PayPal USD links with LayerZero for transfers between Ethereum and Solana
PayPal’s US Dollar-pegged stablecoin has integrated cross-chain bridge LayerZero to allow native transfers of PYUSD between the two networks.
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New Bill to Outlaw Encryption Without Gov’t Backdoor in US Senate
Three Republican senators introduced a bill to end “warrant-proof” encryption on June 23. It invokes national security as a pretext for requiring device manufacturers and service providers to assist law enforcement by providing access to encrypted data.Pedophiles & national securityThe Lawful Access to Encrypted Data Act is sponsored by Lindsey Graham (R-SC), Tom Cotton (R-AR)…

Bitcoin Scam on YouTube Masquerades as Coinbase CEO AMA
A popular YouTube channel has been hijacked and is currently live-streaming a purported ask-me-anything (AMA) with Coinbase CEO Brian Armstrong.However, the stream, which appears to have been running for 12 hours at press time on April 6, is a scam, encouraging users to send Bitcoin (BTC) payments, with the promise of a non-existent 5,000 BTC…

Coinbase 'not aware' of any customer data breach after Au10tix credential leak
The compliance platform Au10tix said that although a credential was leaked, there is no evidence that it was used to obtain customer data, and Coinbase said it is unaware of any breach.

Crypto Scammers Turn Toward Terrorism With A Japanese Bomb Threat
A government building in Hokkaido received a bomb threat from a group of crypto terrorists. 287 Total views 1 Total shares Crypto terrorists threatened to bomb a government office on the Japanese island of Hokkaido. They told authorities that they would only disable the alleged explosive device if their crypto ransom was paid.According to FNN,…

‘This is on me’ — Robinhood CEO to lay off 23% of staff after Q2 loss
The online retail broker blamed the economy for a decline in user numbers and net revenue that fell 44% year-on-year, although revenue from crypto rose moderately this quarter. 289 Total views 6 Total shares Online brokerage Robinhood will lay off nearly a quarter of its employees, citing a continued deterioration of the macro environment and…

Crypto law firm loses appeal to force SEC’s hand on Ether classification
Hodl Law sued the SEC in 2022, claiming it could face the regulator’s ire for using Ethereum and wanted a court to force it to decide if ETH is a security.

Web3 adoption’s main issue: Seed phrases won’t work for 95% of mainstream users
Crypto wallets with easier sign-in options and recoverable passwords could become the industry standard in the future.

Fundstrat’s Tom Lee ‘Pleasantly Surprised’ by Recent Stability of Bitcoin
Fundstrat Global Advisors’ Bitcoin (BTC) analyst Tom Lee said that he is “pleasantly surprised” by the recent stability of BTC in an interview on CNBC’s Squawk Box Oct. 29.Lee expressed surprise at Bitcoin’s recent behavior given a recent 9 percent slump in equity markets. Lee said he expected that “Bitcoin volatility should be much higher”…