Bitcoin drops $28.8k amid huge crypto record huge outflows
Market Analysis

Bitcoin drops $28.8k amid huge crypto record huge outflows

August 7, 2023 0

Bitcoin price fell to $28,800 across major exchanges as Ethereum hit lows near $1,800. Equities also showed signs of uncertainty with mixed trading recorded. Crypto investment products saw outflows totaling $107 million, the primary focus […]

Market Analysis

PayPal Launches PYUSD to Compete With USDT And USDC

August 7, 2023 0

Fintech company PayPal has announced the launch of a stablecoin, PYUSD, which will be backed by the US dollar, short-term treasuries, and similar cash equivalents. The stablecoin ecosystem has been viewed skeptically, particularly after the […]

Market Analysis

Impact of the Huobi insolvency rumours

August 7, 2023 0

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

August 7, 2023 0

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 […]