Category: Latest news

[ad_1] In a move signaling the significant shift towards digital currencies, PayPal has announced the launch of its U.S. dollar-backed stablecoin – PayPal USD (PYUSD). This development, announced by PayPal directly, adds a new dimension to the emerging potential of regulated, fully-backed stablecoins in transforming payments in digitally native environments like web3. In a prepared…

[ad_1] Kenyan authorities raided a Worldcoin warehouse in Nairobi on Aug. 5 under a search warrant over concerns that the company’s data collection practices may not adhere to privacy laws in the country, according to local media reports. The police confiscated various documents and machines believed to store the data collected by the company through…

[ad_1] Bitcoin options are a vital part of the broader cryptocurrency market, as the dynamics within these derivatives contracts can provide valuable insights into market trends and potential future movements. Bitcoin options are financial contracts that give investors the right but not the obligation to buy or sell Bitcoin at a predetermined price within a…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…

[ad_1] Decentralized finance (DeFi) protocol Curve Finance (CRV) has offered a $1.85 million public bounty to recover the remaining funds stolen on its platform through a reentrancy bug on July 30. In an on-chain message dated Aug. 6, Curve conveyed that the deadline for the hacker to voluntarily return the stolen funds had passed at…

[ad_1] MakerDAO DAI‘s stablecoin supply increased by $200 million after its interest rate increased by 8% for holders depositing into the protocol. On Aug. 6, MakerDAO’s founder Rune Christensen revealed that Dai Savings Rate (DSR) was paying the high yield rate for the stablecoin holders “at no additional risk.” Following the news, DAI’s market cap…

[ad_1] The exchange-traded digital asset market has seen considerable outflows this week, marking a total of $107 million, illustrating an accelerated pace of ongoing profit-taking over the past weeks. CoinShares’ Digital Asset Fund Flows Weekly report stated that Bitcoin took center stage with outflows amounting to $111 million, recording the most significant weekly outflows since…

[ad_1] A total of 400,000 new Ordinal Inscriptions were added to the Bitcoin blockchain on Aug. 7. According to data from Glassnode, this is the second-highest number of new Inscriptions added in a 24-hour window. The previous high was recorded at the end of July when around 420,000 new Inscriptions were added. Ordinals represent digital…

[ad_1] Worldcoin claimed that demand for its global World ID verifications doubled during the first week of its launch despite the early regulatory troubles it faced across multiple jurisdictions. In an Aug. 6 statement, Worldcoin said the release of new Orbs worldwide boosted its weekly verifications numbers, building on its already high verifications rate for…

[ad_1] Claims about crypto exchange Huobi’s financial health and its executives’ legal entanglements have fueled market speculation over the weekend. Huobi has been witnessing continued outflows from its total locked-up value (TVL), dropping to $2.4 billion from a level of $3 billion in July. As reported by FX168 Financial News, there have now been rumors…