PayPal Launches Custom Stablecoin Issuance Platform
@PayPal has launched the PYUSDx stablecoin developer platform, supported by PayPal USD (PYUSD), in collaboration with M0 and MoonPay. #Update #Crypto $USDT
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Algorand Appoints William Herkelrath as CEO
@Algorand appoints former Chainlink executive William Herkelrath as CEO to enhance its focus on institutional finance and quantum-resistant security. #Update #Crypto $ALGO
KYC Data Breaches Surge 300% Demand Change
Privacy-preserving identity verification systems could enhance security by allowing users to control their data, addressing vulnerabilities in KYC processes that attract hackers, according to Coin Center’s Laz Pieper. #Update #Crypto
Crypto Fund Launches Staking Feature for Higher Returns
@WallStreet’s new crypto fund features a staking option aimed at enhancing returns for investors, marking a significant development in institutional crypto investment strategies. #Update #Crypto $BTC $ETH
Bitcoin Taxed Like Stocks in Germany
Germany’s new draft bill proposes to tax bitcoin like stocks, maintaining tax-free gains for existing holdings after a 12-month period. #Update #Legal $BTC
Crypto Groups Urge Court to Halt Illinois Tax
@CryptoCouncil and Blockchain Association seek a preliminary injunction to block Illinois’ new tax law, following their recent lawsuit. #Update #Legal
Stablecoin Launches with U.S. Bank Test
@USBank is exploring its USBDC stablecoin for treasury payments and liquidity management after completing a live transaction. #Update #Crypto $USDC
AI Agents Solve $1 Million Math Problem
OpenAI claims 10,000 AI agents solved a Millennium Prize Problem, sparking debate among mathematicians about the independence of the solution. #Update #Crypto $OP
Crypto Fraud: 22-Year-Old Ringleader Pleads Guilty
Malone Lam, a 22-year-old from Singapore, pleaded guilty as the ringleader in a $245 million crypto fraud case involving the theft of 4,100 bitcoin through scams and home invasions. #Breaking #Legal $BTC
Bitcoin Soars as Iran Eases Currency Controls
Iran has eased currency controls, allowing exporters to use overseas earnings for direct import funding via cryptocurrency, bypassing the official foreign-exchange system. #Update #Crypto $BTC
Crypto Platforms Flagged for AML Lapses
India’s Financial Intelligence Unit (FIU-IND) issued non-compliance notices to 15 virtual digital asset service providers for anti-money laundering (AML) lapses. #Breaking #Legal $BTC
AI Researcher Quits Warns of Terminator Threat
@Anthropic researcher resigns, warning that AI could pose existential threats by the decade’s end, echoing themes from ‘The Terminator’ script. #Update #AI
Hunter Biden Defends Laptop Calls Trump Grift
Biden announces a token aimed at “resilience, redemption, and recovery,” distributing coins to nearly one million wallets affected by TRUMP losses. #Update #Crypto $USDT
Kimi Rattles Markets as U.S. Agencies Confirm Training
@Moonshot’s Kimi model, which previously impacted markets, is now under scrutiny as U.S. agencies accuse it and five other Chinese AI firms of extracting capabilities from American models. #Update #Legal