Tag: Markets

PayPal’s stablecoin ripple effect on markets

PayPal’s introduction of its native stablecoin, PayPal USD (PYUSD), has sparked heated debates within the crypto industry regarding its possible sway on payments and wider crypto adoption. While this step seems to be a big jump toward accepting cryptocurrencies in regular finance, some industry observers advise caution. They underline the hurdles and limitations that could slow down broader adoption. What is PYUSD? This initiative aims to bridge the fiat and digital currency realms for consumers, merchants and developers. PayPal CEO Dan Schulman highlighted the need for a stable digital-fiat conduit.…

Envision partners with HBAR and UN on new digitization platform for carbon markets

boss

The 2023 United Nations Climate Change Conference, also known as COP28, saw several new initiatives aimed at innovating the fight against climate change and streamlining the complex carbon credit markets. Among a sea of announcements and partnerships, Envision Blockchain, in collaboration with HBAR Foundation and Swirlds Labs, announced a new open-source Managed Guardian Service platform focused on a digitized and digital measurement, reporting and verification (dMRV) system for carbon markets. The dMRV system was developed in collaboration with the UN Climate Change Global Innovation Hub (GIH) and built on the…

Crypto-based AI markets, and AI financial analysis – Cointelegraph Magazine

We’re rolling out genuine use cases for AI and crypto each day this week — including reasons why you shouldn’t necessarily believe the hype. Today get two for the price of one: Blockchain based AI marketplaces, and financial analysis. It may not seem like the most exciting use case blending AI and crypto, but both Near co-founder Illia Polosukhin and Framework Ventures founder Vance Spencer cite blockchain-based marketplaces that source data and compute for AI as their top pick. AI is an incredibly fast-growing industry requiring ever-increasing amounts of computing…

Crypto markets remain steady despite Binance-DOJ settlement

The crypto market, led by Bitcoin and Ether, has shown resilience following the U.S. Department of Justice’s $4.3 billion settlement with Binance, amidst varied reactions across different crypto assets and exchanges. In a Nov. 27 development, the cryptocurrency market has shown resilience despite the U.S. Department of Justice’s (DOJ) settlement with Binance, one of the world’s leading crypto exchanges. The settlement, addressing allegations of money laundering, fraud, and sanctions violations, concluded with Binance agreeing to a $4.3 billion fine – a record in corporate settlements in the U.S. K33 Research…

Crypto markets mixed as traders digest DOJ action against Binance, CZ

boss

Crypto markets were subjected to a heavy dose of volatility on Nov. 21 as the United States Department of Justice (DOJ), Commodity Futures Trading Commission (CFTC) and U.S. Treasury announced a $4.3-billion settlement with Binance and that former Binance CEO Changpeng Zhao will plead guilty to one felony charge as part of a settlement over criminal and civil cases with the cryptocurrency exchange.  United States Attorney General Merrick Garland announced that the DOJ reached a $4.3 billion resolution with Binance and CZ. The agreement required CZ to plead guilty to…

dYdX raises margin requirements in some markets, bans “highly profitable trades”

boss

Decentralized crypto exchange dYdX has disclosed new measures to mitigate trading-related risks after burning $9 million of its insurance fund on Nov. 17 to cover users’ losses. According to an announcement on X (formerly Twitter), the exchange increased margin requirements on several “less liquid markets,” affecting tokens such as Eos (EOS), 0x Protocol (ZRX), Aave (AAVE), Algorand (ALGO), Internet Computer (ICP), Monero (XRM), Tezos (XTZ), Zcash (ZEC), SushiSwap (SUSHI), THORChain (RUNE), Synthetix (SNX), Enjin (ENJ), 1inch Network (1INCH), Celo (CELO), Yearn.finance (YFI), and Uma (UMA). dYdX triggered its insurance fund…

Tether credits USDT growth surge to ETF excitement, emerging markets

boss

Tether (USDT), the largest stablecoin by market value, has been breaking new records throughout 2023, with its market capitalization adding at least $20 billion so far this year. According to data from the blockchain data provider Whale Alert, Tether has minted 22.75 billion USDT so far this year, with at least 4 billion USDT being issued in the past four weeks. After starting the year with a market cap of roughly $66 billion, Tether USDT has been steadily gaining momentum, with its market value surpassing $80 billion in April 2023.…

LATAM fiat ramp partners with Finery Markets to launch institutional OTC desk

Transfero, a major fiat onramp provider in Latin America, has partnered with the cryptocurrency trading technology company Finery Markets to launch an institutional over-the-counter (OTC) cryptocurrency trading desk, Finery Markets announced Friday. Per an announcement shared with crypto.news, the partnership will allow Transfero — which operates the Brazilian Real and Argentine Peso-pegged stablecoins BRZ and ARZ — to employ Finery Markets’ trading software FM Liquidity Match. This will give Transfero access to global OTC liquidity sources and automated trade execution to facilitate large-scale cryptocurrency trades for institutional clients. OTC cryptocurrency…