PayPal’s PYUSD Stablecoin Set To Expand to Solana Blockchain, Says Payments Giant
Payments giant PayPal says that its stablecoin, PayPalUSD (PYUSD), is expanding onto the blockchain of smart contract platform Solana (SOL). In a new company press release, PayPal says that the dollar-pegged crypto asset PYUSD – which launched in August 2023 in collaboration with the Paxos Trust Company – is now available on Solana, making it […]
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Donald Trump eyes Elon Musk as policy adviser, boosting pro-crypto agenda
Elon Musk may become a policy adviser for Donald Trump, influencing economic and border security policies, as per WSJ.
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US Treasury report outlines potential financial risks of NFTs
The government department outlined potential concerns with the NFT market, including terrorist financing, theft, and funding nuclear proliferation.
The United States Treasury Department has released its first-ever finance risk assessment for nonfungible tokens (NFTs) in an attempt to provide regulators with greater insight into potential risks and security concerns facing the rapidly evolving market.
Several potential risks were identified including the potential for terrorists to finance operations through NFTs, state actors using NFTs to fund nuclear proliferation, money laundering, and the potential risks to investors who may experience theft, rug-pulls, or other forms of fraud that have become well-known.
The report repeatedly reiterated that the vast majority of these illicit activities occur through fiat financing and transactions, and are not unique to the digital asset space.
US Treasury distinguishes between privacy and obfuscation in crypto mixers
Under Secretary Brian Nelson discusses the risks and national security challenges posed by crypto mixers, emphasizing the need for transparency.
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SEC Ordered to Pay $1.8M for Misconduct — Debt Box Hails ‘Monumental Victory’ for Crypto Industry
A federal judge has ordered the U.S. Securities and Exchange Commission (SEC) to pay over $1.8 million in its case against the crypto firm Digital Licensing, also known as Debt Box. The penalty resulted from the SEC’s bad faith conduct in obtaining and defending an ex parte temporary restraining order (TRO) based on misrepresentations. Additionally, […]Binance Research Says Resurgence of Capital Arriving Back to Crypto Markets – Specifically One Sector
The level of capital flowing into the crypto space has grown by double digits since the start of the year, according to the research arm of Binance digital assets exchange. In a new report, Binance Research says that the “resurgence of markets is here” with decentralized finance (DeFi) being one of the major beneficiaries. “Notably, […]
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Coinbase-Backed Altcoin Skyrockets Nearly 100% After Earning Listing From Korean Exchange Upbit
South Korean crypto exchange Upbit has announced the new listing of a low-cap altcoin, triggering explosive price action. In a new announcement on May 29, Upbit says they’re listing Bounce (AUCTION), a crypto project focused on blockchain-based auction technology. The project, created by Bounce.Finance, is a decentralized auction platform that allows for the swapping of […]
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Paypal Expands PYUSD to Solana Blockchain for Better Payment Solutions
Payments giant Paypal has made Paypal USD (PYUSD) available on the Solana blockchain, making the stablecoin “faster and cheaper to use.” Platforms like Crypto.com, Phantom, and Paxos are among the first to offer PYUSD on Solana, alongside Paypal and Venmo wallets. Paypal Makes PYUSD Available on Solana Blockchain Paypal Holdings Inc. (Nasdaq: PYPL) announced at […]
Rep. Tom Emmer: ‘Gary Gensler has been the worst thing for the SEC’
Rep. Tom Emmer criticizes SEC Chair Gary Gensler for overreaching in crypto regulation and stifling innovation, advocating for bipartisan solutions.
