PayPal’s Real Stablecoin Strategy: It Wants to Earn Interest on Your Deposits
High U.S. Treasury interest rates are a powerful short-term motivator. Everything else is theory.
Former FTX Exec Ryan Salame Talking to Prosecutors About Plea Deal: Bloomberg
It was not known whether Salame would cooperate with prosecutors and testify against FTX co-founder and CEO Sam Bankman-Fried.
Desperately Seeking Crypto’s Killer App
When you take away the speculation, what Web3 services actually deliver utility for users?
Crypto Market Leaders and Laggards: The Biggest Movers of the Week
Stellar (XLM), XRP (XRP) and Shiba Inu (SHIB) were notable winners from the last week, while Curve Finance (CRV) and Augur (REP) struggled. The market is down overall, according to CoinDesk Market Index, but only marginally compared to recent growth.
Lessons of a $37M Attack: How a Ukrainian Payment Processor Was Hacked
CoinsPaid, a crypto payment processing company with Ukrainian roots, fell a victim to a social engineering attack, thought to have emanated from Lazarus, a North Korean hacking group.
Bavaria’s Data Regulator Had Not Concluded Assessment of Worldcoin When the Project Launched
The Sam Altman co-founded project has been shut down in Kenya over privacy concerns.
PayPal’s New Stablecoin and the ‘2 Wolves’ Inside Crypto
Crypto is racked by competing ideologies, methods of building and differing aims. (Robert Larsson/Unsplash, modified by CoinDesk)
Sam Bankman-Fried Will Still Face Campaign Finance-Related Charge, Justice Department Says
The U.S. Department of Justice still plans to argue that Sam Bankman-Fried conducted an “illegal campaign finance” scheme when it goes to trial in October, prosecutors said Tuesday, two weeks after saying they couldn’t bring a campaign finance charge against the FTX founder due to treaty obligations.
Two Months in El Salvador: The Ground Game for Bitcoin Adoption
A graduate student on leave from the Wharton School checks in on the first country to adopt Bitcoin as legal tender. Are locals buying it?
Crypto News Today: PayPal’s Stablecoin Debut, Worldcoin’s Kenyan Hurdles, and More
From PayPal’s entry into the stablecoin market to regulatory challenges faced by Worldcoin in Kenya, the crypto world continues to be a blend of innovation and controversy.