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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…
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…
On the 13th of August, DeFi project Zunami Protocol was attacked by bad actors, resulting in an estimated loss of $2.1 million. A decentralized revenue aggregator project allowing users to…
Payments giant PayPal is launching its own stablecoin, and the move has got both traditional fintech players as well crypto firms excited. Dubbed ‘PYUSD,’ the stablecoin is built on Ethereum…
On Aug. 8, the Federal Reserve elaborated that “novel activities” included complex, technology-driven partnerships with non-banks. These partnerships provided banking services to customers and activities that involve cryptocurrencies and blockchain…
Major stablecoin issuers Tether and Circle are focusing on non-U.S. markets where adoption is growing.
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…
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…
On July 30, Curve Finance suffered exploits on a number of its stable pools that were using Vyper, which is a smart contract programming language for the Ethereum Virtual Machine…
The bills aim to create a regulatory framework for payment stablecoins and enshrine rights for crypto users to self-custody digital assets.