Bitcoin Reserves in Exchanges Decline to Five-Year Low Levels
Data from Crypto Quant, an on-chain analytics company, shows a drop in exchange reserves to 2 million BTC, worth an estimated $54.5 billion. Despite some...
Republican Lawmakers Criticize Federal Reserve Policy Towards Stablecoins
A group of three Republican legislatures have raised their concerns regarding stablecoins regulations. The trio has alleged Federal Reserve with overlooking their stablecoin bill. As...
Nansen Report Shows PayPal’s New Stablecoin Faces Sluggish Demand from Crypto Users
Nansen has issued some new data regarding PayPal’s new stablecoin project. PYUSD was launched recently making headlines in every direction. However, data projections from Nansen...
Coinbase-Circle Confirms Realignment of USDC Stablecoin
The dynamism portrayed by the international regulatory domains affirms itself as the turning point for the digital assets landscape. The changes prompt inevitable adaption by...
Nansen Observes PayPal’s PYUSD Struggling to Spark Early Adoption
The introduction of PayPal's stablecoin increased hopes for wider adoption and the launch of cryptocurrencies to the public. However, early adoption patterns depict a different...
Tether Halts Support for Bitcoin’s Omni Layer Due to Lack of Interest
USDT issuer Tether has claimed that it will not issue any more Tether tokens on Bitcoin Omni Layer. The stablecoin issuer has also Bitcoin Cash...
Crypto Exchange Kraken to Add Support for PayPal’s Stablecoin
Kraken exchange has listed the stablecoin issued by PayPal namely PYUSD or PayPal USD. This cryptocurrency exchange has notified the traders on the forum that...
Singaporean Authorities to Seize $735 Million in Money Laundering Case
Law enforcement agencies in Singapore are cracking down on a major money laundering scheme. The police officials and investigators have managed to apprehend the key...
Linea Unveils Final Lap Edging Closer to Mainnet Introduction
The token bridge’s design aims to introduce a new wave of decentralized finance (DeFi) activity onto Linea. Linea is a zero-knowledge Ethereum Virtual Machine (zkEVM)...
PayPal to Issue USD-Backed Stablecoin on Paxos
PayPal is a digital payment platform. It has decided to venture into the stablecoins market recently. To this effect, the company has announced a new...