Archive for August 2023

PayPal, the online payment giant, has announced the launch of its own stable cryptocurrency, PayPal USD (PYUSD), which is fully backed by US dollar deposits and US Treasuries. The new token is designed to facilitate faster, cheaper, and more secure payments within the digital economy, especially for web3 applications that use blockchain technology. What is…

The US crypto industry is facing more uncertainty and confusion after two federal judges issued contradictory rulings on whether digital assets are securities that need to comply with the same rules as traditional financial products. The rulings, which involved two different crypto companies, Ripple Labs and Terraform Labs, could have significant implications for the future…

The Russian rouble has been under pressure since the US and its allies imposed new sanctions on Russia over its military intervention in Ukraine. The rouble hit a record low of 103.5 per US dollar on Monday, February 28, 2023, losing more than 30% of its value since the start of the year. The sanctions…

The US Securities and Exchange Commission (SEC) has been cracking down on the crypto industry, claiming that most digital assets are securities that need to comply with the same rules as traditional financial products. However, one of the biggest crypto exchanges in the US, Coinbase, has challenged the SEC’s authority and refused to stop trading…