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PayPal Allows US Users to Sell Cryptocurrencies Through MetaMask Wallet

PayPal continues to expand its digital asset services, integrating new methods of selling cryptocurrencies like Bitcoin. Global payments giant PayPal continues to expand its digital asset services by integrating new methods of selling cryptocurrencies like Bitcoin (BTC). On September 11, PayPal officially introduced new on- and off-ramps for Web3 payments, allowing US users to convert…

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Tether, Issuer of USDT, Reports 30% Drop in Profits

USDT stablecoin issuer Tether released its Q2 2023 certification report on July 31, and according to the report, Tether posted an “operating profit” of $1 billion in the second quarter, down of approximately 30 times.% of first-quarter earnings of $1.48 billion. While its $1 billion “operating income” is down from Q1, there is a 30%…

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Ripple completes 5 years of global XRPL research program

Cryptocurrency Market News: The Ripple University Blockchain Research Initiative (UBRI) was launched about five years ago to support academic research, technical development and innovation in blockchain and crypto. Consequently, UBRI has made a US$50 million philanthropic commitment to the world’s leading universities. As part of the Initiative, participants who conduct research on the XRP Ledger…

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Gaining speed on tokenization is vital for the UK’s financial future, warns a banking group

UK Finance says it’s not too late for the UK to catch up with other jurisdictions’ quicker start to tokenizing securities, and it better do so if it wants to remain a global financial leader. Advocacy group UK Finance is urging the British government to encourage the tokenization of securities. The market is small now,…

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Cryptocurrency exchanges witness first surge in trading volume in three months

In June, spot trading volume on centralized crypto exchanges rose more than 16% to $575 billion. This increase represents the first increase in three months, according to a review by CCData. This increase in trading activity on the spot markets is related to increased activity by regulatory institutions and bodies. The report said: However, this…

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Ripple will help the Central Bank of Colombia explore CBDC use cases

Blockchain payment company Ripple Labs Inc has signed a strategic partnership agreement with the Central Bank of the Republic of Colombia and together they intend to explore use cases of blockchain technology with Central Bank Digital Currency (CBDC). In particular, the association involves the Ministry of Information and Communication Technologies (MinTIC) and a company specializing…

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Coinbase Insiders, Including the CEO, Used Insider Trading to Avoid $1 Billion Losses

A Coinbase insider recently filed a new lawsuit naming Coinbase (NASDAQ:COIN) insiders, including chairman and CEO Brian Armstrong, for using insider trading to avoid losses of $1 billion during the public listing of the shares two years ago. . The investor filed the complaint on Monday, May 1, in the Delaware Chancery Court. Furthermore, the…

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Argentina’s Central Bank to issue a new 2,000 peso note as inflation continues to rise

The Central Bank of Argentina has announced the issuance of a new 2,000 peso note, with the aim of alleviating the burden of using cash for payments in the country. The bill, which will be worth just over $5 USD blue (the informal exchange rate), is already being criticized as an insufficient measure. Central Bank…

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Bitcoin strike-based payment app announces expansion in Philippines

Bitcoin Strike-based financial app and payment network announced that they are expanding their money transfer services with Bitcoin Lightning Network to the Philippines. The ad sees Strike making its foray into one of the biggest remittance markets in the world, valued at a staggering $35 million. Expansion to the Philippines Digital payments company Strike has…