Another week is here for Tech Times' CryptoWatch, providing you a roundup of the top news from the past week, with a massive win for the industry as PayPal confirms PYUSD is accessible via Venmo. There is also the massive suit filed by FTX against Sam Bankman-Fried's parents, with the company claiming that they have been profiting from the exchange.
Here at CryptoWatch, users will also get to see the prices of the top coins in the industry, getting the lot up to date and ready for this incoming week.
PYUSD Is Now Accessible via Venmo says PayPal
PayPal is now equipping Venmo with a new feature that allows access to PYUSD, a stablecoin from the company called PayPal USD, centering on a stable digital asset to connect fiat dollars to the web3 ecosystem. With the feature coming to Venmo, users may use their money transferring and management app to send, receive, and trade the coins directly on the app.
According to PayPal, this would initially be available to select Venmo users to start, and in a few weeks, would be rolling out to the general public.
PYUSD is now available in different crypto exchange platforms including Crypto.com, Bitstamp, Coinbase, and Kraken-alongside various wallets like MetaMask, Ledger, and Phantom.
FTX Sues Sam Bankman-Fried's Parents
The defunct and bankrupted crypto exchange company, FTX, is now suing Sam Bankman-Fried's parents, both of whom are renowned Stanford academics, Joseph Bankman and Barbara Fried. The suit claims that SBF's parents have participated in profiting from the company at the expense of clients, citing that the founder and CEO made FTX a "family business."
As per FTX (via Reuters), Bankman and Fried received $10 million cash and a $16.4 million luxury home situated in the Bahamas before the infamous bankruptcy declaration last year.
Apart from this, Joe Bankman complained about his $200,000 a year salary, best known for his active role within the company. It was also claimed that he charged FTX for private aircraft charters and hotel accommodations amounting to $1,200 per night.
Top Crypto Prices Now
Crypto is at a standstill now, as there are no significant drops and notable improvements to its state, having an almost-same pricing from last week, as seen on CoinMarketCap.
- Bitcoin - Price: $26,250 | Down by 0.80 percent in the past 7 days
- Ethereum - Price: $1,580 | Down by 2.11 percent in the past 7 days
- Tether USDT - Price: $1.00 | Down by 0.02 percent in the past 7 days
- Binance Coin BNB - Price: $208 | Down by 3.82 percent in the past 7 days
- XRP - Price: $0.501 | Up by 2.26 percent in the past 7 days
- USDC - Price: $1.00 | Down by 0.01 percent in the past 7 days
- Dogecoin - Price: $0.061 | Down by 0.43 percent in the past 7 days
- Cardano - Price: $0.2445 | Down by 0.42 percent in the past 7 days
- Solana - Price: $19.40 | Up by 3.77 percent in the past 7 days
- Toncoin - Price: $2.20 | Down by 4.64 percent in the past 7 days
