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Payments Giant Paypal Launches Dollar-Backed Stablecoin PYUSD


Paypal has introduced its own stablecoin, representing the first venture of its kind by a leading financial firm. Initially reported by Bloomberg, the launch could notably accelerate the slow integration of cryptocurrencies for payment purposes. A New Era for Paypal: Introduction of PYUSD...

X Will ‘Never’ Launch a Crypto Token, Says Musk


Tech investor Elon Musk said that his social media platform X, formerly Twitter, will never launch its own cryptocurrency token. He made the statement in response to a post by a user of the networking service warning about fake coin projects exploiting Musk’s name and that of the platform. Elon...

Biggest Movers: SHIB Surges to 3-Month High to Start the Weekend


Shiba inu was a notable gainer during Saturday’s session, as the meme coin climbed to a three-month high. The move comes as traders continue to react to Binance’s decision to approve the coin as a collateral asset, in addition to the upcoming launch of Shibarium. Dogecoin also snapped its recent...

Base Opens Ethereum Bridge, Mainnet to Launch August 9


Base, the Ethereum L2 (layer 2) scaling layer backed by Coinbase, has opened bridging for selected assets from Ethereum. In a blog post, the protocol also announced that the Base mainnet deployment was slated for August 9, allowing free access to developers to launch their apps on top of it. Base...

Facebook Owner Meta May Launch Chatbot ‘Personas’ Next Month, Report


U.S. tech giant Meta is preparing to launch multiple chatbots powered by artificial intelligence (AI) as early as September. According to an article quoting knowledgeable sources, the company seeks to encourage user engagement on its social media platforms with the chatbots that could also be used...

Animoca Brands’s nWay partners with Yuga Labs to launch Wreck League


nWay, a subsidiary of Animoca Brands, has announced that it is partnering with Yuga Labs to launch the first phase of Wreck League. That is a game that brings together the worlds of Web2 and Web3. The partnership will enable them to offer players a wide option of creating their own Mech. These...

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