PayPal is exploring creating its own stablecoin
PayPal is looking into launching its own stablecoin as the company grows its crypto business. According to CoinDesk, PayPal subsidiary Curv was actively working on developing a stablecoin.
A PayPal spokesman stated that the company is exploring a stablecoin and will work closely with relevant regulators to move forward.
Hightlights of the week
$EGLD Maiar DeFi Wallet goes live
$ZEN partners with Dot Arcade for Play-to-Earn gaming and NFTs
$AAVE Arc launches for institutional lending and liquidity
Drone Racing League launches P2E game on $ALGO
Samsung opens virtual store in $MANA metaverse
Horizen partners with Dot Arcade NFT game
Horizen (ZEN) announced a new partnership with Dot Arcade, a blockchain gaming platform designed to combine arcade MOBA genres.
This partnership will explore bringing new play-to-earn games and NFTs to market and enabling users to store and trade in-game NFT assets on Horizen.
OpenOcean is integrating Chainlink Keepers to enable Limit Order functionality
OpenOcean announed integrating with Chainlink Keepers to enable secure and reliable limit order functionality on OpenOcean’s DEX aggregator, starting with BSC but expanding to additional networks in the future.
Chainlink oracles will also support trading tools in OpenOcean’s new SaaS product for intelligent wealth management, such as grid trading.
Top 3 Daily Gainers
$IRIS: Up 46.03%
$MNET: Up 34.3%
$KNC: Up 16.94%
IRIS, the Token of the IRIS network project – unexpectedly increased by more than 46% in the last 24 hours with a transaction volume of 126.3 million USD, currently topping the growth chart today on ONUS.
Two other assets, MNET and KNC ranked 2nd and 3rd respectively, showing positive activity on blockchain infrastructure/network projects.
Over 5,300 BTC bought by 3 of the largest Bitcoin whales
According to BitinfoCharts, three of the top 50 BTC whales have purchased 5,322 Bitcoins in total, worth $225,204,067 at the current BTC/USD exchange rate.
Bitcoin price hits 90-day low
On Jan.7, Bitcoin continued to decline and hit a low of 41,782 USD – the lowest level in the past 3 months.
Total crypto market capitalization has fallen from above $2.2 trillion on Jan.5 to $2.08 trillion on Jan.7.
Team Vitality inks partnership with Tezos ecosystem
Global eSports organization Team Vitality joined forces with Tezos to bring eSports rosters closer to fans through community efforts, fan rewards, and education schemes.
The education scheme will focus on “educating fans on the benefits of blockchain as part of the gaming experience” and help fans understand the developments being made in the eSports and blockchain spaces.
Terra would provide over $139 million in UST and LUNA to several leading DeFi projects
Decentralized stablecoin issuer Terra issued an ambitious proposal to expand the interchain deployment of its UST stablecoin across five projects on Ethereum, Polygon, and Solana for the next six months.
In each proposed deployment, Terra would deposit UST in varying amounts from $250,000 to $50 million to boost the stability of each of the new partner projects.
Thai Crypto traders subject to 15% capital gains tax
According to the Thai Ministry of Finance, profits from cryptocurrency transactions in the country are subject to capital gains tax at the rate of 15% in 2022.
Those affected by the bill include investors and miners, while digital asset exchanges will be exempt from taxes.