PayPal Is Building A Super App To Offer Customised Services
PayPal Is Building A Super App To Offer Customised Services

PayPal Holdings Inc. is working on building a super app, encompassing payments, finance, crypto-currencies and shopping services all in one “personalised” app. Paypal reported a net profit of $1.6 billion in the first quarter of the current calendar year, up by 28% year-on-year, it said in its financial results.

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Ethereum price shoots past $3,000 for the first time
Ethereum price shoots past $3,000 for the first time

Ether, the second-biggest cryptocurrency, was worth $207-per-token just one year ago.

Bitcoin and Dogecoin both hit new all-time highs in April, but May appears to be Ethereum’s month.

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PRTI makes cryptocurrency from old car tires in Northern Carolina
PRTI makes cryptocurrency from old car tires in Northern Carolina

A waste processing specialist in North Carolina is decomposing old tires to create energy which it is then using to mine cryptocurrency.

Product Recovery Technology International (PRTI), is processing discarded tires at a site in Franklinton, north of Raleigh, to create oil, syngas, carbon char, and steel.

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Hackers move $760 million from the 2016 Bitfinex hack
Hackers move $760 million from the 2016 Bitfinex hack

More than $760 million worth of Bitcoin, stolen from cryptocurrency exchange Bitfinex in 2016, were moved on Wednesday to new accounts.

The funds were moved in tens of transactions ranging from 1 to as much as 1,200 bitcoin (BTC) at a time.

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A Single Grey Pixel Sells For $1.36 Million At A Sotheby’s NFT Auction
A Single Grey Pixel Sells For $1.36 Million At A Sotheby’s NFT Auction

As NFT sales in established art houses become something of the norm, there are still record-breaking, and even shocking auctions that rock the art and crypto world alike. At auction house Sotheby’s ‘The Fungible Collection’ sale, a single grey pixel created by digital artist Pak sold for $1.36 million.

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Coinbase IPO values hits $99.6bn valuation with shares up 52% on debut
Coinbase IPO values hits $99.6bn valuation with shares up 52% on debut

Coinbase, the US-based cryptocurrency exchange, launched its initial public offering (IPO) on Nasdaq on Wednesday, hitting at valuation of $99.6 billion.

Shares debuted at $381, a 52.4% increase on the $250 reference price – the benchmark for performance when Coinbase stock started trading.

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MicroStrategy now pays its board of directors in bitcoin
MicroStrategy now pays its board of directors in bitcoin

The Nasdaq-listed company said non-employee directors would receive all fees for their service in bitcoin instead of cash.

“In approving bitcoin as a form of compensation for Board service, the Board cited its commitment to bitcoin given its ability to serve as a store of value, supported by a robust and public open-source architecture, untethered to sovereign monetary policy,” said MicroStrategy.

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German federal bank runs successful blockchain system without a CBDC
German federal bank runs successful blockchain system without a CBDC

Executives at the Deutsche Bundesbank are eager to launch a blockchain-based system without the need for a CBDC — and they just might succeed.

Germany’s federal bank, the Deutsche Bundesbank, has run successful tests on a project which bridges the traditional finance infrastructure with blockchain technology.

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Australian government offers $6M in grants to innovative blockchain teams
Australian government offers $6M in grants to innovative blockchain teams

The Australian government has opened applications for grants up to $3 million each in funding to blockchain projects targeting supply chain tracking in the minerals industry and tax tracking in the food and beverage sector.

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Russia’s Hermitage museum to host NFT art exhibition
Russia’s Hermitage museum to host NFT art exhibition

The NFT exhibition will be part of the “Hermitage 20/21” project.

Russia’s State Hermitage Museum, the second-largest art museum in the world, is preparing to host a digital art exhibition involving non-fungible tokens.

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Theta’s Mainnet 3.0 launch date pushed to June
Theta’s Mainnet 3.0 launch date pushed to June

“We decided that additional time to conduct a more thorough code review and testing was important,” said Theta Labs.

Crypto-powered esports streaming app Theta’s mainnet 3.0 launch has been delayed until June.

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The number of Bitcoin ATMs in the US rose 177% over the past year
The number of Bitcoin ATMs in the US rose 177% over the past year

Since March 1, 2020, the number of new Bitcoin ATMs installed worldwide is nearing 10,000. According to the latest data from Coin ATM Radar, the current number of machines stands at 16,835, a strong 57.5% increase, or 9,683 new machines, as compared with 7,152 last year.

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Decentralized esports tournament series looks to bring traditional gamers to crypto
Decentralized esports tournament series looks to bring traditional gamers to crypto

Polyient Games co-founder Craig Russo referred to the partnership as “a major step towards bringing mainstream adoption” to the crypto industry.

Non-fungible token-focused investment firm Polyient Games is launching a new online tournament to introduce mainstream gamers to the crypto space.

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Volkswagen pilots blockchain to integrate electric vehicles with power grids
Volkswagen pilots blockchain to integrate electric vehicles with power grids

Energy Web plans to use blockchain technology to help ensure an efficient future for Volkswagen’s electric vehicles.

Automobile makers everywhere are betting big on electric vehicles as the world begins to push for environmentally friendly modes of transportation.

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Nvidia plans Cryptocurrency Mining Processor for Ethereum
Nvidia plans Cryptocurrency Mining Processor for Ethereum

GPU giant Nvidia plans to release a processor designed for mining cryptocurrency Ethereum, and will put artificial limits on how effective its future GPUs are at mining.

The first in the Cryptocurrency Mining Processor (CMP) series will focus on Ether mining, used to make the Ethereum cryptocurrency possible, and is set to release in March.

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