PayPal held $604M in Bitcoin and other crypto by the end of 2022
Bitcoin and Ether have the largest share in PayPal’s crypto assets, accounting for $291 million and $250 million in the asset breakdown, respectively. Go to Source Powered by WPeMatico
Month: February 2023
Community urges Coinbase to relist XRP as CEO fights for staking
The community is wondering whether delisting XRP in 2020 was due to Coinbase’s willingness to protect customers from “government overreach.” Go to Source Powered by WPeMatico
Bitcoin, Ethereum Technical Analysis: BTC, ETH Hit Multi-Week Low, as Sell-off Worsens
Bitcoin moved below $22,000 on Friday’s session, as sentiment in cryptocurrency markets remained bearish. Volatility in markets has risen in recent days, following comments from U.S. Fed Chair Jerome Powell, who hinted at ongoing rate hikes. Ethereum also dropped, falling under $1,600. Bitcoin Bitcoin (BTC) extended recent declines on Friday, with prices falling below the … Read more
The role of cryptocurrency in advancing financial inclusion
Access to and use of financial services, known as financial inclusion, is crucial for economic growth and development. Go to Source Powered by WPeMatico
Russian Charged With Laundering Ransomware Proceeds in Crypto Pleads Guilty in US
A Russian national accused of processing cryptocurrency payments from ransomware attacks has pleaded guilty to money laundering in the United States. The man who was extradited from the Netherlands in mid-August, last year, will be sentenced in April. Russian Crypto Launderer Pleads Guilty in US Court, May Get Up to 20 Years in Prison An … Read more
Bitget Expands Innovation Zone With Priority Access to Exceptional Projects
PRESS RELEASE. Victoria Seychelles, 2023 – Bitget, the leading global crypto derivative exchange, announces to add AI (Artificial Intelligence), Arbitrum, and NFT zone listings to its Innovation Zone for users who would like to expose their crypto portfolio to related tokens in an early stage. The newly listed tokens will need to be regularly reviewed … Read more
French Luxury Brand Hermes Wins NFT Trademark Infringement Lawsuit
French luxury brand Hermes has won a lawsuit against an artist who depicted its famous Birkin bags in a non-fungible token (NFT) collection. The artist argued that NFTs should be covered under the U.S. Constitution’s First Amendment but the jury disagreed. Hermes Wins Lawsuit Against ‘Metabirkins’ NFT Creator French luxury design house Hermes has […] … Read more
China to launch national blockchain research center
The goal of the new state-supported institution is to speed up the country’s industry through blockchain technology. Go to Source Powered by WPeMatico
Bitcoin price taps 3-week lows as SEC fears liquidate $250M of crypto longs
Panic over regulatory enforcement sees Bitcoin and altcoins give up recent gains, costing long traders over a quarter of a billion dollars in a single day. Go to Source Powered by WPeMatico
Argentina Mulls Inclusion of Proof-of-Solvency Requirements in Crypto Regulation
Regulators in Argentina are mulling the inclusion of stringent requirements in their next cryptocurrency regulatory framework. According to reports, institutions like the national securities regulator, the CNV, will be studying the inclusion of proof-of-solvency requirements for exchanges and custody institutions in Argentina, in the wake of the demise of leading cryptocurrency exchange FTX. Cryptocurrency Exchanges … Read more