Bitcoin Plunges 8% to Hit Two-Month Low
Key Insights Bitcoin price fell by almost 8% and hit a two-month low. The cryptocurrency is worth about $26,500. Other…
Does PayPal USD Stablecoin Pose a Threat to Tether?
On August 7, 2023, the largest payment system PayPal launched its own stablecoin PayPal USD (PYUSD). Is PayPal USD stablecoin…
Coinbase to Suspend Trading of Tether, DAI, and RAI Stablecoins for Canadian Users
Key Insights Coinbase will suspend trading Tether (USDT), DAI, and RAI stablecoins for Canadian users starting September 1st. The decision…
Coinbase Secures Regulatory Approval for Crypto Futures Trading
Key Insights Coinbase receives regulatory approval from the NFA to offer regulated crypto futures trading to US retail customers. Despite…
Bank Chief Economist Fears: Germany Is at Risk of Losing “AAA” Rating
Key Insights Moritz Kraemer, chief economist at Landesbank Baden-Württemberg (LBBW), warns that Germany could lose its AAA rating due to…
Crypto Exchange Binance Files Petition Against SEC
Key Insights Binance Files Petition Against SEC seeking to limit their actions Binance claims the regulator’s requests were “excessive” and…
Argentina Devalues the Peso by 18% to 350 per Dollar
Key Insights Argentina has devalued the official peso rate by 18%. The Central Bank of the country raised the key…
PayPal Launches CryptoHub for a Limited Number of Users
Key Insights PayPal CryptoHub allow selected users to be able to store, buy and sell cryptocurrencies. PayPal will act as…
Nigerians Embrace Cryptocurrencies as Naira Hits ₦950/$1 in Freefall
Key Insights Nigeria’s national currency, the naira, has lost more than 70% of its value this year. Inflation in the…
How Donald Trump’s Ethereum Holdings Might Impact Crypto Confidence
Key Insights Former US President Donald Trump’s Ethereum ownership worth $250,000 contradicts his past criticism of cryptocurrencies as “scams” and…