Day: September 12, 2023

PayPal Launches USD Off-Ramp Service Following Recent On-Ramp Partnership with Ledger

PayPal says that by launching the new service to USD on ramp, it hopes to simplify customer interactions with cryptocurrencies. Payments giant PayPal Holdings Inc (NASDAQ: PYPL) is expanding services offered as part of its expansion into the crypto sector. Following its launch of an on-ramp function that lets customers buy crypto, PayPal has launched an off-ramp service so that users can easily sell the crypto for USD. The company announced this in a news release published on Monday. The statement noted that PayPal is simplifying the functions of services like…

CFTC Commissioner Proposes Measures to Improve Investor Protection

Rather than backtracking trade activities after the fraud has occurred, the CFTC commissioner believes the focus should be on preventing them. A commissioner of the Commodity Futures Trading Commission (CFTC), Christy Goldsmith Romero has proposed several measures to improve investor protection. Romero made the proposal while speaking at the North American Securities Administrators Association’s annual meeting in California. According to the Federal Trade Commission, Americans reportedly lost about $3.8 billion in 2022 to investment scams. This suggests a greater need to protect investors. Romero emphasized the need for the government…

Report Reveals The Stablecoins That Have Suffered The Most De-Peg Events

boss

Amidst the constant price swings and uncertainties that plague the crypto market, stablecoins have become an invaluable asset for investors and traders. However, analysts have revealed several stablecoins that have been struggling to maintain the esteemed stability reserved for these types of assets. Stablecoins Under Pressure The inherent volatility of the crypto market and the persistent price fluctuations of cryptocurrencies are a constant experience in the crypto industry. Due to this, stablecoins like USDT, USDC, and DAI have long been revered as a reliable bridge between the volatility and instability…

FTX Holds $200M in Bahamas Real Estate and $1.16B Worth of Solana (SOL)

FTX’s asset portfolio currently exceeds $7 billion and includes various assets such as cash, brokerage investments, tokens, and real estate. In the latest disclosure, crypto exchange FTX released the presentation of the shareholder meeting taking place on September 11-12. This presentation provides an overview of the company’s current state as well as it is moving toward settlement. The shareholders will commence their day by reviewing the claims filed against the cryptocurrency exchange. These claims include over 2,300 from non-customers, including notable entities like Genesis, Celsius, and Voyager. The total value…

Stock Futures Reflect Mixed Sentiment after Positive Market Performance

As investors brace themselves for another week of market volatility and unsteady stock futures, all eyes are on the crucial economic data releases that could have a profound impact on the financial landscape. This morning marked a cautious start for investors as stock futures presented a mixed outlook following a positive day on Wall Street. Overview of the US Stock Futures Market As the US stock market opened, futures tied to the Dow Jones Industrial Average (INDEXDJX:.DJI) took a small hit, losing 12 points, which represented a nominal 0.03% drop.…

Luno to Temporarily Halt Investment for Some UK Users to Comply with New FCA Rules

The FCA announced in June that it would be classifying crypto as “restricted mass market investments”, which would require all crypto advertising and marketing media to contain clear warnings concerning the risks associated with crypto investments. Cryptocurrency exchange Luno will on 6 October temporarily halt some of its services in the UK, preventing some clients from making investments in crypto. In a statement for Coindesk, Luno’s Head of Public Policy, Nick Taylor explained that this was part of the Digital Currency Group subsidiary’s aim to bring its operations into compliance…

Privacy prevails and cypherpunks write code at Baltic Honeybadger

boss

Bitcoin’s spirit animal is the honey badger. Bitcoin evangelist turned Bitcoin Cash promoter Roger Ver first popularized the meme in 2013 when he paid $1,500 a month for a billboard in California to display “Bitcoin is the Honey Badger of Money.”  Since then, the honey badger has been an elusive beast, occasionally appearing in memes and tweets as well as at its annual hunt on the Baltic Coast of Europe. A Baltic Honeybadger sighting excites even the most hardcore Bitcoiners. Living on a diet of red meat and Latvian beer,…

Crypto Custodian Company Zodia Expands into Singapore

The company disclosed that its expansion into Singapore is not an isolated endeavor but a part of its broader global strategy. In a bid to cater to the surging demand for secure digital asset storage solutions in the Asia-Pacific region, Zodia Custody, a crypto storage provider and subsidiary of Standard Chartered Bank, has made its official entry into the market of Singapore, CNBC reported Tuesday. With this strategic move, the company has become the first bank-owned corporate entity to offer digital asset custody services to financial institutions in the country.…

UK Information Commissioner and NCSC CEO sign Memorandum of Understanding

The UK Information Commissioner, John Edwards, and the Chief Executive of the National Cyber Security Centre (NCSC), Lindy Cameron, have today signed a joint Memorandum of Understanding (MoU) that sets out how both organisations will cooperate. The MoU recognises that whilst both organisations have distinct responsibilities, there are opportunities to align work on some shared issues and deconflict on others. These include cooperation on the development of cyber security standards and guidance as well as influencing improvements in the cyber security of organisations regulated by the Information Commissioner’s Office (ICO).…

250% Rally Or All-Time Low?

boss

Shiba Inu (SHIB) is in a crucial make-or-break moment. Following a market-wide altcoin slump, SHIB’s price action is being shaped by two opposing chart patterns, both of which could have significant implications for the price’s future. A Tale Of Two Patterns For Shiba Inu The 1-week chart for SHIB reveals a tale of two patterns. On one hand, there’s the bullish triple bottom, suggesting a potential end to SHIB’s two-year downtrend. On the other, a descending triangle, which has been in the making for over 13 months, hints at a…