Tag: crypto news

Online payments firm PayPal launched a U.S. dollar stablecoin on Monday in a bid to boost the usage of cryptocurrencies for online payments and transfers. PayPal's shares rose by 1% following the announcement. Pegged to the U.S. dollar, this currency is defined as a stablecoin...

Cryptocurrencies have recently been gaining a rise in support from major traditional banking and investment institutions, thereby adding momentum to digital currencies despite a recent rise in pressure from US regulators. BlackRock, the world's largest investment manager, recently announced its decision to launch an exchange-traded...

Bitcoin rose by 3% on Wednesday to $28,720; its highest level since May. The largest digital asset has rebounded by 74% so far this year. Ether, Cardano, and Solana also posted gains. The recent crypto rise follows a wave of interest in digital currencies from traditional...

A sharp selloff of cryptocurrencies got underway this past weekend after a week of crackdowns by the US Securities and Exchange Commission on the sector triggered investor anxiety. Several smaller digital currencies were hit exceptionally hard by selloffs, with Cardano’s ADA plummeting by 25% on...

EU Parliament has backed the Markets in Crypto Act (MiCA), which aims to regulate crypto assets and the cryptocurrency market. MiCA represents the world’s first uniform legal framework focused on regulating the crypto industry. By placing rules in place, European Union intends to limit the...

Brian Armstrong, the CEO of crypto exchange Coinbase, urged the U.S. and UK to put clear regulations in place for the crypto market. According to Armstrong, without proper legislation “onshore,” crypto firms will be prompted to develop in “offshore havens.” Armstrong shared his opinion on...