The Fed did not increase interest rates during its meeting held last Wednesday. However, the US central bank said the rates could stay as they are for an undefined period. While delivering…
Category: Bitcoin
PayPal Avails PYUSD Stablecoin to Venmo Payment Application
The American multinational PayPal Inc. revealed in a Wednesday, September 20 statement availing the PayPal USD (PYUSD) stablecoin to Venmo users. The financial technology company indicated that integration will allow the mobile-based…
Crypto Exchange JPEX Receives Hong Kong Regulator’s License Warning
Crypto exchange JPEX responded to Hong Kong’s Securities and Futures Commission (SFC) warning for operating without obtaining a requisite license. The Wednesday, September 13 statement indicated that JPEX never submitted a bid…
Hot Crypto Topics on X – Bloomberg ETF Analyst Says Grayscale Has Advantage Over SEC in the Ongoing Case
A lot has happened in the crypto industry over the last seven days. One of the biggest news came from payment giant Visa. The company announced last Tuesday that it was continuing…
PayPal Co-Founder Dismisses Mass Usage of Bitcoin in Purchase Transactions
PayPal Inc. co-founder David Marcus considers Bitcoin’s Lightning Network viable in becoming the universal money platform where one can transact multiple currencies. The executive ruled out Bitcoin becoming the common payment method…
ARK Invest Decry Bearish Headwinds as Negatively Impacting Crypto Market
The conclusion of the recent study by ARK Invest shows that stronger bearish headwinds anticipated in the last quarter of 2023 are adversely affecting the crypto market. Cathie Wood’s ARK Invest report…
Price Analysis September 8th – BTC, BNB, XRP, TON, and ETH
Since the start of this month, Bitcoin’s price has been ranging between $25,312 and $26,367. In most cases, such a volatility squeeze leads to high price volatility. However, predicting whether BTC’s price…
FASB Unanimously Votes to Amend Crypto Accounting Rules
The Financial Accounting Standards Board (FASB) on Wednesday, September 6 vote, unanimously in support of changing digital assets reporting. The new rules amend the reflection of cryptocurrencies within the business financial reporting. …
Marathon Digital’s 9% Decline in Bitcoin Production, Allege Texas Extreme Heat
Nasdaq-listed Bitcoin mining firm Marathon Digital attributed the decline in August’s production to the extreme weather conditions. The high heat levels experienced across Texas led to the 9% plunge in Bitcoin production…
Price Analysis September 6th – BTC, BNB, SOL, ETH, TON, and XRP
After a brief rally on Tuesday last week, the crypto market has seen losses over the past few days. The price drop is largely fueled by the United States Securities and Exchange…
Bitwise Reconsiders Application for Bitcoin and Ether ETF Application
Bitwise was one of the asset managers seeking to introduce spot Bitcoin exchange-traded funds (ETFs) in the U.S. In a plot twist, Bitwise tendered a request to withdraw bid for the Bitcoin…