PayPal has partnered with Xoom to advance cross-border stablecoin payments using its digital currency, PayPal USD (PYUSD). This move aims to strengthen PayPal’s presence in Asian and African markets, enabling smoother transactions outside conventional banking hours. PYUSD’s Journey in the...

A California federal judge has rejected crypto exchange Kraken’s request to challenge an earlier decision permitting the U.S. Securities and Exchange Commission (SEC) to proceed with its lawsuit. The SEC alleges Kraken engaged in the sale of unregistered securities. Court...

Wyoming Senator Cynthia Lummis suggested that the United States Treasury convert part of its gold holdings into Bitcoin to create a strategic reserve. Challenges to Establishing a Bitcoin Reserve According to Bloomberg, Lummis proposed leveraging gold certificates for Bitcoin purchases,...

Bill Ackman’s Pershing Square upped its stake in Nike (NYSE: NKE) in Q3 as the stock plummeted. Ackman started building a stake in the sneaker giant in Q2 and raised his stake to over $1.4 billion at the end of...

Crypto exchange-traded funds (ETFs) in the United States experienced their first net outflows since the recent election, marking a notable shift in market trends. According to data from Farside Investors, spot Bitcoin ETFs recorded a net outflow of $400.7 million...

Three Arrows Capital (3AC), a bankrupt crypto hedge fund, is attempting to amend its claim against defunct cryptocurrency exchange FTX, increasing the amount from $120 million to a staggering $1.5 billion. Three Arrows Capital’s New $1.5 Billion Claim Against FTX...

Daren Li, a 41-year-old dual Chinese citizen, has pleaded guilty to his involvement in a large-scale crypto laundering operation tied to a $73 million fraud scheme. Li admitted to a single count of conspiracy to commit money laundering, a charge...

On November 11, Nano Labs, a leading Chinese crypto mining-chip maker based in Huangzhou, announced it will start accepting Bitcoin payments for its products and services. The Nasdaq-listed company introduced the new payment option via Coinbase as part of its...

Tesla stock (NYSE: TSLA) has risen almost 50% since the US elections and is trading at the highest level in nearly two years. While the rally is a welcome break for investors who were long TSLA, as the stock was...

Following the recent U.S. elections, the New York Digital Investment Group (NYDIG) has emphasized the rising importance of Bitcoin ownership. NYDIG’s global head of research, Greg Cipolaro, warned in a November 11 article that it’s increasingly risky for investors to...