PayPal’s PYUSD stablecoin debuts on Kraken, set to Trade from August 21

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• FTX digital assets sale gets the green light from court

  Description Delaware’s judicial hallways echoed with the thud of a gavel as the verdict came down, granting FTX the power to embark on its significant digital assets sale. And in the fast-paced, always-on world of cryptocurrency, a ruling like this is more than just a legal gesture—it’s a testament to the changing landscape of finance and … Read more Delaware’s judicial hallways echoed with the thud of a gavel as the verdict came down, granting FTX the power to embark on its significant digital assets sale. And in the fast-paced, always-on world of cryptocurrency, a ruling like this is more than just a legal gesture—it’s a testament to the changing landscape of finance and digital assets. The Nuances of the Sale: Beyond the Surface FTX’s digital inventory boasts an impressive array of digital assets, but it won’t be an all-out fire sale. No, the court, under Judge John Dorsey’s watchful eye, has meticulously stipulated how the sales should proceed. Initial sales will bypass powerhouse tokens like Bitcoin and Ethereum, as well as specific insider-affiliated tokens, which always come with their…

  Article 2023年9月15日

• JPMorgan challenges Paypal, Square with new venture

  TL;DR Breakdown JPMorgan is launching a digital payroll processing feature to attract small businesses. They’re partnering with San Francisco-based fintech firm Gusto for this venture. This move is JPMorgan’s answer to fintech companies like PayPal and Square, which offer similar services. The service will be comprehensive, handling salaries, tax documents, pay stubs, and other related filings. Description It’s no secret: the digital realm has become the battleground for financial giants. As fintech companies continue to revolutionize the sector, traditional banks are forced to adapt, evolve, or risk becoming obsolete. Enter JPMorgan, not merely as a spectator but a fierce contender, with its latest venture aimed squarely at the heart of the fintech … Read more It’s no secret: the digital realm has become the battleground for financial giants. As fintech companies continue to revolutionize the sector, traditional banks are forced to adapt, evolve, or risk becoming obsolete. Enter JPMorgan, not merely as a spectator but a fierce contender, with its latest venture aimed squarely at the heart of the fintech universe. Pushing Boundaries with Gusto In a bold move to…

  Article 2023年9月15日

• New phishing wave targets creditors as Celsius Network’s bankruptcy nears conclusion

  TL;DR Breakdown Creditors have fallen prey to a new wave of phishing attacks as Celsius Network’s bankruptcy proceedings approach their final stages. Users have reported receiving phishing emails claiming to be from Celsius. Scammers have also been impersonating Stretto, the claims agent responsible for managing the bankruptcy case. Description Creditors have fallen prey to a new wave of phishing attacks as Celsius Network’s bankruptcy proceedings approach their final stages, adding to the woes of customers who have been awaiting resolution since the crypto lender halted withdrawals in June 2022. Reports on social media have revealed an alarming surge in phishing attacks, with scammers impersonating … Read more Creditors have fallen prey to a new wave of phishing attacks as Celsius Network’s bankruptcy proceedings approach their final stages, adding to the woes of customers who have been awaiting resolution since the crypto lender halted withdrawals in June 2022. Reports on social media have revealed an alarming surge in phishing attacks, with scammers impersonating Stretto, the bankruptcy services platform for Celsius and its creditors. Contents hide 1 Phishing attempts escalate 2 Ongoing…

  Article 2023年9月21日

• U.S debt ceiling: President Biden and Republicans strive for consensus amid partisan divisions

  TL;DR Breakdown President Biden is negotiating with Republicans to raise the U.S. debt ceiling by June 5 to avoid a default. Discussions are stuck on work requirements for welfare programs like Medicaid and SNAP. Any agreement needs Congressional approval, which could take over a week as the June 5 deadline approaches. President Joe Biden, a Democrat, alongside key Republican representatives, is grappling with the precarious issue of raising the U.S. government’s formidable $31.4 trillion debt ceiling. Unless appropriate action is taken, the Treasury Department’s red flag warning of a potential default by June 5 has created a pressure cooker environment. Weeks of negotiations have seen the two sides wrestling over the government’s self-imposed borrowing limit while Republicans push vehemently for a considerable slash in spending. The implications of failing to strike a deal are daunting. The United States, the world’s largest economy, could face a catastrophic financial default that would not only shake domestic markets but also rattle the foundation of the global financial system. On Friday, Biden signaled hope, expressing optimism about the negotiations. Echoing this sentiment, Republican Representative…

  Article 2023年5月30日

• National Australia Bank reveals drastic measures to protect customers from crypto scams

  TL;DR Breakdown One of the key steps outlined by NAB is the blocking of certain cryptocurrency platforms, citing high levels of scam risk within the industry. Although the bank did not disclose the names of the specific cryptocurrency exchanges that will be affected, Chris Sheehan, NAB’s executive for group investigations and fraud, mentioned that the blocks would target “high-risk” platforms known for prevalent scam activities. The bank highlighted the rapid growth of cryptocurrency-related scams, with Australians losing over $221 million to such schemes in the previous year. Description On July 17, National Australia Bank (NAB) made an announcement regarding its new measures to protect customers from fraud as part of its “bank-wide scam strategy.” One of the key steps outlined by NAB is the blocking of certain cryptocurrency platforms, citing high levels of scam risk within the industry. The bank revealed that it … Read more On July 17, National Australia Bank (NAB) made an announcement regarding its new measures to protect customers from fraud as part of its “bank-wide scam strategy.” One of the key steps outlined by NAB…

  Article 2023年7月17日