Tag: COIN:USDCUSD
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Crypto This Tuesday: Grayscale Win Boosts Crypto, Argo Blockchain Cuts Losses, and More
Court decision boosts Bitcoin and brings US closer to spot crypto ETF After a US appeals court instructed the SEC to review its denial of the Grayscale Bitcoin Trust to become an ETF, Bitcoin (COIN:BTCUSD) rallied 6.65% to hit $27,843.53. The market reacted positively, with Grayscale Bitcoin Trust rising 17% and other crypto assets posting gains. The…
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Crypto This Wednesday: Shopify Integrates Solana Pay, MoonPay Fixes Binance.US Failure, and More
Bitcoin teeters below $26,000 ahead of Jackson Hole Bitcoin (COIN:BTCUSD) briefly dipped below $26,000 with a weekly drop of 10.42% as the market awaits the central bankers meeting in Jackson Hole. At the time of writing, Bitcoin is trading at $26,382,32. Fundstrat’s Sean Farrell suggests Powell’s dovish comments could drive the recovery and notes a possible market…
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Crypto This Tuesday: Coinbase Buys Part of Circle, Phantom Introduces Simplified Solana Login, and More
Coinbase acquires Circle stake, overhauls USDC governance Coinbase (NASDAQ:COIN) announces the acquisition of an equity interest in Circle (COIN:USDCUSD) and the end of the Center Consortium, co-manager of USDC. With the regulatory evolution of stablecoins, the need for Center has reduced. Circle will have full control of USDC, which will expand to six more blockchains. Both companies will…
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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 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: Uniswap Founder’s Twitter Hacked, Solana Improves Reliability, and More
Social engineering scam on Twitter exposing risks in cryptocurrency accounts On Twitter, members of Crypto quickly warned of a scam promoted on the compromised account of Hayden Adams, founder of Uniswap. The scam included fake tweets claiming that Uniswap’s Permit2 contract had been affected and users’ tokens were at risk, encouraging them to click on a…
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Crypto This Wednesday: Aptos Tokens Unlocked, Coinbase Launches Encrypted Messaging Feature, and More
Bitcoin price rises after CPI data Bitcoin (COIN:BTCUSD) price rose to $31,000 after the release of US inflation data for June, which came in below expectations. The leading cryptocurrency has seen an increase of almost 18% over the last month. While slowing inflation may not stop the Federal Reserve from raising interest rates this month, some analysts believe…
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Crypto This Monday: 24 CBDCs by 2030, Standard Chartered BTC Price Prediction, and more
Miners face Bitcoin halving challenges The upcoming Bitcoin halving (COIN:BTCUSD), scheduled for April 2024, may pose more challenges for cryptocurrency miners compared to previous halvings. Mining experts say that around half of miners will struggle due to high electricity costs and accumulated debt. Previous halvings have been followed by big Bitcoin price rallies, but the upcoming halving…
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Crypto This Friday: BCH Topped June Gains, LTC Rises Ahead of Halving, SEC Deems BTC ETFs Inappropriate
Bitcoin Cash Leads Crypto Gains This Month, Up 132.30% Bitcoin Cash (COIN:BCHUSD) was the best performer among digital assets this month, with a gain of 132.30%. The increase was driven by the listing on EDX Markets and increased trading activity on Upbit in South Korea. BCH outperformed Bitcoin (COIN:BTCUSD) in terms of gains. The perceived…