PYUSD market cap rises 150% following Solana launch
PayPal Technology Company in North America PayPal is an American multinational financial technology firm that operates an online payment system...
Month: August 2024
Winklevoss slams Harris for not showing up to virtual roundtable
Tyler Winklevoss, co-founder of the Gemini crypto exchange, expressed bewilderment over US Vice President Kamala Harris’ absence from a crucial...
Rising age bands in Bitcoin supply suggest reduction in market liquidity
Onchain Highlights DEFINITION: This chart displays an overlay of multiple Supply Last Active variants, each shown as a percentage of...
Ripple starts testing its stablecoin RLUSD on XRP Ledger and Ethereum
Ripple has initiated beta testing of its USD-backed stablecoin, Ripple USD (RLUSD), on the XRP Ledger (XRPL) and Ethereum mainnet....
Analysts believe Bitcoin, Ethereum may face further downside in the short term
Bitcoin (BTC) and Ethereum (ETH) recovered 21% and 18%, respectively, from their bottoms registered after the Aug. 4 crash. However,...
Bitcoin’s MVRV Z-Score suggests undervaluation
Onchain Highlights DEFINITION:The MVRV Z-Score evaluates whether BTC is overvalued or undervalued relative to its “fair value”. Instead of using...
Thailand launches crypto regulatory sandbox to kick-off adoption
The Securities and Exchange Commission of Thailand (SEC Thailand) has launched a Digital Asset Regulatory Sandbox, according to an Aug....
Grayscale Report: Liquidated Long Perpetual Positions Fueled ETH’s Black Monday Flash Crash
Ethereum’s Aug. 4 decline could have been fueled by the liquidation of a portion of long positions in perpetual futures,...
New York Federal Reserve Staff Paper on Tornado Cash Concludes Ethereum Is ‘Not Immune to Censorship and Cooperation’
A staff report published by several New York Federal Reserve employees found that Ethereum “is not immune to censorship and...
Polymarket’s Integrity Questioned Over Venezuelan Presidential Election Bet Outcome
Polymarket, a cryptocurrency-based prediction market, has declared Edmundo Gonzalez, the opposition candidate, the winner of the Venezuelan presidential election bet....
Coinbase Challenges CFTC Proposal, Advocates for Balanced Regulation of Event Contracts
Coinbase Chief Legal Officer Paul Grewal has raised concerns on social media regarding the Commodity Futures Trading Commission’s (CFTC) proposed...
Ripple Starts Beta Testing of USD-Pegged Stablecoin on XRP Ledger and Ethereum
Ripple Labs has initiated beta testing for ripple usd (RLUSD), a stablecoin pegged to the U.S. dollar, on both the...
Bloomberg’s Mike McGlone: Recession Fears Could Drive Gold to $3,000
In a recent interview with Kitco News, Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, warned that the current economic...
Nexio Raises $2.2M in Pre-Seed Funding, Launches Parallelized Bitcoin Rollup to Revolutionize Bitcoin’s Scalability
PRESS RELEASE. New York, August 9th, 2024 – Nexio, a pioneering Bitcoin scaling solution leveraging parallelized rollup technology, today announced...
AI offerings are a bad joke, and investors aren’t laughing
Neither OpenAI nor other tech giants have produced systems capable of doing much, but that hasn't stopped them from pushing...