Markets

PayPal announced that it will temporarily suspend crypto purchases on its platform for its U.K. based users beginning in October. The move comes in response to evolving regulatory guidelines provided by the Financial Conduct Authority (FCA) – Britain’s chief market regulator. PayPal Pauses Crypto Buys Per an email received by certain U.K. users on Wednesday, the suspension will take effect on October 1, and is expected to last until early 2024. “Your crypto remains safe,”...

The cryptocurrency industry had a number of noteworthy events in the first half of 2023, reaffirming its status as a top global risk asset. Investors sought solutions to handle the highly unpredictable market and secure larger returns in the face of the hurdles offered by significant market changes. As a result, many people began trading high-leverage contracts, exposing themselves to potential liquidation and trading failures owing to a lack of experience and...

Matrix Port – a provider of crypto and blockchain services – is confident that in a year and a half from now (at the end of 2024), the price of bitcoin will rise to a whopping $125,000. Matrix Port: Bitcoin Is Going to Rise, Rise, Rise The company is basing its hypothesis on historical data, which includes former bullish trends and significant increases in market value. Matrix Port believes that these little points will repeat themselves and ultimately bring the...

[PRESS RELEASE – San Francisco, USA, August 16th, 2023] Linera reaches a total of $12M in seed funding. The new round of funding was led by Borderless Capital with contributions from a16z crypto, Laser Digital Ventures, Matrixport, Flow Traders, GSR Markets, and more Linera, the first blockchain network scalable via microchains, has successfully closed an additional $6M round, led by Borderless Capital. Founded by Mathieu Baudet, former Meta researcher on the Novi digital...

Michael Burry, one of the Tradfi banking industry’s most notorious bears, just put a $1.6 billion hit out on the U.S. stock market. What happens to bitcoin while the grownups are fighting? The Scion Capital founder, who famously shorted mortgage-backed securities before the 2007 housing crisis, just gave the stock market a $1.6 billion shove of puts in SPY and QQQ! Michael Burry Bets $1.6B on Stock Market Crash Steve Anderson writes at TipRanks: “Michael Burry made a name for...

Could the new BlackRock bitcoin-based exchange-traded fund (ETF) application help pave the way for a Coinbase and SEC settlement or relationship? According to some analysts, the answer is “yes.” Coinbase Could Be Successful Coinbase was recently listed as a custody provider in the application submitted by BlackRock. This, according to several industry experts, is a huge vote of confidence for the firm given Coinbase is currently under the scrutiny of the SEC,...

CoinspeakerCoinbase Secures Regulatory Approval for US Crypto Futures Trading  With the approval, Coinbase has become the first native crypto company to provide both derivatives and spot trading services directly to customers.  Coinbase Secures Regulatory Approval for US Crypto Futures Trading 

CoinspeakerDutch Economy Enters Recession amid Consecutive Contractions The Dutch economy, once a beacon of robust growth and stability, has hit a rough patch as it enters a recession following two consecutive quarters of contraction. Dutch Economy Enters Recession amid Consecutive Contractions

CoinspeakerA Political Initiative from Coinbase Features US Lawmaker with Ethics Violation Rep. David Schweikert, listed as a lawmaker with "very supportive" views on crypto in the United States, reached a settlement requiring him to pay $175,000 in connection to breaches of House ethics regulations. A Political Initiative from Coinbase Features US Lawmaker with Ethics Violation

CoinspeakerUK Inflation Sees Sharp Drop in July as Core and Services Show Mixed Trends While the easing of headline inflation is welcome news for consumers, experts are paying closer attention to the underlying trends.  UK Inflation Sees Sharp Drop in July as Core and Services Show Mixed Trends