\u201cThis is the state of the crypto justice system,\u201d<\/em> tweeted<\/a> one user, adding, \u201cThis is the fault of blockchains not having governance and defense in depth built directly into the blockchain protocol level.\u201d<\/em><\/p>\n\n\n\n Some suggested that the assault might be another action by the Lazarus group, a North Korean hacker cell known for recent high-profile exploits.<\/p>\n","post_title":"Curve Finance Hacker's Missed Deadline Triggers $1.8M Bounty","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"curve-finance-hackers-missed-deadline-triggers-1-8m-bounty","to_ping":"","pinged":"","post_modified":"2023-08-08 00:30:36","post_modified_gmt":"2023-08-07 14:30:36","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12976","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Blockchain security firm PeckShield tweeted that the stolen crypto amounted to $73.5 million, with $53.5 million (73%) already returned. <\/p>\n\n\n\n The team offered the exploiters a \"10% bounty of any stolen funds\" <\/em>in exchange for returning the rest. They gave a deadline of August 6 at 8 am UTC. Representatives from Curve Finance MetronomeDAO, and Alchemix sent a warning to the bad actor. The message simply says that if they reject the bounty, the teams will \u201cexpand the bounty to the public,\u201d<\/em> offering the same amount to whoever leads to the perpetrator.<\/p>\n\n\n\n Blockchain security firm PeckShield tweeted that the stolen crypto amounted to $73.5 million, with $53.5 million (73%) already returned. <\/p>\n\n\n\n Curve Finance states <\/a>that whoever aids in identifying the exploiter and contributes to their legal conviction will be rewarded. The informer receives a 10% reward from the remaining stolen funds, about $20 million. <\/p>\n\n\n\n The team offered the exploiters a \"10% bounty of any stolen funds\" <\/em>in exchange for returning the rest. They gave a deadline of August 6 at 8 am UTC. Representatives from Curve Finance MetronomeDAO, and Alchemix sent a warning to the bad actor. The message simply says that if they reject the bounty, the teams will \u201cexpand the bounty to the public,\u201d<\/em> offering the same amount to whoever leads to the perpetrator.<\/p>\n\n\n\n Blockchain security firm PeckShield tweeted that the stolen crypto amounted to $73.5 million, with $53.5 million (73%) already returned. <\/p>\n\n\n\n Curve Finance states <\/a>that whoever aids in identifying the exploiter and contributes to their legal conviction will be rewarded. The informer receives a 10% reward from the remaining stolen funds, about $20 million. <\/p>\n\n\n\n The team offered the exploiters a \"10% bounty of any stolen funds\" <\/em>in exchange for returning the rest. They gave a deadline of August 6 at 8 am UTC. Representatives from Curve Finance MetronomeDAO, and Alchemix sent a warning to the bad actor. The message simply says that if they reject the bounty, the teams will \u201cexpand the bounty to the public,\u201d<\/em> offering the same amount to whoever leads to the perpetrator.<\/p>\n\n\n\n Blockchain security firm PeckShield tweeted that the stolen crypto amounted to $73.5 million, with $53.5 million (73%) already returned. <\/p>\n\n\n\n PayPal becomes the first leading U.S. fintech company to launch a stablecoin. The company has been working on the project since early 2022. Paxos, PayPal USD issuer, will publish monthly Reserve Reports on the stablecoin. <\/p>\n","post_title":"PayPal Expands Crypto Services With A Dollar-Backed Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-expands-crypto-services-with-a-dollar-backed-stablecoin","to_ping":"","pinged":"","post_modified":"2023-08-08 23:29:44","post_modified_gmt":"2023-08-08 13:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12990","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12976,"post_author":"15","post_date":"2023-08-08 00:30:31","post_date_gmt":"2023-08-07 14:30:31","post_content":"\n Curve Finance states <\/a>that whoever aids in identifying the exploiter and contributes to their legal conviction will be rewarded. The informer receives a 10% reward from the remaining stolen funds, about $20 million. <\/p>\n\n\n\n The team offered the exploiters a \"10% bounty of any stolen funds\" <\/em>in exchange for returning the rest. They gave a deadline of August 6 at 8 am UTC. Representatives from Curve Finance MetronomeDAO, and Alchemix sent a warning to the bad actor. The message simply says that if they reject the bounty, the teams will \u201cexpand the bounty to the public,\u201d<\/em> offering the same amount to whoever leads to the perpetrator.<\/p>\n\n\n\n Blockchain security firm PeckShield tweeted that the stolen crypto amounted to $73.5 million, with $53.5 million (73%) already returned. <\/p>\n\n\n\n The launch of PayPal USD expands the scope of PayPal's inroads in crypto. It comes after the company recently enabled purchases of digital assets for Venmo users. PayPal started integrating crypto in early 2021. Users can buy, hold, or sell major digital assets via the payment platform.<\/p>\n\n\n\n PayPal becomes the first leading U.S. fintech company to launch a stablecoin. The company has been working on the project since early 2022. Paxos, PayPal USD issuer, will publish monthly Reserve Reports on the stablecoin. <\/p>\n","post_title":"PayPal Expands Crypto Services With A Dollar-Backed Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-expands-crypto-services-with-a-dollar-backed-stablecoin","to_ping":"","pinged":"","post_modified":"2023-08-08 23:29:44","post_modified_gmt":"2023-08-08 13:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12990","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12976,"post_author":"15","post_date":"2023-08-08 00:30:31","post_date_gmt":"2023-08-07 14:30:31","post_content":"\n Curve Finance states <\/a>that whoever aids in identifying the exploiter and contributes to their legal conviction will be rewarded. The informer receives a 10% reward from the remaining stolen funds, about $20 million. <\/p>\n\n\n\n The team offered the exploiters a \"10% bounty of any stolen funds\" <\/em>in exchange for returning the rest. They gave a deadline of August 6 at 8 am UTC. Representatives from Curve Finance MetronomeDAO, and Alchemix sent a warning to the bad actor. The message simply says that if they reject the bounty, the teams will \u201cexpand the bounty to the public,\u201d<\/em> offering the same amount to whoever leads to the perpetrator.<\/p>\n\n\n\n Blockchain security firm PeckShield tweeted that the stolen crypto amounted to $73.5 million, with $53.5 million (73%) already returned. <\/p>\n\n\n\n PayPal says the stablecoin will minimize payment friction in virtual environments. The stablecoin will enable fast transfers and direct flows among Web 3.0 participants.PayPal USD will be an ERC-20 token<\/a> running on the Ethereum network. Consumers, developers, and merchants can seamlessly use the stablecoin to bridge fiat and digital assets.