In a recent development, PayPal has been registered by the Financial Conduct Authority (FCA) to offer crypto-asset activities in Great Britain. This move comes as PayPal establishes a post-Brexit base in the UK, reflecting its commitment to serving the UK market. According to a Reuters report, the UK crypto market is awaiting its first set…
Report from the Bank of Spain: The majority of Spaniards do not want the digital euro, 65% would not use itA recent report issued by the Bank of Spain that questions how Spaniards use money for payments revealed the low level of trust they have in a hypothetical digital euro. 65% of citizens surveyed stated…
In a strategic move that solidifies its presence in the cryptocurrency sector, Thailand’s Kasikorn Bank has announced the acquisition of a 97% stake in Satang Corporation Company Limited, the parent company of the Satang cryptocurrency exchange. The deal, valued at 3,705 million Thai baht ($102.8 million), was carried out through a newly formed subsidiary of…
The richest man in the world, Elon Musk, again discussed his plans to transform X (formerly Twitter) into a full-fledged financial platform, setting a timeline until the end of 2024 to achieve this goal. This has led many in the crypto community, specifically the DOGE community, to speculate about what this move could mean for…
Kraken will suspend all transactions related to USDT, DAI, WBTC, WETH and WAXL in Canada in November and December, according to multiple customer emails shared with Cointelegraph. In response to a request for comment from Cointelegraph, a Kraken spokesperson said, via email, “we constantly monitor the assets on our platform to ensure we meet the…
The world’s largest cryptocurrency exchange by volume is launching futures trading for an Ethereum-based altcoin (ETH) that is up more than 50% in a week. In a new announcement, cryptocurrency exchange Binance says it will launch futures contracts with up to 50x leverage for Powerledger (POWR), a decentralized energy marketplace built on ETH that democratizes…
On Wednesday, bitcoin mining rig manufacturer Bitmain announced the launch of a new air-cooled BTC miner, the T21 Antminer. The new device has a production capacity of up to 190 terahash per second (TH/s) and maintains an efficiency rate of approximately 19 joules per terahash (J/T). Bitmain presents Antminer T21 Following the recent reveal of…
As of October 22, 2023, there are 79,839 individual wallets containing WBTC, a token pegged 1:1 to Bitcoin (BTC). WBTC tokens in circulation total 163,006, valuing the project at $4.88 billion. Since December 17, 2022, there has been a 12.31% reduction in the circulating supply of WBTC, from 185,909 WBTC to the current 163,006 WBTC….
Bitcoin (BTC) price has retested the $30,000 price level following its sustained resurgence the previous week. Bitcoin is trading at a market capitalization of $30,135, up 1.47% at the time of writing. This growth highlights the performance of the main currency in the following week period, in which it jumped 11.91%. Bitcoin dominance hits 3-year…
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