The likelihood of another Federal Reserve policy rate hike grew stronger on Friday after Fed Chairman Jerome Powell’s speech at the Jackson Hole Symposium. During the speech, Powell reiterated that the Federal Reserve remains committed to bringing inflation down to 2%, despite some economists suggesting that achieving that target may be difficult. “Two percent is...Read More
Binance, the world’s largest cryptocurrency exchange, announced the termination of its crypto debit cards for customers in the Latin America and Middle East regions from September 2023. According to a response to inquiries by an X (formerly Twitter) user, the Binance crypto debit cards will no longer be available in the affected regions from September...Read More
Following an appearance by former President Donald Trump on Tucker Carlson’s X-based interview show, the value of Trump’s baseball card-style NFT collection saw a notable surge. According to reports, the 45,000-card polygon-based Trump Digital Trading Cards’ price increased from 0.1 ether ($150) last week to approximately 0.13 ether ($215) after the viral interview. Trump: “When...Read More
Although the lion’s share of the stablecoin market is occupied by USD-pegged assets – with a smaller subset of such pegged to the euro – companies all over the world have started launching stablecoins pegged to their native currencies in a bid to offer companies and consumers an alternative to traditional payment services. One of...Read More
Darshan Bathija – Chief Executive Officer of the cryptocurrency lending platform Vauld – revealed that the entity will implement several amendments, including appointing a new CEO. The bear market has significantly affected the Singapore-based company, which laid off a substantial chunk of its workforce in 2022 and suspended withdrawals and deposits. The problems did not...Read More
Stablecoin giant Tether has published another transparency report detailing the composition of its reserves, and the blockchains on which its tokens are issued. The report confirms that Tether has $3.3 billion in excess reserves, meaning its tokens are over 100% backed. Analyzing Tether’s Reserves Per the report published on Thursday, Tether owns $86.1 billion in...Read More
In an interesting development that brings together regular finance and the growing crypto world, Coinbase has announced that it will add PayPal’s stablecoin, PYUSD, to its platform. This comes right after Kraken also started allowing people to trade with PYUSD. This is a big step in making more people use this stablecoin. However, a warning...Read More
Roman Storm – one of the co-founders of the crypto mixer Tornado Cash – is no longer detained, currently being out on bail. The US authorities arrested the individual earlier this week over allegations that his entity facilitated money laundering operations and was involved with the North Korean hacking collective – the Lazarus Group. ‘Disappointed...Read More
Following successful private testing, the highly anticipated Shibarium (L2) update is scheduled for public release, creating excitement among the community, with some fortunate members having already received bridged $BONE tokens. The news comes after Shiba Inu’s team confirmed the smooth operations of the platform, which is now awaiting its public debut. Since its start, Shibarium...Read More
Jeremy Cahen, the founder of Not Larva Labs, has doxxed Zachary Testa as the alleged founder of the PEPE meme coin. The news comes with a 19% drop in the coin’s price within the last 24 hours. 🚨 @pepecoineth Dox: Here is Zachary Testa aka @degenharambe aka @LordKekLol on TG from Phoenix, AZ. He infamously...Read More
[PRESS RELEASE – Tbilisi, Georgia, August 25th, 2023] In the dynamic world of cryptocurrency, new investment opportunities arise, captivating individuals eager to participate in this groundbreaking market. One such opportunity lies in Web3 companies, which are redefining industries and business models with blockchain technology. Pyme recognizes the potential of early-stage Web3 companies and is launching...Read More
Crypto analytics platform Santiment has found that bitcoin (BTC) supply on exchanges has plummeted to its lowest level in roughly six years. On-chain data analyzed by the firm shows that only 5.8% of the total BTC supply sits on trading platforms, and this level was last seen on December 17, 2017. Bitcoin Supply on Exchanges...Read More
In a relatively surprising series of events, a substantial purchase of XRP tokens totaling $1.5 million was executed, sending ripples (no pun intended) through the cryptocurrency community. This acquisition led to the creation of two notable green candles on the XRP chart – an event that has sparked conversations about a potentially more impressive price...Read More
Binance, a leading cryptocurrency exchange recently experienced five major Bitcoin withdrawals worth $150 million in the span of a minute. The transactions were all recorded in block 804522 and could be indicative of various factors, such as security, investment strategy, or preparation for a significant transaction. The movement of such an enormous amount of Bitcoin...Read More
On Aug. 24, two more Ethereum futures ETF applications were filed with the U.S. Securities and Exchange Commission. ARK Invest and 21Shares have partnered on the latest two proposals. The two applications are for an “ARK 21Shares Active Ethereum Futures ETF” (ARKZ) and a “ARK 21Shares Active Bitcoin Ethereum Strategy ETF” (ARKY). We have two...Read More
[PRESS RELEASE – Tallinn, Estonia, August 24th, 2023] Cryptocurrency exchange and wallet provider Connectee has launched Card to Crypto acquiring allowing users to instantly top up their crypto balances with Visa or Mastercard. This new feature provides a seamless fiat-to-crypto onramp by eliminating the need for wire transfers or manual bank account linkages. The Card...Read More
The leading cryptocurrency exchange – Bitstamp – will reportedly disallow US customers to stake cryptocurrencies from September 25. The decision comes as a result of the “current regulatory dynamics” in the world’s largest economy, Chief Executive Officer Bobby Zagotta said. US Citizens Affected Once Again The world’s longest-running crypto exchange – Bitstamp – will become...Read More
