PayPal Receives SEC Subpoena Over PYUSD Stablecoin
PayPal Holdings Inc. has been issued a subpoena by the U.S. Securities and Exchange Commission (SEC) requesting information related to the company’s new PYUSD stablecoin.
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Crypto Lawyer Tips Ripple for Huge Win in $20M Deal
With a $20 million settlement being considered a legal victory for Ripple, the highly publicized court battle between the blockchain startup and the Securities and Exchange Commission (SEC) seems to be coming to an end.
Senator Lummis Vows to Block SEC’s Crypto Accounting Rule
Senator Cynthia Lummis is pushing back against the SEC’s increased oversight of the crypto industry, pledging to block a controversial accounting rule affecting digital asset companies.
Cryptocurrencies Surge as Bitcoin Reclaims $35K
The cryptocurrency market saw gains, led by Bitcoin reclaiming the $35,000 level. Altcoins also posted strong performance, with Ethereum near $1,900 and Binance Coin up almost 4%.
AI Crypto Render Network Launches Node Operator Incentives
The Render Network has introduced a new incentives program offering rewards to node operators who provide computing power for AI/ML projects on the network.
Has Stablecoin Supply Hit Bottom? Impacts Debated
The declining stablecoin supply appears to have leveled off, sparking debate on whether it signals growing crypto demand or more nuanced factors.
Major Whale Activity Rattles XRP and Bitcoin Markets
Significant transfers of XRP to exchanges and dormant Bitcoin wallets moving 6,500 BTC have sparked attention and volatility predictions.
Bitfinex Users Phished After Employee Account Hack
Crypto exchange Bitfinex suffered a “minor” security incident after a hacked employee led to phishing attacks against some client accounts.
Bloomberg Analyst: Blockchain Adoption Remains Strong
A Bloomberg analyst stated blockchain adoption has continued growing in bull and bear markets, projecting 100M daily users could come by 2028.
NFT Marketplace OpenSea Lays Off Around 50% Of Staff
Leading NFT platform OpenSea has cut around half of its employees as the NFT market remains depressed, with floor prices of major collections falling.