PayPal is exploring launching its own stablecoin as part of its cryptocurrency push. PayPal confirmed the move after evidence of it was discovered within its iPhone app by developer Steve Moser, who found hidden code and images showing work on a “PayPal Coin.” The code indicates the coin would be backed by U.S. dollars.
Liechtenstein-based cryptocurrency exchange LCX has confirmed that one of its hot wallets was compromised and temporarily suspended all deposits and withdrawals on its platform.
Cryptocurrency exchange Binance.US is building up an office in Portals, a metaverse platform built on top of the Solana blockchain. Portals recreate a dense urban environment that users can explore.
Top stories in the Crypto Roundup today:
- PayPal Explores Launching Its Own Stablecoin
- Crypto Exchange LCX Loses $6.8 Million in Hot Wallet Exploit
- Binance.US Sets Up Office in Solana Metaverse
- Chart of the Week: 2021’s Top 10 NFT Projects by Sale Volumes