PayPal has just announced that it is launching a stablecoin called PayPal USD (PYUSD). The stablecoin is set to be issued by Paxos Trust and will be pegged to the US Dollar. The company states that, as it rolls out this offering in the coming weeks, eligible customers will be able to: Transfer PayPal USD between […]
Tag: STO
PayPal to Launch Stablecoin Backed by US Dollar Deposits and T-Bills
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. PayPal, one of the biggest fintech companies in the world, is rolling out a stablecoin backed by US dollar deposits and Treasury bills, dubbed PayPal USD (PYUSD). The dollar-pegged asset is issued by Paxos, […]
Singapore Red Cross to Accept Donations in Bitcoin and Ethereum
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Singapore Red Cross teamed up with a local crypto payment service provider, Triple-A, to enable cryptocurrency donations. The organization’s support for cryptocurrency donations comes after their growing popularity and global accessibility. Singapore Red Cross […]
Block reports a 34% increase in its second-quarter Bitcoin revenue
Block reports market-beating results for its fiscal second quarter. It attributed nearly half of its quarterly revenue to Bitcoin sales. Shares of the fintech still ended nearly 15% down on Friday. Block Inc ended nearly 15% down on Friday even though it reported market-beating results for its second financial quarter. Bitcoin made up half of […]
Curve hacker returns part of the stolen assets
The hack that took place on July 30, resulted in Curve Finance losing $61 million in crypto assets. The hacker also targeted Alchemix’s alETH pools and Metronome’s msETH stealing assets worth $22.6 million and $3.4 million respectively. The hacker has returned at least $10 million worth of crypto assets to Alchemix’s multi-signature wallet. In an […]
SHIB Enjoys Market Momentum as Shiba Inu Ecosystem Expands Further
Bitcoin is holding comfortably above $29,000 ahead of the weekend as it trades at $29,150 at the time of writing. Ether, meanwhile, is exchanging hands at $1,835. This lull in Bitcoin trading could see some dramatic movement in the near future, as noted by digital asset analytics group K33` in a report earlier this week. […]
Revolut to terminate US crypto services due to regulatory challenges
Key takeaways Fintech firm Revolut is set to terminate its cryptocurrency services to users in the United States. The firm cited the current regulatory environment as the reason behind its exit. Revolut to halt crypto services in the US UK fintech firm Revolut has revealed that it would no longer provide cryptocurrency services to its […]
Ex Goldman Associates-Led Firm Launches T-Bills Backed Stablecoin
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Ondo Finance, an on-chain finance firm started by former Goldman Sachs associates, rolled out the USD Yield (USDY) today, the first-ever tokenized note backed by US Treasuries and bank deposits. The product will be […]
Crypto’s Influence on Sports: Exploring the Intersection of Finance and Athletics
The world of sports has undergone a remarkable transition as a result of the growing influence of cryptocurrency. As digital assets gain traction in the financial sector, their impact on the sporting domain cannot be overlooked. Cryptocurrencies are changing the way sports and economics connect, from sponsorship deals to fan involvement and athlete salary. This […]
Revolut Pulls the Plug on Crypto in US, Citing Regulatory Environment
Revolut, a London-based neobank, plans to wrap up its crypto trading offering to users in the United States by October 3, CoinDesk reported today (Friday). Users have until September 2 to purchase digital assets on the platform, and another one month to sell their crypto holdings. Revolut to Quit US Crypto Market According to CoinDesk, […]