<\/p>\n\n\n\n The launch of PayPal USD expands the scope of PayPal's inroads in crypto. It comes after the company recently enabled purchases of digital assets for Venmo users. PayPal started integrating crypto in early 2021. Users can buy, hold, or sell major digital assets via the payment platform.<\/p>\n\n\n\n PayPal becomes the first leading U.S. fintech company to launch a stablecoin. The company has been working on the project since early 2022. Paxos, PayPal USD issuer, will publish monthly Reserve Reports on the stablecoin. <\/p>\n","post_title":"PayPal Expands Crypto Services With A Dollar-Backed Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-expands-crypto-services-with-a-dollar-backed-stablecoin","to_ping":"","pinged":"","post_modified":"2023-08-08 23:29:44","post_modified_gmt":"2023-08-08 13:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12990","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12976,"post_author":"15","post_date":"2023-08-08 00:30:31","post_date_gmt":"2023-08-07 14:30:31","post_content":"\n Curve Finance states <\/a>that whoever aids in identifying the exploiter and contributes to their legal conviction will be rewarded. The informer receives a 10% reward from the remaining stolen funds, about $20 million. <\/p>\n\n\n\n The team offered the exploiters a \"10% bounty of any stolen funds\" <\/em>in exchange for returning the rest. They gave a deadline of August 6 at 8 am UTC. Representatives from Curve Finance MetronomeDAO, and Alchemix sent a warning to the bad actor. The message simply says that if they reject the bounty, the teams will \u201cexpand the bounty to the public,\u201d<\/em> offering the same amount to whoever leads to the perpetrator.<\/p>\n\n\n\n Blockchain security firm PeckShield tweeted that the stolen crypto amounted to $73.5 million, with $53.5 million (73%) already returned. <\/p>\n\n\n\n PayPal says the stablecoin will minimize payment friction in virtual environments. The stablecoin will enable fast transfers and direct flows among Web 3.0 participants.PayPal USD will be an ERC-20 token<\/a> running on the Ethereum network. Consumers, developers, and merchants can seamlessly use the stablecoin to bridge fiat and digital assets.<\/p>\n\n\n\n The launch of PayPal USD expands the scope of PayPal's inroads in crypto. It comes after the company recently enabled purchases of digital assets for Venmo users. PayPal started integrating crypto in early 2021. Users can buy, hold, or sell major digital assets via the payment platform.<\/p>\n\n\n\n PayPal becomes the first leading U.S. fintech company to launch a stablecoin. The company has been working on the project since early 2022. Paxos, PayPal USD issuer, will publish monthly Reserve Reports on the stablecoin. <\/p>\n","post_title":"PayPal Expands Crypto Services With A Dollar-Backed Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-expands-crypto-services-with-a-dollar-backed-stablecoin","to_ping":"","pinged":"","post_modified":"2023-08-08 23:29:44","post_modified_gmt":"2023-08-08 13:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12990","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12976,"post_author":"15","post_date":"2023-08-08 00:30:31","post_date_gmt":"2023-08-07 14:30:31","post_content":"\n Curve Finance states <\/a>that whoever aids in identifying the exploiter and contributes to their legal conviction will be rewarded. The informer receives a 10% reward from the remaining stolen funds, about $20 million. <\/p>\n\n\n\n The team offered the exploiters a \"10% bounty of any stolen funds\" <\/em>in exchange for returning the rest. They gave a deadline of August 6 at 8 am UTC. Representatives from Curve Finance MetronomeDAO, and Alchemix sent a warning to the bad actor. The message simply says that if they reject the bounty, the teams will \u201cexpand the bounty to the public,\u201d<\/em> offering the same amount to whoever leads to the perpetrator.<\/p>\n\n\n\n Blockchain security firm PeckShield tweeted that the stolen crypto amounted to $73.5 million, with $53.5 million (73%) already returned. <\/p>\n\n\n\n PayPal USD rollout begins on Monday to eligible customers in the U.S. Customers can transfer the stablecoin between PayPal and supported wallets, make payments, and fund purchases. They can also convert PayPal\u2019s supported cryptocurrencies to and from the stablecoin.<\/p>\n\n\n\n PayPal says the stablecoin will minimize payment friction in virtual environments. The stablecoin will enable fast transfers and direct flows among Web 3.0 participants.PayPal USD will be an ERC-20 token<\/a> running on the Ethereum network. Consumers, developers, and merchants can seamlessly use the stablecoin to bridge fiat and digital assets.<\/p>\n\n\n\n The launch of PayPal USD expands the scope of PayPal's inroads in crypto. It comes after the company recently enabled purchases of digital assets for Venmo users. PayPal started integrating crypto in early 2021. Users can buy, hold, or sell major digital assets via the payment platform.<\/p>\n\n\n\n PayPal becomes the first leading U.S. fintech company to launch a stablecoin. The company has been working on the project since early 2022. Paxos, PayPal USD issuer, will publish monthly Reserve Reports on the stablecoin. <\/p>\n","post_title":"PayPal Expands Crypto Services With A Dollar-Backed Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-expands-crypto-services-with-a-dollar-backed-stablecoin","to_ping":"","pinged":"","post_modified":"2023-08-08 23:29:44","post_modified_gmt":"2023-08-08 13:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12990","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12976,"post_author":"15","post_date":"2023-08-08 00:30:31","post_date_gmt":"2023-08-07 14:30:31","post_content":"\n Curve Finance states <\/a>that whoever aids in identifying the exploiter and contributes to their legal conviction will be rewarded. The informer receives a 10% reward from the remaining stolen funds, about $20 million. <\/p>\n\n\n\n The team offered the exploiters a \"10% bounty of any stolen funds\" <\/em>in exchange for returning the rest. They gave a deadline of August 6 at 8 am UTC. Representatives from Curve Finance MetronomeDAO, and Alchemix sent a warning to the bad actor. The message simply says that if they reject the bounty, the teams will \u201cexpand the bounty to the public,\u201d<\/em> offering the same amount to whoever leads to the perpetrator.