Coinbase customers can now buy and sell PayPal’s new US dollar-pegged stablecoin, PayPal USD (PYUSD), on the exchange’s website and mobile apps. The top US crypto exchange officially rolled out trading support for the asset, which aims to maintain a 1:1 peg with the US dollar, last week. PayPal unveiled PYUSD earlier this month and […]
Robinhood, the popular online brokerage platform, has successfully completed a significant share repurchase agreement, acquiring $605 million worth of shares from Emergent Fidelity Technologies. The company filed an 8-K form with the US Securities and Exchange Commission (SEC) to officially announce the agreement. The Board of Directors authorized the pursuit of repurchasing the remaining 55 […]
Ripple’s legal team has suggested that the United States Securities and Exchange Commission (SEC) has not met the requirements to request an appeal in the ongoing lawsuit between the two parties. In a filing with the U.S. District Court for the Southern District of New York, Ripple’s lawyers argued that the SEC’s grounds for an […]
The Reserve Bank of India (RBI) has announced that its central bank digital currency (CBDC), the digital rupee, will have enhanced usability thanks to Yes Bank’s integration of the Unified Payments Interface (UPI) with the RBI digital rupee app. This marks the first integration of the UPI with the CBDC, and Yes Bank account holders […]
FastToken (FTN) is a meme coin that has seen a surge in its price in recent weeks. It is currently in a sideways trend, suggesting another rally based on its past price pattern, which could exceed its all-time high value. Sonik Coin is a fast-growing meme coin project determined to reward early investors with its […]
Pepe Coin, a popular meme-based cryptocurrency, recently experienced a major drop in value due to a theft of $15 million by rogue developers. This led to the emergence of Pepe Community, which has seen a notable surge in the past week.Investors are closely monitoring the new Pepe-related token’s impressive price rally, hoping for a potential […]
The Securities and Exchange Commission (SEC) has taken an unexpected step in its ongoing case against Binance, the world’s leading crypto exchange. This week, the SEC submitted a sealed motion with over 35 exhibits to the court. Filing documents “under seal” is not common practice for the SEC and allows for the submission of sensitive […]
Grayscale, a digital asset management firm, reportedly holds $5 billion in Ethereum (ETH) according to Arkham Intelligence. This is in line with Grayscale’s own public statements. The funds are divided across more than 500 addresses, each containing $30 million or less. Grayscale recently obtained a legal victory from the U.S. Securities and Exchange Commission (SEC) […]
In an effort to promote decentralization and responsible blockchain growth, four major Ethereum staking providers have agreed to a self-imposed limit of less than 22% of the total staking power on the network. This self-limit rule is seen as a proactive approach to mitigate centralization within the Ethereum ecosystem and ensure the blockchain has long-term […]
Former SEC Chairman Jay Clayton believes that the approval of a spot market Bitcoin (BTC) exchange-traded fund (ETF) is inevitable. In a recent interview on CNBC Squawk Box, Clayton stated that it is clear that Bitcoin is not a security and that retail and institutional investors want access to it. He also noted that trusted […]
