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Bitcoin Faces Increased Risk Relative to Stocks: Commodity Strategist Mike McGlone Warns of Challenges

August 7, 2023 0

Seasoned commodity strategist Mike McGlone says bitcoin is now riskier relative to stocks, while he further warned that economic downturn pressures may hold silver prices at bay. Bitcoin Volatility Low, Silver Faces Challenges: McGlone In a client communication dated August 2, 2023, the

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Paypal’s New Stablecoin Sparks Confusion: Wave of Counterfeit Tokens Flood Decentralized Exchanges

August 7, 2023 0

Following the announcement by Paypal of the introduction of a novel stablecoin asset named PYUSD, a wave of counterfeit Paypal tokens has emerged on decentralized exchange (dex) platforms, including Uniswap. The absence of an official release of PYUSD’s token address by Paypal or Paxos has paved the way for the creation of these fraudulent tokens, […]

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Biggest Movers: BCH 5% Higher on Monday, XLM Avoids Drop Below Support

August 7, 2023 0

Bitcoin Cash was one of Monday’s biggest movers, rising by as much as 5%, despite markets mostly consolidating to start the week. The global crypto market cap has been largely unchanged, with volatility mostly muted. Stellar also rose higher, avoiding a drop below a key support point. Bitcoin Cash (BCH) Bitcoin cash (BCH) rose by […]

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Payments Giant Paypal Launches Dollar-Backed Stablecoin PYUSD

August 7, 2023 0

Paypal has introduced its own stablecoin, representing the first venture of its kind by a leading financial firm. Initially reported by Bloomberg, the launch could notably accelerate the slow integration of cryptocurrencies for payment purposes. A New Era for Paypal: Introduction of PYUSD Stablecoin to Facilitate Cryptocurrency Trading and Payments On Monday, the internet

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Stablecoin Turmoil: $1.53 Billion Redeemed in a Month Amid Declining Trade Volume

August 7, 2023 0

In the brief span from July 12, 2023 to August 6, 2023, the stablecoin economy witnessed a staggering loss exceeding $1.53 billion in value. Among the premier ten stablecoins, Pax’s pax dollar (USDP) experienced a redemption of 39% of its supply over the preceding 30 days. Unstable Times for Stablecoins: Major Players Hit with Sweeping […]

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Bitcoin, Ethereum Technical Analysis: BTC Flatlines on Monday, as Market Volatility Continues to Fade

August 7, 2023 0

Bitcoin started the week mostly flat, as market volatility remained near recent lows during today’s session. Traders appear to be on the sidelines ahead of Wednesday’s key inflation report from the United States. Ethereum mostly consolidated on Monday. Bitcoin Bitcoin (BTC) continued to hover near the $29,000 level to start the week, as market volatility […]

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FBI Issues Warning on Scam Involving Criminals Impersonating NFT Developers

August 7, 2023 0

The Federal Bureau of Investigation (FBI) has issued a Public Service Announcement (PSA) warning about criminals impersonating non-fungible token (NFT) developers in social media. According to the PSA, criminals can impersonate these developers on social media by hijacking accounts or using similar account names and directing interested users to fake NFT sales pages to

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Scottish Author Exposing Onecoin Cancels ‘Devil’s Coin’ Book Tour After Death Threats

August 7, 2023 0

An author from Scotland has been targeted for her work to expose one of crypto history’s most notorious Ponzi schemes, Onecoin. Jennifer McAdam recently canceled book signings after receiving death threats for writing about the massive fraud and its ‘Cryptoqueen’ mastermind. Writer Cancels Promotional Events for Book on Onecoin on Advice From Scottish Police and […]

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Latam Insights — Honduras Opens Public CBDC Consultation, Venezuela Applies to Enter BRICS

August 7, 2023 0

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Honduras opens a central bank digital currency (CBDC) consultation, Venezuela applies officially to join BRICS, and Trubit launches Pix payment integration in Brazil. Honduras Opens CBDC Issuance Public Consultation The Central Bank of […]

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G20 President India Proposes ‘Action Points’ for Implementing Global Crypto Rules

August 7, 2023 0

The Indian Presidency of G20 has put forward proposals for a roadmap to introducing a global regulatory framework for crypto assets. India believes a more coordinated policy will be needed to enforce international standards in the field and adequately minimize associated risks. India’s G20 Presidency Provides Its Input for FSB and IMF Global Crypto Regulatory […]