<\/p>\n\n\n\n Blockchain security firm PeckShield tweeted that the stolen crypto amounted to $73.5 million, with $53.5 million (73%) already returned. <\/p>\n\n\n\n PayPal CEO and president Dan Schulman says, \"The shift toward digital currencies requires a stable instrument that is both digitally native and easily connected to fiat currency like the U.S. dollar.\"<\/em><\/p>\n\n\n\n PayPal USD rollout begins on Monday to eligible customers in the U.S. Customers can transfer the stablecoin between PayPal and supported wallets, make payments, and fund purchases. They can also convert PayPal\u2019s supported cryptocurrencies to and from the stablecoin.<\/p>\n\n\n\n PayPal says the stablecoin will minimize payment friction in virtual environments. The stablecoin will enable fast transfers and direct flows among Web 3.0 participants.PayPal USD will be an ERC-20 token<\/a> running on the Ethereum network. Consumers, developers, and merchants can seamlessly use the stablecoin to bridge fiat and digital assets.<\/p>\n\n\n\n The launch of PayPal USD expands the scope of PayPal's inroads in crypto. It comes after the company recently enabled purchases of digital assets for Venmo users. PayPal started integrating crypto in early 2021. Users can buy, hold, or sell major digital assets via the payment platform.<\/p>\n\n\n\n PayPal becomes the first leading U.S. fintech company to launch a stablecoin. The company has been working on the project since early 2022. Paxos, PayPal USD issuer, will publish monthly Reserve Reports on the stablecoin. <\/p>\n","post_title":"PayPal Expands Crypto Services With A Dollar-Backed Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-expands-crypto-services-with-a-dollar-backed-stablecoin","to_ping":"","pinged":"","post_modified":"2023-08-08 23:29:44","post_modified_gmt":"2023-08-08 13:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12990","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12976,"post_author":"15","post_date":"2023-08-08 00:30:31","post_date_gmt":"2023-08-07 14:30:31","post_content":"\n Curve Finance states <\/a>that whoever aids in identifying the exploiter and contributes to their legal conviction will be rewarded. The informer receives a 10% reward from the remaining stolen funds, about $20 million. <\/p>\n\n\n\n The team offered the exploiters a \"10% bounty of any stolen funds\" <\/em>in exchange for returning the rest. They gave a deadline of August 6 at 8 am UTC. Representatives from Curve Finance MetronomeDAO, and Alchemix sent a warning to the bad actor. The message simply says that if they reject the bounty, the teams will \u201cexpand the bounty to the public,\u201d<\/em> offering the same amount to whoever leads to the perpetrator.<\/p>\n\n\n\n Blockchain security firm PeckShield tweeted that the stolen crypto amounted to $73.5 million, with $53.5 million (73%) already returned. <\/p>\n\n\n\n PayPal has announced<\/a> the launch of a new stablecoin, PayPal USD (PYUSD). The stablecoin<\/a> is 100% backed by the U.S. dollar, short-term U.S. treasuries, and associated cash equivalents. The company says the stablecoin is redeemable at 1:1 for U.S. dollars. <\/p>\n\n\n\n PayPal CEO and president Dan Schulman says, \"The shift toward digital currencies requires a stable instrument that is both digitally native and easily connected to fiat currency like the U.S. dollar.\"<\/em><\/p>\n\n\n\n PayPal USD rollout begins on Monday to eligible customers in the U.S. Customers can transfer the stablecoin between PayPal and supported wallets, make payments, and fund purchases. They can also convert PayPal\u2019s supported cryptocurrencies to and from the stablecoin.<\/p>\n\n\n\n PayPal says the stablecoin will minimize payment friction in virtual environments. The stablecoin will enable fast transfers and direct flows among Web 3.0 participants.PayPal USD will be an ERC-20 token<\/a> running on the Ethereum network. Consumers, developers, and merchants can seamlessly use the stablecoin to bridge fiat and digital assets.<\/p>\n\n\n\n The launch of PayPal USD expands the scope of PayPal's inroads in crypto. It comes after the company recently enabled purchases of digital assets for Venmo users. PayPal started integrating crypto in early 2021. Users can buy, hold, or sell major digital assets via the payment platform.<\/p>\n\n\n\n PayPal becomes the first leading U.S. fintech company to launch a stablecoin. The company has been working on the project since early 2022. Paxos, PayPal USD issuer, will publish monthly Reserve Reports on the stablecoin. <\/p>\n","post_title":"PayPal Expands Crypto Services With A Dollar-Backed Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-expands-crypto-services-with-a-dollar-backed-stablecoin","to_ping":"","pinged":"","post_modified":"2023-08-08 23:29:44","post_modified_gmt":"2023-08-08 13:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12990","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12976,"post_author":"15","post_date":"2023-08-08 00:30:31","post_date_gmt":"2023-08-07 14:30:31","post_content":"\n Curve Finance states <\/a>that whoever aids in identifying the exploiter and contributes to their legal conviction will be rewarded. The informer receives a 10% reward from the remaining stolen funds, about $20 million. <\/p>\n\n\n\n The team offered the exploiters a \"10% bounty of any stolen funds\" <\/em>in exchange for returning the rest. They gave a deadline of August 6 at 8 am UTC. Representatives from Curve Finance MetronomeDAO, and Alchemix sent a warning to the bad actor. The message simply says that if they reject the bounty, the teams will \u201cexpand the bounty to the public,\u201d<\/em> offering the same amount to whoever leads to the perpetrator.<\/p>\n\n\n\n Blockchain security firm PeckShield tweeted that the stolen crypto amounted to $73.5 million, with $53.5 million (73%) already returned. <\/p>\n\n\n\n PayPal has announced<\/a> the launch of a new stablecoin, PayPal USD (PYUSD). The stablecoin<\/a> is 100% backed by the U.S. dollar, short-term U.S. treasuries, and associated cash equivalents. The company says the stablecoin is redeemable at 1:1 for U.S. dollars. <\/p>\n\n\n\n PayPal CEO and president Dan Schulman says, \"The shift toward digital currencies requires a stable instrument that is both digitally native and easily connected to fiat currency like the U.S. dollar.\"<\/em><\/p>\n\n\n\n PayPal USD rollout begins on Monday to eligible customers in the U.S. Customers can transfer the stablecoin between PayPal and supported wallets, make payments, and fund purchases. They can also convert PayPal\u2019s supported cryptocurrencies to and from the stablecoin.<\/p>\n\n\n\n PayPal says the stablecoin will minimize payment friction in virtual environments. The stablecoin will enable fast transfers and direct flows among Web 3.0 participants.PayPal USD will be an ERC-20 token<\/a> running on the Ethereum network. Consumers, developers, and merchants can seamlessly use the stablecoin to bridge fiat and digital assets.