PayPal has recently made a groundbreaking move into the cryptocurrency market with the introduction of its stablecoin, PayPal USD (PYUSD). This digital asset is designed to facilitate secure and effortless virtual transactions, particularly within the realm of blockchain technology. PYUSD is backed by tangible assets such as USD deposits and short-term U.S. treasuries, ensuring its […]
Bitcoin’s recent price drop from $29,400 to $25,000 has not shaken the confidence of long-term holders. This is evident in the on-chain metric of Bitcoin’s reserve risk. This metric is important as it reveals insights about Bitcoin’s long-term potential. Analyzing this metric can help investors make informed decisions about their investment strategies. Information Details Geography […]
The US government’s debt is rising at a historic rate, with $97.7 billion added to the national debt between August 16th and August 22nd, bringing the total to $32.759 trillion. Finance guru Larry Mcdonald has analyzed the US government’s spending over the last two decades, noting that since 2020, the US government has spent a […]
The Federal Reserve is committed to bringing inflation down to 2%, according to Chairman Jerome Powell’s speech at the Jackson Hole Symposium. Despite some economists suggesting that achieving this target may be difficult, Powell reiterated that the Fed remains committed to the goal. The odds of a rate hike at the Fed’s next meeting in […]
Yesterday, JPMorgan analysts shared a positive outlook for the near-term trajectory of the crypto markets. According to their analysis, Bitcoin futures data suggests there is “limited downside” for crypto markets in the near future.Last week, the market took a hit when news broke that Elon Musk’s SpaceX sold some of its bitcoin holdings and China’s […]
Binance, the world’s largest cryptocurrency exchange, has announced the termination of its crypto debit cards for customers in the Latin America and Middle East regions from September 21, 2023. The card termination affects a “tiny portion” of its customers – less than 1% of users in the select regions.A crypto debit card enables users to […]
The Optimism Foundation and Base, a Coinbase-backed Layer 2 platform, have announced a proposal to share governance of OP Chains. Base will receive a grant of 118 million OP tokens spread over six years, in order to reward their contributions to scaling Ethereum and the OP Stack. The grant also ensures Base’s long-term commitment to […]
Cryptocurrency presales are an attractive prospect for investors, offering the chance to get involved in crypto initiatives before they become more widely known. Two high utility crypto presales are reviewed in this post: yPredict and Launchpad XYZ.yPredict is an AI-driven platform that provides traders and investors with data-driven insights and analytical metrics. It integrates machine […]
XRP20, a decentralized exchange (DEX) token, has been trading on Uniswap since August 22. Despite the general crypto market weakness, its price has been resilient. Today, the XRP20 team announced that 5% of the total token supply will be burned, reducing the total supply and creating greater scarcity. This burn event is in addition to […]
Sonik Coin is the latest meme coin sensation that is backed by a strong following in the crypto community. Its goal is to move early investors to profit at the speed of light, with a total supply of approximately 299.79 billion tokens. 50% of the tokens are dedicated to the presale, 40% for staking rewards, […]
