The stablecoin PayPal USD (PYUSD), issued jointly by payment giant PayPal and cryptocurrency company Paxos, experienced a notable decrease in circulation in March. According to Paxos’ most recent transparency report on PayPal USD, the circulation of PYUSD in March totaled $188.5 million, marking a 39% decrease compared to the previous month. Paxos’ PYUSD Market Capitalization...
Anthony Scaramucci, the founder and managing partner of hedge fund SkyBridge, remains bullish on Bitcoin saying the cryptocurrency has room to run in an interview with CNBC. Scaramucci predicts Bitcoin price will reach $170,000 by the end of this cycle, citing factors like adoption adding spot Bitcoin exchange-traded funds playing a big role in Bitcoin’s...
Spot Bitcoin (BTC) exchange-traded fund (ETF) flows are anticipated to remain robust leading up to the Bitcoin halving, according to Santiment, an on-chain analytics firm. In a recent post on X, the company noted that Bitcoin ETF volume has not slowed down since the asset’s mid-March all-time high. Santiment said that trader activity continues to be higher than...
A significant phishing campaign targeting users of the Ethereum blockchain explorer Etherscan has come to light, with several advertisements identified as part of the malicious operation. The campaign was called out by a user on X, who raised a red flag about the presence of potentially malicious phishing scam ads. Warning Issued After Phishing Campaign...
A group of lawmakers in Paraguay have called for a temporary banning of Bitcoin mining, which they say has been interrupting the nation’s power supply. In a bill introduced on April 4, fourteen Paraguayan senators have called for temporary prohibition of creation, and storage of cryptocurrencies, along with banning crypto mining farms in the territory....
Jim Lee, a 29-year veteran of the United States government with a significant tenure as the chief of the Internal Revenue Service’s (IRS) Criminal Investigations team, has transitioned to a new role at cryptocurrency analytics firm Chainalysis. In an announcement on April 8, Chainalysis revealed that Lee has joined the company as its global head...
JPMorgan CEO Jamie Dimon warned his fellow shareholders of increased U.S. inflation due to “a growing need for increased spending” in his annual shareholder letter published on Monday. Covering everything from AI to policy making, Dimon’s letter lauded the U.S. economy for being “resilient” despite an “unsettling landscape,” particularly in the face of growing inflation...
The Japanese yen strengthened against other major currencies in the Asian session on Friday, as Asian stocks traded lower following the sell-off on Wall Street overnight, on renewed concerns over the outlook for interest rates, with the likelihood of a rate cut in June remaining uncertain. Higher energy prices will keep inflation elevated and convince...
UK house prices declined for the first time in six months in March, data published by the mortgage lender Halifax showed Friday. House prices dropped 1.0 percent on a monthly basis in March, in contrast to the 0.3 percent rise in February. This was the first decrease since September. Prices were expected to climb 0.3...
Viking Holdings Ltd. announced Friday that it has publicly filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its ordinary shares. The company has not determined the number of ordinary shares to be offered and the price range for the proposed offering....