METALABS CRYPTO NEWS ??

? **Over 60 Fake PayPal Stablecoins Trading On Blockchains

In** the wake of PayPal’s recent debut of its dollar-pegged PYUSD stablecoin, fraudulent actors are attempting to take advantage of the situation by circulating counterfeit tokens across various networks. The influx of opportunists, speculators, and potential scammers has given rise to look-alike tokens, each sporting the “PYUSD” ticker. Decentralized exchange scanner DEX Screener has identified more than 60 newly spawned token pairs under the “PYUSD” label since the announcement. These counterfeit tokens have proliferated on diverse blockchain networks such as BNB Smart Chain, Ethereum, and Coinbase’s latest layer 2 platform, Base. The most prominent imitation, a PYUSD token minted on Ethereum, has amassed an astonishing $2.9 million in trading volume merely a day following the PYUSD revelation.

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Evidence of crypto usage by ISIS is mounting — TRM Labs

Blockchain intelligence platform TRM Labs revealed that USDT on the Tron network is the primary choice for transactions among ISIS affiliates across Asia. Blockchain intelligence platform TRM Labs recently released a report highlighting the escalating use of cryptocurrency by the Islamic State of Iraq and Syria (ISIS) affiliates across Asia. It linked significant on-chain connections between these groups and pro-ISIS fundraising campaigns in Syria.

https://cointelegraph.com/news/evidence-crypto-usage-isis-trm-labs

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Binance releases the H1 2023 report: Bitcoin market dominance hits a new high!https://coinmarketcap.com/community/articles/64bbfcfa9c21e36091eae248/

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Kuwait Bans Crypto and Virtual Assets Transactions
According to a recent circular published by Kuwait’s Capital Markets Authority (CMA), the use of crypto for payments, mining and investments has been placed under “absolute prohibition” in the country. The regulator also banned other local regulators from issuing any licenses allowing firms to provide virtual asset services as a commercial business. However, it also stated that any securities or other financial instruments regulated by the Central Bank of Kuwait and the CMA are excluded from the latest prohibitions.

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https://cointelegraph.com/news/crypto-kuwait-bans-crypto-and-virtual-assets-transactions

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