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Grayscale’s Ethereum Trust Could Witness $110,000,000 in Daily Outflows if ETH ETFs Are Approved, Says Kaiko
The upcoming spot Ethereum (ETH) exchange-traded funds could initially put selling pressure on the second-largest crypto asset by market cap, according to the market intelligence firm Kaiko. Last week, the U.S. Securities and Exchange Commission (SEC) approved the listing of spot market Ethereum ETFs, paving the way for the products to start trading on US stock exchanges. […]
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Ripple Donates Additional $25,000,000 to Crypto Super PAC Fairshake Ahead of 2024 Elections
Payments platform Ripple is once again donating millions of dollars to a crypto super PAC as the 2024 US election approaches. According to a new press release, Ripple is doubling up its $25 million contribution to Fairshake, a federal super PAC dedicated to supporting pro-crypto candidates during the election. “This investment is in addition to […]
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RWA Protocol Blocksquare Announces $100 Million Tokenization of Real Estate Assets
Blocksquare, a real estate tokenization protocol, has announced that it has tokenized $100 million in properties across various sectors. The team believes this marks a significant advancement in the digital real estate market, facilitated by the launch of their new decentralized finance (defi) platform, Oceanpoint v0.5. From Hotels to Healthcare: Blocksquare Tokenizes $100 Million in […]
Ripple invests $25 million in pro-crypto campaign for 2024 US elections
Ripple donates $25M to Fairshake PAC, aiming to influence 2024 elections for a crypto-supportive US policy.
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Ethereum Could Witness Supply Shock and Sharp Upturn in Price When Fed Pivots: CoinShares Head of Research
A top executive from digital asset manager CoinShares believes market conditions could soon send Ethereum (ETH) soaring. In a new interview with Scott Melker, CoinShares’ head of research James Butterfill says a likely upcoming Fed pivot could be bullish for both Bitcoin (BTC) and ETH. Butterfill says Ethereum could see additional upside momentum around the […]
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Celo integrates Chainlink’s CCIP interoperability protocol
The Ethereum layer-2 solution is leveraging Chainlink for blockchain interoperability and real-world price data.
On May 29, Ethereum layer-2 network Celo announced the integration of Chainlink’s CCIP protocol for cross-chain interoperability.
Celo’s executive director, Eric Nakagawa, issued a statement following the deployment of CCIP on Celo: “Canonical cross-chain infrastructure can accelerate the long-term growth and adoption of the Celo ecosystem.” Nakagawa added, “As the only interoperability solution achieving level 5 cross-chain security, CCIP provides a great option for developers, founders, and the wider community to consider and adopt.”
Cross-chain interoperability continues to be a core focus of the blockchain industry as real-world asset tokenization is poised to become the next major frontier for growth.
Mastercard Launches Crypto Credential Service for Simplified Cross-Border Transactions
Financial giant Mastercard has initiated its first real-world application of the Crypto Credential system, a system aimed at facilitating easier and more secure peer-to-peer (P2P) cryptocurrency transactions. The service, which allows users to transfer cryptocurrencies using simple aliases, has gone live across several exchanges in Europe and Latin America. Mastercard Launches Crypto Credential, Aiming for […]Hashdex withdraws spot Ether ETF application
Hashdex withdrew its application for a spot Ether exchange-traded fund on May 24, a day after the SEC gave eight similar financial products the green light.
Investment manager Hashdex has withdrawn its application for a spot Ether exchange-traded fund (ETF), according to documents filed with the United States Securities and Exchange Commission (SEC).
A filing from May 28 reveals that Hashdex pulled its application for a proposed rule change that would allow the debut of its Hashdex Nasdaq Ethereum ETF. The proposal was taken down on May 24, just a day after eight similar financial products were approved by the financial watchdog.
There are no details on the reasons for the move or whether Hashdex will resubmit its proposal. Cointelegraph reached out to Hashdex but did not receive an immediate response.
Ripple’s institutional DeFi could unlock Bitcoin ETF collateral value: Ripple CTO
Ripple CTO David Schwartz discusses how institutional DeFi on XRPL could enable Bitcoin ETFs to be used as loan collateral.
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Meme coin takeover: PEPE surpasses market value of all major NFT collections combined
PEPE’s market cap now tops $6.2 billion, outshining major NFT collections in value and daily trading volume, signaling a shift in investor focus.
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Nasdaq withdraws Hashdex’s proposed Ethereum ETF
Nasdaq has withdrawn the Hashdex Ethereum ETF proposal, a move following the SEC’s exclusion of the fund from recent approval.
