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Paypal Selects Crypto.com as ‘Preferred Exchange’ for PYUSD Stablecoin


Paypal has chosen Crypto.com as the “preferred exchange” for its recently launched stablecoin issued by the blockchain company Paxos. The partnership with the trading platform seeks to prop the U.S. dollar-pegged cryptocurrency which has already listed the coin and provides liquidity for...

IYK secures $16.8 million in a seed round led by a16z


IYK, an acronym for If You Know and a shorter version of IYKYK (If You Know You Know), has said that it has secured $16.8 million in a seed round. The round was led by a16z, its alma mater. Funds raised from the seed round will now be invested to launch the IYK platform and …

Russia’s Yuan Shift: EBRD Economist Warns of Waning US Dollar Dominance


In a recent interview, the European Bank for Reconstruction and Development’s (EBRD) chief economist, Beata Javorcik, highlighted a notable trend: Russia’s growing inclination to transact in the Chinese yuan. This shift, the economist emphasized, could challenge the dominance of...

$SEI integrates with Alchemy Pay’s fiat crypto on-ramp


Sei Network’s $SEI has integrated with the fiat on-ramp solution of Alchemy Pay. This means that Sei Network now has access to the convenient onboarding process, which is likely to help the team make the SEI purchase phase seamless. Users will be able to purchase the token through a fiat payment...

Mixin Network suffers a $200 million hack attack


Mixin Network has suffered a hack attack, draining funds worth $200 million. The community has received confirmation of the news from Mixin Network on X, formerly Twitter, informing them that the decentralized wallet service has temporarily suspended deposit and withdrawal services. They...

Tether approves $1 billion USDT boost for Tron network’s liquidity


Considering a monumental move in full swing to support and strengthen the Tron network’s liquidity, Tether, the predominant stablecoin provider, approves $1 billion USDT. This vital collaboration between Tether and Tron is expected to redefine and turn around the cryptocurrency landscape....

Terra Classic Votes to Halt USTC Minting; Community Eyes Future Re-Peg


Following a decisive vote by the Terra Classic community, an initiative to halt the creation of the previously termed stablecoin, terra usd (commonly referred to as UST or USTC), has been approved. Despite 40.56% opposition, 59.42% of the vote gave the nod for the software update. Minting Freeze...

Newly launched Telegram Casino token $TGC raises $150,000 in 24 hours


Crypto whales are flocking to the newly launched TG.Casino ($TGC) presale, pushing the fundraising beyond $150,000 in a matter of minutes. The project is a Telegram-powered casino that’s causing a stir as it provides a groundbreaking revenue-sharing model that integrates a deflationary...

Will BitTorrent crypto reach $1?


In this article, we’ll examine some key developments affecting the price trajectory of BitTorrent and explore whether it might eventually reach a price level near that holy grail number of $1. While there are no guarantees in anything crypto-related, understanding the underlying factors...

Solana is on the move: Can SOL hit $200 again?


Solana (SOL) has been making waves in the world of cryptocurrencies, and former Goldman Sachs executive Raoul Pal is optimistic about the development. What makes Solana stand out? Well, Pal praises the co-founder, Anatoly Yakovenko (Toly), for his growing influence in the crypto world...

PayPal USD is now accessible on Venmo


PayPal USD (PYUSD), which is an on-chain, licensed, and dollar-denominated stablecoin of PayPal, is now readily accessible on Venmo. PayPal USD is fully supported by U.S. dollar deposits, as well as lesser-period U.S. Treasury bonds and cash. A short while back, PayPal had spoken about the release...

Maxine Waters Slams Republican Bill Hindering U.S. Progress on CBDC


The U.S. House Financial Services Committee is currently a battleground for discussions concerning the possible launch of a Central Bank Digital Currency (CBDC) by the Federal Reserve.  Today, Maxine Waters, a Democratic representative from California, sharply criticized a bill reintroduced...

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