By unveiling its stablecoin, PayPal is attempting to claim a share of the growing cryptocurrency market. The company says that PYUSD will be able to support quick fund transfers for various purposes, such as remittances. PayPal has also indicated that the new cryptocurrency will be compatible with Web3 environments and will eventually be available on
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The United States crypto mining industry is getting a new lobbying group, with one of its biggest goals to dispel misconceptions about its sustainability from policymakers. Launched on Aug. 15, the Digital Energy Council said its aim is to advance policies that encourage the growth of digital asset mining and energy development. DEC founder and
A new financial statement has revealed former United States President Donald Trump owns over $2.8 million in an Ethereum wallet. The statements shared on Aug. 14 by the non-profit watchdog Citizens for Responsibility and Ethics in Washington show Trump made over $4.8 million from licensing fees tied to nonfungible token (NFT) collections using his image —
Democrats from the United States House of Representatives have formed a working group on artificial intelligence aimed at introducing new legislation around the nascent tech sector. The 97-member New Democrat Coalition announced its AI working group on Aug. 15, stating it would work with President Joe Biden’s administration, stakeholders and lawmakers from both sides of
A recent report by the research firm Delphi Digital illustrates the predictable consistency of price action and trends within the crypto market. The report delves into the interconnectedness between the 4-year Bitcoin (BTC) cycle and broader economic trends. According to Delphi Digital analysts, the ongoing consolidation at $30,000 is similar to the period between 2015
A potential wave of spot Bitcoin exchange-traded funds, PayPal’s new stablecoin and a key Ethereum upgrade are among the catalysts that could wake crypto from its hibernation. While early 2023 has seen the price of Bitcoin and other cryptocurrencies improve from the second half of 2022, the past five months have seen more lethargy, with
United States lawmakers on the House Financial Services Committee have demanded answers from the heads of the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) regarding under what circumstances Prometheum obtained a special purpose broker-dealer license (SPBD). In separate letters dated Aug. 9, House committee chair Patrick McHenry and 20 other members
Binance Connect, the regulated buy-and-sell crypto arm of Binance exchange, will shut down on August 16. Cointelegraph confirmed on August 15 via an email with a Binance spokesperson. The same day, BNB Chain decentralized exchange Biswap tweeted that Binance ”has made a difficult decision to disable Binance Connect on 15 August due to its provider closing the
The London-based digital asset management firm announced that its new investment product was going live on the Euronext Amsterdam stock exchange on Aug. 15, more than a year later than its planned launch in 2022. The Jacobi FT Wilshire Bitcoin ETF is now trading. Source: Euronext Amsterdam. As previously reported by Cointelegraph, the offering was
Over the 15 years since Bitcoin was created, there has been no shortage of crazy conspiracy theories about how it was made and where it came from. Some believe Bitcoin was the work of “a bunch of engineers” in the Chinese Communist Party — presumably for world domination; others claim Bitcoin is the work of
China’s provisional guidelines for artificial intelligence (AI) activity and management in the country are scheduled to come into effect on Aug. 15. The regulations, which were published on July 10, are referred to as the “Generative AI Measures” and are the result of a joint effort between six government agencies including the Cybersecurity Administration of
Singapore’s central bank has released a revised regulatory framework aimed at ensuring stability for single-currency stablecoins regulated in the city-state. The Monetary Authority of Singapore announced the framework on Aug. 15 and said it will police single-currency stablecoins (SCS) pegged to the value of the Singapore dollar or G10 currencies such as the euro, British
Ripple’s recent win against the United States Securities and Exchange Commission (SEC) seems to have emboldened crypto firms in the space. As more companies take on the regulator in court, a lawyer has pointed out why XRP’s ruling is important. Ripple Case Ruling a Game-Changer for Crypto Industry A popular Twitter handle, MetaLawMan, has emphasized
Several on-chain metrics and charts are showing signals that could hint at the beginning of a new crypto bull market cycle, according to the co-founder of Delphi Digital. On Aug. 14, institutional crypto research firm Delphi Digital’s Kevin Kelly said that crypto markets are cyclical and predictable which “has huge implications for the crypto market
Base project RocketSwap Labs has outlined its emergency programme to bounce back from a brute force hack which swiped $865,000 or 471 Ether (ETH) from the protocol on Aug. 14. The team explained on Aug. 15 that they plan on redeploying a new farm contract and open-source it on-chain, relinquish minting rights — presumably of
Former FTX executive Ryan Salame will reportedly avoid testifying about his role in FTX’s alleged illegal campaign donation scheme if he is subpoenaed in Sam Bankman-Fried’s criminal trial. Lawyers representing the former FTX co-CEO said that Salame will be unavailable as a witness to the case, according to an Aug. 14 motion filed by United
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