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Strike CEO Jack Mallers has taken to Twitter to announce that Strike is now an integrated partner with payments giant Fiserv, parent company of Clover. Subsequently, Strike has launched a pilot integration with Clover allowing merchants to accept bitcoin over the Lightning Network.

According to his announcement, the integration is not limited to Strike. Instead, merchants will be able to accept Lightning payments from any source — “From Cash App to a node over Tor. If it can make a Lightning payment, you can use it,” Mallers stated on Twitter.

Mallers clarified that this rollout is part of a 90-day trial period, which will involve measuring the speed and cost of facilitating transactions using the new integration. In addition to that, the amount of business that integrating Lightning brings to merchants will be closely monitored.

After the pilot, Strike aims to enter the Clover app store, and afterwards, direct integration into Clover. This would enable Lightning by default for all Clover merchants, putting it right next to card networks like Visa and MasterCard.

“Ultimately, these payment giants want to see Lightning in action,” Mallers said on Twitter. “They want to feel it, touch it, and see people use it. An open, instant, cheap, inclusive, and innovative payment network seems too good to be true. Time to show Lightning is the world's superior payments rail.”

The trial period is now active and Clover merchants can reach out to Strike in order to enable cheaper, faster payments using the Bitcoin Lightning Network.

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Has Russia really ‘legalized’ cryptocurrency mining?

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Has Russia really ‘legalized’ cryptocurrency mining?

Russia’s crypto mining laws have filled the “regulatory vacuum,” but there is still a lot of legal uncertainty about many aspects of regulation.

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Paxos launches USD-backed USDG stablecoin with DBS Bank

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Paxos launches USD-backed USDG stablecoin with DBS Bank

Paxos launches USDG, a Singapore-compliant stablecoin, partnering with DBS Bank for US dollar reserves in line with Singapore’s MAS framework.

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Markets react on second open after budget – as traders concerned over some announcements

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Markets react on second open after budget - as traders concerned over some announcements

The cost of government borrowing has jumped, while UK stocks and the pound are up, as markets digest the news of billions in borrowing and tax rises announced in the budget.

While there was no panic, there had been concern about the scale of borrowing and changes to Chancellor Rachel Reeves’s fiscal rules.

At the market open on Friday, the interest rate on government borrowing stood at 4.476% on its 10-year bonds – the benchmark for state borrowing costs.

It’s down from the high of yesterday afternoon – 4.525% – but a solid upward tick.

The pound also rose to buy $1.29 or €1.1873 after yesterday experiencing the biggest two-day fall in trade-weighted sterling in 18 months.

On the stock market front, the benchmark index, the Financial Times Stock Exchange (FTSE) 100 list of most valuable companies was up 0.36%.

The larger and more UK-focused FTSE 250 also went up by 0.1%.

While there was a definite reaction to the budget, uniquely impacting UK borrowing costs, the response is far smaller than after the UK mini-budget.

Many forces are affecting markets with the upcoming US election on a knife edge and interest rate decisions in both the UK and the US coming on Thursday.

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