Although a clear regulatory framework for digital assets has yet to be established in the United States, PayPal — one of America’s largest financial technology companies — announced on Aug. 7 its U.S. dollar-pegged payment stablecoin, PayPal USD (PYUSD).  A PayPal spokesperson told Cointelegraph that PYUSD is important because mainstream […]

Binance Coin (BNB) faced a weekend of market indecision, leading the altcoin into a range-trading scenario. The coin, which had dropped below the $220 mark on August 18, experienced fluctuations between the narrow range of $213 to $220 over the course of the weekend.  As of the latest update, CoinGecko […]

Seychelles-based cryptocurrency derivatives exchange Bitget is updating its Know Your Customer (KYC) requirements for users to stay in step with global regulatory guidelines.  According to the company, the new KYC requirements are being instituted to protect user rights and interests, shape a secure cryptocurrency trading environment and comply with regulatory recommendations […]

Singapore, Singapore, August 21st, 2023, Chainwire BinaryX, a leading GameFi and IGO platform, announced today their first-ever hackathon event. BinaryX Online Hackathon 2023 is designed to encourage creativity, innovation, and collaboration among developers within the GameFi community, with the aim of discovering the next wave of GameFi advancements. BinaryX called […]

The much-anticipated launch of Shibarium mainnet, a groundbreaking Ethereum layer-2 scaling solution, has been accompanied by unexpected turbulence, leading to significant price declines in the Shiba Inu ecosystem. On August 16, Shibarium successfully launched on the mainnet after an extensive testing phase involving millions of users and the creation of […]

Introduction In a recently published research paper, David Duong, CFA, Head of Institutional Research at Coinbase, explains that short selling is a mechanism to profit from declining prices. In the crypto space, this involves borrowing tokens, selling them, and later repurchasing them at a decreased price to return to the […]

Hedera (HBAR), despite the very unpredictable cryptocurrency market, has demonstrated its ability to defy trends by recording more than 14% increase on its price chart, Sunday. Hedera has not only held its place despite the volatile circumstances that frequently affect other digital assets, but has also shown steady resilience. At […]

While the broader cryptocurrency market recently took a nosedive, some mysterious Ethereum whale successfully escaped with $41 million worth of ETH. Days later, the price of ETH went down, along with BTC and other cryptocurrencies. Did this whale know something the rest of the market didn’t? Ethereum Whale Sells $41 […]

Decentralized finance (DeFi) protocols Exactly and Harbor were exploited on Aug. 18 in two separate — and apparently unrelated — attacks, according to blockchain security firms DeDotFi and PeckShield. On-chain data reveals 4323.6 Ether (ETH), worth nearly $7.3 million at the time of writing, had been stolen from Exactly Protocol. […]

Ripple Labs has defended itself against the US Securities and Exchange Commission (SEC) for years in a case that could define the crypto industry just like the often-cited Howey case—the SEC alleged that Ripple and its executives Brad Garlinghouse and Chris Larsen had sold XRP as an unregistered security. Now […]