PayPal CEO sees “The Whole World” Becoming “Digital First” and other news

December 2, 2020 Coin Payment

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Get your daily summary of cryptoasset and blockchain related news, investigating the stories flying under the crypto news radar today.

Crypto Adoption News

PayPal CEO Dan Schulman said the use of digital currencies is set to go mainstream as more and more merchants take a “digital first” approach to payments, Bloomberg reported. “The whole world will go digital first,” the CEO said, adding that he sees it as his biggest competitor Financial ant, China’s largest mobile payment company. (To know more: PayPal CEO: “broken” financial system, very eager cryptocurrency users)
Almost a fifth of the PayPal users surveyed have already traded bitcoin (BTC) using the PayPal app, says a report published by Mizuho Securities, the investment arm of Mizuho financial group, as reported by numerous media sites. Of the 380 users surveyed, 17% said they have already used PayPal to trade bitcoins, while 65% said they would use cryptocurrency to pay for goods and services.
GoodDollar, a social impact project providing a digital universal basic income (UBI), announced it had “received a huge demand since it launched on September 8,” stating that in just over eight weeks, over 40,000 people from 180 countries have signed up and started applying for and using the G $ digital currency. According to the press release, more than 20,000 users now use GoodDollar regularly, while more than G $ 14 million has been distributed among users to date.

The software giant Microsoft said nation-state hacker group Bismuth has begun distributing crypto-mining malware as part of a renewed cyber-espionage effort. In a blog post, the software company wrote: “In campaigns from July to August 2020, the group deployed monero coin (XMR) miners in attacks that targeted both the private sector and government institutions in France. and Vietnam “. The American company believes Bismuth believes crypto mining malware attacks have provided it with a way to monetize the networks it successfully compromises.
The South Korean chat app giant Cocoa‘S Earth X the blockchain subsidiary suffered the data breach. According to media Bloter, the company, which operates the klay token and Klaytn blockchain network, admitted that the incident occurred on November 8, so the data including names, email addresses and phone of about 2,000 people were leaked to an individual who appears to have used spear-phishing methods to trick a Ground X employee into allowing them to access the data. The victims of the leak are said to have been business partners who attended a Ground X-run event.

Russia Alfa-Bank launched a blockchain-based solution for the self-employed, Forklog reported. The bank is one of the largest private commercial lenders in the country and the new platform, Alfa-Bank said, will use the Waves (WAVES) enterprise-grade hybrid blockchain network. The bank said the solution will allow self-employed workers to reduce their reliance on in-person visits to banks for processes such as business registration, payment issues, contractor status checks, income registration and tax matters.

HIVE Blockchain Technologies Ltd. announced its results for the second quarter ending September 30, 2020, saying revenue from digital currency mining was $ 13 million, an 8% increase from the same quarter last year. Gross mining margin increased to $ 9.2 million, from a loss of over $ 560,000 last year. Earnings per share rose to $ 0.03 from a loss of $ 0.04 during the period ended September 30, the press release said.

Animoca Brands, Hong Kong-based mobile game publisher, ha announced that F1® Delta TimeThe first Apex racing track segment “Formula 1 Grand Prix de Monaco 2020 1A” was auctioned for the record price of REVV 9,081,752, or approximately USD 223,000 at the time of sale. The track segment is a non-fungible token (NFT) that represents 5% fractional ownership in the Circuit de Monaco track within the F1® Delta Time blockchain game, the e-mailed press release said, adding that the auction for F1® Delta Time “Bahrain Edition 2020” Apex car NFT is currently underway.

Binance launched an Ethereum 2.0 (ETH 2.0) Staking service. According to the announcement, users participating in ETH 2.0 staking will receive BETH with a ratio of 1 ETH = 1 BETH and the staking rewards will be distributed daily in the form of BETH. BETH tokenizes a user’s share in the ETH 2.0 pool at a 1: 1 ratio and will allow users to redeem ETH at a 1: 1 ratio when ETH 2.0 Phase 1 becomes available, they said.
OKEx said the 10th round of OKB Buy-back & Burn, OKEx’s global token utility issued by OK Blockchain Foundation, was completed successfully. According to the announcement, an additional 10% of OKB was added to the burn, causing the total number of OKBs repurchased and burned by the OKB secondary market 4m ($ 21 million), which was transferred to a hole address dedicated black.
Australian Crypto Exchange BTC Markets apologized for accidentally exposing the names and emails of 270,000 customers earlier this week, Business Insider Australia reported. The company sent emails to groups of members that included their names and email addresses, which made users more vulnerable to phishing and other cyber attacks trying to access their cryptoasset. The company stated that the breach did not affect their exchange and that no passwords were revealed.

Decentralized Exchange Aggregator (DEX) 1 inch claimed to have raised $ 12 million from institutional investors, including Panther Capital, ParaFi Capital, is Nima Capital. These funds will be used to further develop a variety of 1-inch products, hire additional team members, fuel the project’s expansion into new markets and amplify marketing activities, they added.
Grayscale investments, a leading US-based digital currency asset manager and sponsor of Ethereum Trust in grayscale, claimed to have declared a 9-by-1 division of the Trust’s common issued and outstanding units of fractional undivided beneficial interest. With the share split, shareholders registered on 14 December 2020 will receive 8 additional Trust Shares for each Share held.