PayPal is Hiring Crypto Engineers Amid Rumors of Bitcoin Integration

PayPal is hiring crypto and blockchain experts amid rumors that the global payment platform will enable direct cryptocurrency purchases for its 305 million users. The job descriptions they’re hiring for are publicly available on the company’s own job board. The first listing of note is for a job titled “Technical Lead – Crypto Engineer.” The listing describes that this person will be responsible for “new initiatives for PayPal global with a focus on agility, time-to-market and innovation. The role includes designing, developing and maintaining key crypto products/features targeted towards availability,…

Chinese City Issues Post-Pandemic Consumer Vouchers on the Blockchain

In order to reduce the COVID-19 pandemic’s impact on business, Chinese governments at all levels have been coming up with different policies and solutions to help the economy survive.  Nanjing, the capital of China eastern Jiangsu province, is one of the first cities in China to leverage blockchain technology and issue so-called “consumption vouchers” on the blockchain as a kind of crypto-driven stimulus package, according to a local news report on June 23. These vouchers are exchangeable for things like food, transportation and electronics. A stimulation of millions As of…

3 Reasons Why DeFi Tokens Are Outperforming Bitcoin Price

Decentralized Finance (DeFi) has been a rapidly growing sector in the crypto space and although the volume of the DeFi ecosystem yet to surpass that of the general crypto market, the new way of lending and saving has garnered positive media coverage and “praise”.  DeFi shows great promise and the market is starting to reflect this, as many DeFi-based tokens have been pumping strongly in 2020, with some tokens showing gains above 60% in the past 5 days. According to a report provided to Delphi Digital’s clients, tokens for popular…

5 Surprising Facts From Gavin Andresen’s Sworn Deposition

The recently released deposition of Gavin Andresen in the case of Kleiman v. Wright sheds new light on the personalities of Craig Wright, Satoshi Nakamoto, and not least of all, Andresen himself. Craig Wright called himself a fraud In an email to Andresen, Wright apparently admitted to being a fraudster: “I am a fraud, but I am a fraud that is free to work on what I need to do.” Perhaps this admission (now in public domain) will make further lawsuits more challenging for Wright. Andresen may have had an…

Filipino Crypto Scammers Are Impersonating Government Officials for Profit

Another Filipino finance entity issued a warning against the alleged crypto Ponzi scheme Bitcoin Revolution, accusing them of impersonating the country’s president, as well as its finance and treasury officials.  According to the Department of Finance (DOF) in an alert published on June 21, Bitcoin Revolution has been using the name of Secretary of Finance Carlos Dominguez III to promote what the watchdog claims is a fake “cryptocurrency auto-trading platform.” Fake news as bait for investors The alleged scammers are reportedly spreading fake news with an article that claims government…

Half of Crypto’s Top 10 Assets ‘Absolutely Do Not Deserve’ to Be There

Simon Dedic has beef with crypto rankings. The co-founder of crypto research house Blockfyre specifically suggests that five of the top ten cryptocurrencies by market cap don’t deserve their high-profile spot. In an inflammatory June 21 tweet, Dedic called out XRP, Bitcoin Cash, Bitcoin Satoshi’s Vision, Litecoin and EOS and said he “can’t wait” until other assets replace them. Rather than simply kicking the hornet’s nest on Twitter and running away, Dedic instead stuck around to answer comments. Cointelegraph asked him to expand on his reasoning. “A better Bitcoin” Although …

How Is Blockchain Improving Gaming? Is Adam Back Satoshi Nakamoto? Samson Mow Explains

Blockstream CSO Samson Mow explored a variety of topics in his latest interview on Cointelegraph’s YouTube channel. Watch the full interview above and be sure to subscribe to the channel for more weekly crypto content! Blockchain in Gaming Mow is not only the chief strategy officer at Blockstream, but also the founder and CEO of game development company Pixelmatic. He created the company after working for two years as a Director of Production for Ubisoft in China. His interest in gaming economies stems from his experience playing Lineage 2. He…

CBDCs Don’t Fix Broken Monetary Policy, Say Execs at Stablecoin Saga

As countries around the world dive into central bank digital currencies (CBDC), many in the crypto industry look forward to what that means for adoption and even lucrative partnerships to develop such tokens. However, at least some commentators have noted that national CBDCs will likely disappoint those looking to update monetary policy. “A change in packaging” Speaking to Cointelegraph, Ido Sadeh Man and Barry Topf — respectively the founder and chief economist of Saga, a global stablecoin project — cautioned against the wave of optimism surrounding CBDCs. “It’s basically a…

PlusToken Moves $67 Million to Unknown Wallet, Signalling a Potential EOS Dump

A wallet associated with alleged crypto Ponzi scheme PlusToken has moved 26,316,339 EOS tokens (worth over $67 million as of press time) to an anonymous crypto wallet created less than 24 hours ago. The transaction was spotted by tracking service Whale Alert earlier today. PlusToken is believed to be one of the largest scams in the cryptocurrency history, as it reportedly held almost $3 billion worth of assets including Bitcoin (BTC), Ethereum (ETH) and EOS when it went bust in June last year. Launched in May 2018, PlusToken acted as…