stablecoin from PayPal and the fate of USDT

“Bring Back Ton Weiss” is a news podcast with the editors and friends of ForkLog about the main industry events of the week.

Issue topics: elimination of the consequences of the Curve hack, the reaction of the crypto community to the stablecoin from PayPal, forecasts for the growth of bitcoin, the prospects for WorldCoin technology.

Members: Lena Jess, Alex K.

Special guest: Web3 entrepreneur Vladimir Menascop.

Host: Aremefe.

Curve situation

The consequences of the large-scale DEX Curve hack that occurred on July 30 are being quickly eliminated: an unknown hacker who attacked the platform began returning stolen assets, the exchange reported receiving 70% of the funds withdrawn by the attacker from liquidity pools, Binance invested $ 5 million in CRV tokens.

A new player in the stablecoin market

Payments giant PayPal has announced the launch of the PayPal USD (PYUSD) “stablecoin”. The crypto community reacted to the news ambiguously: some hope for an increase in the user base of projects and expect an influx of investments, others point to high centralization and criticize the controversial design of smart contracts.


WorldCoin is a protocol that offers new mechanisms for personal identification and financial transactions based on biometric material. The technology is being developed by Tools for Humanity, one of its creators is Sam Altman, head of OpenAI. In a number of countries, the project has difficulties: the Kenyan authorities have suspended its activities and are conducting searches in the company’s warehouses, Germany and Argentina have initiated their own investigations.

Bitcoin Predictions

Crypto industry pioneer and Blockstream CEO Adam Back bet one million satoshis (0.01 BTC) that the price of bitcoin will reach $100,000 before the halving.

Subscribe to podcast:

Found a mistake in the text? Select it and press CTRL+ENTER

ForkLog Newsletters: Keep your finger on the pulse of the bitcoin industry!

Leave a Reply