Tag: COIN:BTCUSD
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Crypto this Wednesday: SpiritSwap Closes Operations, Aptos Labs and Microsoft Partner, and More
Bitcoin teeters near $30,000 as investors watch US inflation Bitcoin approached $30,000 on Wednesday morning as investors await the US July Consumer Price Index (CPI). Core inflation, excluding food and energy, is expected to reach 0.4%, indicating lower inflation, which may reduce the chances of a Federal Reserve rate hike. Analyst Oliver Rust predicts a rise in…
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Crypto this Tuesday: Coinbase’s Millionaire Bond Buyback, Binance Gets License in El Salvador, and More
Coinbase celebrates high with millionaire bond buyback managed by Citigroup After robust Q2 performance, Coinbase (NASDAQ:COIN) has proposed to buy back up to $150 million of its $1 billion bond, due in 2031. Investors who sell bonds by Aug. 18 will receive $645 for $1,000 of the face value; after that date and through September 1,…
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Crypto This Monday: PayPal Launches Stablecoin, Huobi Faces Significant Net Outflows, and More
PayPal launches dollar-backed stablecoin PayPal (NASDAQ:PYPL) has launched its dollar-backed stablecoin, PayPal USD (PYUSD), marking a significant shift towards digital currencies. PYUSD is fully backed by US Dollars and US Treasuries, with one-to-one redemption for US Dollars. The stablecoin will be available to US customers and could become the native token for PayPal’s cryptocurrency service. Issued on the…
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Crypto This Friday: 12 ETH ETF requests in the week, Revolut suspends crypto services, and more
Bitcoin rises 0.25% amid mixed unemployment data: traders await CPI On Aug 4, Bitcoin (COIN:BTCUSD) surged after mixed US unemployment data weakened the US Dollar. BTC/USD reached daily highs of $29,273. While US stocks and Bitcoin made modest gains, the US dollar was down 0.6% to 101.8 on the DXY index. Trader Michaël van de Poppe believes that…
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Crypto This Thursday: Shiba Inu Strengthens Digital Identity, Upbit Dominates July Trading, and More
Tether generates surprising profits and doubts Tether (COIN:USDTUSD) reported profits of over $1 billion in its latest quarterly attestation, which seems surprising for a company with only around 60 employees. The company holds a large amount of US Treasuries, which may explain its profitability. However, the lack of real money on its balance sheet is concerning and…
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Crypto This Wednesday: Litecoin Halving Completed, GameStop Shuts Down NFT Wallet, and More
Litecoin halving completed as cryptocurrency adoption grows in Africa and Latin America The Litecoin (COIN:LTCUSD) halving event has concluded, reducing block rewards to 6.25 LTC. The Litecoin blockchain underwent the halving procedure at block 2,520,000 on August 2, halving the rewards for miners. The price of LTC has dropped since July, hovering around $87.05. The CEO of BitPay highlighted…
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Crypto This Monday: July Hacks, Binance Gets Dubai License, Tether Boosts Reserves, and More
Binance obtains operating license in Dubai with regulatory restrictions Binance obtained the MVP Operating License in Dubai, allowing qualified users to access authorized services in compliance with VARA guidelines. However, the license has restrictions, being restricted to qualified investors. Binance continues to face challenges in other markets due to regulatory issues. In Japan, the exchange returned to the…
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Crypto This Friday: Crypto.com Gets Dutch Regulatory Registration, Sequoia Capital Reduces Crypto Fund, and More
Bitcoin maintains stability despite higher-than-expectation US inflation data Despite US inflation data beating expectations, Bitcoin (COIN:BTCUSD) held steady at the Wall Street open on July 28, with a modest increase in the Personal Consumption Expenditure Index (PCE). This could indicate a continued drop in US inflation. BTC price remained between $29,000 and $29,500 with resistance at $30,000,…
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Crypto This Thursday: Bruce Lee into the Metaverse, Optimism trumps Arbitrum, and more
Bitcoin and Ether futures contracts on CME draw record participation from major traders In the second quarter, regulated bitcoin ( COIN:BTCUSD ) and ether ( COIN:ETHUSD ) futures on the Chicago Mercantile Exchange (CME) saw record participation from large traders. The average of large open interest holders for Bitcoin futures was 107, while for Ether it was 62. Institutional interest…
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Crypto This Wednesday: Binance NFT Launches Bixel Generator, Singapore Recognizes Cryptocurrencies as Property, and More
Dogecoin reacts buoyed by payment speculation on Twitter, while Bitcoin awaits Fed announcement Meme cryptocurrency Dogecoin (COIN:DOGEUSD) posted a 10% increase on Tuesday, its biggest single-day gain since April 3, boosted by speculation of its use as a payment mechanism on Twitter’s rebranded platform. At the time of publication, the DOGE reversed down -5.19%. Meanwhile, Bitcoin (COIN:BTCUSD)…