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Bank of America: Paypal Stablecoin (PYUSD) Immediate Adoption Might Be Subdued

CoinspeakerBank of America: Paypal Stablecoin (PYUSD) Immediate Adoption Might Be Subdued The introduction of PayPal stablecoin (PYUSD) represents a groundbreaking development in the realm of stablecoins and digital currencies. Bank of America: Paypal Stablecoin (PYUSD) Immediate Adoption Might Be Subdued

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Bitcoin Cash Analysis: Bears In Charge Below $250

Bitcoin cash price started a fresh decline below the $250 zone against the US Dollar. The price is now trading below the $240 zone and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $234 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $242 resistance zone. Bitcoin cash price is declining below the $242 zone against the US Dollar,...

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EOS Price Analysis: Bears Aim For $0.65 or Lower

EOS price started a fresh decline from the $0.775 zone against the US Dollar. The price is now trading below $0.725 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.7190 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to decline if it stays below the $0.720 and $0.740 resistance levels. EOS price is struggling below $0.720 against the US Dollar, unlike...

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Litecoin (LTC) Price Analysis: Risk of More Losses Below $80

Litecoin is showing bearish signs and trading below $90 against the US Dollar. LTC price is now trading below $85 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $83.80 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could start a decent increase if it clears the $85 resistance zone. Litecoin price is struggling below $85 against the US Dollar, similar to Bitcoin. LTC price...

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US SEC Could Dismiss Coinbase Motion Similar to Terraform Labs

CoinspeakerUS SEC Could Dismiss Coinbase Motion Similar to Terraform Labs The SEC's handling of the Green United case offers insights into its potential approach to Coinbase's motion to dismiss, emphasizing the significance of the "major questions doctrine" in cryptocurrency lawsuits. US SEC Could Dismiss Coinbase Motion Similar to Terraform Labs

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Bitcoin Price Analysis: BTC Faces Uphill Task Near $30K

Bitcoin price started a fresh decline from the $30,200 zone against the US Dollar. The price is now trading above $29,200 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $30,000 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it stays above the $29,000 support zone. Bitcoin price is declining below $29,600 against the US Dollar. BTC might eye...

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Ethereum Price Analysis: ETH Could Resume Increase Above $1,885

Ethereum price is eyeing an upside break above the $1,885 resistance against the US Dollar. ETH price is now trading above $1,835 and the 55 simple moving average (4 hours). There was a break above a major bearish trend line with resistance near $1,850 on the 4-hour chart (data feed from Coinbase). The pair could climb further if it stays above the $1,835 support zone. Ethereum price is consolidating above the $1,835 level against the US Dollar. ETH/USD could rise...

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Ripple Price Analysis: XRP Could Resume Slide Below $0.62

Ripple price started a fresh decline below the $0.685 zone against the US dollar. The price is now trading below $0.680 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $0.640 on the 4-hour chart of the XRP/USD pair (data source from Bittrex). The pair could extend losses if it breaks the $0.626 support zone. Ripple price is struggling below $0.685 against the US Dollar, similar to Bitcoin. XRP price...

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PayPal’s PYUSD Stablecoin: Tether’s Paolo Ardoino and Industry Experts Comment

Payments giant PayPal is launching its own stablecoin, and the move has got both traditional fintech players as well crypto firms excited. Dubbed ‘PYUSD,’ the stablecoin is built on Ethereum and is 1:1 redeemable for US dollars. The move essentially marked the first such move from a major financial institution in the United States. While PayPal briefly stopped working on its stablecoin a few months ago amid tightening regulatory scrutiny of crypto, the subsequent announcement...

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