Block Journal Bites - 08.07.2023

This weeks trending blockchain and NFT topics & news to keep you up-to-date on the industry.

GM Blockchain Enthusiast. This is Block Journal Bites, the blockchain newsletter that brings you all the news, updates, insights, and memes you need to get through your week.

IN THIS ISSUE:

• PayPal enters the blockchain race - plans to release token on the Ethereum network pegged to $USD.

• Elon Musk announces fight vs Mark Zuckerberg will be livestreamed on X, all proceeds to charity.

• X User @HanweChang outsmarts Blur copy-trader bot for 800ETH profit.

• SuperTrip.land web3 shooter browser-based game releases it’s open beta.

PAYPAL TO RELEASE STABLECOIN PYUSD

Get ready for a game-changer! PayPal is stepping into the stablecoin arena with a brand-new offering. Here's the scoop:

1. Backed by Solid Assets: This stablecoin is backed by U.S. dollars, short-term treasuries, and other reliable cash equivalents. You can trust its stability.

2. Easy Redemption: You can redeem this stablecoin for USD anytime you want. It's designed to give you peace of mind.

3. Issued by Paxos Trust Company: The stablecoin will be issued by the reputable Paxos Trust Company, ensuring trust and security.

4. Seamless Transfers: Move the stablecoin between PayPal, Venmo, and other compatible wallets effortlessly.

5. Future-Ready: You'll even be able to use this stablecoin to make purchases through PayPal in the future.

Why is this a big deal? Well, PayPal is no small player. With a massive user base of 430 million worldwide and a whopping $1.36 trillion in payment volume last year, they're a financial force to be reckoned with. It's like they've joined the ring of the $120 billion stablecoin market, and the competition is heating up!

Read more about PYUSD on Block Journal

MUSK vs. ZUCKERBERG LIVE ON X

TRADER MAKES OUT WITH 800ETH OUTSMARTING BLUR COPY-TRADER BOT

X (formerly known as Twitter) user @HanweChang outsmarted a Blur.io copy-trader bot that was copying his bids. Hanwe came out with over 800ETH (Over $1.5 Million!!) from the move.

What do you guys think though? Are these funds considered stolen? Let us know in the comments.

Read more on Block Journal

SUPERTRIP.LAND2 RELEASES OPEN BETA

Web3 shooter game Supertrip.land releases their open beta. You can play and try out the game now!

Have a good week!

Best,

Mike
@CryptoMuse
Editor-in-Chief Block Journal

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.