Key Points: PayPal debuts the USD-backed stablecoin PYUSD, a major step into stablecoins for mainstream finance. “Cryptocurrencies Hub” will be launched, enabling Bitcoin interaction for verified PayP...
News
FedNow Adds Hedera As Service Provider, HBAR Price Soars 15%
The US Federal Reserve’s instant payments system FedNow has added Dropp micropayments platform, build on Hedera Hashgraph, to the list of service providers. Hedera (HBAR) price skyrockets 15% within h...
Bloomberg Analyst Says PayPal’s Stablecoin Announcement Not Priced In, Predicts Huge Ramifications for Ethereum
A strategist from Bloomberg says that PayPal’s launch of its own stablecoin hasn’t been priced into markets yet, and should have a significantly positive effect on Ethereum (ETH). Jamie Coutts, a cryp...
Pro-Bitcoin Advocate Javier Milei Takes Lead in Argentina’s Primary Election
Milei’s political platform has been characterized by his passionate advocacy for BTC and his calls for the dissolution of the Argentine central bank. Javier Milei, a prominent Argentinian politician k...
Three DeFi Projects Shut Down, Is DeFi Shaken?
Following Saddle Finance and Spirit Swap, another DeFi project is shutting down. Hundred Finance, a multi-chain leading protocol on Optimism, declared a shutdown following a special vote. The poll, st...
Fed rates to stabilize at 3.0%–3.25% range, rate cut expected in Q2 2024 – Goldman Sachs
Goldman Sachs’ (GS) latest report unveils dovish bias about the US Federal Reserve (Fed) as it anticipates the peak rates to be around 3.0% to 3.25% within the analytical piece published during the we...
Bitcoin holders turn to Ethereum, DigiToads supporters bullish on TOADS
Crypto investments necessitate a strategic outlook that underscores the enduring technological potential over the long term. Historical data serves to exemplify the steadfastness of investments center...
Cardano (ADA) Nears The $0.3 Resistance: What Lies Ahead?
The journey of Cardano (ADA) toward reclaiming the $0.3 price level seems to be growing more challenging in the days ahead, as the cryptocurrency grapples with persistent bearish pressure. After succe...
Cardano to the moon? ADA eyes major breakout in February 2024
In the recent period, Cardano (ADA) has encountered a notable challenge in surpassing the steadfast $0.30 barrier. Although the past month witnessed sporadic breakthroughs above this price point, the...
Expert Asks Ripple CTO Why XRP Not on Ripple Liquidity Hub Despite Legal Clarity
In a recent tweet, David Schwartz, the Chief Technology Officer of Ripple, asked crypto enthusiasts what aspects of crypto he should educate the community more about. What should I tweet about more? —...
Epic 342.5 Million SHIB Burned in Single Transfer Ahead of Shibarium Launch
Yuri Molchan More than 700 million Shiba Inu tokens have been burned since yesterday morning, and half of it was removed in single transfer Shibburn meme crypto tracker has shared that within the past...
Country Garden Woes Deepen as Yuan Bonds Halted, Shares Slide
(Bloomberg) — A crisis at Country Garden Holdings Co., formerly China’s biggest developer, is deepening after units halted trading of local bonds and shares slid following a cut by Morgan Stanle...
Zunami Protocol Reportedly Hacked for Over $2.1 Million
The protocol stressed that collateral remained safe amid the ongoing investigation. PeckShield was among the first to identify the vulnerability on Curve Finance. After experiencing an assault on its ...
Javier Milei’s Pro-Bitcoin Campaign Gains Unexpected Lead in Argentina’s Election
Libertarian candidate Javier Milei has emerged as the unexpected victor in the nation’s primary elections in Argentina. His triumph not only signals a potential paradigm shift in Argentina’s political...
Cardano and Quant Hoping For A Market Revival, Pomerdoge Predicted To 40X
Experienced investors know the profitability of investing in presales. Therefore, they are aggressively accumulating presale tokens of Pomerdoge. It is a new project that is likely to rise by 4,000% b...
Robust Bitcoin growth trend outpaces inflation, data reveal diminishing return concerns
Quick Take The Compound Annual Growth Rate (CAGR) of Bitcoin, a pivotal marker of consistent returns, has been a subject of interest among investors and market analysts alike. Since Aug. 2019, Bitcoin...
