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Microstrategy Stock Reaches Two-Year-High Thanks to Surging Bitcoin Prices

Michael Saylor must be feeling quite good at the moment. The famous cryptocurrency bull has seen the stock of his company Microstrategy reach a two-year-high at the end of last week, thanks to surging Bitcoin prices. Under Saylor’s guidance, Microstrategy started accumulating large amounts of...

PayPal Launches Stablecoin in Crypto Push

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...

SEC Asked Coinbase to Delist All Cryptocurrencies Except Bitcoin Before the Lawsuit

The Financial Times recently published a report that sheds new light on the lawsuit that U.S. Securities and Exchange Commission (SEC) initiated against the U.S.-based crypto exchange Coinbase. According to the report, SEC initially asked Coinbase to delist all the cryptocurrencies except Bitcoin before...

Banking Majors Prop Up Cryptocurrency Amid Rising Lawsuits

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 Rises for Sixth Straight Week as Financial Giants Back Crypto

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...

Weekend Crypto Selloff Sparks Investor Anxiety

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...