How PayPal Upended the Crypto Debate in Washington D.C.
The fintech giant’s PYUSD stablecoin has forced a rethink among Democratic policymakers who previously resisted federal legislation, says John Rizzo.
Posts published on August 16, 2023 go to media archive 2/4
Paypal Pauses UK Crypto Purchases Amid Regulatory Changes; Assures Resumption in Early 2024
In recent communications to its U.K. clientele, Paypal has announced a temporary suspension of cryptocurrency purchases starting October 1, 2023, with plans to resume in early 2024. Notably, even amidst this hiatus, users can continue to hold their…
SwirlLend rugs on new Coinbase layer 2 Base as large number of scammers reported
The SwirlLend scam is the second in as many days, and losses on the platform have already mounted into the millions, one week after it opened to users.
Binance.US request for protective order against SEC goes to magistrate judge
The legal team for Binance.US filed a motion for a protective order on Aug. 14, claiming it was necessary to protect the firm from the SEC’s “fishing expedition” during discovery.
Are Bitcoin Whales Selling? This Metric May Suggest So
On-chain data shows the Bitcoin exchange whale ratio has spiked, a sign that the whales may be selling now. Bitcoin Exchange Whale Ratio Has Gone Up In Recent Days An analyst in a CryptoQuant post explained that the whale inflows have been higher…
Star Trek NFT trademarks approved, y00ts coming to Ethereum: Nifty Newsletter
NFT project y00ts will return the $3 million it received from Polygon Labs and transfer to Ethereum.
Fantom DEX rescued at eleventh hour following planned shutdown
SpiritSwap previously had its entire treasury drained due to the ongoing Multichain exploit.
Shiba Inu DAO Gets Serious With New Advisory And Investment Firm
Shiba Inu, an Ethereum-based cryptocurrency, is bolstering its commitment to driving its ambitious goals in the crypto industry by appointing a new tech advisor. The move will see Alpha Transform Holdings (ATH) providing expertise and advice to the…
Sei, Blockchain Designed for Trading, Goes Live but 'Frustration' Mounts Over Airdrop
The buzzy blockchain project's SEI token saw a flurry of trading as it debuted on several crypto exchanges Wednesday, but there was much confusion over the status of a promised token "airdrop" to early adopters of the network.
BitGo Raises $100 Million Series C Funding At $1.75 Billion Valuation
BitGo, a leading Bitcoin and cryptocurrency custody firm, announced on Wednesday that it has successfully raised $100 million in its Series C financing round, bolstering its valuation to $1.75 billion. The funds will be allocated to…
Bitgo Secures $100 Million in Series C, Firm’s Valuation Climbs to $1.75 Billion
The digital asset trust firm Bitgo, headquartered in Palo Alto, California, has secured $100 million in a Series C funding round. While the company remains tight-lipped about the participants in this financial endeavor, this fresh infusion of…
Vitalik Buterin calls X’s Community Notes an example of ‘crypto values’
The Ethereum co-founder said the algorithm behind X’s tool to rate content as helpful and provide context was “surprisingly close to satisfying the ideal of credible neutrality.”
Executives Of Crypto-Friendly Bank Silvergate Step Down As Lawsuits, Liquidation Rages On
In a recent turn of events, multiple executives of the embattled California-based cryptocurrency bank Silvergate Capital have announced that they will be stepping away from their roles at the bank. The announcement comes as the bank remains deep in…
Breaking: Valkyrie files for Ether futures ETF with the SEC
Asset management firm Valkyrie filed for an Ether futures exchange-traded fund with the U.S. Securities and Exchange Commission on Aug. 16.
PayPal to Stop Crypto Purchases in UK Until 2024
Payments giant PayPal will temporarily pause crypto purchases in the United Kingdom until early 2024, the company said Wednesday, citing new rules by the country’s financial regulator.
Biggest Movers: DOGE, XRP Fall to Multi-Week Lows, as Bearish Sentiment Intensifies
Dogecoin dropped to a one-month low on Wednesday, as a red wave swept through cryptocurrency markets. Bearish sentiment remained high as the session progressed, with the global market cap falling by nearly 2% today. XRP also plunged in…
Bitcoin & Top Assets See High Loss Taking, Is This Bullish?
On-chain data shows Bitcoin and the other top assets are observing a high amount of loss-taking currently. Here’s what this could mean. Investors Of Bitcoin & Other Top Coins Are Capitulating Currently According to data from the on-chain…
Bitcoin Slips to $29K, but Fundstrat's Tom Lee Sees $150K on ETF Approval
Altcoins are leading declines, with majors like DOGE, SOL and MATIC shedding 6-7% in the past 24 hours.
In Canada, Spot Bitcoin ETFs Have Been Working for Years
Gorast Tasevski and Haan Palcu-Chang of Purpose Investments share thoughts about bitcoin ETFs – and Canada.
Why Crypto Investors Should Care About Tokenomics: Crypto Long & Short
Perceptions of token issuance by projects have changed dramatically during the crypto winter.
Is An XRP Spot ETF Coming To The US Soon? Bloomberg Analyst Answers
Ripple has continued to revel in the glow of Judge Analisa Torres’ ruling in favor of the crypto company, with many use cases being touted for its native token XRP. The most recent use case to surface is a Spot XRP ETF, and Bloomberg analyst James…
The Machine Economy and the Convergence of Web3, AI and Fintech
Fintech, Web3, and artificial intelligence are one economic whole, and our ability to grow each relies on their deep synthesis, says Lex Sokolin, founder of Web3 investment fund Generative Ventures.
2023 Centralized Crypto Exchange Study Highlights Winds of Change Among Top 10 Platforms
In a report by the crypto market aggregation web portal Coingecko, Binance retains its crown in the centralized cryptocurrency exchange arena, but not without facing fierce competition and challenges. Binance Leads But Not Without Contenders, Says…
Satoshi-era Bitcoin awakens: 1,005 BTC mined in 2010 on the move
1,005 BTC, valued at $29 million, has been moved from an old Bitcoin wallet after 13 years, drawing parallels to recent dormant BTC movements.
Bitcoin Speculators Retreat As Long-Term Holders Double Down Since $69,000 Peak
The Bitcoin market continues to reveal trends and patterns, vital for both long-term holders and short-term speculators. Notably, since Bitcoin reached its all-time high of $69,000, speculators, who play a pivotal role in the market, now hold less…
Bitcoin Magazine Donates Third ‘Historic Cover’ to Ordinals Institute
An iconic Ordinal is being donated to the team that kickstarted the upstart protocol. Announced today, Bitcoin Magazine is gifting one of its 23 ‘Historic Covers,’ unique one-of-one Ordinals representing our print magazine’s original run, to the…
Bitcoin, Ethereum Technical Analysis: BTC, ETH Hit 1-Week Lows Ahead of FOMC Minutes
Bitcoin neared a breakout below $29,000 on Wednesday, ahead of the release of anticipated Federal Open Market Committee (FOMC) minutes. The minutes will show the United States Fed’s reasoning behind its last rate hike, whilst also giving…
Banning ransomware payments: An attractive but dangerous idea
The U.S. and Australia are considering banning ransomware payments, but will it solve the problem, or harm people and destroy businesses?
First Mover Americas: Coinbase Secures NFA Approval to Offer Crypto Futures
The latest price moves in bitcoin (BTC) and crypto markets in context for August 16, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.