The Monetary Authority of Singapore (MAS), the country’s central bank, has announced that it is committing up to 150 million Singapore dollars (around $112 million), to support various financial technology solutions like Web3. In an announcement, MAS highlighted that the funds will be spent in three years under its renewed Financial Sector Technology and Innovation (FSTI) scheme. According to the announcement,…
PayPal is taking another step into the crypto industry, rolling out its very own stablecoin called PayPal USD. Issued by Paxos Trust Co., the dollar-pegged stablecoin is expected to become “a part of the overall payments infrastructure,” PayPal CEO Dan Schulman told Bloomberg. PayPal USD is reportedly backed by short-term treasuries, dollar deposits, and cash equivalents. PayPal and Paxos did…
Financial technology company PayPal launched a new crypto stablecoin called PayPal USD (PYUSD) on Aug. 7. The new stablecoin will be issued by Paxos Trust Co. and fully backed by United States dollar deposits, short-term Treasuries and similar cash equivalents, according to a Bloomberg report. The firm said that the new stablecoin will be available soon to the United States customers.…
Coinbase CEO Brian Armstrong’s comments to a question about the USD Coin (USDC) stablecoin during the company’s second-quarter earning calls raised some eyebrows. While commenting on the market cap of USDC, Armstrong quipped that Binance moved some of its funds from USDC into another stablecoin, but despite that, the market cap of USDC has held up. “Binance actually moved some…
Decentralized asset management platform Valio has launched publicly, according to an announcement from the platform’s team. The new protocol allows users to have their funds managed by professional traders but without having to trust these traders as custodians. The app’s launch is initially taking place on the Abitrum and Optimism networks. Valio previously launched in a whitelisted version on July…
Worldcoin has been in the spotlight since its launch on July 24 with users lining up to scan their irises for a digital ID, and others questioning its methods for collecting data. The project is built on the premise of supplying users with a digital ID via an iris scan that can be used for instant verification online and in…
Bitcoin is frustratingly calm and volatility is near historic lows — what could provide BTC price action with fresh fuel to discover a trend this week? Source: https://cointelegraph.com/public/index.php/news/btc-price-cpi-volatility-collapses-5-things-bitcoin
We’re thrilled to announce that Bricks (BRICK) and Moons (MOON) start trading today on Kraken! Funding and trading BRICK and MOON funding is live now and trading starts later today. Add BRICK and MOON to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit. Only deposit MOON and BRICK tokens using the Arbitrum Nova network. Deposits…
Universities have a “critical” role to play in terms of nurturing the next generation of Web3 talent, and the academe must understand it to guide students toward the right vision, according to Czhang Lin, the CEO of Web3 venture fund LBank Labs. On Aug 2, the venture capital firm announced the winners of its Summer Bootcamp competition for university students.…
In today’s fast-paced world, productivity is key to success in various industries. Thankfully, advancements in artificial intelligence (AI) have led to the development of powerful language models like ChatGPT. This AI assistant can help professionals streamline their tasks, gain insights and boost overall productivity. This article will explore 11 ChatGPT prompts tailored to specific professions, enabling maximum productivity in various…
