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PayPal, a fintech company, disclosed its cryptocurrency holdings in a recent quarterly report filed with the SEC. As of March 31, 2023, PayPal claimed a combined total of $943 million in cryptocurrency assets, a 56% increase from the previous quarter’s reported $604 million.  Bitcoin (BTC) and Ethereum (ETH) account for the lion’s share of the

The Binance NFT marketplace has announced that it will soon enable its users to purchase and trade Bitcoin ordinals, also known as Bitcoin NFTs, using their existing wallets. This development comes at a time when Bitcoin ordinals are gaining traction in the Web3 space, with more marketplaces accepting them as digital assets. Binance’s NFT marketplace

The rise of non-fungible tokens (NFTs) has brought about a new era of digital ownership and investment. However, as the NFT market continues to grow, it has also become a haven for fraudsters, with over half of the NFT activity on the Ethereum blockchain being fraudulent in 2022. To combat this issue, advanced market intelligence

Bitcoin (BTC) remained stable in April despite recent volatility, while memecoins such as PEPE garnered attention in the crypto market, overshadowing non-fungible tokens (NFTs). The US Securities and Exchange Commission (SEC) Chairman Jerome Powell recently stated that interest rates are unlikely to come down this year, but the market for risk-on assets like crypto has

Internet payment processor Stripe has launched a new fiat-to-crypto on-ramp service that aims to solve the “cold start problem” for Web3 companies. The problem refers to customers not having any cryptocurrency in their wallets to carry out transactions. The service will allow Web3 companies to offer US-based customers the ability to purchase crypto at the

The Argentine central bank has imposed a ban on payment providers offering cryptocurrency transactions, citing the need to reduce the country’s payment system exposure to digital assets. According to a statement from the monetary authority, payment providers may not offer or facilitate crypto services through their applications. The ban affects payment service providers that offer

The cryptocurrency market has experienced an unusual level of stability over the past two weeks, with a trading range of only 7.1%. This is due to a lack of risk appetite from investors who are waiting for more regulatory clarity, particularly in the United States. As a result, the total crypto market capitalization fell by

As the US banking crisis continues, the price of Bitcoin has risen to more than $29,000, forcing spot gold to reach new all-time highs. BTC/USD experienced a sudden change in mood, reaching $29,242 on Bitstamp after falling to daily lows on the previous day’s Wall Street opening due to market anticipation of the Federal Reserve’s

The Biden administration has revived its push for a 30% tax on cryptocurrency mining in an effort to reduce the industry’s impact on climate change. The proposed tax, known as the Digital Asset Mining Energy (DAME) tax, was first introduced in President Biden’s FY2024 budget on March 9th and seeks to impose a phased-in 30%

According to the recent data from European cryptocurrency investment firm CoinShares, digital asset investment products experienced outflows totalling $72 million last week, with the bearish sentiment being attributed to the anticipation of further interest rate hikes by the US Federal Reserve this week. The report notes that crypto market funds across all geographies and providers