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2 years, 1 month ago
PayPal's PYUSD Charting a New Frontier in the Cryptocurrency Landscape
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…
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2 years, 1 month agoBitcoin Price Dip Fails to Shake Long-Term Holder Confidence
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 ins…
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2 years, 1 month agoUS Government Debt Reaches Historic High as Fed Pursues Financial Repression
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 a…
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2 years, 1 month agoFed Chairman Powell Reaffirms 2% Inflation Target, Odds of Rate Hike Rise
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 d…
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2 years, 1 month agoJPMorgan Analysts Optimistic on Crypto Markets Despite Recent Dips
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 mar…
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2 years, 1 month agoBinance Halts Crypto Debit Cards in Select Regions Amid Regulatory Challenges
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 t…
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2 years, 1 month agoCoinbase-Backed Base to Receive 118 Million OP Tokens in Six-Year Grant from Optimism Foundation
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…
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2 years, 1 month ago"Unlock the Potential of Crypto Presales: yPredict and Launchpad XYZ"
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…
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2 years, 1 month agoXRP20 Coin Set to Surge After 5% Burn Event Announced
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…
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2 years, 1 month agoSonik Coin: The Next Big Crypto Meme Coin?
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…
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2 years, 1 month agoWall Street Memes Token: A Potential Gem with Strong Fundamentals and High Yield Staking Mechanism
Wall Street Memes (WSM) is a memecoin project that has achieved a remarkable feat, amassing over $25 million in initial capital. The project is now in its 30th and final presale phase, and is set to list on major…
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2 years, 1 month agoCrypto Companies Adapt to Global Regulatory Landscapes Amidst Binance Withdrawal Issues and Coinbase-Circle Re-Alignment
This week’s Crypto Biz explores the latest developments in the global regulatory landscape for crypto companies, particularly in the United States. Coinbase and Circle have decided to dissolve the Centre C…
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2 years, 1 month agoBinance Halts Peer-to-Peer Transactions with Sanctioned Russian Banks Amid US DOJ Probe
Binance, one of the world’s largest cryptocurrency exchanges, has ceased offering its clients the option to conduct peer-to-peer transactions through sanctioned Russian banks. This decision follows a Wall Street J…
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2 years, 1 month agoVisa and Mastercard Distance Themselves from Binance Despite Legal Challenges
Visa and Mastercard have recently distanced themselves from Binance, one of the world’s largest cryptocurrency exchanges. This decision comes only weeks after Binance has been facing multiple legal challenges in t…
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2 years, 1 month agoBinance Under Fire for Allowing P2P Trading with Russian Banks
A controversy has emerged this week surrounding Russian banks and Binance, one of the world’s largest cryptocurrency exchanges. According to the Wall Street Journal, Binance has continued to allow peer-to-peer t…
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2 years, 1 month agoVauld Appoints New CEO and Creditor Representative Amidst Struggles
Vauld, a Singapore-based cryptocurrency lending platform, has announced several changes, including the appointment of a new CEO. The bear market has had a significant impact on the company, leading to layoffs and…
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2 years, 1 month agoFed Chair Powell Cautions on Inflation, Markets Recover as Bitcoin Could Reach $148,000
Federal Reserve Chair Jerome Powell spoke today and in his Jackson Hole speech he cautioned that inflation remains too high and that the central bank remains open to raising rates further if needed. This has…
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2 years, 1 month agoDEA Loses $50K to Crypto Scammer in Address Poisoning Scheme
The U.S. Drug Enforcement Administration (DEA) was recently tricked by a crypto scammer, resulting in a loss of over $50,000 in USDT. The scammer used a technique known as address poisoning, which involves sending…
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2 years, 1 month agoHong Kong Exchange HashKey Secures Regulatory Clearance to Offer Bitcoin and Ethereum Trading for Retail Investors
HashKey, a prominent Asian cryptocurrency exchange, has recently secured crucial regulatory clearances, allowing them to offer retail customers the option to trade in two of the most dominant digital currencies:…
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2 years, 1 month agoDeFi Market Sees Mixed Week as Base and Optimism Unveil Shared Governance Framework
This week in DeFi saw developers behind Base and Optimism protocols join forces to create a revenue and governance sharing framework. Additionally, the $1.5 billion Multichain hack has seen some new evidence, and…
