Month: February 2025

PayPal-Backed Raise Secures $63M to Expand Blockchain-Based Gift Card System

Raise, a PayPal-backed company specializing in digital gift cards and loyalty programs, has raised a $63 million round led by Haun Ventures. The round brings Raise’s total funding to over $220 million. Other participants included Amber Group, Anagram, and GSR, among others, according to a press release. The Chicago-based...
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SEC Closes Investigation Against Crypto Exchange Gemini, Says Cameron Winklevoss: ‘Another Milestone To The End Of The War On Crypto’ (UPDATED)

Editor’s Note: This story has been updated to include that the SEC declined to respond to Benzinga’s request for comment. Gemini co-founder Cameron Winklevoss disclosed Wednesday that the SEC has concluded its investigation into the cryptocurrency exchange with no enforcement action to be taken. What happened: In an X...
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Cardano Seals The Deal—Hoskinson Hails ‘Very Exciting’ Partnership

Cardano based project Midnight which aims to create a zero-knowledge data protection-based sidechain has teamed up with blockchain security heavyweight OpenZeppelin to introduce a specialized smart contract framework for privacy-preserving applications. The collaboration, lauded by Charles Hoskinson, founder of Cardano, aims to equip developers with robust tools and standards...
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South Korea’s BDACS to Use Ripple Custody for Institutional XRP, RLUSD Holdings

Institutional crypto storage firm BDACS said on Wednesday it will use Ripple Custody, a storage service by payments firm Ripple, for securing institutional holdings of XRP and dollar-pegged stablecoin RLUSD. The collaboration aims to bolster Ripple’s ecosystem, enhance RLUSD adoption, and tap into South Korean port city Busan’s blockchain-friendly...
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