Crypto news

CoinspeakerPayPal (PYPL) Shares Fall 7% as Q2 2023 Report Disappoints Investors Despite investor disappointment, CEO Dan Schulman is confident that Q2 2023 shows that PayPal is on the right path to growth. PayPal (PYPL) Shares Fall 7% as Q2 2023 Report Disappoints Investors

CoinspeakerJPMorgan Chief Reacts to Fitch Ratings US Downgrade to AA+ In reaction to the Fitch Ratings downgrade, the JPMorgan CEO said that “it doesn’t really matter that much”. JPMorgan Chief Reacts to Fitch Ratings US Downgrade to AA+

CoinspeakerWorldcoin Foundation Pauses Verification Services The Worldcoin Foundation said it will use the pause to develop an onboarding program with more robust crowd control measures. Worldcoin Foundation Pauses Verification Services

The American gaming merchandise retailer – GameStop – announced it will remove its cryptocurrency wallets from the market as of November 1, 2023.  The entity launched those features in the spring of last year, enabling users to manage digital assets and non-fungible tokens (NFTs). The End of the Offering GameStop disclosed on its official website that it will remove its iOS and Chrome Extension wallets as of the beginning of November due to “the regulatory uncertainty of the...

The Ordinals protocol team announced the launch of a non-profit organization, dubbed ‘Open Ordinals Institute,’ to fund its open-source development. The Open Ordinals Institute is a registered 501(c)(3) California-based public charity that will collect donations in Bitcoin to back the protocol’s development by funding its core group of developers. The focus will also be on the creation of user-friendly tools to enable less technically proficient users to create Bitcoin...

Bloomberg ETF analysts have boosted their approval odds for a U.S. Bitcoin (BTC) spot ETF from 50% to 65%, in light of “recent events and new information.” The analysts believe it is most likely that the Securities and Exchange Commission (SEC) will simultaneously approve all recent applications for the product after Grayscale defeats the agency in federal court. The ETF Approval Thesis As published by analysts James Seyffart and Eric Balcunas to Bloomberg Terminal, a flurry...

Fitch Ratings – one of the world’s “Big Three” credit rating agencies – has removed the United States from its position among the very highest tier of long-term lending counterparties. The nation’s Long-Term Foreign-Currency Issuer Default Rating (IDR) slid from AAA to AA+ on Tuesday, prompting criticisms against Fitch from both the U.S. Treasury Department and the White House. Why The Downgrade? According to Fitch, the downgrade reflects expectations of “fiscal...

[Press Release – London, United Kingdom, August 2nd, 2023] The cryptocurrency landscape is about to be shaken up by the release of Satoshi Coin, a new cryptocurrency that has a number of unique features. Satoshi Coin offers a novel approach to mining and staking through its Proof of Computing Power (PoCP) algorithm. The presale for Satoshi Coin is currently underway. It will run from August 2 until all available coins have been purchased. An Ethereum-based token, Satoshi Coin...

James Wharton – a former campaign manager to Boris Johnson that’s now leading an education quango – is being questioned over his alleged ties to a crypto lobbying firm. James Wharton Criticized for Ties to Crypto Wharton presently leads an organization known as the Office for Students (OFS). However, he’s also launched a new public affairs company designed to help clients “navigate the complexities” of Westminster. He also provides legal counseling on regulated...

Cohen & Gresser – an international law firm representing the former CEO of FTX Sam Bankman-Fried (SBF) – maintained that he did not attempt to intimidate Caroline Ellison (ex-leader of Alameda Research) or taint the jury’s sentiment when talking to a New York Times reporter. The 31-year-old, who faces several fraud charges and is accused of being the main culprit behind the collapse of the once-leading crypto exchange, shared quoted excerpts of Ellison’s private diary,...