PayPal’s PYUSD stablecoin hits $1B market cap
PYUSD is competing with rivals such as Circle’s USDC and Tether’s USDT.
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Immutable shuts NFT marketplace, why Web3 gaming needs its own Steam: Nifty Newsletter
Immutable has wound down its NFT marketplace to allow marketplaces within its ecosystem to flourish.

EU Report Considers Blockchain-Based Digital Identities, Tokenized National Currencies
In its latest report released on Dec. 7, the European Union Blockchain Observatory and Forum (EUBOF) made a case for a blockchain-based digital identity system and digital versions of national currencies.The report was prepared by blockchain software technology firm ConsenSys AG on behalf of the EUBOF, and focuses on the analysis of what blockchain properties…

3 reasons why the CFTC action against BitMEX will not crash Bitcoin price
Within the last few hours Bitcoin (BTC) price plummeted as the U.S. Commodities and Futures Trading Commission (CFTC) charged BitMEX with facilitating money laundering and operating an illegal cryptocurrency derivatives exchange. An even larger shock occurred as authorities announced the arrest of Samuel Reed, one of the co-founders of BitMEX.BitMEX has been the most dominant Bitcoin…

Bitcoin miner Greenidge signs $74M debt restructuring agreement with NYDIG
The deal, if executed, would essentially restructure the company into a hosting firm for Bitcoin mining rigs. 1312 Total views 17 Total shares Own this piece of crypto history Collect this article as NFTAccording to a new filing with the U.S. Securities and Exchange Commission on Dec. 20, Bitcoin (BTC) miner Greenidge stated that it…

Bank of England will get more power in regulating stablecoins
The United Kingdom government could rebalance the power between the Bank of England and the country’s principal financial regulator, the Financial Conduct Authority. 333 Total views 12 Total shares The United Kingdom government could rebalance the power between the Bank of England (BoE) and the country’s principal financial regulator, the Financial Conduct Authority (FCA), in…

Third OKEx Trading Contest Offers $150K in Prizes
The OKEx crypto exchange will host its third Elite Team Trading Contest starting from August 10. 1917 Total views 16 Total shares Cryptocurrency exchange OKEx announced the official launch of its third “Elite Team Trading Contest”, which will offer a total jackpot of 150,000 USDT in prizes.According to the announcement, the contest, which starts on…

G7 will block Libra launch until regulations in place
“No global stablecoin project should begin operation until it adequately addresses relevant legal, regulatory, and oversight requirements.” 620 Total views 9 Total shares In a draft of a statement expected to be released tomorrow, countries representing the world’s largest economies said that they would initially oppose the launch of Facebook’s Libra project.According to an Oct.…