House Financial Services Committee chair renews call for stablecoin legislation after PayPal’s PYUSD announcement.

Representative Patrick McHenry, (R-NC), chair of the  U. S. House Financial Services Committee Chairman, endorsed PayPal’s recently-announced stablecoin on Aug. 7. McHenry said in a statement: “[PayPal’s] announcement is a clear signal that stablecoins—if issued under a clear regulatory framework—hold promise as a pillar of our 21st century payments system. origin »

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Bitcoin turns green as large whales make moves.

Bitcoin (BTC) has witnessed high volatility over the past month, but with the current whale movements, the flagship cryptocurrency gained a bullish moment. According to data from Santiment, Bitcoin whale transactions, consisting of at least $1 million worth of BTC,… origin »

PayPal USD Debut: Why Its New Stablecoin Is Triggering Apprehension.

PayPal has concluded an extended period of careful consideration, advancement, and setbacks to unveil its newly established stablecoin tied to the US dollar. The stablecoin, called PayPal USD (PYUSD), facilitates users in engaging in activities such as “purchasing, vending, retaining, and transferring” the token using the payment processor’s interface. origin »

PeckShield Reports Shows That NFT Theft Fell 31% In July.

In a surprising turn of events, the NFT community seems to have gotten a reprieve from NFT thefts following a report by Peckshield which revealed that NFT thefts have dropped by 31% in July.  NFT Thefts on The Decline Non-fungible tokens (NFTs) have experienced notable declines this month, and according to a Twitter report released […] origin »

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Indian EOW exposed a $120m crypto Ponzi scheme.

The Indian Economic Offenses Wing (EOW) revealed a crypto-related Ponzi scheme exploiting over 200,000 individuals across different states in India. According to a report by Asian News International (ANI), Solar Techno Alliance developed a digital asset on Binance Smart Chain… origin »

How Ethereum stands to gain from PayPal USD's launch.

Paypal launched its stablecoin as an ERC-20 token on the Ethereum network. Sentiment around Ethereum improved, but price movement remained the same. Recently, online payment leader PayPal foThe post How Ethereum stands to gain from PayPal USD's launch appeared first on AMBCrypto. origin »

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Litecoin Hashrate Nears ATH Despite Miner Rewards Being Halved.

Data shows the Litecoin mining hashrate is approaching a new all-time high, despite miners earning half the rewards since the halving. Litecoin Mining Hashrate Is Close To Setting A New All-Time High Like Bitcoin, Litecoin is a proof-of-work (PoW) network, meaning that chain validators called miners have to compete against each other using computing power […] origin »

Maker could be trading at $1000 soon, here's why.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Maker token showed short-term bearish presThe post Maker could be trading at $1000 soon, here's why appeared first on AMBCrypto. origin »

Why Low Volatility Bitcoin Could Last A Lot Longer.

Much has been said in recent weeks regarding how uncharacteristically calm Bitcoin has been. On weekly timeframes, volatility measures are at their lowest ever. Unfortunately, despite the record-setting lull, directionless sideways price action could continue for a lot longer. origin »

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