In a move set to shake up the crypto payments sector, Paypal has launched its own stablecoin – PYUSD. A stablecoin is a type of digital currency that is pegged to an asset, such as the US dollar, to maintain a stable value. Stablecoins are often used by traders to move funds between crypto exchanges, […]
What Is The PayPal Stablecoin (PYUSD)? Read More »
With bankruptcy proceedings for failed crypto platforms likely to take many years, customers with locked funds are moving to sell their accounts in online marketplaces. In what was the first major crypto exchange implosion, the Mt. Gox exchange declared bankruptcy in 2014. Nine years later its account holders still have no confirmed date for a
Locked Account Holders Sell Their FTX, Celsius and BlockFi Accounts Read More »
Fireblocks has announced a key hire in its moves to engage with central banks globally in their introduction of digital currencies. The company has hired former Head of Fintech at the Bank of England, Varun Paul, to helm its Central Banking Digital Currency (CBDC) and Market Infrastructure arm. Paul has a Master’s Degree in Economics
Fireblocks Advances Its Central Bank Digital Currency Strategy Read More »
In the wake of the recent $100 million BlockFi settlement with the SEC and as the wider crypto-lending sector considers how to respond, Nexo has moved quickly – announcing it will no longer offer interest-bearing accounts for new U.S. customers. The news that New York-based BlockFi had settled with the SEC for $100 million is
Nexo Ceases Offering Earn Product to New U.S. Customers Read More »
Bug bounties and contract audits are providing ineffective platform security as Cream Finance is forced to offer a 10% reward to the attacker who exploited its smart contract and stole $130 million worth of tokens. In the October 27th exploit of a ‘Flash Loan’ against Taiwan based Cream Finance, the company says an attacker flash
Cream Finance Hacked Again for $130 Million Read More »
