Day: March 17, 2026

PayPal expands PYUSD stablecoin to users in 70 countries

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PayPal is rolling out its PYUSD stablecoin in 68 additional countries beyond the US and UK, aiming to reduce cross-border fees and offer rewards on holdings. Payments giant PayPal is expanding access to its US-dollar stablecoin, PayPal USD, adding 68 more markets globally in its latest stablecoin push. PayPal USD (PYUSD) will be made available to customers in 70 countries worldwide in March, allowing them to receive, hold and send the stablecoin, the company announced Tuesday. With the expansion, PYUSD is now available to users with PayPal accounts across multiple…

Citigroup Reduces Bitcoin and Ethereum Forecasts as ETF Inflows Slow in US

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Citigroup has lowered its 12-month price targets for bitcoin and ethereum, citing delays in U.S. crypto legislation, softer ETF inflows and weakening network activity. Bitcoin Range Trading Likely Near $70K, Citi Analysts Say The revised outlook, detailed in a March 16 client note by Citigroup Research strategist Alex Saunders, trims expectations while maintaining a view […] Original

Vietnam Plans Overseas Crypto Trading Ban Amid Domestic Exchange Rollout

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Vietnam is reportedly advancing plans to restrict its citizens from trading on overseas cryptocurrency platforms while accelerating a tightly controlled domestic licensing regime for digital asset exchanges. Vietnam Banks, Brokers Compete for Crypto Licenses as Ban Looms Reuters reported that the Ministry of Finance is drafting rules that would prohibit Vietnamese nationals from using foreign […] Source

Cango Reports $452M Net Loss Despite $688M Revenue in First Full Year of Bitcoin Mining

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Cango Inc.’s first full year as a bitcoin miner delivered $688.1 million in revenue but ended with a $452.8 million net loss, driven largely by non-cash charges tied to equipment impairments and bitcoin price-linked accounting adjustments. Cango Sells Bitcoin to Cut Debt, Pivots Toward AI Infrastructure in 2026 The New York-listed company (NYSE: CANG), which […] Original

Why Wall Street Only Trusts Bitcoin and Ethereum

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin just took another brutal correction, down 50%, and no, this isn’t the first time we’ve seen this movie. But something bigger is happening underneath the price action. Back in October when everything melted, Bitcoin got slaughtered and the rest of the market was wiped out, some coins down 80–90% and they never recovered. Why? Because institutions finally did the math and realized if you want 90% of the upside and volatility in crypto, you only need Bitcoin and Ethereum. Everything else…

Analyst Says Hyperliquid Isn’t A Buy Right Now: Here’s Why

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Michael Nadeau, founder of The DeFi Report, says he remains bullish on Hyperliquid over the long run, but argues the latest move in HYPE looks mistimed. In a post on X, he said the market is leaning too hard into the bullish narrative just as on-chain activity and positioning data begin to soften. Nadeau’s central point is not that Hyperliquid is broken. It is that the recent strength in HYPE may have outrun what the underlying data currently supports. “I’m a fan of both @Globalflows and HYPE, but think he’s…

Cari Taps ZKsync’s Prividium as US Banks’ Answer to Stablecoins

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Cari Network, a permissioned network for banks led by former United States Comptroller of the Currency Gene Ludwig, has chosen Matter Labs’ Prividium infrastructure to power a bank-governed tokenized deposit network for US regional and mid-sized lenders.  Built on ZKsync and anchored to Ethereum, the platform is designed to let participating banks issue and move tokenized deposits around the clock while keeping them on the balance sheet as bank liabilities, according to a Tuesday release shared with Cointelegraph. The move comes as lawmakers debate frameworks such as the Guiding and…

UK man accuses estranged wife of stealing 2,323 Bitcoin using hidden camera

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A UK resident has accused his estranged wife of stealing over 2,323 Bitcoin from a Trezor hardware wallet, allegedly using a security camera to capture his seed phrase and wallet access codes. Summary Ping Fai Yuen alleges 2,323 Bitcoin were taken from his hardware wallet after his wife and her sister obtained his seed phrase through covert surveillance. Funds were moved to 71 wallet addresses, with no activity recorded since December 2023 as police arrested the accused and seized related devices A UK High Court judge said the claimant has…

Trump Pressures Fed for Rate Cuts: BTC Faces March FOMC

Bitcoin (BTC) is trading near $73,900, consolidating below the psychological $75,000 threshold as the executive branch intensifies public pressure on the Federal Reserve. The catalyst is President Donald Trump’s demand for an immediate “special meeting” to slash interest rates, a political challenge to central bank independence that is forcing markets to reprice the probability of premature liquidity expansion ahead of the March FOMC. While the Federal Reserve has maintained a restrictive stance to combat sticky inflation, the President’s insistence that cuts occur “right now” introduces volatility into risk assets. Markets…