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Paolo Ardoino, CTO of Tether, gave his thoughts on PayPal’s stablecoin launch. In terms of market cap, Tether (USDT) is the biggest stablecoin. Ardoino maintained that the most recent PYUSD maneuver would not threaten their preeminence. According to Ardoino, this is because PayPal’s stablecoin (PYUSD) was introduced in the United
Ethereum (ETH), the leading altcoin by market capitalization, has experienced a slight recovery of 0.13% after reaching a weekly low of $1,804 on August 7. However, the trading price of ETH still stays below the $1,900 mark, showing bearish momentum in the crypto market. Yesterday, Ethereum experienced a downtrend that
While Bitcoin (BTC) trading below $30K range, experts are pointing to bullish indicators that hint at the possibility of Bitcoin reaching an all-time high in the near future. Blockstream, a leading blockchain technology service provider, CEO Adam Back, one of crypto pioneers recently engaged in a million-dollar wager regarding Bitcoin’s
Investors in Bitcoin (BTC) are in a bind as the value of the leading cryptocurrency continues to consolidate. Crypto whales are being driven away as evidenced by the 30% volume drop. The price of Bitcoin is $29,054 at the time of writing as per data from CMC. Earlier on Aug
Bitcoin, the largest cryptocurrency by market capitalization, is currently causing concern among investors and traders due to its strong bearish momentum. On August 2nd, BTC broke through its downtrend week, reaching the $29,995 mark, and briefly exhibited a bullish moment following an announcement from MicroStrategy. The company revealed plans to sell
According to data compiled by CCData, South Korean crypto exchange Upbit overtook Coinbase and OKX in trading volume for the first time in July. Both Coinbase and OKX, two centralized exchanges, suffered a decrease in trading volume in July, with Coinbase’s volume falling by 11.6% to $28.6 billion and OKX’s
HashKey Exchange is the first cryptocurrency exchange in Hong Kong to get a license to operate for retail clients under the region’s new crypto guidelines, which are designed to turn Hong Kong into a global cryptocurrency center. HashKey Group, which includes virtual asset exchange HashKey Exchange in Hong Kong, made
Ethereum, the second-largest cryptocurrency finds itself amidst a bear-dominated market. The ongoing battle between the bear and the bull has intensified over the past two weeks, driving down the price. Notably, the price of ETH has decreased by 6.16% in the last month and by 2.1% within the last 7
As of today, the pace at which Litecoin is being issued has decreased by half, an occurrence known as “the halving.” Litecoin follows Bitcoin’s lead in going through the halving cycle every 4 years. The block reward for verifying blockchain transactions is halved during a crypto-halving event. After the event,
Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, has experienced a slight recovery after reaching a weekly low of $28,657 on August 1. The trading price of BTC has crossed the $29K mark and is showing significant bullish momentum. After several days of trading in consolidation, Bitcoin is back
