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Here's How PayPal Plans to Monetize Its New PYUSD Stablecoin
9.8.2023
Payments giant PayPal plans to generate revenue from its upcoming stablecoin in a number of ways, including from its use in payment transactions.
The PYUSD stablecoin would also bring the company revenue in the form of interest income from assets backing it, Jose Fernandez da Ponte, senior vice...
Most Russians Wary of Digital Ruble, Survey Finds – Blow for Moscow’s CBDC?
9.8.2023
Most Russian citizens say they distrust or have no interest in using the digital ruble, Russia’s CBDC, a survey has found.
The survey was carried out by the media outlet and information service provider BankInform, which asked its subscribers to give their thoughts on the CBDC.
The coin...
SEC-Ripple Ruling a ‘Silver Lining’ for South Korean Prosecutors in Do Kwon Case
9.8.2023
The XRP trial ruling may reportedly negatively impact South Korean prosecutors’ bid to convict Do Kwon and Terraform Labs of fraud and securities violations, but officials claim otherwise.
The US Securities and Exchange Commission (SEC) has expressed its “disappointment” at a court ruling last...
Pepe Coin Price Jumps 9%, But BTC20 Launch Expected to Be Much More Explosive – 24-Hour Countdown Begins
8.8.2023
The price of Pepe Coin (PEPE) has leaped around 9% in tandem with a broader cryptocurrency market rally on Tuesday.
The world’s third-largest meme coin by market capitalization, which burst onto the scene back in May, was last trading around $0.0000012, now up more than 12% from the multi-month...
Is Bitrock Price Going To Zero? Down 80%, New ERC-20 Token Launches This Week
8.8.2023
After a stratospheric run-in mid-July that saw the Bitrock (BITROCK) nearly 8000x from its decentralized exchange (DEX) launch price of $0.000037 to reach highs of around $0.30 per token, the token has come under massive sell pressure.
BITROCK was last trading slightly below $0.06, more than...
Ex-FTX US Head of Partnerships, Sina Nader, Takes on Role as Head of Strategy at Mysten Labs
8.8.2023
Sina Nader, the former head of partnerships at FTX US, has joined Mysten Labs as its new head of strategy.
Nader will report directly to Evan Cheng, the CEO and co-founder of the Palo Alto-based Web3 startup, according to a Monday report from Bloomberg.
Cheng, along with other former employees...
Biggest Crypto Gainers Today on DEXTools – TOSHI, BULLET, XBTC
8.8.2023
Blue chip crypto markets are on the front foot on Tuesday, with Bitcoin (BTC) at its highest level in nearly a week above $29,500 and up close to 3% in the last 24 hours, and Ether (ETH) approaching a retest of $1,850 and up around 2% in the last 24 hours....
Read More: Biggest Crypto Gainers Today...
Today in Crypto: Binance Becomes First Fully Licensed Exchange in El Salvador, Coinbase Offers to Buy Back Up to $150 Million of Its $1 Billion Bonds, Bitstamp in Talks to Raise Fresh Funding, Brazilian CBDC Gets Its Official Name and Logo
8.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Binance Becomes First Fully Licensed Exchange in El Salvador, Coinbase Offers to Buy Back Up to $150...
Sino Global Capital Takes Legal Action, Files $67.3 Million Claim Against FTX Trading Ltd
8.8.2023
Sino Global Capital, led by Matthew Graham, has taken legal action against now-defunct crypto exchange FTX, filing a claim worth $67.3 million on behalf of its Liquid Value fund.
The fund, launched in collaboration with former FTX CEO Sam Bankman-Fried in 2021, intended to raise $200 million...
Binance Labs Maintains Dominance in Crypto Funding Despite Regulatory Challenges
8.8.2023
Binance Labs, the venture capital arm of the largest cryptocurrency exchange, Binance, remains an active investor in the crypto space despite its parent company facing regulatory challenges and potential fraud charges.
Last week, Binance Labs announced four investments through its Most Valuable...
Monetary Authority of Singapore Grants Payment License to Crypto Exchange Blockchain.com
8.8.2023
Crypto exchange Blockchain.com announced Monday that it received a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS) on August 1.
The announcement follows Blockchain.com receiving its in-principle approval from Singapore’s central bank in October last year....
Russian Banks Say Citizens Are ‘Wary’ of CBDC Plans – Digital Ruble Faces Roadblock?
8.8.2023
Russia’s biggest banking association has demanded clarification on Moscow’s CBDC plans, and says citizens are “wary” of the digital ruble.
Per Komersant and BFM, the Association of Russian Banks (ARB) sent a letter to the Central Bank with “a request to clarify certain issues pertaining to...
Belarus Prepares to Launch ‘Cross-Border’ CBDC – Russia’s Digital Ruble an Inspiration?
8.8.2023
Belarus is set to follow suit with Russia’s CBDC development plans – and plans to launch a digital version of the Belarusian ruble for use in “cross-border” payments.
Per Minsk-Novosti and Interfax, the National Bank of the Republic of Belarus (NBRB) has earmarked the launch of CBDC as one of...
Crypto Exchange Listing and Delisting Announcements: August 7, 2023
7.8.2023
Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.
Have we missed something? Do you have information about new listings and/or delistings? Let us know here....
Biggest Crypto Gainers Today on DEXTools – 科太币, Toshi, Kitty, Evil Pepe
7.8.2023
Major blue-chip crypto prices are under modest pressure on Monday, with Bitcoin (BTC) recently dipping below $29,000 once again and eyeing a retest of monthly lows, and Ether (ETH) testing the $1,800 and eyeing a retest of its 200DMA.
There doesn’t seem to be any news driving the bearish price...
Rumors of Insolvency and Chinese Probes Cause Huobi Crypto Exchange TVL to Drop to $2.5 Billion
7.8.2023
Popular cryptocurrency exchange Huobi has experienced significant outflows of funds and a decline in its total value locked (TVL) amidst rumors of insolvency and Chinese investigations.
Between August 5 and 6, Huobi saw outflows totaling $64 million, causing its TVL to drop to $2.5 billion, down...
Today in Crypto: Kenyan Police Reportedly Raided Worldcoin Warehouse, US FBI Issues Warnings About NFT Scammers, Curve Finance Offers a $1.85 Million Bounty to Identify & Convict the Hacker
7.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Kenyan Police Reportedly Raided Worldcoin Warehouse, US FBI Issues Warnings About NFT Scammers, Curve...
Eyeball Scanning Crypto Project Worldcoin Warehouse Raided by Kenyan Police
7.8.2023
Worldcoin, the eyeball-scanning crypto project launched by OpenAI founder Sam Altman, is under increased scrutiny in Kenya, as local police reportedly raided the project’s warehouse in Nairobi, in search of data.
Per a local news report Monday, a team of Kenyan police officers raided Worldcoin’s...
BitGet Crypto Exchange Secures Comedian Adam Devine as Brand Ambassador – Crypto Partnerships Making a Comeback?
7.8.2023
Crypto exchange Bitget announced a one-year partnership with American actor and comedian Adam Devine.
Per the press release, Bitget aims to promote crypto education and foster adoption through "an engaging and lighthearted approach."
Gracy Chen, the Managing Director of Bitget, said...
Crypto Exchange OPNX Bids to Take Over Hodlnaut in Singapore: Capital Injection of $30 Million Expected
7.8.2023
OPNX, a digital asset exchange created by the founders of failed hedge fund Three Arrows Capital, has proposed a takeover of the struggling crypto lender Hodlnaut.
OPNX has offered to inject $30 million worth of FLEX digital tokens into Hodlnaut to fund a partial creditor payout...