Breaking: Paypal launches PYUSD stablecoin for payment
American financial technology company PayPal launched a new crypto stablecoin called PayPal USD (PYUSD) â issued by Paxos Trust Co. and fully backed by United States dollar deposits, short-term Treasuries and similar cash equivalents.
Cryptocurrency trading activity via Telegram bots has surged in recent weeks, according to new research from Binance. PayPal launched a new US dollar-backed stablecoin called PayPal USD (PYUSD) â issued by Paxos Trust Co. Meanwhile, MakerDAO's new crypto lending platform Spark Protocol has garnered the ire of crypto privacy adv after blocking VPN users from accessing its website
Telegram bots are leaving a dent on the cryptocurrency market, with daily trade volumes from these software applications hitting a record high in recent weeks.
The cumulative trade volumes of crypto trading bots has reached $190 million as of early August, according to new research from Binance. The single-day record for crypto trading volumes emanaging from chatbots was $10 million on July 23. According to Binance, user activity also reched a record in July, with more than 6,000 daily unique users. Total chatbot revenues on Telegram have reached 15,500 Ether
ETH
$1,831
, or roughly $28 million, according to report author Jie Xuan Chua.
By offering users a relatively seamless way to execute transactions, bots have the potential to carve out their own niche in the crypto ecosystem,â Chua wrote, adding that Telegram bots already offer a range of services to crypto users, including trading, airdrop farming and automated token operations.
New has broke that Cryptocurrency trading activity via Telegram bots has surged in recent weeks, according to new research from Binance. PayPal launched a new US dollar-backed stablecoin called PayPal USD (PYUSD) â issued by Paxos Trust Co. Meanwhile, MakerDAO's new crypto lending platform Spark Protocol has garnered the ire of crypto privacy adv after blocking VPN users from accessing its website.
The cumulative trade volumes of crypto trading bots has reached $190 million as of early August, according to new research from Binance. The single-day record for crypto trading volumes emanaging from chatbots was $10 million on July 23.Binance, user activity also reched a record in July, with more than 6,000 daily unique users. Total chatbot revenues on Telegram have reached 15,500 Ether ETH
Denmark's Financial Watchdog Orders Saxo Bank to Shed Its Crypto Holdings
The Danish Financial Supervisory Authority's explained that it isn't legal for banks to conduct such activity as ancillary bank business for reasons of financial stability under current regulations
The Danish Financial Supervisory Authority's (FSA) explained that it isn't legal for banks to conduct such activity as ancillary bank business for reasons of financial stability under current regulations
The financial watchdog said
that since the European Union's crypto regulation, known as markets for cryptoassets regulation (MiCA), only comes into effect from 30 December 2024, the activity is unregulated for the time being.
"Unregulated trading in crypto-assets can create distrust in the financial system, and the Danish FSA considers that it would be unfounded to legitimize trading in crypto-assets
Denmark's Financial Watchdog Orders Saxo Bank to Shed Its Crypto Holdings
The Danish Financial Supervisory Authority's explained that it isn't legal for banks to conduct such activity as ancillary bank business for reasons of financial stability under current regulations
The Danish Financial Supervisory Authority's (FSA) explained that it isn't legal for banks to conduct such activity as ancillary bank business for reasons of financial stability under current regulations
The financial watchdog said
that since the European Union's crypto regulation, known as markets for cryptoassets regulation (MiCA), only comes into effect from 30 December 2024, the activity is unregulated for the time being.
"Unregulated trading in crypto-assets can create distrust in the financial system, and the Danish FSA considers that it would be unfounded to legitimize trading in crypto-assets
After This years fiasco in the uk markets being regulated and shut down for trading, what happens next for the uk market. Will this affect the future markets of Bitcoin , ETH and other crypto currency? Let me know xx Oioi xx
Do you think we will see another marker crash in 2023. Markets are still not settled and still volatile at times. Markets are being more regulated across Europe and the uk. Not allowing trade. Is this going to impact the market in the future
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