Tag: Blockchain News

Buy, Sell, Trade Bitcoin with Credit Card & 100+ Cryptocurrencies @ BEST rates from multiple sources, Wallet-to-Wallet, Non-Custodial!

PayPal Expands PYUSD to Solana Blockchain for Lower-Cost Transactions

At Consensus 2024, PayPal Holdings, Inc. announced on May 29 that it would expand its stablecoin, PayPal USD (PYUSD), to the Solana blockchain. Paypal’s goal is to enhance transaction speeds and reduce costs, providing users greater flexibility and control. The integration will use Solana’s high-speed and low-cost infrastructure. PayPal USD is issued by Paxos Trust…
Read more

El Salvador’s Bitcoin and AI Adoption Plans Could 10x GDP by 2029

ARK Invest CEO Cathie Wood believes El Salvador’s Bitcoin and AI adoption plan could see its GDP tenfold in the next 5 years. In an X thread, Cathie Wood praised El Salvador’s transitions into an “oasis” for Bitcoin and AI adoption under Nayib Bukele’s presidency. “President Bukele’s determination to turn El Salvador into an oasis…
Read more

Mastercard Launches “Crypto Credential” To Replace Wallet Addresses With Usernames

Mastercard’s new “Crypto Credential” service has now gone live, making peer-to-peer crypto transfers far more intuitive for average users. The payment giant’s new service allows users of select crypto exchanges to send and receive digital assets using a Mastercard Crypto Credential Alias rather than blockchain addresses, which are long and confusing strings of random numbers…
Read more

Bitcoin Increasingly Relevant To Voters Ahead Of U.S. Presidential Election, Survey Says

Bitcoin’s relevance is increasing ahead of the 2024 U.S. Presidential election as Joe Biden and Donald Trump are expected to face off once more for the White House, according to a Tuesday survey by Grayscale. According to Grayscale’s survey, Bitcoin’s spotlight is growing partly due to geopolitical tensions, U.S. dollar risks, and inflation. 47% of…
Read more

Anurag Arjun, Co-founder of Avail, on Scaling Ethereum, The Future of L2s, Rollups, and Why Crypto Needs a Unification Layer | Ep. 338

In an exclusive interview with Cryptonews, Avail co-founder Anurag Arjun discussed rebranding Matic to Polygon and establishing Avail to provide the infrastructure for future crypto. Blockchain’s future is rollups, he argued, and we are about to see many more of them. To support that development, Avail is developing two essential components: the data availability (DA)…
Read more

Former FTX Exec Ryan Salame Gets 7.5 Years In Prison, Ordered To Pay $11 Million

Former FTX executive and Sam Bankman-Fried (SBF) associate Ryan Salame has been sentenced to 7.5 years in prison and a combined total of $11 million in forfeiture and restitution for criminal charges stemming from his time at SBF’s crypto exchange following a Tuesday morning hearing. Salame had originally requested a sentence of 18 months in…
Read more

NodeOps Raises $5 Million in Seed Round to Transform Node Infrastructure

NodeOps has secured $5 million in seed funding to enhance and simplify blockchain node deployment and management. According to a recent post by NodeOps on social media, the funding round was led by L1D with participation from Blockchain Founders Fund, Finality Capital, Oakgrave Ventures, Douple Peak Group, Momentum6, Bitscale Capital and others. 1/ We're excited…
Read more

TRON Founder Justin Sun Pushes For Pro-Crypto President Amid Trump, Biden Tensions

TRON founder Justin Sun is encouraging those in the blockchain sector to vote for the pro-crypto candidate as tensions heat up between Joe Biden and Donald Trump ahead of the 2024 U.S. presidential election. “We should support a presidential candidate who endorses cryptocurrencies,” Sun wrote in a statement on Sunday. “We need to demonstrate to…
Read more

Binance Sells Gopax’s Genesis Asset Rights at Steep Discount, Leading to Significant Losses

Binance, the largest shareholder of the South Korean cryptocurrency exchange Gopax, sold the asset claims of Gopax victims at less than half their face value on May 27. The discounted sale has led to substantial financial losses for investors, contradicting Binance’s earlier promise to fully compensate victims of the virtual asset deposit service ‘GoFi.’ The…
Read more

Donald Trump’s Crypto Wallet Holds $10 Million in Assets

A cryptocurrency wallet linked to former President Donald Trump, a leading Republican presidential candidate, reportedly holds assets worth approximately $10 million. According to blockchain data tracked by Arkham Intelligence, the wallet contains sizeable amounts of MAGA tokens, Ethereum (ETH), and MAGA VP tokens. Details of the Holdings BREAKING: Donald Trump now holds $10M in crypto…
Read more