PayPal’s PYUSD stablecoin hits $1B market cap

New data from Pantera Capital, an investment firm and hedge fund, suggests that Bitcoin’s (BTC) current price action is closely following the stock-to-follow model’s trajectory and the firm’s analysts believe BTC will reach $115,212 by Aug. 1. Bitcoin’s parabolic rally may have placed the price a bit ahead of the model’s projection and this week’s 28%…

Grayscale’s Bitcoin Trust shares (GBTC) are currently trading at $7.49 per share, a 15.81% premium of Bitcoin. GBTC is the first publicly quoted security “solely invested in and deriving value from” Bitcoin and since listing it has been known to trade at a high premium, having hit a 2020 high of 41.42% on Feb. 18.…

As the start date of the trial of FTX co-founder Sam “SBF” Bankman-Fried approaches, new court filings indicate that SBF could pay his expert witnesses more than $1,000 an hour should they testify on his behalf.SBF may call seven expert witnesses to testify at his fraud trial, which is currently scheduled for Oct. 2, 2023. The

In the past 72 hours, Yearnfinance (YFI) surged by 58% after dropping to as low as $12,260 at a few exchanges. Three factors that may have catalyzed the sharp rebound are: YFI had become deeply oversold, lead developer Andre Cronje’s deep commitment to the project and the ever expanding use cases for YFI within a large…

Trading volumes across various verticals of nonfungible tokens (NFTs) have been on a tear this year.Combined sales for collectible and art NFTs have reached $7.4 billion as of Q4 2021. The art NFT market has grown from $17.8 million on January 1 to $1.8 billion in total sales as of Nov. 5, 2021. At the…

Yemi Osinbajo sees potential for crypto and blockchain. 1043 Total views 8 Total shares Nigeria’s vice president, Yemi Osinbajo, delivered a speech at an economic summit on Friday in which he spoke positively of crypto and blockchain. “There is no question that blockchain technology generally, and cryptocurrencies in particular, will in the coming years, challenge traditional…

The crypto community, including prominent industry lawyers and U.S. Senator Cynthia Lummis, is sounding off about the new lawsuit filed by the U.S. SEC against cryptocurrency exchange Kraken. 193 Total views 6 Total shares The crypto space has been making its feelings known about a lawsuit filed by the United States Securities and Exchange Commission

Hedera Hashgraph believes that enterprise blockchain platforms are not ideal for consensus between corporate actors, launching its consensus as a service model. 832 Total views 32 Total shares Hedera Hashgraph is positioning itself as a “Consensus-as-a-Service” blockchain, serving other enterprise chains with a hybrid network model.The concept was explained by Hedera CEO, Mance Harmon, at…

Bitcoin (BTC) price has started to show strength in its recovery since the black Thursday selloff this past week, but is this something we can expect to continue? Or is this a dead cat bounce on the way down to lower lows?In today's analysis I’m looking not only at the charts, but also at the…