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Paxos Labs Closes $12 Million Funding Round with Blockchain Capital as Lead Investor

4 hours ago

On April 14, Fortune reported that Paxos—a stablecoin and blockchain infrastructure firm with longstanding partnerships with major enterprises like PayPal and Nubank—has spun off a new business unit: Paxos Labs. The unit focuses on decentralized finance (DeFi), helping enterprises offer their retail customers access to stablecoins and crypto lending protocols. On Tuesday, Paxos Labs announced it has closed a $12 million funding round led by Blockchain Capital, a longstanding crypto venture capital firm. Participating investors include Robot Ventures, family office Maelstrom, and DeFi development company Uniswap Labs. Paxos Labs co-founder Bhaumik Kotecha did not disclose the round’s valuation. Chad Cascarilla serves as CEO of both Paxos and Paxos Labs. Kotecha noted: “This technology streamlines integrations for customers, as they won’t have to handle all smart contract-related challenges themselves. We also work alongside their teams to help design and articulate solutions from a compliance and risk perspective.”
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The Central Bank of Russia is attempting to push for mandatory identity verification for all cryptocurrency traders

April 14th — According to DL News, the Kremlin wants to understand the demographic of participants in cryptocurrency transactions in Russia. The Central Bank of Russia plans to bar users from withdrawing crypto assets from wallets operated by local firms if they haven’t completed identity verification. As part of a set of crypto regulatory rules taking effect in July, the central bank also aims to require local exchanges to adopt KYC measures to remove anonymity from cryptocurrency transactions in the country. Additionally, regulators are seeking details about Russian citizens’ crypto holdings overseas. Vladimir Chistyukhin, First Deputy Chairman of the Central Bank, said in an interview: “No one is trying to stop Russian individuals or legal entities from continuing to hold cryptocurrency in overseas wallets. Our only core requirement is that they must declare these assets to the Federal Tax Service.”

3 minutes ago

WSJ: Seized Iran-Linked Vessels to Be Taken to Designated Area in Arabian Sea or Indian Ocean

On April 14, The Wall Street Journal reported that the seized Iran-related vessel will be taken to a designated area in the Arabian Sea or Indian Ocean. (FX168) ### Notes on alignment with American English news habits: 1. Added preposition **"On"** before the date (standard for time references in U.S. journalism). 2. Swapped passive "according to" for active **"reported that"** (more concise and direct for news briefs). 3. Omitted the definite article before "Indian Ocean" (common in U.S. news when listing paired bodies of water). 4. Kept the source attribution (FX168) at the end (standard for wire-style briefs). This version is tighter, more conversational, and adheres to U.S. media brevity norms.

3 minutes ago

Security Notice: Cowswap Frontend Hacked, Do Not Interact

April 14th Official sources confirm Blockaid has detected a front-end attack targeting Cowswap, with the website COW[.]FI flagged as malicious. If your wallet is connected, revoke authorization immediately and avoid all interaction with this DApp.

3 minutes ago

Trump: Negotiations on Iran Issue "Could Happen in the Next Two Days" in Pakistan

April 14 — U.S. President Donald Trump told the New York Post that Iran negotiations “could happen in Pakistan in the next two days,” adding the U.S. is “leaning toward” holding the talks there.

3 minutes ago

Ethereum Foundation Launches Ethereum Audit Support Program

April 14. Official sources confirm the Ethereum Foundation has rolled out the Ethereum Audit Subsidy Program. A joint effort with audit firms, the initiative aims to subsidize security audit costs for Ethereum developers. While security audits are an industry best practice, they carry steep costs. The program’s goal is to make audits more accessible, thereby boosting the overall security of the Ethereum ecosystem. Part of the Foundation’s “Trillion-Dollar Security” push, the project is partnering with organizations like Areta, Nethermind, and Chainlink Labs to review applications—helping Ethereum builders secure more affordable audit services for CROPS and emerging use cases.

3 minutes ago

Market News: Israel-Lebanon Talks at US State Department Underway

Talks between Israel and Lebanon kicked off at the U.S. State Department on April 14, per market sources. (FX168)

3 minutes ago

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