Congresswoman Maxine Waters Says She’s ‘Deeply Concerned’ About PayPal’s New Stablecoin
The top Democrat on the House Financial Service Committee criticized PayPal’s plans in a statement on Wednesday.
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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.
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.
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.
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.
Aptos’ APT Token Slides Ahead of $30M Unlock
APT has decreased by over 3.2% in the past 24 hours performing worse than bitcoin (BTC) and ether (ETH), per CoinDesk market data.
It’s ChatGPT, but for Bitcoin: New AI Tool Avoids ‘Hallucinations’
An experimental version of the Bitcoin-focused AI chatbot was released on Thursday by Chaincode Labs, which says its new “ChatBTC” is less likely to give incorrect answers about the original cryptocurrency, or to “hallucinate” like the more popular (and generalist) ChatGPT.
Mantle Introduces New Governing Body for Treasury Management
The new layer 2 network passed a governance vote that establishes the Mantle Economics Committee as well as introduces more liquid staking into the ecosystem by authorizing liquid staking protocol Mantle LSD and the allocation of 40,000 ETH from its treasury to stETH.
NFT Trading Is Ice Cold But Developers Are Still Hot for Web3
This week, new reports were released that point to a major slowdown in NFT trading. Plus, Etihad Airways will soon let its community of frequent fliers stake NFTs for miles.
Global X Refiles Spot-Bitcoin ETF Application, Naming Coinbase as ‘Surveillance-Sharing’ Partner
The filing comes around the same time the firm requested permission to offer a bitcoin-future ETF.