Coinbase has announced that it will be adding PayPal’s new stablecoin, PayPal USD (PYUSD), to its listing roadmap. The digital asset is designed to maintain a 1:1 peg with the US dollar and is built on Ethereum. PayPal customers can buy and sell PYUSD through the PayPal app and website and convert it to other […]
Bitcoin and Chainlink are two of the top cryptocurrencies with potential as long-term investments. Bitcoin, the world’s largest crypto by market cap, is seen as a safe-haven investment rather than a conventional currency. It has gained attention in 2021 due to Tesla CEO Elon Musk’s announcement of the company’s $1.5 billion investment, followed by the […]
Ethereum’s price has been relatively flat in the last 24 hours, with a slight 11% drop in the past month. The Federal Reserve Chairman, Jerome Powell, has hinted at more interest rate hikes in the future, but this has not caused any panic. Ethereum’s price chart currently shows a bearish sentiment, with the Parabolic SAR […]
Bitcoin’s market has seen unprecedented movements yesterday, with the fifth largest outflow of Bitcoin in 2023 amounting to nearly $300 million or 10,000 BTC. This withdrawal was facilitated by Bithumb, a leading global exchange, which now holds only 8,500 Bitcoins. This event could indicate a growing preference among investors for holding cryptocurrencies in personal wallets […]
The cryptocurrency market appears to be recovering from its recent downtrend, according to JPMorgan’s latest research. Analysts for the American bank estimate that the liquidations of long positions are “largely behind us”, based on the open interest in Bitcoin futures contracts on the Chicago Mercantile Exchange (CME). Open interest serves as an indicator of market […]
Tether Energy, the issuer of the world’s largest stablecoin USDT, is preparing to deploy their first Bitcoin mining rigs in Latin America. Chief technology officer Paulo Ardoino has confirmed that the site is “progressing well” and operations are expected to begin in the next few weeks. However, the exact location of the mining farm has […]
The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have proposed new tax regulations for the digital assets industry. The proposed regulations would require payment platforms, wallet providers, trading firms, and real estate brokers to file tax information on certain sales or exchange transactions. According to the Treasury Department, the proposed rules, […]
Charles Hoskinson, the founder of Cardano, recently made a bold prediction at the Rare Evo conference that ADA, the native token of the Cardano blockchain, is poised to dethrone the current cryptocurrency giants, Bitcoin and Ethereum. This proclamation has sparked fervent discussions about the future of digital assets.Cardano is a project rooted in innovation and […]
Gemini has recently unveiled a new feature that allows users to earn XRP cryptocurrency rewards when making routine credit card purchases. Gemini Credit Card holders can earn up to 3% in XRP rewards on dining, groceries (2%), and other transactions (1%). These rewards are deposited directly into the user’s account on the Gemini platform, with […]
The founder of Pepecoin, a cryptocurrency, has promised to burn the remaining tokens from a wallet that was affected by an incident. The tokens will be used to pay for necessary purchases or donations.The burning of the tokens is intended to help restore confidence in the cryptocurrency and to ensure that the incident does not […]
