At Consensus 2024, PayPal Holdings, Inc. announced on May 29 that it would expand its stablecoin, PayPal USD (PYUSD), to the Solana blockchain. Paypal’s goal is to enhance transaction speeds and reduce costs, providing users greater flexibility and control. The integration will use Solana’s high-speed and low-cost infrastructure. PayPal USD is issued by Paxos Trust...
MicroStrategy head and Bitcoin advocate Michael Saylor has highlighted major Bitcoin ETF milestone in his recent X (Twitter) post. He noted that more than 1 million (or 1 Nakamoto) BTC are held in spot Bitcoin exchange-traded funds (ETFs). “32 Bitcoin spot ETFs now hold 1 Nakamoto of BTC,” his post read. 32 #Bitcoin Spot ETFs...
Communities across the web are pausing to reflect on the life of Kabosu, the dog behind the Doge meme and Dogecoin mascot, who passed away at 17 on May 25. Kabosu’s owner, Atsuko Sato, announced the news in a post on her official blog, expressing her deep gratitude for the love and support shown to...
Bitcoin bulls have little to worry about regarding the BTC price uptrend, according to QCP Capital. The recent movement of coins from the defunct exchange Mt. Gox, which led to a 2% drop in BTC prices, is seen as a temporary setback rather than a significant shift in market trajectory. QCP highlights three bullish reasons...
The Southwark Crown Court in London, UK, sentenced a woman to jail for money laundering bitcoin tied to a billion-dollar investment fraud. Jian Wen was sentenced to nearly seven years in prison on Friday after being found guilty of money laundering in connection with a £5 billion ($6.4 billion) fraud scheme. Woman Jailed for Laundering...
Bitcoin (BTC), the leading cryptocurrency, struggled to halt its previous bearish trend, hovering around the $67,824 mark and hitting an intra-day low of $66,600. The decline intensified following the release of robust US labor market and Services PMI data, which reduced investor expectations of a September Fed rate cut and decreased demand for riskier assets....
The FTX estate, responsible for managing the defunct exchange’s bankruptcy, has auctioned off the last of its heavily discounted Solana (SOL) tokens. The tokens were sold to Pantera Capital and Figure Markets at a significantly reduced price as part of efforts to reimburse creditors and former clients. FTX Sold $2.6 Billion Worth Of Solana Token...
Bitcoin whales, large holders of the cryptocurrency, have shown an increased appetite for accumulating more coins, signaling a return of confidence in the bull market, as per blockchain data. The resurgence in whale activity comes after the price of Bitcoin reached its all-time high in March and subsequently experienced a significant market correction. Market intelligence...
The Russian Central Bank says it has noticed a significant rise in citizens’ transactions on crypto exchanges and peer-to-peer crypto trading platforms. Per the Russian media outlet RBC, the bank has published a financial stability report, making several observations on Russian citizens’ crypto transactions. The bank wrote about trends it had noticed from the fourth...
As Bitcoin tumbles following the SEC’s approval of ether ETFs, market analysts are closely monitoring the next key levels. Bitcoin’s price prediction indicates a potential bullish trend, with BTC/USD currently trading at $69,042. This update explores the pivotal support and resistance levels, providing insights into the future movements of Bitcoin amidst the shifting regulatory landscape....