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Hashdex Withdraws Application for Spot Ether ETF, SEC Filings Show


According to documents filed with the U.S. Securities and Exchange Commission (SEC) on May 24, Hashdex has officially withdrawn its application for the Hashdex Nasdaq Ethereum ETF.  The post Hashdex Withdraws Application for Spot Ether ETF, SEC Filings Show appeared first on Cryptonews

PayPal Expands PYUSD to Solana Blockchain for Lower-Cost Transactions


PayPal Holdings, Inc. announced the expansion of its stablecoin, PayPal USD (PYUSD), to the Solana blockchain to enhance transaction speeds and reduce costs, providing users greater flexibility and control. The post PayPal Expands PYUSD to Solana Blockchain for Lower-Cost Transactions appeared...

TRUMP Coin Reaches All-Time High as Trump-Themed Cryptos See Major Gains


The presidential meme coin fervor persists, with the token maga (TRUMP) hitting an all-time high of $15.45 on Wednesday. This surge elevated the value of Donald Trump’s TRUMP coins to $8.06 million on May 29. Additionally, various Trump-related crypto assets are emerging from the woodwork...

Texas Regulator Orders Arkbit Crypto Mining To Shut Down


A phoney Arkbit cryptocurrency cloud mining enterprise has suffered a significant setback at the hands of the Texas State Securities Board. A cease-and-desist order was issued by the SEC on May 28 against Arkbit Capital for allegedly using dishonest tactics to commit an investment fraud. The post...

Israel to Launch Digital Shekel Test for Payment


The "digital shekel," also known as the central bank digital currency (CBDC), is being developed at a faster pace by the Bank of Israel (BoI). The bank recently provided an update on May 28 that included preparations for the payment use case of the CBDC through the 'Digital Shekel Challenge'...

Paypal Expands PYUSD to Solana Blockchain for Better Payment Solutions


Payments giant Paypal has made Paypal USD (PYUSD) available on the Solana blockchain, making the stablecoin “faster and cheaper to use.” Platforms like Crypto.com, Phantom, and Paxos are among the first to offer PYUSD on Solana, alongside Paypal and Venmo wallets. Paypal Makes PYUSD Available...

NYSE Partners With Coindesk for Bitcoin-Tracking Financial Products


The New York Stock Exchange (NYSE) has teamed up with Coindesk Indices to develop cash-settled options contracts that track bitcoin prices. These contracts, based on the Coindesk Bitcoin Price Index (XBX), are currently in the planning stage and awaiting regulatory approval. NYSE and Coindesk...

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