Web Stories
PayPal Debuts Fully-Reserved Stablecoin PYUSD
PayPal has announced the launch of PayPal USD (PYUSD), a new stablecoin fully backed 1:1 by US dollar reserves and short-term US Treasuries . PYUSD aims to bridge fiat currencies…
Huobi’s Stablecoin Reserves Experience Sharp Decline Amid Arrest Rumors
Huobi, a prominent player in the cryptocurrency exchange landscape, finds itself embroiled in a tumultuous situation as its stablecoin reserves suffer a significant drop. Reports of alleged arrests of several…
Tether Debuts Custom Mining Software to Enhance Efficiency
Tether has introduced new JavaScript libraries designed to improve communication and control with Bitcoin mining hardware, including models from WhatsMiner, AvalonMiner, and Antminer. The proprietary software aims to optimize mining…
FTX’s Dubai Subsidiary Seeks Exclusion from U.S. Bankruptcy Proceedings
The Dubai branch of bankrupt crypto exchange FTX has filed a motion seeking to be excluded from its parent company's ongoing Chapter 11 bankruptcy proceedings in the United States. FTX…
Regulators Concerned: Binance Charges Pose a Dilemma for Consumer Confidence
As regulators weigh potential fraud charges against leading cryptocurrency exchange Binance, they face a difficult balancing act between enforcement and protecting consumer confidence, according to a news report. Officials at…
Cryptocurrency Market Buzzing: Bitcoin ETF Approval Odds Surge Amidst Regulatory Shift
In a monumental twist, financial analysts at the esteemed Bloomberg Intelligence have stirred up excitement among cryptocurrency enthusiasts with an astounding announcement. The estimated probability of the notoriously elusive U.S.…
Litecoin Halving Event Successfully Concludes, Further Boosting LTC Adoption
On August 2, a significant milestone was reached in the Litecoin network as it successfully underwent its third halving event at block 2,520,000. With the completion of the halving event,…
Binance Burns 1.4 Billion Terra ‘Luna Classic’ Tokens, Fueling Demand for LUNC Tokens
Major cryptocurrency exchange Binance recently conducted another large-scale burning of Terra (LUNA)'s 'Luna Classic' (LUNC) coins. On August 1st, Binance transferred 1.41 billion LUNC tokens to its burn address, reducing…
Justin Sun Acquires CRV Tokens to Help Curve Finance Weather Debt Crisis
Justin Sun, founder of the TRON blockchain, made headlines recently for purchasing five million Curve tokens (CRV) in an attempt to help Curve Finance manage its debt situation. According to…
FED Will Continue Interest Rate Hikes, say Experts
The Federal Reserve's decision to raise interest rates by another 25 basis points in July has reignited the debate over whether the central bank will continue hiking rates in the…
