Coinbase announced on Aug. 30 that it will soon add support for PayPal’s stablecoin, PYUSD, on the Ethereum network as an ERC-20 token. Trading is expected to begin on or after 9:00 AM PST on Aug. 31, assuming liquidity conditions are met. PYUSD was initially announced by PayPal on Aug. 7 and has since been […]
Cardano (ADA) has seen a surge in its network health, with a total of 4.261 million unique wallet addresses and a Total Value Locked (TVL) of 625.97 million ADA. Despite the crypto bear market, the Cardano network has seen a 6 percent growth in wallet addresses since April 1, 2023. However, the price of Cardano […]
Crypto ATMs are becoming increasingly popular in the United States, despite criticism for illegal or predatory behavior. These ATMs convert Bitcoin and other cryptocurrencies or stablecoins into or out of fiat, and usually charge a fee of 15-16%. The report identified four user groups for crypto ATMs, including cash users, older people, those motivated by […]
The United States Securities and Exchange Commission (SEC) has postponed its decision on WisdomTree’s Bitcoin Trust, which was first filed on December 8, 2021. In response to BlackRock joining the spot Bitcoin ETF race, WisdomTree refiled its application on July 19, 2023. Other institutional giants such as Valkyrie, Fidelity and Invesco have also re-filed their […]
Bitcoin trading volume has seen a large boost recently, according to data from the on-chain analytics firm Santiment. The trading volume refers to the daily total amount of a specific asset being moved around on the blockchain. When the value of this metric is high, it means that many tokens of the cryptocurrency in question […]
Florida Gov. Ron DeSantis cancelled a campaign event in which he was reportedly planning to announce the acceptance of cryptocurrency contributions toward his 2024 presidential run. The cancellation was due to the approach of Hurricane Idalia, which hit Florida’s coastline on Aug. 30.DeSantis has taken certain positions relevant to digital asset users. In July, he […]
US Bitcoin Corp (USBTC) has announced that it will host 8,500 Bitcoin miners with an estimated hashrate of 820 petahash belonging to bankrupt crypto lender Celsius at its Alpha Site. This is part of an arrangement that could see it manage up to 310,000 Bitcoin miners from Celsius and other clients. In May, USBTC, as […]
Trust Machines, a company building the largest ecosystem of Bitcoin applications, has announced the launch of its flagship wallet brand, Leather. Leather is a Bitcoin wallet with the mission of driving the global transition to a digital economy built on Bitcoin. Leather is a self-custodied, open-source and audited wallet, giving users the ability to securely […]
Binance, the world’s largest centralized exchange by trading volume, is considering the possibility of exiting the Russian market due to the ongoing heightened political sanctions against Russia from countries like the US. This could have a major impact on the entire crypto market, including Bitcoin Spark, a new DeFi project that intends to leverage blockchain […]
Regulators are still trying to figure out how to regulate the crypto industry, but recent judicial rulings have been promising. Bill Morgan, an attorney representing Ripple in its legal battle with the SEC, has commented on the changing interpretation of digital assets and the divergence from the SEC’s traditionally stringent perspective.Judge Katherine Polk Failla recently […]
