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- 20-08-2024
20-08-2024
Fernando Fierro
August 20, 2024
Howdy folks,
🚀📈 Bybit's integration of PayPal’s PYUSD stablecoin on Solana marks a significant step for blockchain interoperability. This move facilitates seamless transfers between the Solana and Ethereum networks, highlighting Solana's growing importance, especially in liquidity, where it hosts over 56% of PYUSD’s market activity.
While this underlines Solana's rising prominence, it also faces scrutiny for technical issues and centralization concerns.
In other news:
💡🌐 Ethereum co-founder Vitalik Buterin has made headlines by registering a new ENS domain, dacc.eth, hinting at potential funding for d/acc-aligned projects. The d/acc philosophy promotes balanced innovation, especially in AI, advocating for cautious advancements that avoid centralizing power.
Amid this move, Buterin's upcoming discussion on the d/acc concept further emphasizes the growing importance of transparent, decentralized technology development.
🔮📈 The race between Donald Trump and Kamala Harris is intensifying in the crypto betting markets, with both candidates now tied at 49%. This marks a notable recovery for Trump, whose odds had dipped to 44%, while Harris' likelihood of winning has fallen from a peak of 54%.
Despite Trump's upswing on specific platforms, Harris still leads in broader polls and continues to engage the crypto community actively.
🚨🛡️ Australia is cracking down on crypto scams, with the Australian Securities and Investments Commission (ASIC) dismantling 615 fraud cases this past year, revealing a staggering $1.3 billion in losses. This move is part of a broader international effort, highlighted by the Australian Federal Police joining Operation Spincaster to combat approval phishing scams.
Despite these proactive measures, global crypto scams still resulted in losses totaling $573 million in Q2 of 2024.
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