Category Archive: Cryptocurrency, No picture
PayPal Introduces PYUSD Stablecoin in Collaboration with Paxos
PayPal, a popular online transaction platform, is strengthening its crypto game, according to an announcement on August 7. The introduction of PayPal USD, a stablecoin 100% backed by U.S. dollar deposits and short-term U.S. Treasurys, is set to reshape PayPal’s position in the digital payments arena. “The shift toward digital currencies requires a stable instrument […]
Ether Whale Burned 2,500 ETH; Ethereum Community Questions Motives
An individual operating under ENS name nd4.eth, sent 2,500 ETH, equivalent to $4.5 million, to a burn address. The act, which took place on July 26, has since drawn significant attention, leading to the Ethereum community questioning their motives. Can anyone on here explain this tx to me https://t.co/tWLYs0CWyb Looks like nd4.eth sent 2500eth to […]
Crypto Romance Scam In The Air: Minnesota Man Loses $9M
Minnesota police reported that a resident has been swindled out of $9 million in a cryptocurrency scam orchestrated through LinkedIn, according to a local news report. The victim made 21 transactions to a woman promising quick profits in a crypto project named “Coinrule-web3” over a six-month period: “Police say the Eden Prairie resident was cheated […]
Cryptocurrencies Navigate July’s Economic Waves; A Soft Landing Scenario?
July’s crypto landscape found itself closely intertwined with the broader financial markets, mirroring the hopes and realities of the U.S. economy’s potential soft landing, according to a Grayscale report. July’s cryptocurrency trends seemed to mirror the larger economic sentiment surrounding the prospects of a soft landing for the U.S. economy, Grayscale reported. With recent data […]
Binance Adds SHIB to Collateral Assets List, Eyes Potential Bone ShibaSwap Listing
Cryptocurrency exchange Binance has expanded its offerings by adding 22 new assets for loans and collateral, including the meme-based cryptocurrency Shiba Inu, the company announced on August 4. The additions to the Flexible Loan and VIP Loan services mark the latest move by Binance to diversify its financial products. Eight new assets have been included […]
Matter Labs CEO Denies ‘Extremely Disappointing’ Code Copying Allegations from Polygon Zero
zkSync creator Matter Labs’ recently released proving system Boojum has been accused of containing code copied from Polygon Zero’s Plonky2, according to a blog post published by Polygon Zero on August 3. The CEO of Matter Labs, Alex Gluchowski, has vehemently denied these allegations, acknowledging room for improvement in attribution but defending the originality of […]
Curve’s crvUSD Stablecoin Recovers After Brief Depegging
Curve Finance’s crvUSD, its decentralized stablecoin, experienced a temporary dip in value, falling by as much as 0.35% from its peg to the U.S. dollar. The brief depegging comes after Curve Finance’s recent exploit on July 30, which has raised questions regarding the stablecoin’s stability mechanisms. At the time of writing, crvUSD sits at $0.99, […]
Bitfinex 2016 Hack Culprit Caught, Pleads Guilty to Money Laundering
Ilya Lichtenstein pleaded guilty to a conspiracy to launder stolen Bitcoin, originally acquired through the 2016 Bitfinex hack, in a federal court in Washington, D.C. The amount, worth $70 million at the time of the theft, has since soared to a value of $4.5 billion, according to a CNBC report. The Department of Justice’s charges […]
Binance Names New Deputy Chief Compliance Officer Amid Lawsuits, Regulatory Issues
Binance, the global cryptocurrency exchange, has appointed Kristen Hecht to oversee compliance and Anti-Money Laundering initiatives, a move that comes amid escalating regulatory scrutiny that the exchange has been experiencing lately. Kristen Hecht, Deputy Chief Compliance Officer (CCO) and Global Money Laundering Reporting Officer (GMLRO) at BinanceHecht will serve as the new Deputy Chief Compliance […]
Cross-Chain Bridges to BNB Chain, Ethereum Easier for World Mobile Token
World Mobile, the blockchain company with a mission to connect users through mobile data solutions, has announced the creation of dedicated cross-chain bridges to both BNB Chain and Ethereum. 📢 We’re excited to announce World Mobile Token will be bridged to both the BNB Chain and Ethereum blockchains! @WorldMobileTeam‘s multi-chain strategy aims to connect a […]
