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A Comprehensive Look at the New Paypal Stablecoin, Its Control Dynamics, and ‘Freeze’ Option Trending on Social Media

[Aug 8, 2023 12:30 PM] At the time of writing, the official Paypal stablecoin PYUSD smart contract has been unveiled, and as it stands, the maximum aggregate supply amounts to 26,905,005.66 PYUSD. In spite of the existence of more than 26 million Paypal stablecoins, the…

Reddit community tokens soar on Kraken listing

[Aug 8, 2023 11:00 AM] The tokens are part of the Reddit Community Points initiative to create cryptocurrencies that would incentivize content creation.

Coinbase begins $150M debt buyback at 36% discount

[Aug 8, 2023 9:26 AM] The cryptocurrency exchange’s 2031 senior notes, which have a coupon rate of 3.625%, have $1 billion in outstanding principal.

Telegram crypto bots gain momentum in the market: Binance Research

[Aug 7, 2023 10:09 AM] Daily volumes of crypto trades on Telegram bots hit a record high of $10 million in July, according to a new report by Binance Research.

Breaking: Paypal launches PYUSD stablecoin for payment

[Aug 7, 2023 7:07 AM] Payment processing giant PayPal started crypto payments in March 2020 and since then has been actively involved in the crypto payment sector.

Crypto-centered public companies record profit beating Q2 estimates

[Aug 7, 2023 1:26 AM] The rise in crypto prices, as well as non-trading revenues, became key to profitability for many of these companies.

XRP price disappoints after court ruling, Deaton remains optimistic

[Aug 6, 2023 5:45 AM] While the pro-XRP lawyer didn’t anticipate XRP reaching a new all-time high after the ruling, he did expect the price to surpass the $1 resistance level.

Russia Recognizes Digital Currencies of Other Nations

[Aug 6, 2023 12:30 AM] The Russian government has legally recognized digital currencies issued by other nations, local crypto media reported. The respective legislative changes have been made alongside the adoption of a dedicated law regulating the introduction of…

Miami Mayor Francis Suarez Announces Acceptance of Cryptocurrencies for 2024 Presidential Campaign

[Aug 5, 2023 5:30 PM] On August 4, 2023, Miami Republican mayor Francis Suarez announced that he’s accepting cryptocurrencies for campaign donations. The 2024 presidential candidate revealed the decision to accept digital currencies during a Coindesk TV…

X Will ‘Never’ Launch a Crypto Token, Says Musk

[Aug 5, 2023 9:30 AM] Tech investor Elon Musk said that his social media platform X, formerly Twitter, will never launch its own cryptocurrency token. He made the statement in response to a post by a user of the networking service warning about fake coin projects…

CDC report underscores importance of Judge's verdict in Ripple case

[Aug 5, 2023 2:05 AM] The CDC expressed satisfaction with the ruling, which aligned with their stance as articulated in their amicus brief supporting Ripple, marking an advocacy victory.

No crypto plans for X: Elon Musk debunks scam token claims

[Aug 5, 2023 12:59 AM] Elon Musk addressed the issue of scam tokens falsely claiming connections to the social media platform.

CBDC supporter likely in White House next term, crypto divide not red v. blue: Grayscale

[Aug 4, 2023 3:45 PM] The crypto asset manager took a look at the leading U.S. presidential candidates’ positions and did not see a partisan divide.

Korean superconductor LK99 joins memecoin craze

[Aug 4, 2023 11:30 AM] The world's supposed first room-temperature ambient pressure superconductor already has a memecoin.

Germany is dragging Europe’s economy down — and that’s great for crypto

[Aug 4, 2023 11:00 AM] Cointelegraph analyst and writer Marcel Pechman explains how a weakening German economy — Europe’s largest — is a positive for cryptocurrencies.

Curve hacker behind $61M heist begins returning funds

[Aug 4, 2023 9:59 AM] Around 4,821 Ether, worth $8,891,578, had been returned to victims as of Friday morning.

Oman financial regulator seeks feedback on proposed virtual asset framework

[Aug 4, 2023 5:59 AM] Although the proposed virtual asset regulatory framework in Oman covers FATF-defined assets, the issuance of privacy coins might get banned.

Revolut to suspend cryptocurrency services in US

[Aug 4, 2023 5:44 AM] Revolut’s suspension of cryptocurrency services in the United States will affect 1% of their total global user base, the firm said.

Shiba Inu lead developer queries Coinbase's 'Onchain Summer' campaign

[Aug 4, 2023 5:31 AM] Kusama responded to Coinbase’s CEO, Brian Armstrong's update with the statement, "If it isn't a shadowcat, it's a copycat."

Actor Adam DeVine appears in new Bitget exchange ad

[Aug 4, 2023 4:00 AM] DeVine is the second celebrity to partner with Bitget since the exchange brought on Argentine football star Lionel Messi last October.

Binance approves Shiba Inu as collateral asset

[Aug 4, 2023 1:49 AM] The cryptocurrency exchange also announced the addition of 22 cryptocurrencies as loanable and collateral assets on its Flexible Loan and VIP Loan services.

Social Media Bots Played Crucial Role in Inflating Value of FTX-Listed Crypto Assets, Report Finds

[Aug 3, 2023 5:30 PM] New analysis from the Network Contagion Research Institute (NCRI) reveals that bots on the social media platform X (formerly Twitter) likely played a major role in amplifying the value of cryptocurrencies tied to the now-defunct FTX exchange and…

Futureverse co-founders launch $50M venture fund

[Aug 3, 2023 1:30 PM] The AI metaverse company raised $54 million in a Series A round in July.

The Sandbox implements KYC measures for protocol staking

[Aug 3, 2023 12:15 PM] Unverified users can still withdraw staked SAND but will be unable to make further deposits.

Huobi’s Jun Du acquires 10 million CRV tokens to support Curve

[Aug 3, 2023 6:30 AM] Du said the existing challenges were transitory and that he believes the industry would benefit from collective support.

Binance starts BTC/FDUSD and ETH/FDUSD trading pairs with zero-fees

[Aug 3, 2023 5:02 AM] Users can trade ETH/FDUSD with zero maker fee, while the standard taker fee will apply based on the user’s VIP level.

BlockFi’s Chapter 11 plan progresses with conditional court approval

[Aug 3, 2023 2:04 AM] Once the bankruptcy plan receives approval, the lender said it intends to concentrate on recovering funds from other defunct firms.

Robinhood turns profitable in Q2, but crypto revenue declines

[Aug 2, 2023 3:34 PM] Robinhood achieved profitability for the first time since becoming a public company in the second quarter of 2023. Its crypto revenue, however, continues to decline.

KuCoin suspends Bitcoin and Litecoin mining pools

[Aug 2, 2023 9:01 AM] "We deeply regret any inconvenience this might cause and we remain grateful for your unwavering support and understanding," the exchange wrote.

ETF analyst raises spot Bitcoin ETF approval chances in the US to 65%

[Aug 2, 2023 7:11 AM] The ETF analyst predicted that recent developments in the Ripple vs. SEC case and the upcoming Grayscale lawsuit would be crucial to the first spot Bitcoin ETF approval.