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PayPal's Crypto Holdings Approach $1 Billion, Primarily in Bitcoin and Ether
10.5.2023
PayPal has disclosed that it holds nearly $1 billion in cryptocurrencies on its balance sheet, mainly consisting of BTC and ETH.
In its latest quarterly financial performance report, the financial payments giant revealed that it holds $943 million worth of customer assets in bitcoin, ether...
Meme Token PEPE Plunges Below $1 Billion Mark Amidst Market Decline
9.5.2023
The recently launched meme token, inspired by Pepe the Frog and dubbed PEPE, experienced a 12% decline against the U.S. dollar on Tuesday, plummeting its market valuation beneath the $1 billion threshold to a present $790 million. Concurrently, the total meme coin sector faced a 7% loss against...
$3.4B of Bitcoin in a popcorn tin: The Silk Road hacker’s story
9.5.2023
The Silk Road hacker lived the high life for a decade with his stolen billions — but was caught due to a transfer of pocket change
Crypto Exchange Bittrex Enters Chapter 11 Bankruptcy Protection Following SEC Lawsuit
9.5.2023
Bittrex Inc., the U.S.-based cryptocurrency exchange, has filed for Chapter 11 bankruptcy protection in Delaware after being sued by the U.S. Securities and Exchange Commission for failing to register with the regulator. The exchange reportedly has over 100,000 creditors and liabilities ranging...
Binance Shifts $4.4 Billion in Bitcoin as Crypto Exchange Temporarily Pauses BTC Withdrawals – What's Going On?
8.5.2023
Binance has moved a large stash of Bitcoin between its crypto wallets over the weekend as the platform halted BTC withdrawals citing network congestion.
According to an analysis of on-chain data by CryptoQuant’s Head of Research Julio Moreno, Binance moved about $4.4 billion worth of BTC across...
‘Landmark’ Crypto Law Proposed in New York to Establish ‘Strongest and Most Comprehensive’ Crypto Regulations in US
8.5.2023
New York State Attorney General Letitia James has proposed “landmark” crypto legislation that claims to be “the strongest and most comprehensive set of regulations on cryptocurrency” in the United States. “Rampant fraud and dysfunction have become the hallmarks of cryptocurrency and it is time...
Digital Assets for 1 Billion Rubles Issued in Russia in a Month
7.5.2023
Platforms authorized by the Russian government issued digital assets worth around a billion rubles in April, the local press reported. The spike in the volume has been attributed to Russian companies experimenting with new financial instruments amid limited access to traditional capital. Russia’s...
Defi Market Holds Steady at $49.31 Billion TVL, Lido Finance Leads the Pack With 24.82% Share
6.5.2023
Since April 18, 2023, the total value locked (TVL) in decentralized finance (defi) has been fluctuating just below the $50 billion threshold. As of today, the TVL amounts to $49.31 billion, registering a 1% increase within the last 24 hours. TVL in Defi Shows Signs of Improvement, Yet to Surpass...
PEPE memecoin hits $1 billion market cap fueled by Binance listing
5.5.2023
The price of the new frog-themed memecoin has surged more than 4,000% since its inception on April 14
Cash App Bitcoin revenue tops $2 billion in the first quarter
5.5.2023
Block’s Q1 earnings report reveals a 25% year-on-year increase in Bitcoin revenue from the fintech firm’s flagship product Cash App
Gaming Studio Bitblox to Build On-Chain Games for $68B Online Gambling Industry
4.5.2023
Bitblox Games will exclusively build crypto games on the Hxro Network, a Solana-based distributed liquidity layer for betting applications
Sui Blockchain Price Prediction as SUI Token Launches on Binance Exchange and Sees $1 Billion Trading Volume in 24 Hours
4.5.2023
Sui launched its mainnet yesterday, with the layer-one blockchain seeing its native SUI token surpass $1 billion in 24-hour trading volume on Binance.
As of writing, SUI's price stands at $1.33, with the proof-of-stake token initially being offered at $0.10 as part of a public sale to users...
Ethereum Price Prediction as $8 Billion Trading Volume Comes In – Are Whales Accumulating?
3.5.2023
The Ethereum price has risen by 1.5% in the past 24 hours, with its climb to $1,865 happening as its 24-hour trading volume moves above $8 billion.
ETH's current price also means that it's barely unchanged in a week and has gained by 4% in the last 30 days, while also appreciating by 56% since...
US Court Orders Operator of South African Bitcoin Ponzi Scheme to Pay Over $3.4 Billion
2.5.2023
Johann Steynberg, the founder and CEO of Mirror Trading International, has been ordered to pay over $1.73 billion in restitution to victims of his bitcoin ponzi scheme. The court has also ordered Steynberg to pay a civil monetary penalty of a similar amount. The Commodity Futures Trading Commission...
Argentina to Settle Chinese Imports in Yuan to Safeguard Dwindling Dollar Reserves
29.4.2023
The economy minister of Argentina, Sergio Massa, announced that starting this month, payments for imports coming from China will be settled using the Chinese yuan. The agreement, which will allow the country to safeguard its dwindling dollar reserves, involves the disbursement of more than...
XRP Price Prediction as 24-Hour Trading Volume Blasts Past $2 Billion – Are Whales Buying XRP?
28.4.2023
The XRP price has risen by 3% in the past 24 hours, climbing to $0.473787 as the cryptocurrency market as a whole posts a 1.5% return over the same period.
XRP remains down by 8% in the last 30 days but has gained by 39% since the beginning of the year, while its 24-hour trading volume has neared...
BCH Bull Launches Production Release, While Cashfusion Fuses Over $2 Billion in BCH
27.4.2023
As the Bitcoin Cash enthusiasts brace themselves for the much-awaited upgrade that vows to unleash decentralized applications, General Protocols revealed a complete production release of its decentralized hedging application, boasting a doubled contract size. Meanwhile, those utilizing...
Seoul Prosecutors Believe Terra Co-Founder Do Kwon Still in Possession of $100 Million Held in Swiss Bank Account
27.4.2023
In the wake of the recent legal action against ten associates of Terraform Labs, which included the co-founder Shin Hyun-seong, known to many as Daniel Shin, it appears that prosecutors from Seoul are convinced that Terraform Labs and co-founder Do Kwon are still in possession of a considerable...
US Banking Industry Still Struggling as First Republic Bank Shares Plummet by Over 30%
26.4.2023
In the midst of a tumultuous week, First Republic Bank is struggling to regain its footing in the financial world. Reports have surfaced that the bank is poised to enter government receivership due to a massive outflow of $100 billion in customer withdrawals last month. This has prompted investors...
Bitcoin touches $30K as BTC bulls well-positioned for weekly $3.2 billion options expiry
26.4.2023
Weaker U.S. financial system has raised BTC bulls’ odds of profiting $780 million on April 28 options expiry