PayPal to Enable On-Chain Transfers From Venmo Accounts, Including to On-Chain Wallets

The feature will become available in May, PayPal’s Jose Fernandez da Ponte said on a panel at Consensus.Source

Web3 Music Requires Fresh Ideas to Succeed, Says Warner Music Exec

The digitally-augmented space is a key part of Warner Music Group’s future plans, its chief Digital Officer Oana Ruxandra said at Consensus 2023.Source

Crypto Exchange Binance’s Head of Product Discusses AI, Supercycles and What Gets Him Excited Nowadays

Mayur Kamat, a tech industry veteran, discusses how the world’s largest crypto exchange is using artificial intelligence and the future of the tech industry.Source

Genesis Bankruptcy Parties Agree to 30-Day Mediation Period

The process can start once the parties agree on a mediator and submits an order to the U.S. bankruptcy court.Source

Terra Classic Hopefuls Mull Revival of Failed UST Stablecoin

Community members are vying for a new model to improve revenues to sustain the peg, which includes token buybacks and fees paid on peg deviations.Source

Amid Bankruptcy, Core Scientific Signs Bitcoin Mining Hosting Contracts for Almost 18,000 Machines

The miner signed deals with three firms to host rigs in sites where the Celsius Mining fleet was recently unplugged from.Source

Epic Games Alum Mike Seavers Will Join Web3 Giant Yuga Labs as CTO

Mike Seavers will join the home of Bored Ape Yacht Club on May 22.Source

DeFi Protocol 0VIX Loses Nearly $2M in Flash-Loan Exploit

Decentralized finance (DeFi) protocol 0VIX has lost $2 million in a flash loan exploit, according to on-chain data.Source

ECB Probes Decentralized Settlement for Wholesale Financial Markets

Euro regulators are looking again at their centralized settlement systems in seeking to keep pace with digital innovation as they explore central bank digital currencies.Source

Long-Term Bitcoin Holders Are Profitable for First Time in 11 Months, Blockchain Data Shows

Bitcoin’s long-term holder spent output profitability ratio (LTH-SOPR) shows coins moved onchain that have a lifespan of at least 155 days or higher are being sold at profit. That suggests the bitcoin bear may be behind us.Source