Democratic U.S. Congresswoman Maxine Waters recently voiced her criticism of PayPal’s stablecoin, highlighting the need for federal regulation and oversight in the cryptocurrency space. In a statement, she expressed concerns about the lack of a regulatory framework and emphasized the importance of protecting users and ensuring financial stability. Waters argued that the launch of PayPal’s
The CEO of Binance, Changpeng Zhao (CZ), recently expressed concerns about the dangers posed by AI-enabled deepfake videos in the world of cryptocurrencies. He highlighted the risks associated with video verification, urging individuals to be cautious when receiving video messages from others. CZ’s warning came as a response to an AI-powered video post featuring Joshua
In recent weeks, Bitcoin DEX tokens have gained significant attention, with projects like BITCOIN2 achieving astonishing price surges. One of the most talked-about tokens is XBTC, a Bitcoin spin-off that skyrocketed by +30,000%. While this pump may appear enticing, experts are warning investors that XBTC could be a scam. XBTC experienced an incredible price action,
Bitstamp, one of the leading cryptocurrency exchanges, announced on August 8 that it would cease U.S. trading for several cryptocurrencies that have been declared as securities in recent cases against Binance and Coinbase. The affected tokens include Axie Infinity (AXS), Chiliz (CHZ), Decentraland (MANA), Polygon (MATIC), Near Protocol (NEAR), The Sandbox (SAND), and Solana (SOL).
Bitcoin, the number one cryptocurrency, has seen a slight uptick in its price in the past 24 hours, with bulls successfully defending critical support. However, recent data suggests that the digital asset is likely to experience further sideways price action. This article will examine the current state of the Bitcoin market and its correlation with
In a shocking development, Ryan Salame, the former co-CEO of FTX’s Bahamas subsidiary, FTX DM, is reportedly in negotiations with federal prosecutors regarding criminal charges related to the collapse of the cryptocurrency exchange. According to Bloomberg’s sources, Salame may plead guilty, although it remains uncertain whether he will choose to testify against FTX’s co-founder and
The recent announcement of the launch of the PayPal (PYUSD) stablecoin by PayPal and Paxos has dominated the news cycle. While the news brought initial excitement, concerns have been raised about a particular condition that has dampened the enthusiasm within the crypto community. The PYUSD stablecoin, issued by Paxos, has various centralization issues that give
Cryptocurrency exchange Huobi has made an announcement that it will soon list PayPal’s newly launched stablecoin, PYUSD. This move positions Huobi as the first exchange to support the launch of PYUSD, offering PYUSD/USDT trading pairs with zero trading fees permanently. While Huobi has not provided a definite timeline for the listing, it has stated that
The crypto industry has long upheld the principles of financial privacy and anonymity online. These principles were central to Satoshi Nakamoto’s vision when unveiling the Bitcoin white paper. However, recent actions from regulators have begun to put pressure on these principles. In order to better navigate these regulatory actions, it is important to understand what
The crypto market has seen tremendous growth and adoption in recent years, attracting both seasoned traders and newcomers alike. However, the highly volatile nature of digital assets presents a high-risk, high-reward scenario for traders. To mitigate risks and make informed decisions, AI-driven platforms like yPredict have emerged, offering data-driven insights to traders. A Glimpse Under
