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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 c...

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 capital...

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 today’s...

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 Co...

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 guida...

Report: Brazilian Court Fines Mastermind of South African Bitcoin Ponzi Scheme

A court in Brazil has found Johann Steynberg, the mastermind of the bitcoin ponzi scheme Mirror Trading International (MTI), guilty in a case in which he is accused of using a forged identity document. The court, however, commuted Steynberg’s t...

Singapore Announces Stablecoin Rules, MAS to Label Regulated Tokens

The Monetary Authority of Singapore (MAS) unveiled regulations aimed at ensuring the value stability of each stablecoin regulated in the city-state. Under the new rules, issuers that want their fiat-pegged tokens to be labeled as “MAS-regulated” will...

US Congressman Warren Davidson: ‘Banning CBDC Is Essential to America’s Fintech Future’

U.S. Congressman Warren Davidson has railed against central bank digital currencies (CBDC), stating that enacting a ban on these instruments is “essential” for the future of the fintech industry in America. Davidson explained that many pe...

Cashtokens Upgrade 3 Months Out: BCH Developers Building NFT Creator Studio, Marketplaces, Wallets, and More

With the Bitcoin Cash network’s May 15 Cashtokens upgrade now three months behind us, bustling development in non-custodial wallets, marketplaces, non-fungible tokens (NFTs), games, and other applications continues unabated. Paytaca wallet CEO...

Xi Jinping, Vladimir Putin Advancing China-Russia Strategic Partnership, Says Chinese Official

Chinese leader Xi Jinping and Russian President Vladimir Putin “will continue to advance the China-Russia comprehensive strategic partnership,” according to China’s Ministry of Foreign Affairs. The two leaders are set to participate in next wee...

Former SEC Official Anticipates Exponential Shifts in Crypto Regulations After Election Day

The U.S. Securities and Exchange Commission’s former head of internet enforcement has outlined potential changes in the U.S. and at the SEC that could have positive impacts on the crypto industry, including the approval of spot bitcoin exchange...

Bank of America Assesses Significance of Paypal’s USD Stablecoin and Fednow System

Bank of America has provided its analysis of Paypal’s U.S. dollar stablecoin and the Fednow payments system. The bank does not expect the widespread adoption of PYUSD to occur in the near future, noting that the introduction of Paypal’s...

Former FTX Co-CEO Ryan Salame to Plead the Fifth, Declares Himself ‘Unavailable as a Witness’

U.S. federal prosecutors have unveiled court documents indicating that ex-FTX CEO Sam Bankman-Fried (SBF) is entangled in a web of allegations, with illegal political campaign financing being a significant charge. In light of these allegations agains...

Russian Ruble Plunges to 16-Month Low vs the US Dollar — Experts Cite Oil Price Cap

The Russian currency’s exchange rate versus the U.S. dollar recently dropped below RUB100 per greenback — its lowest in 16 months. Economists attribute the ruble’s latest plunge to the effectiveness of a price cap imposed on Russian oil b...

Michael Burry Bets $1.6 Billion Against Market: ‘Big Short’ Investor Takes Bearish Stance on S&P 500 and Nasdaq

In filings with securities authorities released on Monday, renowned hedge fund manager Michael Burry, whose exploits were famously captured in the film “The Big Short,” took a bearish stance on the market. Burry’s Scion Asset Manage...

Crypto Crashes and Climate Chaos: FDIC Highlights Key Banking Risks in 2023

The U.S. Federal Deposit Insurance Corporation (FDIC) flagged escalating risks from cryptocurrencies in its annual review of risks facing the banking industry. FDIC: Cryptos and Climate Top Risk List for Banks in 2023 Cryptocurrencies present “...

Biggest Movers: SOL, TON Move to Multi-Week Highs on Tuesday

Solana was one of Tuesday’s big gainers, rising to a multi-week high following a ‘death cross’ of moving averages. The move came despite the global market cap falling marginally lower as of the time of writing. Toncoin was another notable mover, risi...

From Crypto Custodian to Court: Prime Trust Files for Bankruptcy Protection

In the wake of financial upheavals and regulatory hurdles, Prime Trust, a digital currency custodian, has formally sought Chapter 11 bankruptcy protection. This move closely follows the appointment of John Guedry as the company’s overseer, bols...

Bitcoin, Ethereum Technical Analysis: BTC Unmoved by Better Than Expected US Retail Sales Data

Bitcoin mostly consolidated on Tuesday, as traders anticipated the release of July’s retail sales data from the United States. Sales rose by 0.7%, better than the 0.4% expected, and this comes following a 0.2% increase in June. Ethereum also r...

LBank Revives IEO: A Look at the IEO Powerhouse LBank and its Historical Yields

As the cryptocurrency market has witnessed a decline for over a year, many investors have chosen to liquidate their assets or move to alternative markets. However, 2023 has painted a different picture, positioning cryptocurrency as one of the best-pe...

Stanford School Newspaper Highlights the Irony of Sam Bankman-Fried’s Scheduled Stanford Talk on Ethics Amidst Legal Chaos

Sam Bankman-Fried (SBF), a once towering figure in the crypto world and former FTX CEO, was curiously slated to share his insights on tech ethics with Stanford students this winter. In a thorough examination penned by Theo Baker for the Stanford Dail...

How to Recover Ethereum From Old GETH Wallets – KeychainX Expert Explains

Recovering an old GETH client can be a daunting task, but with the right hardware, software and information, it is possible. It involves locating the wallet file and cracking the password, using specialized tools such as those developed by the digita...

Libertarian Javier Milei Wins Argentine Primaries: Experts Weigh In on Dollarization as the Peso Fades

Javier Milei, a libertarian politician, won the Argentine primaries with more than 30% of the total vote, causing experts to weigh in on the dollarization plans he has vowed to apply. Milei’s government plan contemplates reducing the political...

Mbridge Project Has Observers Worried About Advances of the Digital Yuan

The Mbridge project, a central bank digital currency (CBDC) international payment system, is starting to worry observers. Such a system, when completed, could ostensibly allow the digital yuan to reach more countries in trade settlements, chipping aw...

Goldman Sachs Expects Fed to Start Cutting Interest Rates in Q2 Next Year

Goldman Sachs has predicted that the Federal Reserve will start cutting interest rates in the second quarter of next year. The global investment bank’s economists also expect the Fed officials to forego hiking rates at their upcoming meeting. &...

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