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PayPal Launches PYUSD Stablecoin Backed by the US Dollar

PayPal Launches PYUSD Stablecoin Backed by the US Dollar

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PayPal has launched its own stablecoin called PayPal USD (PYUSD). PYUSD is fully backed by U.S. dollar deposits. It can be bought or sold on PayPal’s app or website for $1.00 per PYUSD. The stablecoin is designed to reduce friction for in-experience payments in virtual settings and allowing direct flows to developers. PayPal Launches PYUSD Stablecoin PayPal has launched its own stablecoin called PayPal USD (PYUSD). The...

Front page, News, Stablecoins

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Osmosis revamp

Osmosis Revamp

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Osmosis has recently undergone a revamp that has introduced new tokenomics and supercharged liquidity. The new tokenomics are designed to incentivize long-term holding and reduce volatility. The supercharged liquidity feature is designed to improve the efficiency of the Osmosis AMM. The automated market maker and decentralized cryptocurrency exchange Osmosis is preparing for its v16 Magnesium upgrade, which will introduce...

Altcoins, DeFi, DEX, Featured, News

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FTX reboot

FTX Reboot: A Possibility or a Far-Fetched Dream?

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FTX may reopen its crypto exchange operations FTX has recovered $7.3 billion in cash and crypto assets FTX’s token more than doubled in price on the reports of a potential reboot FTX CEO John Ray first floated the idea of a possible reboot in January FTX’s Recovery FTX has recovered $7.3 billion, and the failed exchange could relaunch, lawyers say. “The situation has stabilized, and the dumpster fire is...

Exchanges, Front page, Main, News

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UK Passes Bill Recognizing Crypto as Regulated Financial Activity

UK Passes Bill Recognizing Crypto as Regulated Financial Activity

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The UK has officially passed the Financial Services and Markets Act 2023 The bill recognizes crypto as a regulated financial activity within the country The act received royal assent and was approved by King Charles on Thursday The move places the UK ahead of the US in terms of acceptance UK brings regulations to crypto The Financial Services and Markets Bill (FSMB) received Royal Assent from King Charles on Thursday. The...

Blockchain, Crypto regulation, Cryptocurrencies, Front page, Main, News

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Blackrock

The Untold Story of BlackRock and Bitcoin

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In a recent Twitter thread by the popular technology and cryptocurrency influencer and popular communicator @Techconcatalina, it was revealed that BlackRock and other major banks have been quietly buying Bitcoin even before an ETF was available. While the SEC was busy accusing Binance and Coinbase, these banks were increasing their exposure to cryptocurrency. 🔸 El sexto banco más grande de Canadá 🇨🇦 COMPRO más de medio millón de...

Bitcoin, Front page, Main, News

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