Day: August 16, 2023

Stellar buys a minority stake in MoneyGram

The Stellar Development Foundation acquires a minority stake in major remittances platform MoneyGram. The Stellar Development Foundation (SDF) — the organization behind the Lumens (XLM) blockchain — announced on Aug. 15 that it is acquiring a minority stake in major remittances platform MoneyGram. In a recent tweet, SDF CEO and Executive Director Denelle Dixon described the decision behind the investment as “an easy one” and explained that the funds come from the firm’s treasury. The decision to invest in @MoneyGram was an easy one. After years of getting to know the…

Best-Selling Author Touts Buy XRP Now, But This Price Is Crucial

Linda P. Jones has identified a life-changing buying opportunity for XRP, urging investors to capitalize on this moment. Jones, known for her works, “3 Steps to Quantum Wealth: The Wealth Heiress’ Guide to Financial Freedom by Investing in Cryptocurrencies” and “You’re Already a Wealth Heiress, Now Think and Act Like One: 6 Practical Steps to Make It a Reality Now!” took to Twitter today, sharing her bullish perspective on several cryptocurrency assets. She fervently states, “Gave a wake up call to VIP Experience members today: If you’re not investing in…

Spot Bitcoin ETF approved, but not in the US

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In the latest episode of Cointelegraph’s The Market Report, analyst Marcel Pechman discusses the first spot Bitcoin exchange-traded fund (ETF) approved in the European Union, which went live on the Euronext Amsterdam exchange on Aug. 15. Despite the seemingly unconventional choice of the Guernsey regulator for its constitution, the fund’s listing on Euronext suggests a strategic maneuver, though its meager 1 million euro launch and unfamiliar management casts a shadow over its appeal. Moving on, Pechman shifts focus to the United States Bitcoin ETF landscape, where the Securities and Exchange Commission (SEC)…

SEI Token Breaks Into Top 100 One Day Post-Debut On Major Exchanges

SEI, the native token of the Sei blockchain, appears to be gaining massive traction a day after its debut on multiple major exchanges. On Tuesday, August 15, Binance, Bybit, Bitget, Kucoin, and Kucoin jointly listed the token on their trading platforms. On the same day, Sei Labs, the company behind the network, announced the launch of the beta mainnet phase after a successful alpha phase. According to the developers, more than 7.5 million unique wallets and 400 million transactions were registered during the testnet phase. The Sei Mainnet beta, Pacific-1,…

Factors Point Toward A Significant Decline

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Dogecoin (DOGE) has recently witnessed a gradual decline in both its price and Open Interest over the past three days. These developments have raised concerns of a bearish sentiment in the futures market. In a trend that has been unfolding over the last three days, Dogecoin’s price has experienced a steady descent, accompanied by a decrease in Open Interest. Open Interest refers to the total number of active contracts in the futures market. Its decline is often indicative of waning enthusiasm among traders and investors, suggesting a prevailing bearish sentiment.…

PayPal UK to halt Bitcoin purchases until early 2024

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Cryptocurrency-friendly payments platform PayPal is making some crypto adjustments on its platform in the United Kingdom to comply with local financial regulations. PayPal is temporarily pausing the ability for its U.K. customers to buy cryptocurrencies like Bitcoin (BTC) as it works to comply with new regulations, the firm told Cointelegraph on Aug. 16. “PayPal customers who currently hold crypto can keep it on our platform at no charge and are also able to sell their currency at any time,” a spokesperson for PayPal UK noted. In an email to select…

The Bipartisan Financial Innovation and Technology for the 21st Century Act (FIT Act) Is Landmark Crypto Regulation

However, as of late, the reaction from many in Congress has been one of increasing awareness and acknowledgment that the digital asset industry cannot simply be wished away. As cryptocurrencies and blockchain technology continue to gain traction and pose a practical and philosophical challenge to traditional financial systems, it becomes even more essential for regulators to craft intelligent, forward-thinking rules that foster innovation while ensuring consumer protection and financial stability. Source