<\/p>\n\n\n\n The launch of PayPal USD expands the scope of PayPal's inroads in crypto. It comes after the company recently enabled purchases of digital assets for Venmo users. PayPal started integrating crypto in early 2021. Users can buy, hold, or sell major digital assets via the payment platform.<\/p>\n\n\n\n PayPal becomes the first leading U.S. fintech company to launch a stablecoin. The company has been working on the project since early 2022. Paxos, PayPal USD issuer, will publish monthly Reserve Reports on the stablecoin. <\/p>\n","post_title":"PayPal Expands Crypto Services With A Dollar-Backed Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-expands-crypto-services-with-a-dollar-backed-stablecoin","to_ping":"","pinged":"","post_modified":"2023-08-08 23:29:44","post_modified_gmt":"2023-08-08 13:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12990","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12976,"post_author":"15","post_date":"2023-08-08 00:30:31","post_date_gmt":"2023-08-07 14:30:31","post_content":"\n Curve Finance states <\/a>that whoever aids in identifying the exploiter and contributes to their legal conviction will be rewarded. The informer receives a 10% reward from the remaining stolen funds, about $20 million. <\/p>\n\n\n\n The team offered the exploiters a \"10% bounty of any stolen funds\" <\/em>in exchange for returning the rest. They gave a deadline of August 6 at 8 am UTC. Representatives from Curve Finance MetronomeDAO, and Alchemix sent a warning to the bad actor. The message simply says that if they reject the bounty, the teams will \u201cexpand the bounty to the public,\u201d<\/em> offering the same amount to whoever leads to the perpetrator.<\/p>\n\n\n\n Blockchain security firm PeckShield tweeted that the stolen crypto amounted to $73.5 million, with $53.5 million (73%) already returned. <\/p>\n\n\n\n PayPal has announced<\/a> the launch of a new stablecoin, PayPal USD (PYUSD). The stablecoin<\/a> is 100% backed by the U.S. dollar, short-term U.S. treasuries, and associated cash equivalents. The company says the stablecoin is redeemable at 1:1 for U.S. dollars. <\/p>\n\n\n\n PayPal CEO and president Dan Schulman says, \"The shift toward digital currencies requires a stable instrument that is both digitally native and easily connected to fiat currency like the U.S. dollar.\"<\/em><\/p>\n\n\n\n PayPal USD rollout begins on Monday to eligible customers in the U.S. Customers can transfer the stablecoin between PayPal and supported wallets, make payments, and fund purchases. They can also convert PayPal\u2019s supported cryptocurrencies to and from the stablecoin.<\/p>\n\n\n\n PayPal says the stablecoin will minimize payment friction in virtual environments. The stablecoin will enable fast transfers and direct flows among Web 3.0 participants.PayPal USD will be an ERC-20 token<\/a> running on the Ethereum network. Consumers, developers, and merchants can seamlessly use the stablecoin to bridge fiat and digital assets.<\/p>\n\n\n\n The launch of PayPal USD expands the scope of PayPal's inroads in crypto. It comes after the company recently enabled purchases of digital assets for Venmo users. PayPal started integrating crypto in early 2021. Users can buy, hold, or sell major digital assets via the payment platform.<\/p>\n\n\n\n PayPal becomes the first leading U.S. fintech company to launch a stablecoin. The company has been working on the project since early 2022. Paxos, PayPal USD issuer, will publish monthly Reserve Reports on the stablecoin. <\/p>\n","post_title":"PayPal Expands Crypto Services With A Dollar-Backed Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-expands-crypto-services-with-a-dollar-backed-stablecoin","to_ping":"","pinged":"","post_modified":"2023-08-08 23:29:44","post_modified_gmt":"2023-08-08 13:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12990","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12976,"post_author":"15","post_date":"2023-08-08 00:30:31","post_date_gmt":"2023-08-07 14:30:31","post_content":"\n Curve Finance states <\/a>that whoever aids in identifying the exploiter and contributes to their legal conviction will be rewarded. The informer receives a 10% reward from the remaining stolen funds, about $20 million. <\/p>\n\n\n\n The team offered the exploiters a \"10% bounty of any stolen funds\" <\/em>in exchange for returning the rest. They gave a deadline of August 6 at 8 am UTC. Representatives from Curve Finance MetronomeDAO, and Alchemix sent a warning to the bad actor. The message simply says that if they reject the bounty, the teams will \u201cexpand the bounty to the public,\u201d<\/em> offering the same amount to whoever leads to the perpetrator.<\/p>\n\n\n\n Blockchain security firm PeckShield tweeted that the stolen crypto amounted to $73.5 million, with $53.5 million (73%) already returned. <\/p>\n\n\n\n PayPal has announced<\/a> the launch of a new stablecoin, PayPal USD (PYUSD). The stablecoin<\/a> is 100% backed by the U.S. dollar, short-term U.S. treasuries, and associated cash equivalents. The company says the stablecoin is redeemable at 1:1 for U.S. dollars. <\/p>\n\n\n\n PayPal CEO and president Dan Schulman says, \"The shift toward digital currencies requires a stable instrument that is both digitally native and easily connected to fiat currency like the U.S. dollar.\"<\/em><\/p>\n\n\n\n PayPal USD rollout begins on Monday to eligible customers in the U.S. Customers can transfer the stablecoin between PayPal and supported wallets, make payments, and fund purchases. They can also convert PayPal\u2019s supported cryptocurrencies to and from the stablecoin.<\/p>\n\n\n\n PayPal says the stablecoin will minimize payment friction in virtual environments. The stablecoin will enable fast transfers and direct flows among Web 3.0 participants.PayPal USD will be an ERC-20 token<\/a> running on the Ethereum network. Consumers, developers, and merchants can seamlessly use the stablecoin to bridge fiat and digital assets.<\/p>\n\n\n\n The launch of PayPal USD expands the scope of PayPal's inroads in crypto. It comes after the company recently enabled purchases of digital assets for Venmo users. PayPal started integrating crypto in early 2021. Users can buy, hold, or sell major digital assets via the payment platform.