Discord bot closes 🚫, Busan: blockchain city 🇰🇷, PayPal launches PYUSD stablecoin 🚀
Daily Crypto, Blockchain & Web3 Update 2023-09-21
CRYPTOCURRENCY
Discord crypto trading bot shuts down after ‘critical exploit’ (2 min read)
None Trading, a trading tool for cryptocurrencies and nonfungible tokens (NFT) built on Discord, has shut down due to a “critical exploit” within its infrastructure. The bot was valued at $16.5 million during its token debut last month.
Crypto payment firm Alchemy Pay wins money transmitter license in US (2 min read)
Cryptocurrency payment gateway Alchemy Pay is expanding its global presence after securing a major payment license in the United States.
Alchemy Pay has joined the ranks of crypto firms like Coinbase and Jack Dorsey’s Block in securing a Money Transmitter License in Arkansas.
Bitcoin energy pivot achieves what ‘few industries can claim’, Bloomberg analyst (3 min read)
The Bitcoin network has grown, but the mining industry hasn't caused a big increase in carbon emissions like other industries have. This is according to a Bloomberg analyst.
Busan is developing an Ethereum-compatible mainnet to become a ‘blockchain city’ (2 min read)
South Korea’s second-largest city, Busan, is developing a public blockchain network compatible with mainstream blockchain platforms, such as Ethereum and Cosmos. The aim is to integrate blockchain-based services from various blockchain mainnets onto a single platform at the city level and develop Busan into a blockchain city.
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eToro secures crypto registration in Cyprus to expand in EU (2 min read)
Cryptocurrency-friendly brokerage firm eToro is expanding its crypto services worldwide after securing new regulatory approval in Europe.
According to eToro deputy CEO Hedva Ber, Europe is “hugely important” for the firm as the majority of eToro users are based in the region.
PayPal rolls out PYUSD stablecoin to Venmo users (2 min read)
Major United States-based payment processor PayPal has announced its PYUSD stablecoin is now available on Venmo.
The payments platform said PayPal USD will be “rolling out fully in the coming weeks” after announcing its launch on Venmo.
Optimism to sell $160M in OP tokens to 7 purchasers via private sale (3 min read)
Optimism, a scaling solution for Ethereum, will sell 116 million OP tokens to seven private buyers to manage their treasury.
At current prices, the sale will see $159 million worth of OP tokens change hands.
Phishing victim sends eye-watering $4.5M in USDT to scammer (3 min read)
An unwitting cryptocurrency holder has reportedly fallen victim to an eye-watering $4.46 million phishing scam.
According to data from Etherscan, $4.46 million in Tether (USDT) was withdrawn from a Kraken crypto exchange wallet and eventually sent to an address ending in “ACa7.”
Tether stablecoin loans rise in 2023 despite downsizing announcement in 2022 (2 min read)
Tether, the largest stablecoin issuer in the crypto market, has seen a rise in its stablecoin lending, or secured loans, in 2023, despite the firm having announced it will cut such loans down to zero in December 2022.
UK politicians don metaverse avatars as they share Web3 roadmap (3 min read)
British politicians recently spoke in the metaverse to global leaders from 51 nations. They discussed the United Kingdom's plans for the blockchain and Web3 industries.
Troubled crypto exchange JPEX applies for deregistration in Australia (2 min read)
Troubled Hong Kong crypto exchange JPEX has applied for deregistration in Australia. The unlicensed exchange allegedly solicited more than $128 million from users before being reprimanded by the Hong Kong Securities and Futures Commission.
Apple, Goldman Sachs drop plans for trading app: Report (3 min read)
Apple and Goldman Sachs scrapped plans to launch an app for futures trading, CNBC reported on Sept. 19, citing people familiar with the plans.
Initial plans called for a 2022 rollout, but economic conditions caused the project to reportedly be shelved last year.