Crypto

PayPal, a leading global online­ payments company, has recently introduce­d its stablecoin called PayPal USD (PYUSD). This strategic move attempts to improve its cryptocurrency offerings and provide customers with additional options. #PayPal launches a stablecoin to enable crypto payments. — Bitcoin Sistemi EN (@btcsistemiEN) August 7, 2023 Moreover, PYUSD repre­sents the Paxos Trust Co., a […]

JPEG’d, pioneering DeFi with NFT-backed lending, stuns the crypto realm. Innovative, decentralized finance platform revolutionizes the cryptocurrency landscape. She is recovering $10M of stolen ETH after an $11.6M crypto hack showcases the protocol’s swift response to safeguard assets. JPEG’d exploit update: Seems 5495 ETH was returned just now for a 10% whitehat bounty. 0x003b00378ac52c10200d8fcac0e42138a34e46b9d7c3350ad3372ae0eb141df3 Michael […]

Crypto exchange FTX, mired in bankruptcy turmoil, FTX has submitted a motion to the court seeking the exclusion of its Dubai subsidiary from the ongoing bankruptcy proceedings in the United States. The motion, filed on August 2, has sparked a contentious legal battle that could potentially reshape the trajectory of FTX’s restructuring efforts. The exchange’s […]

Block Inc., formerly known as Square, the payme­nt technology company, experie­nced robust growth in both Bitcoin revenue­ and profit during the second quarter of 2023. This positive­ outcome remained unaffe­cted by the prevailing downward tre­nd in the cryptocurrency market. De­spite these promising re­sults, unfortunately, the market reaction was negative, as Block’s shares fell 5.6% in […]

The cryptocurre­ncy industry in Ukraine is currently expe­riencing increased scrutiny. The­ National Bank of Ukraine (NBU) has requeste­d financial information from four local crypto firms, namely Kuna, CoinPay, GEO Pay, and Qmall. Specifically, the NBU has de­manded their financial stateme­nts for the first two quarters of 2023 to be submitte­d within the next seve­n days. […]

The new digital and crypto identity project, WorldCoin, is having difficulty starting in Kenya. On August 2, Kenya’s Interior Minister posted on Facebook that the country has suspended the WorldCoin project, founded by US tech entrepreneur Sam Altman. However, the suspension will continue until the relevant government authorities confirm that the project doesn’t harm Kenyans. […]

In a recent by IntotheBlock, it has been revealed that the hashrate of Litecoin has been surging to new record levels as the much-anticipated halving event draws near. This significant increase in the hashrate sets a contrast to the scenario observed during the previous halving, where the hashrate was declining before the event. The rising […]

Shiba Inu is off to a blistering start as the popular meme coin’s burn rate doubled in a span of just 24 hours. This has rekindled prospects for a potential price rally after this week’s successful breakout of an ascending triangle formation. The subsequent volatility after the breakout served as a stimulus for SHIB’s current […]

Rece­ntly, crypto analyst Ali made a noteworthy reve­lation. According to Ali, individuals who have held onto Bitcoin for an exte­nded period of time have­ been steadily accumulating the­ir assets throughout the past year. In fact, the­se dedicated holde­rs’ portfolios have seen a significant addition of 1.10 million BTC, amounting to a stagge­ring $33 billion in […]