Crypto news

The Board of Directors of PayPal disclosed that the new Chief Executive Officer of the payment processor giant will be Alex Chriss (an executive who runs Small Businesses and Self-Employed Group at Intuit). He will enter the new role on September 27, replacing Dan Schulman. The amendment comes a week after PayPal doubled down on its crypto efforts by launching a stablecoin pegged to the valuation of the US dollar.  PayPal With a New Boss The announcement states that the Board...

Following last year’s stablecoin implosion, international leaders have emphasized the importance of setting up global regulations and norms for this sector. Despite such calls, only a few have taken concrete steps to enact these measures. In contrast, Singapore’s central bank has taken a proactive approach by introducing a structured framework, outlining various prerequisites, aiming to bring transparency to stablecoin issuers and their operations. Singapore’s Stablecoin...

CoinspeakerAllianceBlock Announces Launch of Nexera Exchange  AllianceBlock said the exchange is not just a platform but a treasure trove of DeFi features explicitly made for advanced trading strategies. AllianceBlock Announces Launch of Nexera Exchange 

Web3 decentralized domains service provider – Ethereum Name Service (ENS) – raked in $235,000 in fees on August 13. The figure is the highest since September 11, 2022. Over the past couple of years, ENS has stood as a mainstay within the Web3 realm, enabling individuals to generate easily understandable domain names and wallet addresses for cryptocurrencies. According to data from Arkham Intelligence’s dashboard, ENS DAO (0xFe…44b7) holds more than $132.4 million in assets,...

Binance filed a motion requesting a protective order against the US Securities and Exchange Commission (SEC), claiming the regulator is conducting a “fishing expedition” instead of seeking the narrow and “limited” discovery authorized by the Consent Order to ensure the security and availability of customer assets. The motion asserts that Binance has already provided the SEC with the necessary information. Binance Sees Protective Order Against SEC According to the filing,...

Bitcoin has tapped a new all-time high against the Argentine peso, shortly after a Bitcoin-supportive presidential candidate came first in the nation’s primary elections. The asset now trades for $10,258,244.60 ARS, up 21% over the past 5 days. Pressure on the Peso Compared to the US dollar, Bitcoin has performed remarkably well against the peso over time given that the latter currency’s persistently high inflation. Last month, the nation’s annual inflation rate skyrocketed...

Germany has told leading digital currency exchange Binance that its regulators will not issue a crypto custody license to the firm’s executives. Germany Denies Binance Proper Licensure The country is not pleased, allegedly, with the way Binance is handling itself. The company has been on the brink of making every financial agency angry and it has already aroused the wrath of institutions such as the Commodity Futures Trading Commission (CFTC) and the Securities...

Investment products for XRP, the native crypto asset of the Ripple network, have recorded the 16th consecutive week of institutional inflows since the start of 2023. According to data analyzed by CoinShares in its latest Digital Asset Fund Flows Weekly Report, XRP saw $0.5 million in inflows during the past week. XRP Sees Inflows for the 16th Week CoinShares found that digital asset investment products saw inflows of $29 million following three weeks of outflows. Bitcoin...

Israeli crypto startup Stark Ware has unveiled the new layer-2 Ethereum solution it’s been working on for some time. Known as Starknet v12.0, the upgrade – which also operates under the name “Quantum Leap” – is slated to boost the digital currency network’s throughput tenfold and help Ethereum achieve a level of greatness many analysts never even fathomed. Ethereum May Be on the Verge of Greatness Ethereum is the world’s second largest digital currency by market...

Logan Paul is gearing up for his next event, a boxing match against Brazilian Dillon Danis scheduled for October 14 in Manchester, England. Danis, widely recognized as an MMA fighter and Conor McGregor’s training partner, will be coached by the Irishman for the upcoming fight. Source: XUpon learning about this, Paul launched an explicit rant, accompanied by insults, while offering a one million dollar bet on the match. Logan Paul Faces Criticism This move has drawn heavy...