PayPal’s recent launch of PYUSD, an Ethereum-based stablecoin, has generated mixed reactions within the crypto community. While some view it as a significant step towards mainstream adoption for Ethereum, others express concerns about the potential implications for decentralization and personal control of assets. PYUSD, also known as PayPal USD, was introduced on August 7 and
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Cryptocurrency exchange Kraken has recently announced that it will be listing two Reddit cryptocurrency tokens, namely MOONS and BRICKS, on its platform. As of August 7th, users can now trade these tokens on both Kraken and Kraken Pro, across spot and futures markets, as well as through USD and EUR trading pairs. In addition to
Gala Games recently made an announcement about its plan to transition unsold and reserve NFT game items from the Ethereum network to its newly developed proprietary blockchain, GalaChain. This transition is expected to bring several advantages to gamers, including the ability to interact with their NFTs without having to pay Ethereum’s gas fees. Moreover, this
In a recent ruling in China’s Jiangsu province, Mr. Xu, a lender, found himself at a disadvantage when the court declared that his 341 Bitcoin loan to Mr. Lin was not protected by law. The loan was made through a peer-to-peer agreement using Bitcoin, as Mr. Xu lacked fiat funds at the time. However, when
The summer period has been marked by lackluster trading activity in the digital asset market. Investment products in the cryptocurrency space have seen outflows amounting to $107 million. This trend is indicative of profit-taking among investors, with weekly trading volumes in these products 36% lower than the year-to-date average. The decline in trading activity extends
The world of meme coins is constantly evolving, with new projects emerging and gaining traction among retail investors. One such project that has caught the attention of the crypto community is Wall Street Memes (WSM). Backed by influential YouTube influencers like Joe Parys and Michael Wrubel, WSM has quickly gained popularity and raised over $22
Ripple, the widely-known cryptocurrency platform, has recently made a groundbreaking decision by becoming a member of the prestigious International Swaps and Derivatives Association (ISDA). This move aims to position Ripple as a key player in the derivatives market, which has a staggering valuation of $1.2 quadrillion. By joining the ranks of industry giants like J.P.
In recent weeks, Bitcoin Cash (BCH) experienced a series of downward price movements, leading to a significant retracement of -27% since June 30. However, there has been a remarkable recovery with a +8.5% rally as holders strive to trigger a consolidation level. This strong display of resilience by BCH holders comes after facing rejection from
Worldcoin, a global World ID verification project, has recently claimed that its demand doubled during the first week of its launch. Despite the initial regulatory challenges it faced across multiple jurisdictions, the release of new Orbs worldwide contributed to the surge in weekly verifications. This growth adds to the already high verifications rate the project
Shiba Inu coin, a cryptocurrency that has been making waves in the financial world, recently experienced a significant 15% increase in value. This surge has raised questions about its ability to withstand a bear market and whether it is simply generating noise in the market. Let’s delve deeper into the recent developments and analyze Shiba
Over the past week, Bitcoin has shown an unusual calmness, with its price hovering around $29,000. This is quite surprising for a cryptocurrency as volatile as BTC. In fact, Bitcoin’s volatility has dropped to levels lower than even that of gold, as indicated by the 5-day weighted average. Looking at the 1-hour chart, it is
XRP, one of the top cryptocurrencies, is facing a significant challenge as massive whale wallets unload a substantial number of tokens into the market. These large holders of XRP have recently dumped over 100 million tokens, putting significant selling pressure on the price. The actions of whales reflect the broader market sentiment, often triggering a
With the continuous evolution of cyber threats, Blackberry has recently detected multiple malware families that target crypto assets, leading to massive campaigns in stealing cryptocurrencies from vulnerable devices. In the recent edition of ‘The BlackBerry Global Threat Intelligence Report,’ the once-dominant smartphone giant highlighted the finance, healthcare, and government sectors as the most targeted industries
XRP, the digital currency associated with Ripple Labs, experienced a surge in value following the company’s recent legal victory against the US Securities and Exchange Commission (SEC). While this legal win marked a partial victory for Ripple Labs, the momentum of the price surge has moderated in recent weeks, encountering resistance and initiating a downward