Altcoins

CoinspeakerPayPal Launches Its Native Stablecoin PayPal USD (PYUSD) PayPal assures its users that PYUSD is fully backed by USD, reserve with funds supporting the stablecoin, while addressing concerns about issuing unbacked tokens. PayPal Launches Its Native Stablecoin PayPal USD (PYUSD)

Global payments giant PayPal has deepened its footsteps into the crypto industry by launching a dollar-backed stablecoin dubbed PayPal USD (PYUSD). The move makes PayPal one of the first large U.S. financial companies to launch its own stablecoin despite regulatory uncertainty around crypto assets in the country.  As a USD-pegged stablecoin, PayPal USD maintains a fixed value to the U.S. dollar, and it will be issued by the popular white-label stablecoin maker Paxos Trust...

Scams, scams, and more scams… Lately, it feels like all we really hear about anymore in the world of crypto are the number of scams that have been hitting the streets, but not too long ago, Roundtable anchor Rob Nelson hosted a meeting with Jordan Edelson, the co-founder of Trade Zing, and asked him what people can do to prevent themselves from falling victim to these ongoing issues. Trade Zing Works to Lessen Crypto Scams The event began with Nelson asking:...

CoinspeakerPhilcoin – Human-Focused Blockchain Platform Backed by World Champions Philcoin is an exciting project seeking to make real, palpable, and positive changes in the world. Its philanthropic mission is multi-purpose oriented and aims to help as many people in need as possible. Philcoin – Human-Focused Blockchain Platform Backed by World Champions

Arkham Intelligence, a leading blockchain-centric cybersecurity firm, recently launched “the world’s first on-chain intelligence exchange,” a platform where users can post bounties for whoever can uncover information related to the ownership of on-chain assets. The platform – which has generated quite some controversy already, partly due to inadvertently doxing its own early adopters – was launched together with ARKM, a proprietary token meant to facilitate the exchange of...

Do Kwon – the nefarious founder of the now failed stable coin company Terraform Labs – will spend the next four months behind bars in Montenegro after he was detained at one of the nation’s airports with forged documents and phony passports. Do Kwon Heads to Prison The passports allegedly held by Kwon at the time of his detainment included ones from Costa Rica and Belgium. He attempted to board a flight that was on its way to Dubai in the United Arab Emirates...

The Chief Executive Officer of Binance – Changpeng Zhao (CZ) – said one reason why his company recently introduced the stablecoin FDUSD is the terminated partnership with Paxos. While the two entities teamed up in 2019 to launch the USD-denominated BUSD, the New York state regulators told Paxos to stop minting new tokens earlier this year. CZ said that, as of the moment, Binance has no intention to list its own stablecoin but rather collaborate with other companies focusing...

It may not seem like it today, with crypto markets tanking, but DeFi assets have been steadily recovering over the past month, according to Glassnode. On July 31, on-chain analytics platform Glassnode published a report on the state of DeFi tokens amid this year’s regulatory issues. “Regulatory conditions in 2023 have been a tug-of-war between positive and negative news, with altcoins and DeFi tokens being the most heavily impacted,” it stated. Regulatory conditions in 2023...

Where will non-fungible tokens (NFTs) be in the next few years? NFTs… Where Will the Future Take Them? NFTs were, at one point, the big rage of the crypto industry. They saw a lot of action and activity, and within two or three years, the arena was worth billions of dollars and was all the rage of crypto fanatics. However, since then, NFTs have taken a serious dive, and we’re not seeing that many people engaged with them anymore. In a recent roundtable that saw...

CoinspeakerMemecoin Frenzy Hits Coinbase-backed Base with Increased Risks of Rug Pulls Some memecoin traders were lucky to make huge returns from a small investment while others were rug pulled with a promise of future return. Memecoin Frenzy Hits Coinbase-backed Base with Increased Risks of Rug Pulls