Stablecoin issuer Paxos has published the first transparency report for the Ethereum-based stablecoin PayPal USD (PYUSD), stating that the coin is fully backed by assets. According to the report, the total assets held in PayPal USD custody “meet or exceed the token balance,” with total tokens outstanding amounting to $44.4 million as of Aug. 31, 2023. The total notional position…
The Open Network (TON) Blockchain’s native token TON surged 12.6% overnight, per CoinGecko data, after Telegram endorsed the blockchain platform as its choice for Web3 endeavours. Telegram’s Chief Investment Officer, John Hyman, along with the TON Blockchain team, announced that the TON Web3 wallet has been officially integrated with Telegram at the Token2049 conference in Singapore on Tuesday. The token’s…
Ripple Labs built its XRP token on a centralized system. But with legal action against Ripple coming to a close, it could move toward a more open platform. Source: https://cointelegraph.com/public/index.php/news/ripple-staring-down-opportunity-fix-mistake
BTC investor sentiment turns increasingly bullish after this week’s quick rebound from a sharp price correction. Source: https://cointelegraph.com/public/index.php/news/bitcoin-derivatives-data-suggests-btc-holds-current-range
Decentralized identities and layer-2 solutions are some of the “gaps” in Cardano that the Emurgo team is working to fill, according to its founder and CEO. Cointelegraph Magazine editor Andrew Fenton spoke with Ken Kodama, the founder and CEO of Emurgo — which is one of the three entities governing Cardano. Kodama talked about shifting their current approach into a…
Brad Garlinghouse says Singapore, the U.K., the UAE and Switzerland are jurisdictions with “smart” crypto policies that he thinks the U.S. should adopt. Source: https://cointelegraph.com/app/public/index.php/news/ripple-ceo-dont-start-crypto-company-in-us
The Nasdaq stock exchange has submitted an application to the Securities and Exchange Commission (SEC) seeking approval to list an Ethereum Exchange-Traded Fund (ETF) offered by Hashdex, an asset management company. This ETF is designed to include a combination of spot ether holdings and futures contracts in its portfolio and pioneering a new approach to cryptocurrency investment within the regulatory…
Popular messaging app Telegram has finally unveiled a crypto wallet nearly three years after it first revealed plans to build a Web3 ecosystem. The wallet was unveiled during the ongoing Token2049 event in Singapore. Telegram unveils TON based self custody wallet integration. Source:X The crypto wallet is developed on the Open Network (TON) blockchain and is now available to its 800…
Brad Garlinghouse says Singapore, the U.K., the UAE and Switzerland are jurisdictions with “smart” crypto policies that he thinks the U.S. should adopt. Source: https://cointelegraph.com/public/index.php/news/ripple-ceo-dont-start-crypto-company-in-us
Crypto exchange Coinbase has confirmed its decision to integrate layer 2 payment protocol Lightning Network as users seek faster and cheaper Bitcoin (BTC) transactions. Lighting Network (LN) was created to help solve Bitcoin’s scalability problem and to compete against newer cryptocurrency projects that promised comparatively faster and cheaper transactions. Up until recently, major crypto exchanges, including Coinbase and Binance, revealed…
