Robinhood, Kraken, Paxos launch Global Dollar stablecoin network

Weak tech corporate earnings, spot Bitcoin ETF inflows, and the potential arrival of a new major investor drove Bitcoin price above $63,000.

Hong Kong-based blockchain financial services firm Diginex Ltd. is scheduled to go public through a reverse merger with investment holding company 8i Enterprises Acquisition Corp. Subsequently, the firm will be listed on the Nasdaq, Bloomberg reported on July 10.Diginex is reportedly going to close a reverse merger deal with 8i, which will reportedly amount to…

Tether's market capitalization has reversed a three-month downtrend while USDC sees a drop in value after the U.S. imposed sanctions against Tornado Cash. 172 Total views 25 Total shares The market capitalization of Tether (USDT) tokens has increased by nearly $2 billion since the U.S. Treasury Department imposed sanctions on cryptocurrency mixer Tornado Cash.The Office…

Neo3 promises to provide file storage and digital identity, though the demand is questionable 369 Total views 8 Total shares In an open letter today to Neo community members, the Neo Foundation reflected on the past four years of activity and teased their plans for the future: Neo3, the third iteration of their smart contract-enabled…

The Dow Jones Industrial Average has declined for eight consecutive weeks, the first such losing streak since 1923. On May 20, the S&P 500 briefly fell into bear market territory, indicating that traders continue to sell risky assets in fear of a recession. Due to its tight correlation with US equities markets, Bitcoin (BTC) has remained…

Digital payments company Block Inc. is pursuing legal action against Roger Ver’s Bitcoin.com over alleged trademark infringement involving its newly launched Verse token, which concluded a $33.6 million private sale in May 2022. In a letter addressed to Bitcoin.com CEO Dennis Jarvis and the company’s legal counsel Joseph Collement, lawyers representing Block claimed that Bitcoin.com’s use…

Thursday, April 4 — following its first major bullish move in 2019, the crypto markets reversed to see red today, with Bitcoin (BTC) having dipped below the $5,000 threshold.Out of the 20 top coins by market cap, only two altcoins are seeing some growth over the day. Ranked 17th and 18th by market cap, NEO…

Long before Bitcoin (BTC), Bernie Madoff sat atop the longest-running, largest fraud in history. The rise and real-time fall of Sam “SBF” Bankman-Fried, former CEO of crypto exchange FTX, were expedited in comparison. While the similarities are profound, the storyline is not: Create organizations under false pretenses, develop relationships with people in authority positions, defraud…

The price of Bitcoin (BTC) and Ethereum’s Ether (ETH) plunged by 13% and 21%, respectively, within minutes on Aug. 2. The move liquidated more than $1 billion worth of futures contracts as BTC/USD dropped from around $12,000 to as low as $10,550.BTC/USD 1-hour chart. Source: TradingviewThere appear to be two main reasons behind the sudden…