In a bid to promote the widespread use of cryptocurrencies, cryptocurrency exchange Crypto.com has announced its integration of PayPal USD (PYUSD) as a preferred exchange for the stablecoin. The partnership involves payments giant PayPal and blockchain infrastructure company Paxos. This move aims to enhance the global adoption of crypto, according to Crypto.com CEO Kris Marszalek.
Pepe Coin (PEPE), one of the break-out memecoins of 2023, has experienced a significant surge of 5% in its value as market interest starts to return to this beloved digital token. The resurgence in Pepe Coin’s popularity comes hand in hand with a substantial 91% increase in its 24-hour trading volume, prompting a return to
In a significant development for cryptocurrency enthusiasts, Hong Kong-based exchange Hashkey has announced its support for trading the Avalanche (AVAX) token on its platform. This move comes with an interesting requirement, which professional investors or individuals with an investment portfolio worth at least 8 million Hong Kong dollars (equivalent to $1 million) need to fulfill
The multichain project Moonbeam (GLMR) has recently experienced a significant pump of 17%, capturing the attention of crypto markets. This surge comes as the Polkadot smart contract parachain emerges as the most active parachain in the Polkadot ecosystem, boasting over 60k monthly active users. The catalyst behind this growth is the highly anticipated Moonbeam Ignite
Binance, one of the largest cryptocurrency exchanges in the world, recently announced the sale of its Russia business to CommEX, a newly launched crypto platform. The financial details of the deal have not been disclosed. However, Binance stated that it will no longer have any ongoing revenue split or the option to buy back shares
Ripple’s chief legal officer, Stuart Alderoty, has raised concerns about the upcoming statements of Gary Gensler, the U.S. Securities and Exchange Commission (SEC) Chairman, during his appearance before the Senate Committee on Financial Services. According to Alderoty, Gensler’s statements may be misleading and misrepresent the nature of the crypto asset securities market. This article delves
In a recent report, Bloomberg analyst Jamie Coutts sheds light on asset managers’ growing interest in Bitcoin, an interest that extends beyond exchange-traded funds (ETFs) and into the mining sector. Coutts emphasizes the involvement of BlackRock, Vanguard, and State Street in the Bitcoin mining industry for over three years. This article examines this significant development
Tecpetrol, a prominent oil producer in Argentina, has recently made an intriguing announcement in the world of cryptocurrency mining. The company plans to utilize associated gas from its oil fields to power miners’ rigs, generating electricity to mine various cryptocurrencies. This bold move sets Tecpetrol apart as a forward-thinking company that is willing to explore
The U.S. Securities and Exchange Commission (SEC) has again deferred its decision on the ARK 21Shares Bitcoin Exchange-Traded Fund (ETF), causing further uncertainty in the market. This latest filing, dated September 26, highlights the SEC’s ongoing indecisiveness regarding the approval and listing of the ETF proposed by Cboe BZX. Cboe BZX initially submitted the filing
In recent months, the popular meme coin PEPE has experienced a decline in value, reaching a three-month low in mid-September. However, it has recently shown signs of a potential recovery with a 16% bounce from its bottom. Despite this upward momentum, there are concerns about whether PEPE can overcome its current resistance levels and maintain
