Bitcoin Price Prediction: BTC Nears $68,000; BlackRock’s $20B Fund Boosts Investor Confidence
Bitcoin Price Prediction Bitcoin (BTC), the world’s leading cryptocurrency, continues its bearish trend, remaining below the $68,000 mark and hitting an intraday low of $67,147. Major altcoins like Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) also edged
Joint Global Tax Group Issue Crypto Risk Indicators to Financial Institutions
An international group of tax chiefs – J5 – has advocated financial institutions to be mindful of crypto risk-indicators, prone to illicit activities. The Joint Chiefs of Global Tax Enforcement (J5) has listed-down five risk-indicators associated with cryptocurrencies. The indicators are
PayPal’s PYUSD Stablecoin on Solana Introduces ‘Confidential Transfers’ for Enhanced Privacy
PayPal’s PYUSD stablecoin, which was recently deployed on the Solana blockchain, includes a feature called “confidential transfers.” The feature aims to provide enhanced privacy for users while maintaining transparency for regulatory purposes. On May 29, PayPal made an official announcement regarding the
PayPal’s PYUSD Stablecoin on Solana Introduces ‘Confidential Transfers’ for Enhanced Privacy
PayPal’s PYUSD stablecoin, which was recently deployed on the Solana blockchain, includes a feature called “confidential transfers.” The feature aims to provide enhanced privacy for users while maintaining transparency for regulatory purposes. On May 29, PayPal made an official announcement regarding the
Former Consensys Employee Launches Stablecoin ‘USD3’
Former Consensys employee Jack Jia, the founder of Stable.com has launched USD3, a “payments-first” new stablecoin despite the present lack of a regulatory framework and uncertainty around the market. The USD3 is a 1:1 backed stablecoin and aims to be an
NFTs are Highly Susceptible to Fraud and Scams: US Treasury Report
The US Treasury, on Wednesday, released it first risk-assessment report, exploring the vulnerabilities associated with non-fungible tokens (NFTs). The report stressed that these asset classes are “highly susceptible to use in fraud and scams,” most of which are traditional schemes. The
Hashdex Withdraws Application for Spot Ether ETF, SEC Filings Show
According to documents filed with the U.S. Securities and Exchange Commission (SEC) on May 24, Hashdex has officially withdrawn its application for the Hashdex Nasdaq Ethereum ETF. The filing, submitted on May 28, has left investors and industry observers speculating
Genesis Returns $2.2B in Crypto Assets to Lending Program Participants
Defunct crypto lender Genesis distributed $2.18b worth of crypto to 232,000 users enrolled in Gemini Earn, an interest-accruing lending program. The distribution followed a New York bankruptcy judge approving the Chapter 11 plan last week. Gemini said in a post on
Survey Reveals 84% of US Gamers Haven’t Tried Blockchain Games
A recent survey found that nearly 80% of gamers in the United States have never heard of or played blockchain video games. According to a poll conducted by Onepoll.com, most gamers in the U.S. remain unaware of blockchain games, including their
Hidden Road Halts Client Access to Bybit Over KYC and AML Disagreements- Bloomberg
Hidden Road, a prime brokerage backed by Citadel Securities, has suspended client access to the cryptocurrency trading platform Bybit due to disagreements over know-your-customer (KYC) and anti-money laundering (AML) requirements. According to Bloomberg, Bybit is undergoing a comprehensive compliance review