PayPal launches U.S. dollar-denominated stablecoin

PayPal has announced the introduction of a U.S. dollar-denominated stablecoin, PayPal USD (PYUSD), backed by U.S. dollar deposits, short-term U.S Treasuries, and similar cash equivalents. Issued by Paxos, PayPal USD is redeemable 1:1 for U.S. dollars.

OpenAI CEO Sam Altman’s digital identity project is now live; needs iris scans

Everything you want to know about worldcoin and how to get a World ID.

Apple has included bitcoin whitepaper in every version of macOS since 2018 — MacRumors

In every copy of macOS that has shipped since 2018, Apple has included the original Bitcoin whitepaper by Satoshi Nakamoto, and no-one seems to know why, writes Tim Hardwick. Here is the...

Cryptocurrencies add nothing useful to society, says chip-maker Nvidia: The Guardian

The US chip-maker Nvidia has said cryptocurrencies do not “bring anything useful for society”, writes The Guardian's Alex Hern. 

Goldman Sachs, MSCI, Coin Metrics collaborate to introduce datonomy classification for digital assets

Goldman Sachs, MSCI, and Coin Metrics has launched datonomy, a new classification system for the digital assets market.

Notebook Labs raises $3.3M

Notebook Labs, providers of a zero-knowledge identity infrastructure layer for Web3 protocols, has raised a $3.3 million seed round.

Synota raises $3M

Columus, Ohio-based Synota has raised a $3 million seed round.

Here’s what investors need to know about the latest crypto tax reporting rules for...

The IRS has released draft guidance for cryptocurrency and other digital asset reporting for 2022 tax returns, writes Kate Dore. 

Amberdata acquires Genesis Volatility

Amberdata, a provider of digital asset data, has acquired Genesis Volatility (GVol), a provider of institutional-grade crypto-options data analytics and research.

Apple tightens its rules on crypto and NFTs in its App Store — CNBC

All of this means that any sort of trading service for NFTs must use Apple’s in-app payment mechanism, writes Arjun Kharpal. 

Neal Stephenson’s Lamina1 drops white paper on building the open metaverse — VentureBeat

In the document, the company said its mission is to deliver a Layer 1 blockchain, interoperating tools and decentralized services optimized for the open metaverse, writes Dean Takahashi.

SpiderVille raises $1M

SpiderVille, a Web3 music startup, has raised a $1 million pre-seed round.

Tesla sold $936M of bitcoin, kept its Dogecoin reserves — CNET

Musk explained the sell-off was related to ongoing COVID lockdowns in China, writes Daniel Van Boom. Here is the link:

Quadrata raises $7.5M

Quadrata has raised a $7.5 million seed funding round. The investment was led by Dragonfly Capital.

Seth Green NFT theft part of multimillion-dollar scam campaign, investigator says — Vice

The theft raised questions on whether Green was still allowed to use the Bored Ape for the show or if he lost the copyright, writes Lorenzo Franceschi-Bicchierai.

RadioShack resurfaces with X-rated tweets from the retailer turned crypto swap platform – Ad...

RadioShack became a trending topic on social media Wednesday amid a series of X-rated tweets by the brand’s official Twitter account, writes Adrianne Pasquarelli.

Pentagon finds concerning vulnerabilities on blockchain — TechRepublic

A report commissioned by the Pentagon concluded that the blockchain is not decentralized, is vulnerable to attacks and is running outdated software, writes Ray Fernandez. Here is the link:

Hackers swipe $100 million in cryptocurrency from blockchain bridge Harmony — CBS

Hackers made off with about $100 million in cryptocurrency from a so-called blockchain bridge operated by Harmony, writes Kate Gibson. Here is the link:

Horizon Media launches standalone Metaverse and Web3 unit

Media agency Horizon Media has launched Chapter & Verse, a standalone unit dedicated to the Metaverse, Web3, NFTs, blockchain, cryptocurrency, and DAO communities.

Andreessen Horowitz announces new $4.5 billion crypto fund — Decrypt

Venture capital firm Andreessen Horowitz has raised $4.5 billion for its fourth cryptocurrency fund, bringing its total raised for crypto and blockchain investments to over $7.6 billion, writes Andrew Asmakov. Here is...

Tether pays out $10bn in withdrawals since start of crypto crash — The Guardian

Tether, the multibillion dollar “stablecoin” that functions as the largest bank in the cryptocurrency economy, has paid out $10 billion in withdrawals since the crypto crash started in early May, writes...

GameStop launches digital wallet for crypto

GameStop has launched a digital asset wallet, which the company says will let users store, send, receive and use cryptocurrencies and non-fungible tokens (NFTs) from within their web browsers. The GameStop Wallet...

Coinbase announces global crypto-native think tank

Coinbase has launched the Coinbase Institute, which the company says is a global crypto-native think tank grounded in evidence-based research.

