Rain, a global card issuing platform that uses stablecoins, has secured $24.5 million in funding led by Norwest Venture Partners. Additional participants include Galaxy Ventures, Goldcrest, Thayer, and Hard Yaka, alongside existing investors such as Lightspeed Venture Partners, Coinbase Ventures,…
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Visa-backed Rain raises $24.5m to expand stablecoin payment cards [btcmanager]
Rain, a global card issuing platform that uses stablecoins, has secured $24.5 million in funding led by Norwest Venture Partners. Additional participants include Galaxy Ventures, Goldcrest, Thayer, and Hard Yaka, alongside existing investors such as Lightspeed Venture Partners, Coinbase Ventures,…
Conflux: CREATE2 Opcode bug fixed with v2.5 security upgrade [btcmanager]
Conflux says its security team has successfully patched the CREATE2 Opcode vulnerability with version 2.5 network upgrade. The Conflux (CFX) Network announced on March 24, 2025 that a security vulnerability detected with the help of ecosystem team GraFun, has been…
Crypto researcher explains why Sonic price may surge 10x [btcmanager]
Sonic price continued its recent uptrend as most cryptocurrencies rebounded and its Decentralized Finance ecosystem soared. Sonic (S), formerly known as Fantom, rose to a high of $0.6072 on Monday, its highest level since March 3. In an X post,…
What is the Lightning Network? Bitcoin’s L2 solution [btcmanager]
Lightning Network is a Bitcoin blockchain layer-2 solution. Blockchain scalability is mostly dependent on layer-2 solutions. Because Lightning Network is associated with Bitcoin (BTC) and can contribute utility value to the chain, it is one of the most important layer-2…
What is the Lightning Network? Bitcoin’s L2 solution [btcmanager]
Lightning Network is a Bitcoin blockchain layer-2 solution. Blockchain scalability is mostly dependent on layer-2 solutions. Because Lightning Network is associated with Bitcoin (BTC) and can contribute utility value to the chain, it is one of the most important layer-2…
Crypto custody reform could spark institutional interest, says Palisade co-founder [btcmanager]
The potential rollback of the SEC’s custody rule could significantly reshape the digital asset landscape, according to Manthan Dave, co-founder of Palisade, a digital asset custodian backed by Ripple. Dave argues in a note sent to crypto.news that reversing the…
1inch fund sells Ethereum and Wrapped Bitcoin holdings amid market rebound [btcmanager]
1inch’s investment fund is offloading portions of its crypto holdings despite a recent market rebound, signaling a strategic effort to cut losses and hedge against further potential downside. According on-chain monitoring X account EmberCN, the 1inch team’s investment fund recently…
White House pressuring congress to fast-track Genius Act: report [btcmanager]
The White House is pushing Congress to accelerate the passage of the GENIUS Act, a bill aimed at regulating payment stablecoins. This pressure comes with the goal of getting it to President Donald Trump’s desk within two months, Crypto in…
Bitin shut down by Israeli regulator, hit with $460k fine [btcmanager]
The Israeli financial markets regulator has shut down the crypto exchange Bitin for offering crypto trading services without the required license, reinforcing the country’s regulatory stance on crypto firms. The Israeli Capital Markets, Insurance, and Savings Authority has shut down…