Binance to Open Trading for CyberConnect (CYBER) and Sei (SEI) on August 15, 2023
Binance, one of the leading cryptocurrency exchanges, has announced the listing of CyberConnect (CYBER) and Sei (SEI), with trading set to commence on August 15, 2023, at 12:00 (UTC). The trading pair...
Zunami Protocol confirms losing $2.1m after price manipulation
Zunami Protocol recently confirmed a price manipulation attack costing the platform over 2.1 million dollars. The DeFi protocol stated that its LP (liquidity pool) on Curve Finance was attacked this w...
Social Network Protocol Cyberconnect Is Listing on Binance
The CYBER token, CyberConnect’s native token, is scheduled to be listed on Binance at 12 PM UTC on August 15, 2023. As the first and most successful social protocol in Web3, CyberConnect has raised $2...
Zunami Protocol Exploited for Over $2 Million, Native Stablecoin (UZD) Plunges 99%
On the 13th of August, DeFi project Zunami Protocol was attacked by bad actors, resulting in an estimated loss of $2.1 million. A decentralized revenue aggregator project allowing users to stake stabl...
Adidas Tennis Updates Barricade, Ubersonic And Celebrates Billie Jean King For U.S. Open
The Adidas U.S. Open collection features blue, a celebration of the color Billie Jean King made … [+] famous wearing her signature shoe while championing women’s equality in tennis. Adidas...
Arbitrum Is At A Critical Support Level, $1,185 Price Zone Can Be Approached
Key Points: Arbitrum’s price nears a critical support level, risking a sharp decline if breached, challenging bullish prospects. 1.8% of Ethereum users adopt Arbitrum’s Layer 2 chain, but bearish mark...
Is Shiba Inu witnessing a price correction ahead of Shibarium launch
SHIB and BONE registered price drops of 4% and 8% respectively, in the last 24 hours. Investors were selling their holdings, as evident from their on-chain metrics. Shiba Inu [SHIB] ecosystem tokens w...
Rupee renews yearly low past 83.00 on China concerns, India inflation, Fed Minutes eyed
USD/INR takes the bids to prod late 2022 peak, defends three-week uptrend. Fears of India’s struggle to take China’s position as global manufacturing hub, cautious mood ahead of CPI weigh on Rupee. RB...
SoftBank Looking to Acquire Vision Fund’s 25% Stake in Arm
Arm is scheduled to go public in September, with the listing of its shares on the Nasdaq exchange. Arm’s market capitalization by that time is expected to be $60 billion to $70 billion, which would ma...
US Fed Adds Hedera (HBAR) Based Dropp To Service Providers
In a groundbreaking move that underscores the growing acceptance of distributed ledger technologies (DLT) in traditional finance, the US Federal Reserve has added the Hedera Hashgraph (HBAR) based Dro...
China Shadow Banking Giant Alarms Investors With Missed Payments
(Bloomberg) — One of China’s largest private wealth managers is triggering fresh anxiety about the health of the country’s shadow banking industry after missing payments on multiple high-yield i...
Ethereum Devs Come Under Fire for Backdoors in L2 and Rollup Solutions
Ethereum developers are under fire after videos emerged detailing some underhand practices. Vitalik Buterin said that every layer two and rollup on Ethereum has a backdoor for protocol developers. Som...
Bitcoin Price Consolidating Ahead Of The Next Bullish Breakout
Bitcoin price has been moving lower within the narrow range between $29,000 and $30,000 since last week, with analysts starting to acclimatize to declines stretching to $28,000. The most prominent cry...
Shiba Inu’s Meteoric Rise: A Glimpse into the Shibarium Launch
The cryptocurrency world is no stranger to volatility, with new tokens emerging and old ones fading away. Yet, amidst this ever-changing landscape, Shiba Inu (SHIB) has managed to carve a niche for it...
Zunami Protocol lost $2.1 million to cyber attack
Zunami Protocol has suffered an attack on its zStables pools, leading to a $2.1 million loss. The company assures that the collateral is secure. The blockchain security firm, PeckShield, detected the ...
Ethereum (ETH) Burn Rate Plummets Dramatically, No Longer Deflationary?
Arman Shirinyan Due to lack of activity on network, Ethereum burn saw notable decline Ethereum’s celebrated burn mechanism has recently shown signs of cooling down, prompting some to question if...