South Africa’s Sinan Energy launches carbon tokenization blockchain platform — CoinGeek

A South African blockchain startup has launched a carbon tokenization blockchain platform which aims to spark the rise of renewable energy in the country, writes Steve Kaaru. Here is the link:

Bitcoin crash is crushing Coinbase. Stock plunges again — CNN

Coinbase shares plummeted more than 25% Wednesday and hit their lowest level ever, writes Paul R. La Monica. Here is the link:

Flow launches $725M Blockchain development fund with A16z, Digital Currency Group and other investors...

NBA Top Shot’s host blockchain, Flow, is getting a $725 million boost through a new ecosystem fund backed by its developer’s company’s investment arm, Dapper Ventures, and a high-profile group of...

Zynga hires Matt Wolf as VP of blockchain gaming

Zynga has appointed Matt Wolf as its vice president, Blockchain Gaming.

Alchemy raises $250M

Alchemy, a developer platform for blockchain and Web3, has raised a $250 million Series C round of funding.

DeFi bug accidentally gives $90 million to users, founder begs them to return it...

About $90 million has mistakenly gone out to users of Compound, a popular decentralized-finance staking protocol, and the founder is begging users to voluntarily return the tokens, writes MacKenzie Sigalos. Here is...

El Salvador has just started mining bitcoin using the energy from volcanoes — CNBC

El Salvador has mined 0.00599179 bitcoin, or about $269, with power harnessed from a volcano, in a first for the country, writes MacKenzie Sigalos. Here is the link:

Bitcoin and ether slide as China intensifies crackdown on cryptocurrencies — CNBC

The declines come after the People’s Bank of China said all crypto-related activities are illegal, writes Ryan Browne. Here is the link:

NFTs, explained — The Verge

What is an NFT, anyhow? Mitchell Clark explains beautifully:

SoftBank leads $680 million funding round in NFT fantasy soccer game Sorare — Reuters

Blockchain-based fantasy soccer game Sorare has raised $680 million in a funding round led by SoftBank, writes Elizabeth Howcroft. Here is the link:

El Salvador bought $21 million of bitcoin as it becomes first country to make...

El Salvador bought 400 bitcoin worth about $20.9 million, one day before it formally adopts the world’s most popular cryptocurrency as legal tender, writes Arjun Kharpal. Here is the link:

Simba Chain raises $25M

Blockchain startup Simba Chain has closed a $25 million Series A funding round.

Now that China has all but banned cryptocurrencies, GPU prices are falling like Bitcoin...

Prices for graphics processors in China have plummeted following the nation's crackdown on cryptocurrency mining, ownership, and trading, writes Katyanna Quach. Here is the link:

Mphasis, R3 partner to create blockchain-enabled payment solutions

Mphasis, an Information Technology (IT) solutions provider specializing in cloud and cognitive services, has inked an partnership with R3.

Square invests $50M in bitcoin

Square, the payments company with Jack Dorsey at the helm, has purchased approximately 4,709 bitcoins at an aggregate purchase price of $50 million.

Sixty Coinbase employees take buyout offer over “no politics” rule — Ars Technica

Sixty Coinbase employees have accepted a buyout offer after CEO Brian Armstrong announced a controversial new policy curbing political activism inside the company, writes Timothy Lee. Here is the link:

Bank of Thailand launches government savings bond on IBM Blockchain

Bank of Thailand (BOT), Thailand's central bank, has launched a blockchain-based platform for government savings bonds, issuing a total of $1.6 billion.

Steve Wozniak sues YouTube over ongoing bitcoin scams — The Verge

Steve Wozniak is suing YouTube for allowing scammers to use his name and likeness in phony bitcoin giveaways, writes Monica Chin. Here is the link:

Chainalysis raises $13M

Chainalysis, a blockchain analysis company, has raised $13 million to expand its Series B round.

Curv raises $23M

Digital asset security infrastructure provider Curv has raised $23 million in a Series A funding round.

Kvarøy Arctic using IBM Blockchain to trace Norwegian farmed salmon

IBM and Kvarøy Arctic are working together as part of the IBM Food Trust to enhance the traceability of its Arctic salmon.

Accenture awarded USPTO $50M BPA for designing search with Google machine learning

Accenture Federal Services has been awarded a position on the U.S. Patent and Trademark Office Intelligent Automation and Innovation Support Services (IAISS) blanket purchase agreement, a multi-award contract vehicle.

A blockchain expert is accused of helping North Korea’s leaders. But what would they...

Virgil Griffith must have known there was a chance that his decision to attend a cryptocurrency conference in North Korea was going to land him in trouble, writes Mike Orcutt. Here is...

PeerNova raises $31M

PeerNova has raised $31 million in funding.

CasperLabs raises $14.5M

CasperLabs, the open-source blockchain platform powered by the Correct-by-Construction (CBC) Casper proof-of-stake consensus protocol, has raised $14.5 million.

Someone just moved a billion dollars in bitcoin and no one knows why —...

Last week, an unknown person or group transferred 94,505 bitcoins valued at over $1 billion USD in a single transaction, writes Edward Ongweso Jr. Here is the link:

Off the block: IBM joins Hedera Hashgraph governing council — Crypto Briefing

The tech giant is now joining Hedera’s Governing Council, along with Tata Communications and a growing cast of council members, writes Darren Kleine. Here is the link: