Crypto news

Argentina’s Agency for Access to Public Information (AAIP) disclosed that it is currently conducting an investigation on Worldcoin to determine whether it complies with security and privacy rules. The cryptocurrency project, which saw the light of day in July, sparked huge controversy due to its eye-scanning requirements. Other countries, including Kenya and Germany, have also raised concerns on the matter. Argentina Joining the Club The aforementioned agency said it will...

The initial response to Coinbase’s layer 2 blockchain – Base – has been favorable so far. It has garnered substantial engagement in both DeFi operations and cross-chain bridge transactions. The daily active users on Base, for one, surpassed 100,000 for the first time. More importantly, the figure came just a day after the much-anticipated launch of the blockchain’s mainnet. Base was already live for testing by developers but launched for the public officially with more than...

Cryptocurrency trading platform Kraken dethroned its rival Coinbase to become the most liquid United States exchange for altcoins in July. According to a tweet by Dessislava Laneva, a research analyst at crypto data platform Kaiko, by the end of July, Kraken had claimed 47% of the market depth in the US for the top 10 altcoins. Kraken Claims Largest U.S. Market Depth for Altcoins As of January 2023, Kraken had only a 39% share of the market depth of altcoins, while Coinbase...

Tom Lee of Fundstrat fame is at it again. This time, he’s commenting in a recent interview that the price of bitcoin could reach a whopping $200,000 in the next few years, though he didn’t give a specific date this time around. Tom Lee: BTC is Going to $200K In the discussion, Lee said he’s been following Cathie Wood. Not long ago, the main madam behind Ark Invest said she thinks bitcoin could reach a price that surpasses the million-dollar mark in the next seven...

Evernode – a layer 2 smart contract solution built on top of the XRP Ledger (XRPL) – announced the first details of its airdrop intended to reach XRP holders. Such investors should provide a snapshot of their possessions by the beginning of September and must hold their tokens on-chain. The team behind the decentralized platform revealed that it will airdrop 5,160,960 Evers to eligible XRP holders. Investors will be required to send a snapshot of their stash (stored directly...

CoinspeakerBinance Pursues Regulatory Approval in Taiwan via AML Registration Binance is expanding its presence in Asia. The reports about its potential entrance into Taiwan come after the company re-entered the Japanese market last year. Binance Pursues Regulatory Approval in Taiwan via AML Registration

Wyoming, despite its lack of a population, has been on a mission to become one of the most – if not the most – crypto-friendly regions known to man, and thus far, it’s succeeding. Wyoming Still Loves Crypto Over the past seven years, Wyoming has passed more than 30 crypto-based laws designed to regulate the industry, grow innovation, and make things safer. Steve Lupien – director of the Center for Blockchain and Digital Innovation at the University of Wyoming –...

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

After several weeks of sideways trading and failing to register any significant price movements in either direction, these past seven days provided more volatility that resulted in both multi-day lows and highs for BTC. It all started on Monday when the primary cryptocurrency dumped by several hundred dollars after the quiet weekend to a weekly low of $28,700. However, the bulls intercepted the move and pushed the asset north. In fact, what followed was among the most notable...

CoinspeakerRipple CTO Schwartz Comments on Requirements Issued by Fed on Banks Transacting with PayPal Stablecoin David Schwartz seems unsurprised that the Fed is reacting negatively to the new stablecoin issued by PayPal. Ripple CTO Schwartz Comments on Requirements Issued by Fed on Banks Transacting with PayPal Stablecoin