American financial technology company PayPal launched a new stablecoin called PayPal USD (PYUSD) on Aug. 7. The U.S. dollar-pegged stablecoin will be issued by Paxos Trust Co. and fully backed by U.S. dollar deposits, short-term Treasurys and […]
Despite a brief rally, the XRP (XRP) price did not reach anticipated levels after a recent favorable court ruling for the token. Among those with ambitious price targets for the cryptocurrency is pro-XRP lawyer John […]
Three main elements in the Hooked ecosystem are gamified learning, a mechanism for incentives and an integrated infrastructure of businesses. Hooked Protocol follows a three-pronged approach to incentivize Web3 adoption: Gamified learning Hooked Protocol has […]
A blockchain security firm tried to warn users of an imminent rug pull surrounding a crypto project, but investors became angry and fired back. The firm rescinded the security alert. Then, the project it accused […]
Amid growing uncertainty among decentralized finance (DeFi) protocols around exposure to Curve, Aave Chan founder Marc Zeller has proposed the Aave treasury buy $2 million worth of Curve DAO Token (CRV) from Curve founder Michael […]
The transition from Web2 to Web3 is reshaping the technology landscape and attracting the attention of developers. Despite the challenges faced during the current crypto winter, the Web3 ecosystem continued to onboard new developers, with […]
FTX has outlined its intended reorganization plan, which will categorize claimants of the bankrupt exchange into specific classes and pave the way for the exchange to become operational as an offshore entity. Dockets filed on […]
The Chinese city of Shanghai issued an implementation plan on July 31 to promote the development of its urban blockchain digital infrastructure system in the time frame of 2023–2025. The announcement says the plan was […]
According to a July 28 court filing, the United States Department of Justice (DOJ) is seeking the revocation of Sam Bankman-Fried’s (SBF) bail, accusing him of attempting to tamper with witnesses and leaking Caroline Ellison’s […]
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. The past week in DeFi was dominated […]
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