<\/p>\n\n\n\n PayPal becomes the first leading U.S. fintech company to launch a stablecoin. The company has been working on the project since early 2022. Paxos, PayPal USD issuer, will publish monthly Reserve Reports on the stablecoin. <\/p>\n","post_title":"PayPal Expands Crypto Services With A Dollar-Backed Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-expands-crypto-services-with-a-dollar-backed-stablecoin","to_ping":"","pinged":"","post_modified":"2023-08-08 23:29:44","post_modified_gmt":"2023-08-08 13:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12990","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12976,"post_author":"15","post_date":"2023-08-08 00:30:31","post_date_gmt":"2023-08-07 14:30:31","post_content":"\n Curve Finance states <\/a>that whoever aids in identifying the exploiter and contributes to their legal conviction will be rewarded. The informer receives a 10% reward from the remaining stolen funds, about $20 million. <\/p>\n\n\n\n The team offered the exploiters a \"10% bounty of any stolen funds\" <\/em>in exchange for returning the rest. They gave a deadline of August 6 at 8 am UTC. Representatives from Curve Finance MetronomeDAO, and Alchemix sent a warning to the bad actor. The message simply says that if they reject the bounty, the teams will \u201cexpand the bounty to the public,\u201d<\/em> offering the same amount to whoever leads to the perpetrator.<\/p>\n\n\n\n Blockchain security firm PeckShield tweeted that the stolen crypto amounted to $73.5 million, with $53.5 million (73%) already returned. <\/p>\n\n\n\n The Lazarus Group has an extensive record of involvement in crypto exchange hacks. This history includes the theft of $100 million from Harmony's Horizon Bridge and a massive $625 million cryptocurrency theft from the Ronin Network, an Ethereum-based sidechain designed for the popular play-to-earn game Axie Infinity.<\/p>\n","post_title":"North Korean Hackers Target Bitcoin Cash-Out, FBI Issues Warning to Crypto Firms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-korean-hackers-target-bitcoin-cash-out-fbi-issues-warning-to-crypto-firms","to_ping":"","pinged":"","post_modified":"2023-08-27 20:24:40","post_modified_gmt":"2023-08-27 10:24:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13095","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12990,"post_author":"21","post_date":"2023-08-08 23:29:14","post_date_gmt":"2023-08-08 13:29:14","post_content":"\n PayPal has announced<\/a> the launch of a new stablecoin, PayPal USD (PYUSD). The stablecoin<\/a> is 100% backed by the U.S. dollar, short-term U.S. treasuries, and associated cash equivalents. The company says the stablecoin is redeemable at 1:1 for U.S. dollars. <\/p>\n\n\n\n PayPal CEO and president Dan Schulman says, \"The shift toward digital currencies requires a stable instrument that is both digitally native and easily connected to fiat currency like the U.S. dollar.\"<\/em><\/p>\n\n\n\n PayPal USD rollout begins on Monday to eligible customers in the U.S. Customers can transfer the stablecoin between PayPal and supported wallets, make payments, and fund purchases. They can also convert PayPal\u2019s supported cryptocurrencies to and from the stablecoin.<\/p>\n\n\n\n PayPal says the stablecoin will minimize payment friction in virtual environments. The stablecoin will enable fast transfers and direct flows among Web 3.0 participants.PayPal USD will be an ERC-20 token<\/a> running on the Ethereum network. Consumers, developers, and merchants can seamlessly use the stablecoin to bridge fiat and digital assets.<\/p>\n\n\n\n The launch of PayPal USD expands the scope of PayPal's inroads in crypto. It comes after the company recently enabled purchases of digital assets for Venmo users. PayPal started integrating crypto in early 2021. Users can buy, hold, or sell major digital assets via the payment platform.<\/p>\n\n\n\n PayPal becomes the first leading U.S. fintech company to launch a stablecoin. The company has been working on the project since early 2022. Paxos, PayPal USD issuer, will publish monthly Reserve Reports on the stablecoin. <\/p>\n","post_title":"PayPal Expands Crypto Services With A Dollar-Backed Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-expands-crypto-services-with-a-dollar-backed-stablecoin","to_ping":"","pinged":"","post_modified":"2023-08-08 23:29:44","post_modified_gmt":"2023-08-08 13:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12990","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12976,"post_author":"15","post_date":"2023-08-08 00:30:31","post_date_gmt":"2023-08-07 14:30:31","post_content":"\n Curve Finance states <\/a>that whoever aids in identifying the exploiter and contributes to their legal conviction will be rewarded. The informer receives a 10% reward from the remaining stolen funds, about $20 million. <\/p>\n\n\n\n The team offered the exploiters a \"10% bounty of any stolen funds\" <\/em>in exchange for returning the rest. They gave a deadline of August 6 at 8 am UTC. Representatives from Curve Finance MetronomeDAO, and Alchemix sent a warning to the bad actor. The message simply says that if they reject the bounty, the teams will \u201cexpand the bounty to the public,\u201d<\/em> offering the same amount to whoever leads to the perpetrator.<\/p>\n\n\n\n Blockchain security firm PeckShield tweeted that the stolen crypto amounted to $73.5 million, with $53.5 million (73%) already returned. <\/p>\n\n\n\n CoinsPaid, a cryptocurrency wallet provider, experienced a significant attack resulting in a loss of $37 million. During a post-mortem analysis of the incident, CoinsPaid strongly suspected the involvement of the notorious group.<\/p>\n\n\n\n The Lazarus Group has an extensive record of involvement in crypto exchange hacks. This history includes the theft of $100 million from Harmony's Horizon Bridge and a massive $625 million cryptocurrency theft from the Ronin Network, an Ethereum-based sidechain designed for the popular play-to-earn game Axie Infinity.<\/p>\n","post_title":"North Korean Hackers Target Bitcoin Cash-Out, FBI Issues Warning to Crypto Firms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-korean-hackers-target-bitcoin-cash-out-fbi-issues-warning-to-crypto-firms","to_ping":"","pinged":"","post_modified":"2023-08-27 20:24:40","post_modified_gmt":"2023-08-27 10:24:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13095","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12990,"post_author":"21","post_date":"2023-08-08 23:29:14","post_date_gmt":"2023-08-08 13:29:14","post_content":"\n PayPal has announced<\/a> the launch of a new stablecoin, PayPal USD (PYUSD). The stablecoin<\/a> is 100% backed by the U.S. dollar, short-term U.S. treasuries, and associated cash equivalents. The company says the stablecoin is redeemable at 1:1 for U.S. dollars. <\/p>\n\n\n\n PayPal CEO and president Dan Schulman says, \"The shift toward digital currencies requires a stable instrument that is both digitally native and easily connected to fiat currency like the U.S. dollar.