PayPal disclosed nearly $1 billion in cryptocurrencies on its balance sheet in a 10-Q filing with the SEC. The company indicated that it holds $943 million worth of customer assets in bitcoin, ether, bitcoin cash and litecoin on its balance sheet. A 10-Q filing is a quarterly financial performance report mandated by the SEC to disclose financial information.  From the end of last year, t…

[PRESS RELEASE – Seattle, USA / Washington, May 22nd, 2023] LOVESNOOPY, a meme coin inspired by the beloved original dog character Snoopy, has announced the burning of 65% of its total supply on May 21st, which, when combined with previous burns, amounts to 85.0246% tokens burned. The current price of $0.00000005928, the market capitalization of LOVESNOOPY stands at approximately $8.26 million US…

Core DAO is merging proof-of-work (PoW) and delegated proof-of-stake (DPoS) with the hope of solving the blockchain trilemma. The blockchain trilemma refers to the trade-offs layer-1 solutions must make when building a blockchain network. Between optimal security, scalability and decentralization, networks must only choose two out of the three elements. Ethereum, for example, prioritizes se…

Siphon Lab, a cryptocurrency DeFi startup, recently completed a successful $1.2 million seed round of funding in advance of its beta launch. Waveline Capital, BT Growth Capital, Uno Ventures, Quidnet Ventures, Mava Ventures, and other well-known angel investors in the web3 and web2 industries also contributed to the fundraising, which Kima Ventures led. To address the rising demand for its servi…

Nigeria’s crypto community celebrates the approval of the National Blockchain Policy, set to impact governance, digital identity management and e-payments.

The Hong Kong Monetary Authority is looking at retail CBDC use cases, such as the equity release of tokenized real estate assets with Ripple’s new CBDC product.

General Meta Network (GMN), a pioneering crypto project, is set to transform the gaming world with its extensive gaming library and bespoke blockchain designed exclusively for video games. By establishing a niche that empowers both gamers and developers, GMN aims to become one of the biggest and most competitive gaming platforms in the market. GMN’s 360° platform connects a global gaming comm…

JPMorgan is “persistently” discriminating against its own clients and closing bank accounts without warning, according to Republican attorneys general from 19 states. The law enforcement officials, led by Kentucky Attorney General Daniel Cameron, sent a letter to JPMorgan CEO Jamie Dimon stating that the banking giant’s practices go against the company’s own policies on equality. …

New evidence suggests that Ripple's XRP token may not be classified as security, according to SEC's recently unearthed internal emails

The U.S. Securities and Exchange Commission (SEC) has mysteriously removed former commissioner William Hinman’s biography from its website. This occurs only 8 days before the court requires the SEC to provide unredacted copies of all of Hinman’s emails – widely viewed as paramount to the agency’s lawsuit with crypto industry giant Ripple.  Are Hinman’s Emails the Smoking Gun? On the SEC’s site, H…