Stablecoin volume outpaces Mastercard, PayPal as digital payments wars loom

Fiat-backed stablecoins have eclipsed Mastercard and PayPal in moving more value across their networks in 2022, according to a Bloomberg Intelligence note on Aug. 25. According to Bloomberg Intelligence crypto market analyst... Read more »

Bitcoin’s most active supply hits 8-year low

Bitcoin’s supply last active less than a month ago has plummeted to an 8-year low. This often overlooked metric provides essential insights into the market’s current dynamics and is useful when analyzing... Read more »

Bitcoin profitable on 86% of days, yet just 61% of holders are in profit

Since August 2010, there have been only 677 days in which you could have bought Bitcoin and currently be at a loss, with 86% of days where ‘holding Bitcoin has been profitable... Read more »

Reserve Bank of Australia issues report on CBDC use cases

On August 23, the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC) unveiled their findings in a report detailing the implications of a central bank digital currency... Read more »

FBI warns crypto firms of North Korea move to cash out $40M in stolen Bitcoin

The U.S. Federal Bureau of Investigation (FBI) warned crypto companies that North Korea may soon attempt to cash out some of its illegally acquired Bitcoin worth more than $40 million. In an... Read more »

Bitcoin dips but options market holds steady

Last week, the crypto market experienced a massive sell-off that sent Bitcoin’s price down to as low as $25,000. The sharp market movement ended several months of unprecedented calmness in the crypto... Read more »

Rising stock of regulated crypto companies as OANDA acquires Coinpass

Trading platform OANDA has announced the acquisition of a majority stake in Coinpass Limited, a United Kingdom-based crypto asset firm registered with the Financial Conduct Authority (FCA). The acquisition, which integrates a... Read more »

Federal judge rules art generated purely by AI cannot be copyrighted

According to a federal judge’s ruling on Aug. 18, art and media generated purely by artificial intelligence (AI) do not fall under copyright protection The ruling concerns Stephen Thaler, who attempted to... Read more »

HashKey exchange set to debut retail crypto trading services in Hong Kong on Aug. 28

Hong Kong’s first licensed retail virtual asset exchange, HashKey, is geared to commence operations on Aug. 28 during a live launch event, marking a significant milestone. This launch brings to the fore... Read more »

Celsius set to vote on asset sale plan after court approves disclosures

Celsius Network is set to vote on its plan to offload assets to the Fahrenheit consortium after securing court approval for its disclosure statement and voting plan on Aug. 17. The court... Read more »