Bybit Expands Offerings with PYUSD Integration
Users can now deposit and withdraw PayPal’s PYUSD stablecoin on the Solana network, according to cryptocurrency exchange Bybit. In a press statement dated August 15, Bybit stated that it had expanded its support for Solana-based assets, adding PayPal’s PYUSD stablecoin among them. The measure comes after PYUSD recently passed the 500,000th processed transaction milestone, demonstrating […]
5ire Launches Hybrid Layer-1 Mainnet
After a successful testnet phase, blockchain startup 5ire launched its mainnet to redefine blockchain’s environmental impact. Layer-1 blockchain platform 5ire has launched its mainnet, furthering its goal of promoting environmentally sustainable blockchain development. 5ire announced the debut of its testnet on August 15 and shared the press release. The testnet logged over one million on-chain […]
Offchain Labs Launches Unit to Boost Mainstream Crypto Adoption
Offchain Labs, a prominent cryptocurrency venture finance firm, intends to accelerate blockchain adoption and development with Tandem. The ecosystem footprint of the Offchain Labs development team includes fundamental contributions to the creation of Prysm, an Ethereum and Arbitrum consensus client. The team’s most recent endeavor, Tandem, aims to support blockchain innovation. Offchain Labs and Espresso […]
Proof-of-stake Blockchain XION Introduces Native Utility Token
Web3 Foundry Burnt launched XION Foundation, a non-profit organization, to create and expand the proof-of-stake blockchain. Its mission is to manage the growth and development of the proof-of-stake blockchain XION. The layer-1 blockchain’s native coin, $XION, was also introduced by the venture-backed platform. On August 14, Burnt announced the accomplishments in a blog post. The XION […]
Wisconsin Increases Holdings in BlackRocK Bitcoin ETF
According to a recent SEC filing, the State of Wisconsin Investment Board has raised its holdings in BlackRock’s iShares Bitcoin Trust. The State of Wisconsin now owns about 2.9 million shares of BlackRock’s iShares Bitcoin, according to a U.S. SEC filing dated August 14—a trust with a $99.1 million approximate value. With the addition of […]