In a bid to secure a portion of the expanding cryptocurrency market, PayPal has recently unveiled its stablecoin, PYUSD. This new digital currency aims to enable swift fund transfers for various purposes, including remittances. Furthermore, PayPal has expressed its intention to support Web3 environments and eventually make PYUSD accessible on Venmo. This move towards Web3
Altcoins
Bitcoin (BTC) is currently forming two successive Doji candlestick patterns on the weekly charts, indicating indecision in the market. However, the positive sign is that the price is sustaining above the 20-week exponential moving average ($28,072), suggesting that the bulls still have control. In this article, we will analyze the current market conditions for Bitcoin
Lawmakers in Brazil are currently considering a legislation that would increase taxes on cryptocurrencies held overseas. The proposed bill aims to classify cryptocurrencies as “financial assets” for tax purposes in foreign investments. This article will analyze the potential impact of this legislation on the cryptocurrency market in Brazil. Equal Tax Treatment One of the primary
Crypto users recently experienced unexpected price fluctuations for Ripple’s XRP token on the Gemini exchange. The relisting of XRP on the platform for deposits and trading led to “wonky” prices, causing concern among community members. This article examines the price glitch, possible explanations, and the impact on Gemini’s platform. Social media platform Twitter was abuzz
Curve, the decentralized stablecoin trading platform, has received a significant boost with a $5 million investment from Binance Labs, the venture arm of cryptocurrency exchange Binance. This investment marks an important milestone for Curve and highlights the growing interest in decentralized finance (DeFi) projects. Curve has established itself as a major player in the DeFi
Crypto-focused venture capital firm, Blockchain Capital, recently experienced a security breach when its Twitter account was taken over by scammers. The scammers targeted unsuspecting users by promising a token claim through a giveaway of “BCAP” tokens. In an attempt to deceive users further, the scammers directed them to a copycat website that closely resembled the
The price of Cardano (ADA) is facing a potentially substantial decline of over 20% in August. This forecast is based on the formation of a classic technical pattern known as a bump and run reversal (BARR). The BARR pattern occurs when excessive speculation drives the price higher quickly, leading to a “bull trap.” The pattern
The latest data on cryptocurrency asset flows indicates a recurring trend of outflows, totaling $107 million for the week ending August 4. This continuation of negative movement, which has persisted for the past three weeks, now amounts to a cumulative outflow of $134.8 million. The primary contributor to this trend is Bitcoin (BTC), with outflows
Recent news of a groundbreaking discovery by South Korean scientists has sent shockwaves through the scientific and cryptocurrency communities alike. The team claims to have successfully engineered a superconducting material, named LK-99, that operates at ambient temperature and pressure, a feat previously thought to be impossible. This article delves into the implications of this breakthrough
A recent study conducted by the Network Contagion Research Institute (NCRI) has shed light on the significant influence of crypto-spouting Twitter bots on the price of altcoins. The study examined over 3 million tweets related to 18 altcoins listed on FTX between January 2019 and January 2023. The Impact of Twitter Bot Activity The research
Aave, the governance token of the decentralized finance (DeFi) Aave protocol, has experienced a 17% decline in its price between July 30 and August 1. This downward movement has raised questions among investors about the overall health of the sector and whether other factors are exerting pressure on the Aave (AAVE) token price. One contributing
In the ever-evolving world of cryptocurrency, scandals and controversies are not uncommon. One recent incident that has captured the attention of many is the rug pull of the BALD token. In this article, we will delve into the allegations surrounding the FTX founder, Sam “SBF” Bankman-Fried, and explore the possible reasons behind Bitcoin’s drop below
The WLD token offers various avenues for individuals to acquire it, catering to their specific purchasing preferences. These options enable investors to engage with the token in a way that aligns with their needs. Market trends influence the prices, ensuring that investors are exposed to fluid and dynamic market conditions. The World of Centralized Exchanges
