PayPal Appoints New CEO Amidst Stablecoin Expansion

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• Fine Dining with Elite Company At EDCON 2023 – Podgorica

  Some of Edcons participants went to bed after volunteering at Edcon all day. The other participants salute them for their service. Others went to the center of Montenegro’s capital to try to network and were quickly moving from one place to another, bars, nightclubs but no real events. Still others met at the Sky Bar of the Hilton Hotel with whoever would show up. These were the default situations of many participants the evening of day 0 at Edcon. Many lost participants would end up in the nightclub Biro with its extremely loud music and red lights making it difficult to network. But then the community got to organizing. A Telegram channel was made to share all of the side events and a web3 event page was made. https://www.web3event.org/topic/49#Topic A few notable side events took place, we shall describe some here: Testera XWinner On the evening of day 0 of Edcon, around 60 participants in the know were at Testera’s after party getting to know each other and networking. Testera opened up its office and terrace for this side event…

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• US top 23 banks pass severe recession test: Report

  TL;DR Breakdown The American central bank has announced that all 23 of the country’s largest banks have passed the “stress tests” and would be able to withstand a severe recession. The purpose of these tests is to assess potential losses in the banking industry if there were to be a significant rise in unemployment and a severe contraction in economic activity. Earlier this year, the American banking system experienced a significant upheaval with the collapse of several high-profile banks, including Silicon Valley Bank, Signature Bank, Silvergate Bank, and First Republic Bank.  Description In a recent report issued on June 28, the American central bank announced that all 23 of the country’s largest banks have passed the “stress tests” and would be able to withstand a severe recession. However, the report also highlighted some weaknesses among midsize and regional banks in the US, although they were not required … Read more In a recent report issued on June 28, the American central bank announced that all 23 of the country’s largest banks have passed the “stress tests” and would be able…

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• Justin Sun accuses Huobi’s founder’s brother of freeloading on HT token

  Crypto entrepreneur Justin Sun accused Li Wei of acquiring tons of Huobi Tokens (HT) for free and selling them for millions to cash out on the platform. Wei is the brother of Huobi’s exchange founder Li Lin. In a May 16 Twitter thread, Sun claimed Wei received the HT tokens at zero costs when it was initially distributed. The Tron (TRX) founder alleged that Wei has been selling them on Huobi since then — making huge profits. Sun did not provide further information on the amount Wei made from the HT token sales. However, Sun has promised to end this by recovering and destroying the remaining tokens with Wei through the help of the Huobi Global Advisory Committee and the HT DAO community. According to Sun, the committee will engage Wei to negotiate a refund in the best interest of the HT DAO community. He noted that Wei did not contribute anything to the community, so he shouldn’t have access to the tokens. “We believe in fairness and the importance of rewarding those who genuinely contribute to the growth and…

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• Ben Armstrong exits BitBoy crypto amid internal strife and speculation

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