Altcoins

CoinspeakerPayPal’s PYUSD Circulation Plummets 38% in March In a strategic move to bolster PYUSD’s utility and adoption, PayPal announced the integration of PYUSD for funding international transfers through its service Xoom. PayPal’s PYUSD Circulation Plummets 38% in March

The latest bull market in the cryptocurrency industry seems to be underway, given that BTC has already charted a new all-time high, and the total market capitalization is close to its highest figure. Moreover, the fourth halving is anticipated to take place in about two weeks, and history shows that the event tends to serve as a catalyst for future price increases not only for BTC but for many assets as well. As such, it’s no wonder that numerous crypto analysts have outlined...

Bitcoin had a controversial week in terms of price movements, as it slumped to a ten-day low and jumped by nearly five grand a day later but failed to sustain its momentum. The altcoins also suffered on a weekly basis, but most have turned green after yesterday’s retracements. BTC Goes After $68K The volatile week began on Monday after BTC failed to overcome $71,000 on Sunday, which resulted in a price drop of two grand. After it bounced off to $70,000 once more on Tuesday,...

Ethena Labs, the creators of USDe, have incorporated Bitcoin (BTC) as backing into their synthetic dollar-pegged offering. This move aims to scale USDe’s supply from its current $2 billion mark. BTC to Boost Scalability and Liquidity The announcement, made through an April 4 thread on X, highlighted the strategic importance of incorporating BTC as a backing asset. Excited to announce that Ethena has onboarded BTC as a backing asset to USDe This is a crucial unlock which will...

The Solana network has been grappling with a significant surge in transaction failures, with approximately three-quarters of all transactions experiencing issues amidst the frenzy of activity sparked by the recent meme coin craze. Market players believe that the current crisis is an “existential moment as big as the FTX collapse.” Solana’s Failed Transaction Climbs 75% According to the latest data from Dune Analytics on April 4, over 75% of “non-vote” Solana transactions...

CoinspeakerSouth Korea to Introduce Stringent Guidelines for Crypto Exchange Listings in May The South Korean government is about to roll out new guidelines to impose stricter regulation for token listings on centralized crypto exchanges (CEXs) as soon as next month.   South Korea to Introduce Stringent Guidelines for Crypto Exchange Listings in May

CoinspeakerWhen Will PEPE Continue Its Bullish Rally as Bears Show No Sign of Slowing Down? For the bulls to regain control in the short term, they must gather sufficient momentum to overcome the resistance level at $0.0000075 and successfully confirm it as a support level through a retest. When Will PEPE Continue Its Bullish Rally as Bears Show No Sign of Slowing Down?

CoinspeakerSony Bank to Conduct Stablecoin Trial on Polygon Sony’s attempt to perform its stablecoin trial on Polygon’s blockchain is significant as the network boasts a huge user base, thus allowing the firm to optimize the advancement and potency of the project. Sony Bank to Conduct Stablecoin Trial on Polygon

CoinspeakerTerraform Labs Trial Wraps with Jury Verdict, Faces Severe SEC Penalties and Sanctions Terraform Labs is set to deliver their final arguments in a civil fraud trial accused of defrauding investors with the TerraUSD stablecoin, which led to $40 billion in losses and wider crypto market havoc in 2022. Terraform Labs Trial Wraps with Jury Verdict, Faces Severe SEC Penalties and Sanctions

CoinspeakerThe Resurgence of Crypto Investments in Q1 2024 The first quarter of 2024 has marked a significant turning point for the crypto industry, with venture capital (VC) investments witnessing a substantial rebound, breaking a two-year downtrend. The Resurgence of Crypto Investments in Q1 2024