PayPal’s PYUSD stablecoin hits $1B market cap
PYUSD is competing with rivals such as Circle’s USDC and Tether’s USDT.
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Bloomberg: Bitcoin Is Setting Up For 2017-Like Bull Run
A recent Bloomberg report concluded that Bitcoin may be priming for a massive bull run. 3268 Total views 150 Total shares A recent Bloomberg report states that Bitcoin (BTC) is preparing for a massive bull run.Even the report’s name is bullish — “Bitcoin Maturation Leap”. The report mentions a number of reasons that the Bitcoin…
BlockFi opens crypto withdrawals for eligible US users following court order
The lending platform halted client withdrawals amid filing for bankruptcy in November 2022, but later petitioned the court for authorization to return user funds. 367 Total views 4 Total shares Many customers at defunct crypto lending firm BlockFi have reported being able to withdraw funds for the first time in months following an order from…
Bitcoin falls alongside stocks following Bank of Japan rate hike comments
Bitcoin opens the week in the red as comments from the Bank of Japan and a sharp sell-off in equities markets negatively impact BTC price.
Crypto Biz: Jump Crypto exec steps down, first MiCA deadline looms, and more
This week’s Crypto Biz explores the departure of Jump Crypto’s CEO, Animoca Brands’ return to public markets, the corporate dispute between Riot and Bitfarms, and other news.
Stablecoin supplies and cash reserves in question amid crypto exodus
The fallout from Terra’s collapse continues as outflows from Tether (USDT) hit an average of $1.1 billion a day over the past week. 196 Total views 5 Total shares Cryptocurrency investors and traders have cashed out $7.7 billion from the stablecoin Tether (USDT) resulting in its market capitalization falling by 7.8% over the past seven…
DeFi User Base Needs to Be More Decentralized, Says Former ConsenSys Exec
A panel of known Ethereum investors and influencers discussed decentralization and the value of the total value locked in DeFi. 1553 Total views 16 Total shares At a Kraken-hosted webinar titled “DeFi-ing expectations: the future of Ethereum,” panelists discussed the rise of decentralized finance, its defining features and how to measure its success.The webinar was…
Bitcoin price slips from $58K as US PPI, jobless claims surprise
Bitcoin faces a struggle for support into the Wall Street open as US macro data piles in thick and fast.
Bitcoin maxis DeFi ideology as BTC tokenized on Ethereum tops $1B
After failing to hold the $11K mark and exposing what some analysts have described as a general apathy to trade BTC at these levels, Bitcoin (BTC) price is once again flirting with $11,000. As suggested by Cointelegraph contributors Marcel Pechman and Micheal van de Poppe, a move above $11K is not a deeply significant milestone as…