CRYPTO

Authored by Tom Mitchellhill via CoinTelegraph.com,

United States President Joe Biden may have inadvertently become Bitcoin’s latest brand ambassador in a new "cringe" video advertising merchandise for his reelection campaign.

On Aug. 3, President Biden tweeted: “A cup of Joe never tasted better” along with a video of himself drinking coffee from a mug.

The Bitcoin and crypto community were quick to notice the design of the coffee mug, which features (more…)

Authored by Amaka Nwaokocha via CoinTelegraph.com,

Elon Musk addressed the issue of scam tokens falsely claiming connections to the social media platform…

Elon Musk has stated that his social media platform X (formerly Twitter) has no plans to launch crypto tokens in response to a post regarding questionable X and (more…)

Authored by Prashant Jha via CoinTelegraph.com,

American financial technology company PayPal launched a new crypto stablecoin called PayPal USD (PYUSD) on Aug. 7. 

The new US dollar-backed stablecoin will be issued by Paxos Trust Co. and fully backed by United States dollar deposits, short-term Treasuries and similar cash equivalents.

The new stablecoin is built on Ethereum and is "designed for digital payments and Web3."

The firm said that the new (more…)