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Month: August 2023

  1. Home
  2. 2023
  3. August
  4. Page 2
Coinbase to List PayPal’s PYUSD Stablecoin on Ethereum Network
  • bob
  • 2023-08-31
  • Company News
  • Cryptocurrency Exchanges
  • North America
  • Regulatory Developments

Coinbase to List PayPal’s PYUSD Stablecoin on Ethereum Network

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 launched by PayPal on Aug. 7 and is now supported […]

Read More
Coinbase to List PayPal’s PYUSD Stablecoin on Ethereum Network
  • bob
  • 2023-08-31
  • Company News
  • Cryptocurrency Exchanges
  • North America
  • Regulatory Developments

Coinbase to List PayPal’s PYUSD Stablecoin on Ethereum Network

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 […]

Read More
Cardano Network Sees 6% Growth Despite Crypto Bear Market
  • bob
  • 2023-08-31
  • Cryptocurrency Market Analysis
  • Investment Insights
  • World

Cardano Network Sees 6% Growth Despite Crypto Bear Market

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 […]

Read More
Crypto ATMs Thrive in US Despite Criticism, Report Finds
  • bob
  • 2023-08-31
  • Cryptocurrency Regulations
  • Financial Scams and Security
  • Market Analysis and Predictions
  • North America

Crypto ATMs Thrive in US Despite Criticism, Report Finds

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 […]

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SEC Postpones Decision on WisdomTree’s Bitcoin ETF Proposal
  • bob
  • 2023-08-31
  • Cryptocurrency Regulations
  • Market Analysis and Predictions
  • North America
  • Regulatory Developments

SEC Postpones Decision on WisdomTree’s Bitcoin ETF Proposal

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 […]

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Bitcoin Trading Volume Sees Large Boost Amid Price Rally
  • bob
  • 2023-08-31
  • Cryptocurrency Market Analysis
  • Investment Insights
  • Market Analysis and Predictions
  • World

Bitcoin Trading Volume Sees Large Boost Amid Price Rally

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 […]

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Florida Gov. Ron DeSantis Cancels Crypto Fundraiser for 2024 Presidential Run
  • bob
  • 2023-08-31
  • Cryptocurrency Regulations
  • Government Policies and Cryptocurrency Adoption
  • North America
  • Regulatory Developments

Florida Gov. Ron DeSantis Cancels Crypto Fundraiser for 2024 Presidential Run

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 […]

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USBTC to Manage 8,500 Bitcoin Miners from Bankrupt Celsius
  • bob
  • 2023-08-31
  • Company News
  • Cryptocurrency Regulations
  • Mergers and Acquisitions (M&A)
  • North America

USBTC to Manage 8,500 Bitcoin Miners from Bankrupt Celsius

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 […]

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Trust Machines Launches Leather Wallet to Accelerate Bitcoin Economy
  • bob
  • 2023-08-31
  • Cryptocurrency Innovations
  • Cryptocurrency Regulations
  • Mergers and Acquisitions (M&A)
  • North America

Trust Machines Launches Leather Wallet to Accelerate Bitcoin Economy

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 […]

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Binance Mulls Exit from Russian Market, How Will it Affect Bitcoin Spark?
  • bob
  • 2023-08-31
  • Cryptocurrency Innovations
  • Cryptocurrency Market Analysis
  • Cryptocurrency Regulations
  • World

Binance Mulls Exit from Russian Market, How Will it Affect Bitcoin Spark?

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 […]

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