PayPal’s PYUSD stablecoin hits $1B market cap
PYUSD is competing with rivals such as Circle’s USDC and Tether’s USDT.
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Derivatives data suggests that Bitcoin’s $39K bounce was a mere blip
Bitcoin (BTC) bulls are probably quite disappointed with how the start of 2022 has shaped up, especially since the cryptocurrency plunged over 20% in the first 25 days of the year. Even more shocking is the fact that the supposed $32,930 bottom on Jan. 21 was the lowest level BTC price had seen in 6…

Exchange CEO Explains Bitcoin Exploring Uncorrelated Price Action
Bitcoin’s price initially dumped alongside the mainstream markets, but now looks to be exploring its own route. “When the stock markets crashed, Bitcoin crashed,” AAX crypto exchange CEO Thor Chan told Cointelegraph. “It appeared that they were correlated,” he posited, adding:“However, the previous plunge of Bitcoin together with traditional financial markets is due to a liquidity…

Trump’s Former Pro-Bitcoin Chief of Staff Now Runs a Hedge Fund
Former Trump administration chief of staff Mick Mulvaney, who is known for his positive stance on Bitcoin, is launching a hedge fund. Former White House chief of staff under U.S. President Donald Trump Mick Mulvaney is running a hedge fund. Since 2014 Mulvaney has been recognized as a pro-Bitcoin (BTC) official, encouraging practical regulation of…

Bitcoin education center launches in El Salvador to boost adoption
90% of El Salvadorans described their knowledge of Bitcoin as poor or non-existent last year despite BTC becoming legal tender. 289 Total views 7 Total shares Major peer-to-peer (P2P) Bitcoin (BTC) platform Paxful is working to help Salvadorans better use BTC as the cryptocurrency became legal tender in El Salvador last year.Paxful on Wednesday announced…

Bitcoin price falls under $21K as traders send 84K BTC to exchanges
Volatility claims many a late long position with BTC price action failing to preserve support from recent days. 86 Total views 16 Total shares Bitcoin (BTC) fell further after the Sep. 13 Wall Street open as the dust settled on unexpectedly high United States inflation.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price eyes 9% daily…

US Bitcoin ATM operator reports data breach of 58K customers
Byte Federal, the operator of 1,300 Bitcoin ATMs in the US, has urged its customers to reset login credentials following a massive data breach.

Are decentralized digital identities the future or just a niche use case?
As users take advantage of online services and explore the internet, they eventually create a digital identity. This type of identity is then tied to central entities like Google and Facebook, which make it easier to share data with new services through simple sign-in buttons.While these digital identity management systems are convenient, they are relying…

Changpeng Zhao’s tweet ‘contributed’ to collapse of FTX, claims Caroline Ellison
The former Alameda Research CEO placed part of the blame for FTX’s failure on CZ, while the Binance CEO claimed Ellison’s offer to buy the firm’s FTT holdings was the cause. 312 Total views 2 Total shares According to former Alameda Research CEO Caroline Ellison, a single tweet from Binance CEO Changpeng “CZ” Zhao contributed