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SRCPAD: The Powerhouse Token Redefining SRC20 Capabilities
PRESS RELEASE. Importance of Being SRC20: The recent report published by Universelle, covered first by bitcoin.com highlights the superiority of the SRC20 ecosystem despite being undervalued due to limited awareness. This comprehensive analysis demonstrates SRC20’s unmatched data permanence and resilience, positioning it as a superior choice over other protocols like BRC20 and Runes. For more […]Ledger Begins Shipping New Hardware Wallet Co-Created by Former iPod Designer
A new hardware crypto wallet designed by the inventor of Apple’s iconic iPod is now being shipped to consumers. According to a new blog post from the French-based startup company manufacturing the device, the Ledger Stax wallet is being delivered to those who pre-ordered it. Says Ledger CEO Pascal Gauthier, “[May 28th] marks a special […]
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NYSE Partners With Coindesk for Bitcoin-Tracking Financial Products
The New York Stock Exchange (NYSE) has teamed up with Coindesk Indices to develop cash-settled options contracts that track bitcoin prices. These contracts, based on the Coindesk Bitcoin Price Index (XBX), are currently in the planning stage and awaiting regulatory approval. NYSE and Coindesk Indices Forge New Path With Bitcoin Options Contracts The proposed New […]Cathie Wood chooses Bitcoin over Ethereum, ‘Hands Down’
Cathie Wood of ARK Invest declares Bitcoin the top investment choice, highlighting its role as a global monetary system and its unstoppable growth.
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Mastercard unveils its ‘name service’ for crypto transactions
Mastercard Crypto Credential now allows easy crypto transactions with aliases, enhancing security and compatibility for users.
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Iggy Azalea-endorsed meme coin delivers $2 million profit to insiders
Insiders profit $2 million from Iggy Azalea’s Mother Iggy coin before her endorsement, amidst concerns of insider trading in meme coins.
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Majority of gamers still unaware of blockchain gaming — survey
A OnePoll survey found that more than three-quarters of adult gamers have never heard of blockchain gaming or have never played a blockchain video game, indicating a huge untapped opportunity.
While blockchain games like Axie Infinity, Gods Unchained, Star Atlas, Decentraland, and The Sandbox continue to make waves within the blockchain community, their influence over the mainstream gaming community remains limited.
A recent poll conducted by OnePoll revealed that blockchain gaming is still a relatively untapped field, with huge potential for game developers and studios to take advantage of.
Out of 2,000 adults surveyed, 52% were not familiar with blockchain gaming at all, while 32% were aware of it but had never actually played a blockchain game.
Caitlyn Jenner meme coin ‘mastermind’s’ celebrity price list leaked
From Eminem to Snoop Dogg, Drake and Tom Holland — a leaked price list suggests JENNER token ‘scammer’ claimed to provide access to them all.
A former teenage business prodigy from India has been named as the man behind a recent series of celebrity meme coin launches with both Caitlyn Jenner and rapper Rich the Kid alleging they have been scammed by the man, Sahil Arora.
More recently, Iggy Azaleas X account appeared to distance the Australian artist from a project bearing her name that was being promoted by Arora as a presale. The token presale raised more than $300,000, while the JENNER token reached more than a $40 million market capitalization amid social media interest in claims and counter-claims of deep fakes and double-dealing.
Arora rejects accusations that he’s a scammer, telling Magazine that many people have made a lot of money from his tokens and that historical allegations against him are from disgruntled investors who lost money trading.
One of his alt accounts also appears to have retweeted other accounts this week claiming that the very celebrities accusing him of scams are still working with him to drum up media interest in meme coin sales.
Gemini returns $2.18B to Earn users following 18-month withdrawal freeze
Gemini has announced a $2.18-billion distribution to its Earn program users 18 months after it suspended withdrawals.
Crypto exchange Gemini has kicked off the process of reimbursing users of its now-defunct lending program, Earn.
According to an announcement, Gemini’s Earn users were paid $2.18 billion in digital assets on May 29, representing 97% of the assets owed to users and a 232% recovery following an interruption of withdrawals by Genesis, a former Gemini Earn partner.
“This means, for example, if you had lent one Bitcoin in the Earn program, you will receive one Bitcoin back. And it means that you will receive any and all appreciation of your assets since you lent them into the Earn program,” reads the statement on X.
Liquid Staking Derivatives See 110,000 ETH Inflow Over 12 Days
While liquid staking protocols experienced a brief period of withdrawals, the past 12 days have seen liquid staking derivatives (LSDs) platforms gain 110,000 ether valued at $417.59 million. Swell Experiences Decline as Lido and Others See ETH Increases In the realm of decentralized finance (defi), liquid staking derivatives (LSDs) have finally recorded positive deposits after […]