Financial News

The account has made multiple posts promising a token giveaway and ushers users to a copycat website to connect their crypto wallet.

Layoffs continue apace after more than 136,000 employees were cut by major U.S. companies in the first quarter of 2023.

Ark Invest CEO Cathie Wood and Galaxy Digital CEO Mike Novogratz are both optimistic about the imminent approval of a spot bitcoin ETF.

The months of August and September haven't been the best for Bitcoin price historically, and with volatility at historic lows, traders may want to wait it out.

Hundreds of millions of dollars have been lost to scams and exploits in July alone.

Circle’s Programmable Wallets platform is available now for developers on Ethereum, Avalanche and Polygon, with plans to expand to other blockchain later this year.

The latest price moves in bitcoin (BTC) and crypto markets in context for August 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Ether (ETH), bnb (BNB) and cardano (ADA) were similarly little changed. Dogecoin (DOGE) and Avalanche blockchain’s avax (AVAX) fell 1.5% to lead losses among major tokens.

Albawaba- In this week's crypto highlights, PayPal unveils its PYUSD stablecoin backed by Paxos, BitOasis partners with VARA for compliance, and the UAE asserts its position as a significant BTC mining hub...

“The difference is significant because we have a prudential regulator,” said Paxos head of strategy Walter Hessert.

From PayPal's entry into the stablecoin market to regulatory challenges faced by Worldcoin in Kenya, the crypto world continues to be a blend of innovation and controversy.

Markets are already expecting the Fed to refrain from more rate hikes this year and have begun pricing in rate cuts in 2024.