Bitcoin has been experiencing a period of consolidation, with its market dominance gradually decreasing as investors shift their focus to select altcoins. While this altcoin recovery is promising, it remains highly dependent on Bitcoin’s performance. If Bitcoin experiences a sharp decline, there is a high possibility of an altcoin sell-off. As traders look for trading
After a volatile debut in the mainstream cryptocurrency exchanges, the price of Worldcoin (WLD) has finally stabilized. On July 29, the WLD price saw a surge of nearly 6%, reaching $2.35. However, it is important to note that the token is still down 70% from its peak price of $7.50 during its market debut. The
The year 2022 posed numerous challenges for Cosmos and its vision of inter-blockchain communications (IBC). The collapse of the Terra Luna ecosystem, internal tensions among co-founders, and a dip in token price all raised concerns about the future prospects of IBC. Despite these setbacks, projects like dYdX and the Seda protocol remain committed to the
EOS Network Foundation (ENF) founder and CEO, Yves La Rose, has announced the organization’s intention to file a lawsuit against Block.one, the creator and original seller of EOS. This legal action comes in response to Block.one’s failure to deliver on its promise to invest $1 billion, following its impressive $4.1 billion raise in 2018. La
In the recent episode of “The Market Report,” Marcel Pechman, an analyst and writer, delves into the Worldcoin token launch, highlighting its controversies and distinguishing features from other altcoins. Pechman advises potential investors to thoroughly comprehend the project before considering any investments. Examining the tokenomics of the Worldcoin token, which was launched on July 24,
Maker, a cryptocurrency, has experienced a remarkable surge of 53.5% over the past month, with a significant 28.1% increase between July 15 and July 22, resulting in its highest daily close in almost a year. However, the question arises: Can Maker maintain its current trajectory or were short-term factors responsible for the price pump? In
Stellar (XLM) has experienced a substantial increase in its price, rising by approximately 60% since the recent court ruling in favor of Ripple against the U.S. Securities and Exchange Commission (SEC) on July 13. Despite this growth, the token’s value remains around 20% lower than its previous peak of $0.195, currently trading at approximately $0.154
In a recent episode of The Market Report, Cointelegraph analyst Marcel Pechman delves into Ripple’s legal battle with the Securities and Exchange Commission (SEC) and the implications it has had on the cryptocurrency market. While initial reactions to the news caused a surge in altcoin trading, the gains were short-lived as investors began to process
In the second quarter of 2023, Bitcoin’s performance stood out as its market dominance increased in comparison to altcoins, which experienced significant losses. According to CoinGecko’s industry report released on July 18, Bitcoin (BTC) and Ether (ETH) continued to build upon their gains from the previous quarter. However, other cryptocurrencies like Binance Coin (BNB), XRP
Bitcoin (BTC) showed resilience as it held the $30,000 support level on July 17, despite observers predicting a potential drop. The lack of volatility in BTC/USD over the weekend indicated a stagnant market with no significant catalysts for change in risk assets. On-chain monitoring resource Material Indicators described the current state as a battle between
Ray Salmond, the show host and Cointelegraph head of markets, recently had a conversation with KryptosChain, a Polkadot ambassador and content creator, on the latest episode of Market Talks. The discussion revolved around the current state of the crypto market and the significant transformations happening in the Polkadot ecosystem. According to KryptosChain, there are signs
Cardano (ADA) recently experienced an impressive price surge of 23.9% on July 13, leaving investors intrigued about its potential for further gains. This significant rally was fueled by a favorable judicial decision regarding XRP (XRP), which raised questions about whether Cardano has what it takes to break above the $0.40 mark. Despite this positive development,
The recent federal court ruling affirming that XRP sales on crypto exchanges comply with U.S. securities laws has caused a dramatic surge in the price of XRP (XRP). Despite a slight retreat of about 10% to $0.76 on July 14, the price of XRP remains up around 65% compared to its previous day’s lowest price.
Polygon (MATIC) has seen a substantial surge in its price on July 13, driven by several significant factors. These factors include a recent court ruling in favor of XRP, increasing activity of decentralized applications (Dapps) on the Polygon Network, and the highly anticipated launch of Polygon 2.0. Within just 12 hours, MATIC experienced an impressive