PayPal Stablecoin News is a Paxos White Label Branding Play
A PayPal-branded USD stablecoin by Paxos has been announced today and will be rolled out to U.S. customers in the coming weeks.
News
Kenyan Police Raided Worldcoin's Warehouse and Seized 'Machines That Store Data'
A team of police officers raided a warehouse run by the Worldcoin cryptocurrency in Nairobi and left with machines they believe stores data gathered by the firm, reported local media outlets.
European Bitcoiners Can Still Challenge FATF's Travel Rule on Constitutional Grounds
"I think the international crypto community should realize that is has the opportunity to challenge the travel rule of the FATF here in Europe before the European General Court under rules of annullment. But you must be quick."
Voltage Partners with Human Rights Foundation to Help Dissidents, NGOs Accept Bitcoin Donations
"HRF and BTCPay Server experts will remain the helping hands that activists actively speak with. Voltage will partner on the back end, making node management, liquidity, uptime, and troubleshooting simple and easy."
Nearly Half of Block's $5.5 Billion Q2 Revenue Came From Bitcoin Sales
Block Inc. reported gross profit of $1.87 billion in Q2 2023 - a 27% year-over-year increase. $2.4 billion of its total $5.5 billion Q2 net revenue came from Bitcoin sales.
Ilya Lichtenstein and Razzlekhan Pleaded Guilty to Bitfinex 2016 Heist and Money Laundering Conspiracy
A married couple from New York City pleaded guilty to money laundering conspiracies arising from the hack and theft of approximately 120,000 bitcoin from Bitfinex.
Fitch Downgraded U.S. Long-Term Debt Citing Structural Concerns About U.S. Budget Deficits
Fitch Ratings cut the United States’ long-term foreign currency issuer default rating to AA+ from AAA.
Tether Bought 1529 BTC in Q2, Holds More US Treasuries Than Australia
Tether Excess Reserves increased by 850M to reach $3.3B as it revealed $72.5B overall exposure in US T-Bills. The company also increased its Bitcoin holdings to more than 54000 BTC.
Following Scrutiny in Kenya and Europe, Worldcoin Says It Will Let Interested 3rd Parties Use Its ID System
Kenya suspended Worldcoin activities, while the project also has fallen under investigation in France, UK, and Germany. Worldcoin says it will continue rolling out operations in "all the parts of the world that will accept us" and admitted that plans to sell collected data to interested parties.
MicroStrategy Acquired 467 BTC in July, Prepares to Raise Up To $750M More
MicroStrategy now holds 152,800 BTC, and the company's recent financial filings hint at more upcoming bitcoin purchases.
Someone Used Rewards Bug on Stacker.News to Withdraw 20M Sats
"The site went down after midnight last night following our recent changes. The root cause was a bug in rewards introduced by upgrading our ORM," k00b wrote.
Coinbase Is Still 'Looking Into How To Best Add Lightning'
After saying that Coinbase will integrate Lightning back in April, CEO Brian Armstrong repeated that the largest exchange in the United States is still evaluating options for its forthcoming Lightning integration.