Crypto stocks surge alongside Bitcoin price rally
Crypto stocks’ strong performance was largely attributed to growing bets that Donald Trump will win the presidential election.
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Google Cloud is now a validator on the Polygon network
According to Polygon, “the same infrastructure used to power YouTube and Gmail” will help secure its network. 1555 Total views 11 Total shares Polygon Labs announced on Sept. 29 that Google Cloud has joined the Polygon proof-of-stake network as a validator. Google Cloud joins over 100 other validators verifying transactions on its layer-2 Ethereum network. This
Crypto Biz: PayPal’s stablecoin goes live, Bitstamp seeks capital, and Coinbase’s L2
In a move that can reshape the digital payments landscape, financial technology giant PayPal has unveiled its United States dollar-pegged stablecoin PayPal USD (PYUSD). In line with expectations, the launch has ignited a complex debate within the crypto community.Ethereum’s daily active user base hovers between 300,000 to 400,000, which is a fraction of PayPal’s colossal user…
Cardano’s Chang hard fork successful as it shifts to decentralized governance
The upgrade will transform Cardano governance over the next few months, enabling ADA holders to participate in the voting process.
CargoSmart, Tesla and Cosco to Pilot Blockchain Tech in Cargo Release Process
CargoSmart, the software wing of the Hong Kong-based Orient Overseas Container Line, aims to transform the cargo release process using its new blockchain application.According to a report published by Splash 247 on April 7, CargoSmart partnered with Cosco, Shanghai International Port Group (SIPG), and the electric vehicle and clean energy behemoth Tesla to conduct a…
DeFi lending platform Aave reveals ‘permissioned pool’ for institutions
Designed for institutional investors, the lending pool will feature KYC and AML restrictions. 4511 Total views 17 Total shares The banks are out of the bag: In a Tweet on Wednesday, Stani Kulechov, co-founder of decentralized finance money market protocol Aave, revealed that the Aave protocol has built a “private pool” for institutions to “practice”…
Florida man escapes paying a $4.5M SEC penalty over a crypto Ponzi scheme
The founder of the Argyle Coin Ponzi scheme has escaped paying a $4.5 million penalty to the SEC for operating a “web of fraudulent companies.” 4388 Total views 19 Total shares The founder of a multi-million crypto Ponzi scheme has escaped paying a $4.5 million penalty to the U.S. Securities and Exchange Commission. On March…
Bitcoiners Are Not Looking for a Store of Value, Gold Bug Adam Schiff Says
Although Bitcoin holders often describe the asset as a store of value, gold advocate Peter Schiff said such participants do not actually seek wealth storage, hunting instead for profit. A known gold enthusiast, financial commentator Peter Schiff said Bitcoin (BTC) holders are not actually looking to the asset as a storage of wealth — one…
Over 41.5% of Mt. Gox Bitcoin distributed as creditors continue to hodl
Despite receiving over $4 billion worth of Bitcoin, which has appreciated by over 8,500% in the 10 years since Mt. Gox collapsed, the exchange's creditors continue to hold their assets.