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Tag: News

Crypto Market Update: August 24, 2023

The global cryptocurrency market cap today is $1.09 Trillion, a -0.66% change in the last 24 hours and a 1.98% change one year ago. As of today, the market cap of Bitcoin (BTC) is at $506 Billion, representing a Bitcoin dominance of 46.42%. In recent news, the British Treasury issued a firm no to those calling for crypto to be regulated as gambling. This decision highlights the dynamic nature of the crypto market and the importance of...

Bitcoin, Crypto market, News

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Bitcoin exhaustion

The price of Bitcoin has been trading sideways for months, and there is little sign of a breakout. This has led to a decline in trading volume and volatility as investors have become bored and apathetic. On-chain analysis shows that this apathy is not just limited to traders. Long-term holders are also becoming less active, and the supply of Bitcoin held by short-term holders is at a multi-year high. This suggests that many investors are...

Bitcoin, Crypto market, News

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PayPal Launches PYUSD Stablecoin Backed by the US Dollar

PayPal Launches PYUSD Stablecoin Backed by the US Dollar

PayPal has launched its own stablecoin called PayPal USD (PYUSD). PYUSD is fully backed by U.S. dollar deposits. It can be bought or sold on PayPal’s app or website for $1.00 per PYUSD. The stablecoin is designed to reduce friction for in-experience payments in virtual settings and allowing direct flows to developers. PayPal Launches PYUSD Stablecoin PayPal has launched its own stablecoin called PayPal USD (PYUSD). The...

Front page, News, Stablecoins

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Osmosis revamp

Osmosis Revamp

Osmosis has recently undergone a revamp that has introduced new tokenomics and supercharged liquidity. The new tokenomics are designed to incentivize long-term holding and reduce volatility. The supercharged liquidity feature is designed to improve the efficiency of the Osmosis AMM. The automated market maker and decentralized cryptocurrency exchange Osmosis is preparing for its v16 Magnesium upgrade, which will introduce...

Altcoins, DeFi, DEX, Featured, News

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FTX reboot

FTX Reboot: A Possibility or a Far-Fetched Dream?

FTX may reopen its crypto exchange operations FTX has recovered $7.3 billion in cash and crypto assets FTX’s token more than doubled in price on the reports of a potential reboot FTX CEO John Ray first floated the idea of a possible reboot in January FTX’s Recovery FTX has recovered $7.3 billion, and the failed exchange could relaunch, lawyers say. “The situation has stabilized, and the dumpster fire is...

Exchanges, Front page, Main, News

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