\"<\/em><\/p>\n\n\n\n PayPal USD rollout begins on Monday to eligible customers in the U.S. Customers can transfer the stablecoin between PayPal and supported wallets, make payments, and fund purchases. They can also convert PayPal\u2019s supported cryptocurrencies to and from the stablecoin.<\/p>\n\n\n\n PayPal says the stablecoin will minimize payment friction in virtual environments. The stablecoin will enable fast transfers and direct flows among Web 3.0 participants.PayPal USD will be an ERC-20 token<\/a> running on the Ethereum network. Consumers, developers, and merchants can seamlessly use the stablecoin to bridge fiat and digital assets.<\/p>\n\n\n\n The launch of PayPal USD expands the scope of PayPal's inroads in crypto. It comes after the company recently enabled purchases of digital assets for Venmo users. PayPal started integrating crypto in early 2021. Users can buy, hold, or sell major digital assets via the payment platform.<\/p>\n\n\n\n PayPal becomes the first leading U.S. fintech company to launch a stablecoin. The company has been working on the project since early 2022. Paxos, PayPal USD issuer, will publish monthly Reserve Reports on the stablecoin. <\/p>\n","post_title":"PayPal Expands Crypto Services With A Dollar-Backed Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-expands-crypto-services-with-a-dollar-backed-stablecoin","to_ping":"","pinged":"","post_modified":"2023-08-08 23:29:44","post_modified_gmt":"2023-08-08 13:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12990","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12976,"post_author":"15","post_date":"2023-08-08 00:30:31","post_date_gmt":"2023-08-07 14:30:31","post_content":"\n Curve Finance states <\/a>that whoever aids in identifying the exploiter and contributes to their legal conviction will be rewarded. The informer receives a 10% reward from the remaining stolen funds, about $20 million. <\/p>\n\n\n\n The team offered the exploiters a \"10% bounty of any stolen funds\" <\/em>in exchange for returning the rest. They gave a deadline of August 6 at 8 am UTC. Representatives from Curve Finance MetronomeDAO, and Alchemix sent a warning to the bad actor. The message simply says that if they reject the bounty, the teams will \u201cexpand the bounty to the public,\u201d<\/em> offering the same amount to whoever leads to the perpetrator.<\/p>\n\n\n\n Blockchain security firm PeckShield tweeted that the stolen crypto amounted to $73.5 million, with $53.5 million (73%) already returned. <\/p>\n\n\n\n Lazarus Group hackers were also tied to the theft of $60 million virtual currency from AlphaPo, a centralized crypto payment provider.<\/p>\n\n\n\n CoinsPaid, a cryptocurrency wallet provider, experienced a significant attack resulting in a loss of $37 million. During a post-mortem analysis of the incident, CoinsPaid strongly suspected the involvement of the notorious group.<\/p>\n\n\n\n The Lazarus Group has an extensive record of involvement in crypto exchange hacks. This history includes the theft of $100 million from Harmony's Horizon Bridge and a massive $625 million cryptocurrency theft from the Ronin Network, an Ethereum-based sidechain designed for the popular play-to-earn game Axie Infinity.<\/p>\n","post_title":"North Korean Hackers Target Bitcoin Cash-Out, FBI Issues Warning to Crypto Firms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-korean-hackers-target-bitcoin-cash-out-fbi-issues-warning-to-crypto-firms","to_ping":"","pinged":"","post_modified":"2023-08-27 20:24:40","post_modified_gmt":"2023-08-27 10:24:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13095","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12990,"post_author":"21","post_date":"2023-08-08 23:29:14","post_date_gmt":"2023-08-08 13:29:14","post_content":"\n PayPal has announced<\/a> the launch of a new stablecoin, PayPal USD (PYUSD). The stablecoin<\/a> is 100% backed by the U.S. dollar, short-term U.S. treasuries, and associated cash equivalents. The company says the stablecoin is redeemable at 1:1 for U.S. dollars. <\/p>\n\n\n\n PayPal CEO and president Dan Schulman says, \"The shift toward digital currencies requires a stable instrument that is both digitally native and easily connected to fiat currency like the U.S. dollar.\"<\/em><\/p>\n\n\n\n PayPal USD rollout begins on Monday to eligible customers in the U.S. Customers can transfer the stablecoin between PayPal and supported wallets, make payments, and fund purchases. They can also convert PayPal\u2019s supported cryptocurrencies to and from the stablecoin.<\/p>\n\n\n\n PayPal says the stablecoin will minimize payment friction in virtual environments. The stablecoin will enable fast transfers and direct flows among Web 3.0 participants.PayPal USD will be an ERC-20 token<\/a> running on the Ethereum network. Consumers, developers, and merchants can seamlessly use the stablecoin to bridge fiat and digital assets.<\/p>\n\n\n\n The launch of PayPal USD expands the scope of PayPal's inroads in crypto. It comes after the company recently enabled purchases of digital assets for Venmo users. PayPal started integrating crypto in early 2021. Users can buy, hold, or sell major digital assets via the payment platform.<\/p>\n\n\n\n PayPal becomes the first leading U.S. fintech company to launch a stablecoin. The company has been working on the project since early 2022. Paxos, PayPal USD issuer, will publish monthly Reserve Reports on the stablecoin. <\/p>\n","post_title":"PayPal Expands Crypto Services With A Dollar-Backed Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-expands-crypto-services-with-a-dollar-backed-stablecoin","to_ping":"","pinged":"","post_modified":"2023-08-08 23:29:44","post_modified_gmt":"2023-08-08 13:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12990","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12976,"post_author":"15","post_date":"2023-08-08 00:30:31","post_date_gmt":"2023-08-07 14:30:31","post_content":"\n Curve Finance states <\/a>that whoever aids in identifying the exploiter and contributes to their legal conviction will be rewarded. The informer receives a 10% reward from the remaining stolen funds, about $20 million. <\/p>\n\n\n\n The team offered the exploiters a \"10% bounty of any stolen funds\" <\/em>in exchange for returning the rest. They gave a deadline of August 6 at 8 am UTC. Representatives from Curve Finance MetronomeDAO, and Alchemix sent a warning to the bad actor. The message simply says that if they reject the bounty, the teams will \u201cexpand the bounty to the public,\u201d<\/em> offering the same amount to whoever leads to the perpetrator.<\/p>\n\n\n\n Blockchain security firm PeckShield tweeted that the stolen crypto amounted to $73.5 million, with $53.5 million (73%) already returned. <\/p>\n\n\n\n In June, Atomic Wallet fell victim to a major hack where hackers stole over $100 million in virtual currency. The blockchain analysis firm Elliptic reported that the Lazarus Group, a well-known cybercriminal organization, was responsible for this attack. Notably, the laundering process for the stolen crypto assets closely matched the techniques employed in past hacks attributed to the group.