Crypto Exchange Mango’s Legal Bills Swell, a Year After Alleged $116M Heist
First the blockchain-based exchange was allegedly victimized by a market manipulator, and now it’s having to spend big on lawyers to pursue suits and other remedies.Source
PayPal’s Regulated Stablecoin Is a ‘Watershed Moment’ in Crypto Space, Says Partner Paxos
“The difference is significant because we have a prudential regulator,” said Paxos head of strategy Walter Hessert.Source
Crypto News Today: PayPal’s Stablecoin Debut, Worldcoin’s Kenyan Hurdles, and More
From PayPal’s entry into the stablecoin market to regulatory challenges faced by Worldcoin in Kenya, the crypto world continues to be a blend of innovation and controversy.Source
Aptos’ APT Token Slides Ahead of $30M Unlock
APT has decreased by over 3.2% in the past 24 hours performing worse than bitcoin (BTC) and ether (ETH), per CoinDesk market data.Source
It’s ChatGPT, but for Bitcoin: New AI Tool Avoids ‘Hallucinations’
An experimental version of the Bitcoin-focused AI chatbot was released on Thursday by Chaincode Labs, which says its new “ChatBTC” is less likely to give incorrect answers about the original cryptocurrency, or to “hallucinate” like the more popular (and generalist) ChatGPT.Source
Mantle Introduces New Governing Body for Treasury Management
The new layer 2 network passed a governance vote that establishes the Mantle Economics Committee as well as introduces more liquid staking into the ecosystem by authorizing liquid staking protocol Mantle LSD and the allocation of 40,000 ETH from its treasury to stETH.Source
NFT Trading Is Ice Cold But Developers Are Still Hot for Web3
This week, new reports were released that point to a major slowdown in NFT trading. Plus, Etihad Airways will soon let its community of frequent fliers stake NFTs for miles.Source
Global X Refiles Spot-Bitcoin ETF Application, Naming Coinbase as ‘Surveillance-Sharing’ Partner
The filing comes around the same time the firm requested permission to offer a bitcoin-future ETF.Source
Crypto Investor HashKey Aims to Raise $100M for New Digital Assets Fund
The liquid digital assets fund, regulated by the Hong Kong Securities and Futures Commission, will open for investments on Sept. 1.Source
Miami Mayor Francis Suarez to Accept Presidential Campaign Donations in Bitcoin
Bitcoin-friendly Miami Mayor Francis Suarez will be accepting donations in bitcoin (BTC) and other crypto for his presidential campaign, he announced on CoinDesk TV on Friday.Source