In a startling development, PayPal’s cryptocurrency partner inadvertently issued stablecoins worth an unprecedented $300 trillion due to a technical error, sending shockwaves through the crypto market. While the digital assets were quickly invalidated, the incident underscores the vulnerabilities inherent in algorithmic stablecoin systems and the operational risks associated with high-volume crypto minting. Analysts highlight the… Continue reading PayPal’s Crypto Partner Mints $300 Trillion in Stablecoins Amid Technical Glitch
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PayPal’s Head of Capital Markets Departs to Lead Crypto Treasury Venture
PayPal’s Head of Capital Markets, Knox, has announced her departure to spearhead a crypto-focused treasury initiative, marking a notable shift from traditional financial markets to digital assets. Knox played a key role in managing PayPal’s investment and liquidity strategies, and her move reflects the growing appeal of cryptocurrency and decentralized finance to seasoned financial executives.… Continue reading PayPal’s Head of Capital Markets Departs to Lead Crypto Treasury Venture