PayPal’s Stablecoin PYUSD Struggles with Adoption Challenges, On-Chain Data Shows
PayPal recently released stablecoin PayPal USD (PYUSD) is facing challenges gaining traction, on-chain data reveal. According to findings from blockchain analytics firm Nansen, roughly 90% of PYUSD is currently held in stablecoin issuer Paxos Trust's wallets. Holdings on crypto exchange wallet ...
Bybit to Introduce Spot Trading with PayPal’s USD Stablecoin (PYUSD)
Cryptocurrency exchange Bybit said it is ready to open spot trading with the PayPal USD (PYUSD) stablecoin in the near future. According to the exchange's statement, users can already make deposits in PYUSD, and the issue of listing the steiblcoin is already being addressed. Deposits and withd ...
“Jaredfromsubway”: The Most Profitable and Controversial MEV Bot in the Ethereum Network
The software owner's revenue exceeded $40 million But he also paid $34 million for gas Till now, it is the highest-performing MEV bot His transactions occur in 60% of all blocks in the Ethereum network In April, fees in the Ethereum ecosys ...
SEC Chairman States No Plans for New Crypto Asset Rules: Gary Gensler
In a recent interview, the chairman of the US Securities and Exchange Commission (SEC), Gary Gensler, clarified that the agency has no plans to introduce new rules for evaluating cryptocurrencies. Gensler emphasized that, aside from Bitcoin, the SEC considers all other crypto assets to be securit ...