Online payment giant PayPal is making changes to its platform in the UK so that it is in line with local financial legislation. In order to comply with new rules, PayPal notified on August 16 that it is temporarily halting the capacity for its U.K. clients to acquire cryptocurrencies. A
August 16, 2023 2 mins read
After the highly-anticipated debut of Jacobi Asset Management’s Jacobi FT Wilshire Bitcoin ETF, Europe will finally have its first spot Bitcoin exchange-traded fund (ETF). More than a year after its initial debut date of 2022, the London-based digital asset management business said on August 15 that its new investment product
August 15, 2023 2 mins read
The sudden surge from multi-month lows in the $25,000 range to fresh annual highs above $32,000 in BTC prices was sparked by the influx of new spot Bitcoin ETF applications from respectable financial institutions in June. However, according to statistics provided by The Block, Bitcoin’s annualized 30-day price volatility is
August 15, 2023 2 mins read
A total of 332,000,000 SAND tokens, or around 16% of the total circulating supply of the digital asset, have been unlocked by The Sandbox. At the moment of unlock, the tokens were valued at around $133 million. Token Unlocks, a tracker that keeps tabs on vesting schedules, reports that 71M
August 14, 2023 2 mins read
The Shiba Inu team has been hinting at the impending release of the Shibarium mainnet this week at the upcoming event. All eyes are on the Blockchain Futurist Conference and ETH hackathon in Canada. The SHIB price has been on an upward trend for the previous few days leading up
August 12, 2023 1 min read
As Ethereum’s volatility drops low, the on-chain analytics business IntoTheBlock claims a huge decrease in ETH fees. IntoTheBlock reported this week that Ethereum transaction costs have been reduced by a substantial 21.2%. The weekly total of $34.8 million spent on Ethereum fees is the lowest it’s been in two months.
August 11, 2023 1 min read
The Hong Kong Virtual Asset Exchange (HKVAX) has received an in-principle clearance from the Securities and Futures Commission (SFC) to conduct virtual asset trading in accordance with Hong Kong’s securities regulations. To conduct Type 1 and Type 7 regulated operations, HKVAX reported on August 11 that it had secured “approval-in-principle”
August 11, 2023 2 mins read
Ripple is now a member of the cross-border payments interoperability and extension (PIE) task group recently launched by the Bank for International Settlements (BIS). The Bank for International Settlements (BIS) released a report of the May 11 meeting of the PIE task force on August 9. The summary said that
August 10, 2023 1 min read
Inflation as measured by the annual Consumer Price Index in July came in at 3.2%, below market estimates of 3.3%, as reported by the U.S. Bureau of Labor Statistics. Inflation measured by the Core Consumer Price Index came in at 4.7%, below the market’s estimate of 4.8%, with the monthly
August 10, 2023 1 min read
The team of the Cardano-based decentralized exchange MuesliSwap has decided to reimburse customers who had significant slippage in the last twelve months. The MuesliSwap team “fell short in providing adequate clarity” on the slipping feature in their protocol as stated on August 8. Slippage refers to the fluctuation in cost
August 9, 2023 2 mins read
