-
PayPal Completes First Corporate Payment Using PYUSD Stablecoin
PayPal has successfully completed its first business transaction using its own stablecoin, PayPal USD (PYUSD). But the exact payment amount was not disclosed. This highlights the steady use of crypto assets for payment purposes. Stablecoins Gain Momentum in Business According... -
21-Year-Old Indicted by DOJ in $37M Cyber Intrusion and Crypto Theft Case
A 21-year-old Indiana man has entered a guilty plea to charges of bitcoin theft and cyber intrusion in a large-scale scam that affected hundreds of victims. His acts included stealing cryptocurrencies valued at over $37 million, as well as personal... -
Russia and China Deepen Strategic Partnership and Economic Ties Amid Global Challenges
Recently, Russian President Vladimir Putin marked the 75th anniversary of the People’s Republic of China with a heartfelt message celebrating the enduring partnership between Russia and China. He praised the strong bond the two nations share, especially in their economic... -
Over 80% of 2022 Crypto Startups Are Still Active Despite Market Challenges
On October 1, a report showed that over 80% of crypto startups that raised funds in 2022 are still active despite the turbulence in the crypto market. This is notable considering the numerous high-profile failures in the crypto sector during... -
Hang Seng Index Rises to Multi-Month Highs on China Stimulus Optimism
The Hang Seng Index rose over 6% today and continued its winning streak to six trading sessions amid the continued optimism over economic stimulus in China. The country has announced many measures to support its sputtering economy which has led... -
Digital Asset Platforms Suffer Significant Losses in 2024 Amid Growing Cybersecurity Risks
A recent report from Cyvers illuminates the rising financial vulnerabilities facing digital asset platforms, both centralized and decentralized. In the first nine months of 2024, these platforms have already lost $2.114 billion to cyber threats, surpassing the total loss of... -
China-Russia Partnership Grows, Heightening U.S. Challenges in Asia and the Middle East
At the UN General Assembly, Frederick Kempe, CEO of the Atlantic Council, emphasized two critical issues: the growing China-Russian relationship and uncertainties around US leadership. He and former State Secretary Condoleezza Rice issued a warning about growing threats to the... -
Survey Shows 20% of Russians Have Used Cryptocurrency
A recent survey conducted by a local financial marketplace showed that almost 20% of Russians have experimented with cryptocurrency, highlighting growing curiosity about digital assets. Majority Have Not Invested in Crypto Russia’s state-run TASS news agency revealed that the study... -
NIO Stock Rises to Highest Level Since January Amid China Stimulus Optimism
Chinese electric vehicle (EV) maker NIO (NYSE: NIO) gained over 25% last week amid the broad-based rally in Chinese tech shares. The stock has risen to the highest level since January even though it is still negative for the year... -
US Seizes Crypto Domains Tied to Russian Money Laundering Worth $800 Million
The US Department of Justice (DOJ) has taken control of several cryptocurrency domains involved in a significant Russian money laundering operation. The domains belong to three crypto exchanges, UAPS, PM2BTC, and Cryptex, which have allegedly facilitated over $800 million in...
