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PayPal is adding support for a permissionless version of its PYUSD stablecoin on Tron, Avalanche and several other blockchains via LayerZero and its Stargate Hydra bridge. Payments giant PayPal is expanding its PayPal USD stablecoin across eight new blockchains, seven of which are through an integration with LayerZero’s Stargate Hydra bridge. The integration will create…
Bitcoin and Ether look poised to hit new highs soon. Which altcoins could follow? Key points: Bitcoin bulls are chasing after BTC’s $123,218 all-time high as buying pressure surges. Ether has played catch-up to Bitcoin and is close to making a new all-time high. Read more If you liked the article, do not forget to…
Bitcoin is trying to start a recovery from $112,000, but bears may pose a substantial challenge at $117,000 and then at $120,000. Key points: Bitcoin is trying to take support near $112,000, but higher levels are likely to attract selling by the bears. The deep pullback in several altcoins suggests the next leg of the…
During their bull runs, XLM and XRP often move in sync, with a high correlation coefficient typically topping 0.70. Will history repeat for Stellar? Key takeaways: XLM eyes a 35% breakout toward $0.63 as it tests an ascending triangle resistance. A strong historical correlation with XRP suggests that XLM could continue rallying. Read more If…
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” Stellar partners with UNHCR to give Ukrainian refugees cash via USDC “ Humanitarian groups have increasingly used blockchain technology to solve problems with lack of banking or inadequate identity verification in developing or war-torn nations. Two new projects have been announced in December, including one that provides cash aid to Ukrainian refugees through the…
” Crypto Biz: $470B bank enters crypto — Probably nothing, right? “ As crypto traders debate whether Bitcoin (BTC) is going to $25,000 or $15,000 first, the world’s largest financial institutions are laying the groundwork for mass adoption. The proverbial floodgates are unlikely to open before the United States provides a clear regulatory framework for…
” Top 5 cryptocurrencies to watch this week: BTC, UNI, XLM, THETA, HNT “ The United States equities markets witnessed a sharp comeback last week, led by the Nasdaq Composite which gained 7.5%. The S&P was up about 6.5% for the week while the Dow Jones Industrial Average managed a gain of 5.4%. Continuing its…
” Crypto influencers allegedly weaponize conspiracies to fleece QAnon followers “ Two QAnon-affiliated conspiracy theorist influencers allegedly caused their followers millions of dollars in losses by running a cryptocurrency pump-and-dump scheme. The pair reportedly persuaded their thousands of followers to invest in a portfolio of cryptos, presenting a misleading mix of conspiratorial and genuine content…
” MoneyGram’s USDC transfer service launches in several countries “ Cross-border transfer service MoneyGram officially launched its stablecoin-powered payment channel on Friday, giving users the ability to send USD Coin (USDC) payments worldwide that can be withdrawn as cash by recipients. The service is being rolled out across several key remittance markets, including Canada, the…