PayPal’s PYUSD Stablecoin Drops 30% as Solana DeFi Incentives Decline
TL;DR PayPal’s PYUSD stablecoin has seen its market cap drop by 30% over the past month. The drop is due to declining incentives in Solana’s...
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LATEST NEWS ABOUT CRYPTOCURRENCIES
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Binance Aids in Uncovering $47.6 Million Gaming Scam in India
TL;DR Binance helped India track down a $47.6 million gaming scam and arrest four people. Victims were lured into online gambling but then lost access...
Caroline Ellison Sentenced to Two Years in Prison for Role in FTX Collapse
TL;DR Caroline Ellison, former CEO of Alameda Research, has been sentenced to two years in prison for her role in the collapse of FTX. In...
Kraken Expands European Presence with Acquisition of Dutch Crypto Broker BCM
TL;DR Strategic Expansion: Kraken acquires Coin Meester B.V. (BCM) to strengthen its presence in the European market, especially ahead of the upcoming MiCA regulations. Enhanced...
Upbit Moves User Data to AWS Servers in the U.S.: What This Means for Privacy
TL;DR Upbit will migrate user data storage to Amazon Web Services (AWS) servers in the United States starting October 1, 2024. The measure seeks to...
Bitfarms and Riot Platforms Announce Settlement Agreement
TL;DR Board Changes: Andrés Finkielsztain steps down from Bitfarms’ Board; Amy Freedman joins, bringing extensive experience in corporate governance. Standstill Agreement: Riot Platforms withdraws its...
Tether (USDT) Hits a Record $119.14 Billion
TL;DR Tether (USDT) market cap hit an all-time high of $119.14 billion. Its adoption rate has grown from 18% to 31% in the last year....
SynFutures Launches Election Perpetuals for the 2024 Elections
TL;DR SynFutures launches perpetual futures contracts for the 2024 US presidential election. Contracts allow betting with up to 10x leverage on Donald Trump or Kamala...
Alchemy Pay Integrates Google Pay into Its Virtual Card to Facilitate Crypto Payments
TL;DR Alchemy Pay updates its Virtual Card to enable crypto payments through Google Pay. The integration facilitates online and in-store payments, enhancing user experience and...
Bitget Enters Multi-Million Dollar Partnership with La Liga
TL;DR Bitget Partners with La Liga: Bitget, a leading crypto exchange, has entered a multi-million dollar partnership with La Liga, aiming to integrate blockchain technology...