Regulation
PayPal to Issue Dollar Pegged Crypto Stablecoin: Bloomberg
The PayPal USD will be pegged to U.S. dollars and issued by Paxos Trust. Source link
Month: August 2023
Ethereum
Federal Reserve’s Rate Hike Cycle Has Peaked, Investment Banks Say
Back then, most central banks, including the Fed, were pumping record amounts of money into the system through zero interest rate policy and unlimited bond buying to help the global economy absorb the shock from […]
Bitcoin
Former MicroStrategy (MSTR) CEO Michael Saylor’s Wager on Bitcoin (BTC) Looking Better
A rebound in the price of bitcoin has sharply narrowed losses for MicroStrategy’s (MSTR) holdings of the cryptocurrency. When Michael Saylor stepped down almost exactly a year ago as CEO of MicroStrategy to become its […]
Market Analysis
Hong Kong warns unlicensed crypto exchanges “misleading” users
Hong Kong regulator the Securities and Futures Commission (SFC) published the warning on August 7. Crypto exchanges yet to apply for licences but have gone ahead to publicise the same. Shiba Memu presale gathers speed […]
Market Analysis
This Bitcoin (BTC) Price Level Could Determine Future Trend
The price of Bitcoin (BTC) is trading between key resistance and support levels at $31,000 and $28,000, respectively. Whichever breaks first could determine the future trend’s direction. The weekly and daily timeframe readings are both […]
Regulation
Growing ADA Sentiment Boosted 2Q Cardano Blockchain Activity: Messari
The report, commissioned by Cardano developer Input Output, compared second-quarter developments against first-quarter figures. It noted that while transaction activity grew, the number of active daily users decreased 4% – the fourth drop in address […]
Ethereum
Worldcoin's Nairobi Warehouse Raided by Kenyan Police: Local Reports
Kenyan police raided Worldcoin’s Nairobi warehouse and confiscated documents and machines on Saturday. Source link
Bitcoin
Low Bitcoin Volatility Masks Market Dynamics
In the world of Bitcoin, silence is not always golden. The recent weeks have seen Bitcoin’s price volatility drop to historical lows, with the BTC price trading mostly between $29,000 and $30,000. However, beneath this […]
Market Analysis
Impact of the Huobi insolvency rumours
Justin Sun has dismissed the insolvency rumours as FUD. Amid the broader crypto market uncertainty, Bitcoin has retreated from the $30k level. Meanwhile, the AltSignals presale continues to attract investors as funds raised surpass $1.24 […]
Market Analysis
Worldcoin Data Could Be Sold to Governments, Privacy at Risk
In an unprecedented move, Worldcoin, a cryptocurrency project co-founded by Sam Altman, the CEO of OpenAI, has announced plans to allow other organizations to utilize its groundbreaking iris-scanning and identity verification technology. This move serves […]