<\/p>\n\n\n\n Lazarus Group hackers were also tied to the theft of $60 million virtual currency from AlphaPo, a centralized crypto payment provider.<\/p>\n\n\n\n CoinsPaid, a cryptocurrency wallet provider, experienced a significant attack resulting in a loss of $37 million. During a post-mortem analysis of the incident, CoinsPaid strongly suspected the involvement of the notorious group.<\/p>\n\n\n\n The Lazarus Group has an extensive record of involvement in crypto exchange hacks. This history includes the theft of $100 million from Harmony's Horizon Bridge and a massive $625 million cryptocurrency theft from the Ronin Network, an Ethereum-based sidechain designed for the popular play-to-earn game Axie Infinity.<\/p>\n","post_title":"North Korean Hackers Target Bitcoin Cash-Out, FBI Issues Warning to Crypto Firms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-korean-hackers-target-bitcoin-cash-out-fbi-issues-warning-to-crypto-firms","to_ping":"","pinged":"","post_modified":"2023-08-27 20:24:40","post_modified_gmt":"2023-08-27 10:24:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13095","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12990,"post_author":"21","post_date":"2023-08-08 23:29:14","post_date_gmt":"2023-08-08 13:29:14","post_content":"\n PayPal has announced<\/a> the launch of a new stablecoin, PayPal USD (PYUSD). The stablecoin<\/a> is 100% backed by the U.S. dollar, short-term U.S. treasuries, and associated cash equivalents. The company says the stablecoin is redeemable at 1:1 for U.S. dollars. <\/p>\n\n\n\n PayPal CEO and president Dan Schulman says, \"The shift toward digital currencies requires a stable instrument that is both digitally native and easily connected to fiat currency like the U.S. dollar.\"<\/em><\/p>\n\n\n\n PayPal USD rollout begins on Monday to eligible customers in the U.S. Customers can transfer the stablecoin between PayPal and supported wallets, make payments, and fund purchases. They can also convert PayPal\u2019s supported cryptocurrencies to and from the stablecoin.<\/p>\n\n\n\n PayPal says the stablecoin will minimize payment friction in virtual environments. The stablecoin will enable fast transfers and direct flows among Web 3.0 participants.PayPal USD will be an ERC-20 token<\/a> running on the Ethereum network. Consumers, developers, and merchants can seamlessly use the stablecoin to bridge fiat and digital assets.<\/p>\n\n\n\n The launch of PayPal USD expands the scope of PayPal's inroads in crypto. It comes after the company recently enabled purchases of digital assets for Venmo users. PayPal started integrating crypto in early 2021. Users can buy, hold, or sell major digital assets via the payment platform.<\/p>\n\n\n\n PayPal becomes the first leading U.S. fintech company to launch a stablecoin. The company has been working on the project since early 2022. Paxos, PayPal USD issuer, will publish monthly Reserve Reports on the stablecoin. <\/p>\n","post_title":"PayPal Expands Crypto Services With A Dollar-Backed Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-expands-crypto-services-with-a-dollar-backed-stablecoin","to_ping":"","pinged":"","post_modified":"2023-08-08 23:29:44","post_modified_gmt":"2023-08-08 13:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12990","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12976,"post_author":"15","post_date":"2023-08-08 00:30:31","post_date_gmt":"2023-08-07 14:30:31","post_content":"\n Curve Finance states <\/a>that whoever aids in identifying the exploiter and contributes to their legal conviction will be rewarded. The informer receives a 10% reward from the remaining stolen funds, about $20 million. <\/p>\n\n\n\n The team offered the exploiters a \"10% bounty of any stolen funds\" <\/em>in exchange for returning the rest. They gave a deadline of August 6 at 8 am UTC. Representatives from Curve Finance MetronomeDAO, and Alchemix sent a warning to the bad actor. The message simply says that if they reject the bounty, the teams will \u201cexpand the bounty to the public,\u201d<\/em> offering the same amount to whoever leads to the perpetrator.<\/p>\n\n\n\n Blockchain security firm PeckShield tweeted that the stolen crypto amounted to $73.5 million, with $53.5 million (73%) already returned. <\/p>\n\n\n\n In June, Atomic Wallet fell victim to a major hack where hackers stole over $100 million in virtual currency. The blockchain analysis firm Elliptic reported that the Lazarus Group, a well-known cybercriminal organization, was responsible for this attack. Notably, the laundering process for the stolen crypto assets closely matched the techniques employed in past hacks attributed to the group.<\/p>\n\n\n\n Lazarus Group hackers were also tied to the theft of $60 million virtual currency from AlphaPo, a centralized crypto payment provider.<\/p>\n\n\n\n CoinsPaid, a cryptocurrency wallet provider, experienced a significant attack resulting in a loss of $37 million. During a post-mortem analysis of the incident, CoinsPaid strongly suspected the involvement of the notorious group.<\/p>\n\n\n\n The Lazarus Group has an extensive record of involvement in crypto exchange hacks. This history includes the theft of $100 million from Harmony's Horizon Bridge and a massive $625 million cryptocurrency theft from the Ronin Network, an Ethereum-based sidechain designed for the popular play-to-earn game Axie Infinity.<\/p>\n","post_title":"North Korean Hackers Target Bitcoin Cash-Out, FBI Issues Warning to Crypto Firms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"north-korean-hackers-target-bitcoin-cash-out-fbi-issues-warning-to-crypto-firms","to_ping":"","pinged":"","post_modified":"2023-08-27 20:24:40","post_modified_gmt":"2023-08-27 10:24:40","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13095","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12990,"post_author":"21","post_date":"2023-08-08 23:29:14","post_date_gmt":"2023-08-08 13:29:14","post_content":"\n PayPal has announced<\/a> the launch of a new stablecoin, PayPal USD (PYUSD). The stablecoin<\/a> is 100% backed by the U.S. dollar, short-term U.S. treasuries, and associated cash equivalents. The company says the stablecoin is redeemable at 1:1 for U.S. dollars. <\/p>\n\n\n\n PayPal CEO and president Dan Schulman says, \"The shift toward digital currencies requires a stable instrument that is both digitally native and easily connected to fiat currency like the U.S. dollar.