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Payments giant PayPal is reportedly going to start offering customers yield on its proprietary stablecoin product. According to a new report by Bloomberg, PayPay is planning on offering rewards to users of their stablecoin PayPal USD (PYUSD) as a means of increasing its usage. The report says that the program is expected to launch sometime during the summer, though no specific date was mentioned, and would allow users of both PayPal and Venmo to earn 3.7% annually on PYUSD holdings in their crypto wallets. The rewards – which accrue on a daily basis and get paid out monthly – will…

Key Takeaways:Bitcoin short-term holders are back in profit, increasing chances for a rally to $100,000.Long-term holders added 363,000 BTC since February, with new buyers injecting capital in April.Bitcoin sell pressure risk exists at $97,000, where 392,000 BTC could be sold. Bitcoin’s (BTC) surge above $91,700 on April 22 pushed its value above the short-term realized price or cost basis. This implies that a majority of short-term holders (STHs) are currently back in profit.STHs returning to profit after unrealized losses signal a bullish outlook, paving the way for a potential $100,000 retest.Bitcoin short-term onchain cost basis bands. Source: GlassnodeHistorically, during the…

Crypto drainers, malware designed to steal cryptocurrency, have become easier to access as the ecosystem evolves into a software-as-a-service (SaaS) business model.In an April 22 report, crypto forensics and compliance firm AMLBot revealed that many drainer operations have transitioned to a SaaS model known as drainer-as-a-service (DaaS). The report revealed that malware spreaders can rent a drainer for as little as 100 to 300 USDt (USDT).Crypto drainers report image. Source: AMLBotAMLBot CEO Slava Demchuk told Cointelegraph that “previously, entering the world of cryptocurrency scams required a fair amount of technical knowledge.” That is no longer the case. Under the DaaS…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum (ETH) is beginning to show signs of a potential bullish reversal, with the second-largest cryptocurrency by market cap climbing 9.1% in the past 24 hours. Alongside the price surge, Ethereum’s network activity has seen a notable uptick. Ethereum Network Activity Explodes Amid Price Rally According to a recent CryptoQuant Quicktake post by analyst Carmelo_Aleman, Ethereum’s active addresses have surged significantly over the past few days. Between April 20 and April 22, ETH active addresses jumped from 306,211 to 336,366 – an increase of 9.85% in just…

Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, the Ethereum protocol reporter on CoinDesk’s Tech team.In this issue:Vitalik Buterin Proposes Replacing Ethereum’s EVM With RISC-VMatter Labs, ZKsync Developer, Sued for Alleged Intellectual Property TheftScroll’s Euclid Upgrade Pushes It Into ‘Stage 1’ Decentralization EraEigenLayer Adds Key ‘Slashing’ Feature, Completing Original VisionThis article is featured in the latest issue of The Protocol, our weekly newsletter exploring the tech behind crypto, one block at a time. Sign up here to get it in your inbox every Wednesday.Network NewsSWAPPING THE EVM FOR RISC-V?:…

The cryptocurrency world was shaken by another cyberattack, this time involving the Singapore-based exchange BingX. On Friday, the company confirmed that it had suffered a security breach after detecting suspicious outflows from one of its hot wallets. Despite the severity of the situation, BingX assured users that they would be fully compensated and that the majority of assets remained secure. The BingX team communicated the incident through a post on X (formerly Twitter), revealing that they had detected abnormal access to the hot wallet, suspecting a hacker attack. “We immediately initiated an emergency response, including asset transfers and temporarily pausing…

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Crypto analyst Melika Trader has warned about a bearish pattern that could be forming for the Bitcoin price. Based on this, the analyst predicts that the largest crypto by market cap could crash to as low as $78,000.  Bitcoin…

Friend.tech, the decentralized social media app, has shown an impressive boost in transaction volumes after being virtually dead for some time. Additionally, its popularity is surpassing the trading volumes of NFTs on the Ethereum network. Quick Takes: Friend.tech has returned after being missing from the market for a while. The network has surpassed NFTs in trading volumes. The platform has done this for the third time in its total transaction history. Decentralized social media app Friend.tech has over 155,000 unique traders, according to Dune Analytics. Comeback of the Friend.tech  Friend.tech, a decentralized social media app that was declared virtually dead at the…

Gold’s parabolic surge sparks risk-off warnings, but Ethereum’s rally hints at risk appetite returning. Divergence grows as gold and ETH both climb — signal of macro shift or just market noise? As gold rips into parabolic territory, seasoned market watchers are raising red flags. Michael Van De Poppe, known for his timely macro calls, warns that the metal’s vertical climb could mark the onset of a broader risk-off reversal. Yet, in a curious twist that challenges this cautionary tone, Ethereum [ETH] has bounced back above $1,700; hinting that the risk-on trade may still have breath left in it. So what…

The University of the Hespérides, an institution known for its classical liberal academic philosophy, has launched the first-ever Master’s program in Spanish dedicated exclusively to Bitcoin, according to an exclusive press release sent to Bitcoin Magazine. Starting April 28, 2025, the fully online program aims to prepare professionals with the technical, economic, legal, and philosophical tools needed to lead in the Bitcoin era. “Without sound education, we risk continued misunderstanding and underutilization of its potential. This program is intended to close that gap and train professionals who can engage with Bitcoin responsibly and knowledgeably,” said Álvaro D. María, director of…