Last month, Paxos announced it adopted Chainlink’s PayPal USD (PYUSD) price feed, allowing users to view highly accurate, reliable and decentralized market data for PYUSD on the blockchain. The launch garnered wide interest, and recently Nick Robnett, Paxos’ Senior Director of Stablecoin Partnerships, spoke with William Reilly, Chainlink Labs’ Head of CeFi, in a live discussion. The dialogue focused on the benefits of PayPal USD (PYUSD), the deployment of Chainlink’s Price Feed for PYUSD and the impact stablecoins will have on the future of finance. Check out the highlights from the interview below. Stablecoins are the future of money movement…
Author: Web3 Daily Press Staff
Arman Shirinyan Thanks to recovering market, numerous assets might return in uptrends Read U.TODAY on Google News While the cryptocurrency market slowly exits the correction, BTC is showing a promising rebound, SHIB is struggling to recover and ADA is maintaining its overall uptrend. However, there is more to uncover.Bitcoin appears to be gathering strength for a climb back to the $70,000 mark. The price action recently dipped but found solid ground near the $55,850 level, where the 50-day EMA provided support. This zone is crucial as it has repeatedly acted as a reversal ground for upward movements in the past.Cardano/USDT…
Will the Bitcoin and Bitcoin Cash communities ever bury the hatchet? Adam Back, the CEO of Bitcoin company Blockstream and one of the earliest Bitcoin developers, today extended an olive branch to long-time rival Roger Ver, an early Bitcoin investor turned Bitcoin Cash (BCH) advocate. Back says it’s time for Ver to “be the prodigal son” and return to Bitcoin. Back’s invitation comes in response to Ver’s new book, “Hijacking Bitcoin: The Hidden History of BTC,” which claims that the original vision of Bitcoin has been corrupted. Roger Ver, once known as “Bitcoin Jesus” for his fervent promotion of the…
Despite a price correction taking place for a host of digital assets, Binance Coin (BNB) is set to reach a new all-time high this month. Indeed, the token issued by the Binance cryptocurrency exchange is closing in on its record high of $686, according to CoinGecko. The asset breached the $600 level on Saturday as it closed in on the mark. BNB, the third-largest coin by market cap, is up more than 66% over the last 30 days. Additionally, the cryptocurrency has enjoyed a surge of almost 22% over the last week alone. Currently, the asset is trading at $591.88…
The serial delay of the United States Securities and Exchange Commission (SEC) on spot Ethereum ETF has done little to deter Fidelity Investments as the firm just added the Staking option to its filing. Fidelity To Add Staking to Spot Ethereum ETF In November 2023, the American investment management firm applied to list its Ethereum spot ETF product with the SEC. This made it the 7th firm in the U.S. to gravitate towards the product after the likes of BlackRock, Hashdex, Invesco, and Grayscale Investments. The spot Ethereum ETF, if approved, will trade in compliance with the BZX Rule. Ordinarily, the…
Published 1 minute earlier on Financial giant Fidelity has amended its spot ether ETF application to include provisions for staking the cryptocurrency. “According to the Registration Statement, the Sponsor may, from time to time, stake a portion of the Fund’s assets through one or more trusted staking providers, which may include an affiliate of the Sponsor (‘Staking Providers’),” the company wrote in an amendment to its filing on March 18. “In consideration for any staking activity in which the Fund may engage, the Fund would receive certain network rewards of ether tokens, which may be treated as income to…
British multinational Standard Chartered isn’t just bullish on Bitcoin—Ethereum is also going to the moon, its analysts say. A Monday report from the bank claimed that the second-biggest digital asset could hit $8,000 by the end of this year, and $14,000 is possible by the time 2025 is up. If, that is, spot Ethereum exchange-traded funds (ETFs) get approved, Geoffrey Kendrick, head of forex and crypto research at the firm, said in the note. The price of Ethereum is currently hovering slightly above $3,500 per coin, CoinGecko data shows. Several high-profile fund managers have filed paperwork with the Securities and Exchange…
Why Litecoin Is Moving Benzinga – Litecoin (CRYPTO: LTC) is trading lower by 3.7% to $82.03 during Monday’s session. Several altcoins are trading lower in sympathy with Bitcoin amid the apex crypto pulling back marginally after recently hitting a new all-time high. Investors often view Bitcoin as a bellwether for the broader cryptocurrency market. When Bitcoin reaches new all-time highs, it typically generates excitement and optimism among investors, leading to increased buying pressure not only for Bitcoin but also for other cryptocurrencies, including Litecoin. Conversely, a pullback in Bitcoin’s price can trigger uncertainty among investors, causing them to reassess their…
Franklin Templeton, a renowned trillion-dollar asset manager, has recently made headlines with its curious stance on meme coins. In a peculiar investor note, the firm lauds these digital assets for their profit potential while acknowledging their lack of intrinsic value or utility. This statement sheds light on the evolving crypto market and the growing influence of meme-based tokens. The Rise of Memecoins in Crypto In the investor note “The Value Between Meme Coins and Their Native Networks,” Franklin Templeton delves into the fascinating world of meme coins. These digital assets, by the likes of Dogecoin, have surged in popularity in…
Prominent American exchange Uphold is contemplating the integration of VeChain (VET) amid heightened interest in the asset. In a recent post on X, Martin Hiesboeck, Head of Research at Uphold, hinted at this possibility, emphasizing VeChain’s significance in the supply chain management landscape. Hiesboeck disclosed that Uphold has recently experienced a significant uptick in transactional activities related to VET. This revelation coincides with VET’s remarkable price surge of over 50% within a week, rising from $0.02977 to $0.05085. While specifically hinting that integration of VeChain seems imminent, Hiesboeck outlined the company’s perspective on the trusted supply chain asset. as $VET…