\"<\/em><\/p>\n\n\n\n PayPal USD rollout begins on Monday to eligible customers in the U.S. Customers can transfer the stablecoin between PayPal and supported wallets, make payments, and fund purchases. They can also convert PayPal\u2019s supported cryptocurrencies to and from the stablecoin.<\/p>\n\n\n\n PayPal says the stablecoin will minimize payment friction in virtual environments. The stablecoin will enable fast transfers and direct flows among Web 3.0 participants.PayPal USD will be an ERC-20 token<\/a> running on the Ethereum network. Consumers, developers, and merchants can seamlessly use the stablecoin to bridge fiat and digital assets.<\/p>\n\n\n\n The launch of PayPal USD expands the scope of PayPal's inroads in crypto. It comes after the company recently enabled purchases of digital assets for Venmo users. PayPal started integrating crypto in early 2021. Users can buy, hold, or sell major digital assets via the payment platform.<\/p>\n\n\n\n PayPal becomes the first leading U.S. fintech company to launch a stablecoin. The company has been working on the project since early 2022. Paxos, PayPal USD issuer, will publish monthly Reserve Reports on the stablecoin. <\/p>\n","post_title":"PayPal Expands Crypto Services With A Dollar-Backed Stablecoin","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"paypal-expands-crypto-services-with-a-dollar-backed-stablecoin","to_ping":"","pinged":"","post_modified":"2023-08-08 23:29:44","post_modified_gmt":"2023-08-08 13:29:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12990","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":12976,"post_author":"15","post_date":"2023-08-08 00:30:31","post_date_gmt":"2023-08-07 14:30:31","post_content":"\n
ADVERTISEMENT
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Following the recent multi-million-dollar breach of Curve Finance, the deadline <\/a>for the perpetrator to restore the funds has expired. Consequently, the reward for revealing the hacker's identity is now accessible to the general public.<\/p>\n\n\n\n
ADVERTISEMENT
Following the recent multi-million-dollar breach of Curve Finance, the deadline <\/a>for the perpetrator to restore the funds has expired. Consequently, the reward for revealing the hacker's identity is now accessible to the general public.<\/p>\n\n\n\n
ADVERTISEMENT
Following the recent multi-million-dollar breach of Curve Finance, the deadline <\/a>for the perpetrator to restore the funds has expired. Consequently, the reward for revealing the hacker's identity is now accessible to the general public.<\/p>\n\n\n\n
ADVERTISEMENT
Following the recent multi-million-dollar breach of Curve Finance, the deadline <\/a>for the perpetrator to restore the funds has expired. Consequently, the reward for revealing the hacker's identity is now accessible to the general public.<\/p>\n\n\n\n
ADVERTISEMENT
USD To Reduce Friction In Digital Payments<\/h2>\n\n\n\n
Following the recent multi-million-dollar breach of Curve Finance, the deadline <\/a>for the perpetrator to restore the funds has expired. Consequently, the reward for revealing the hacker's identity is now accessible to the general public.<\/p>\n\n\n\n
ADVERTISEMENT
USD To Reduce Friction In Digital Payments<\/h2>\n\n\n\n
Following the recent multi-million-dollar breach of Curve Finance, the deadline <\/a>for the perpetrator to restore the funds has expired. Consequently, the reward for revealing the hacker's identity is now accessible to the general public.<\/p>\n\n\n\n
ADVERTISEMENT
USD To Reduce Friction In Digital Payments<\/h2>\n\n\n\n
Following the recent multi-million-dollar breach of Curve Finance, the deadline <\/a>for the perpetrator to restore the funds has expired. Consequently, the reward for revealing the hacker's identity is now accessible to the general public.<\/p>\n\n\n\n
ADVERTISEMENT
USD To Reduce Friction In Digital Payments<\/h2>\n\n\n\n
Following the recent multi-million-dollar breach of Curve Finance, the deadline <\/a>for the perpetrator to restore the funds has expired. Consequently, the reward for revealing the hacker's identity is now accessible to the general public.<\/p>\n\n\n\n
ADVERTISEMENT
USD To Reduce Friction In Digital Payments<\/h2>\n\n\n\n
Following the recent multi-million-dollar breach of Curve Finance, the deadline <\/a>for the perpetrator to restore the funds has expired. Consequently, the reward for revealing the hacker's identity is now accessible to the general public.<\/p>\n\n\n\n
ADVERTISEMENT
USD To Reduce Friction In Digital Payments<\/h2>\n\n\n\n
Following the recent multi-million-dollar breach of Curve Finance, the deadline <\/a>for the perpetrator to restore the funds has expired. Consequently, the reward for revealing the hacker's identity is now accessible to the general public.<\/p>\n\n\n\n
ADVERTISEMENT
\n
USD To Reduce Friction In Digital Payments<\/h2>\n\n\n\n
Following the recent multi-million-dollar breach of Curve Finance, the deadline <\/a>for the perpetrator to restore the funds has expired. Consequently, the reward for revealing the hacker's identity is now accessible to the general public.<\/p>\n\n\n\n
ADVERTISEMENT
\n
USD To Reduce Friction In Digital Payments<\/h2>\n\n\n\n
Following the recent multi-million-dollar breach of Curve Finance, the deadline <\/a>for the perpetrator to restore the funds has expired. Consequently, the reward for revealing the hacker's identity is now accessible to the general public.<\/p>\n\n\n\n
ADVERTISEMENT
\n
USD To Reduce Friction In Digital Payments<\/h2>\n\n\n\n
Following the recent multi-million-dollar breach of Curve Finance, the deadline <\/a>for the perpetrator to restore the funds has expired. Consequently, the reward for revealing the hacker's identity is now accessible to the general public.<\/p>\n\n\n\n
ADVERTISEMENT
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USD To Reduce Friction In Digital Payments<\/h2>\n\n\n\n
Following the recent multi-million-dollar breach of Curve Finance, the deadline <\/a>for the perpetrator to restore the funds has expired. Consequently, the reward for revealing the hacker's identity is now accessible to the general public.<\/p>\n\n\n\n
ADVERTISEMENT
\n
USD To Reduce Friction In Digital Payments<\/h2>\n\n\n\n
Following the recent multi-million-dollar breach of Curve Finance, the deadline <\/a>for the perpetrator to restore the funds has expired. Consequently, the reward for revealing the hacker's identity is now accessible to the general public.<\/p>\n\n\n\n
ADVERTISEMENT
Lazarus Recent Hacks<\/h2>\n\n\n\n
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USD To Reduce Friction In Digital Payments<\/h2>\n\n\n\n
Following the recent multi-million-dollar breach of Curve Finance, the deadline <\/a>for the perpetrator to restore the funds has expired. Consequently, the reward for revealing the hacker's identity is now accessible to the general public.<\/p>\n\n\n\n
