Month: June 2022

PayPal to Allow Users to Transfer Crypto Externally as It Expands Its Crypto Offering

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One of the world’s leading payment powerhouses, PayPal, recently announced that it would allow users to transfer crypto from their PayPal accounts to external wallets or exchanges. The company’s new offering, Crypto Push, is a response to increasing customer demand for cryptocurrency transfers.  In a press release, Jose Fernandez da Ponte, the SVP and general manager of blockchain, crypto, and digital currencies at PayPal, said, “We are thrilled to announce that starting today, PayPal supports the native transfer of cryptocurrencies between PayPal and other wallets and exchanges. Users have…

Circle’s Disparte Calls CBDCs ‘a Preposterous Idea’ in Digital Dollar Debate

Those differences were on full display in the panel discussion at Consensus 2022 on whether the U.S. Federal Reserve should issue a digital dollar or leave such innovation to the private sector. Dante Disparte, head of policy for stablecoin issuer Circle Internet Financial, called central bank digital currencies (CBDC) a “preposterous idea.” However, Grey warned private-sector efforts at creating a widely usable form of money would put the taxpayer on the hook if those efforts failed. Source

Anonymous hacker served with restraining order via NFT

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Law firms Holland & Knight and Bluestone have served a defendant in a hacking case with a temporary restraining order through a nonfungible token, marking the first known legal process to be facilitated by an NFT. The so-called “service token” or “service NFT” was served to an unnamed defendant in a hacking case involving LCX, a Liechtenstein-based cryptocurrency exchange that was hacked in January for almost $8 million. As Cointelegraph reported at the time, the attack compromised the platform’s hot wallets, resulting in the loss of Ether (ETH), USD Coin…

Exchange Reserves Hit New 4-Year Lows

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On-chain data shows Bitcoin exchange reserves have now reached new 4-year lows, a sign that could prove to be bullish for the crypto’s price. Bitcoin Exchange Reserve Has Sunk Down Further Recently As pointed out by an analyst in a CryptoQuant post, the BTC exchange reserve has been going down, suggesting buying has been going in the market. The “all exchanges reserve” is an indicator that measures the total amount of Bitcoin currently stored in wallets of all centralized exchanges. When the value of this metric goes up, it means…

Crypto News Today | Cryptocurrency Latest Updates Hindi | Crypto Bill | XRP Kishu Inu, Shiba Inu

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Cryptocurrency News Today: Crypto पर एक Latest Update आ रहा है. India में Crypto Investors ने Crypto Trading Apps (WazirX, CoinDCX, CoinSwitch Kuber) के जरिए करोड़ो रुपए Best Crypto Coins (Bitcoin, Ethereum, Sand, Solana, Shiba Inu Coin, Dogecoin, Kishu Inu) में Invest किए हुए हैं. लेकिन अब Crypto Investors को सावधान रहने की जरूरत है. एक तरफ तो New Crypto Bill 2022 की News की वजह से Crypto Investors परेशान हैं, Crypto Market Down है. दूसरी तरफ आजकल बड़े Crypto Fraud Racket…

Top Crypto Exchange Coinbase Extends Altcoin Listing Spree, Supporting Two Ethereum-Based Altcoins

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A pair of altcoins decentralized finance (DeFi) altcoins are joining top US crypto exchange Coinbase’s roster of assets. In an announcement, Coinbase says Index Cooperative (INDEX) will start trading on Coinbase Pro paired with Tether (USDT) once appropriate liquidity conditions are met. Coinbase will add support for Wrapped Ampleforth (WAMPL) and Index Cooperative (INDEX) on the Ethereum network (ERC-20 token). Do not send this asset over other networks or your funds may be lost. pic.twitter.com/HmHdINAGIg — Coinbase Assets (@CoinbaseAssets) June 8, 2022 Index Cooperative seeks to create user-friendly and profitable…

Solana Ventures Launches $100 Million Fund Focused on Web3 Projects in South Korea – Bitcoin News

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Solana Ventures has revealed the launch of a $100 million fund dedicated to Web3 startups in South Korea. According to Solana Labs’ general manager Johnny Lee, the capital will be dedicated to non-fungible tokens (NFTs), decentralized finance (defi), and game finance (gamefi) development. Solana Ventures Reveals $100 Million Web3 Fund Dedicated to Finding Talent and Innovative Startups in South Korea Proponents behind the smart contract protocol Solana plan to expand into South Korea by offering a Web3 fund worth $100 million to startups and developers creating Web3 projects. Solana Labs’…

Why This Hacker Sent 1M Optimism Tokens To Vitalik Buterin

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The inventor of Ethereum Vitalik Buterin was the unintended recipient of 1 million OP tokens from this network’s scalability solution Optimism. The team behind this project addressed concerns about a potential exploit related to the launch of their governance token. Related Reading | TA: Bitcoin Stuck In Key Range, Why A Major Breakout Is Possible As clarified by Optimism, they entered a deal with liquidity provider Wintermute to “facilitate a smoother experience for users” looking to buy OP and participate in the project’s governance model. As part of the agreement, Optimism…

Crypto privacy is in greater jeopardy than ever before — here’s why

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Despite the latest technology, the world has yet to crack the code for privacy and security online. But that isn’t the only big problem we need to worry about. Hackers and robbers are tricking innocent users into giving up their private information as society becomes increasingly digital — and virtual currencies have a role in all of this. Cryptocurrencies smashed records in 2022, with the market topping $2 trillion for the first time ever. And while this has been greeted with excitement by current investors, it’s made others more wary.…