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PayPal holds over $600 million of crypto, but pulls out of stablecoin plans  (www.blockcast.cc)

PayPal holds Bitcoin. It holds a lot of it.  The online payments giant (NASDAQ:PYPL) rolled out a crypto service in the US in October 2020, allowing customers to buy and sell a limited selection of cryptos. It has since expanded the offering to the UK, with more jurisdictions planned.  Are you looking for fast-news, hot-tips […]

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Ethereum price drifted higher after CPI but downside risks remain (www.blockcast.cc)

Ethereum (ETH/USD) price crawled back slightly on Tuesday after the US published stronger-than-expected January inflation figures. The coin jumped to $1,525, which was a few points above the year-to-date low of $1,465.  Inflation was higher than expected Ethereum and other risky assets like American stocks drifted higher even after the US released stronger-than-expected inflation numbers. […]

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Tim Draper dives further into web3, but will other capital follow? (www.blockcast.cc)

I’ve wondered aloud how damaging the dent to crypto’s reputation will have been in recent months. The collapse of FTX (deep dive into that sordid affair here) felt like a straw that broke the camel’s back in a lot of ways. Regarding institutional adoption, the tempting conclusion was that any reputable firm would run a […]

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Chiliz sees a hugely positive reaction from demand zone but can it continue its ascent (www.blockcast.cc)

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion The market structure could turn bullish if the daily trading session closes above $0.235 However, this might not be a signal for longer-term buyers to invest in CHZ yet Chiliz announced that FTX users […]

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Solana unlock postponed, but is it enough to save SOL from declining (www.blockcast.cc)

Solana’s co-founder briefly comments on Solana’s involvement in FTX Unlocking of staked tokens postponed as price witness slight uptick The SOL token started falling on 6 November, and while this might have been written off as a regular market movement at first, the decline has continued for more than two days. As the decline continued, […]

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A re-listing spree for XRP on exchanges soon? Maybe, but only if… (www.blockcast.cc)

Ripple’s problems started when the Securities and Exchange Commission (SEC) started looking into how the company advertised and sold its XRP tokens. Since then, the SEC has maintained that the token is a security and as such, violates SEC requirements. Although the SEC has maintained this position for a long time, Ripple Labs continues to […]

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Aave’s TVL witnesses a rise, but can AAVE benefit from these recent updates (www.blockcast.cc)

As  of 31 October, Aave had been experiencing a surge in its Total Value Locked (TVL), according to statistics from DefiLlama. Following the initial release of the protocol, the team went on to develop versions 2 and 3. And each version was tailored to a particular lending business. The TVL observed was the combination of […]

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Twitter has huge value but it needs better monetization, Binance’s CZ says (www.blockcast.cc)

Twitter is an Elon Musk company after the billionaire Tesla and SpaceX CEO completed his blockbuster takeover that for months had teetered on the verge of collapse. But the world’s richest man made good his bid to acquire the social media company and the rest is quickly becoming history. As the dust over the $44 […]

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This Cash App update helps BTC trade, but here’s the how of it all (www.blockcast.cc)

The usage restrictions of Bitcoin (BTC), which are largely due to its architecture, have been continuously questioned. The king coin had previously mostly been used as a store of value, but thanks to recent improvements, it is now being used in other ways and through different channels. Recently, Cash App announced that users could now […]

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Enjin: These developments could mean well for ENJ but caution is advised  (www.blockcast.cc)

Enjin Coin, a project of Enjin that provides an ecosystem of interconnected, blockchain-based gaming products, witnessed significant volatility in the past few months. Despite suffering constant losses in this bear market, the ENJ team continued to develop and improve upon their technology. And it seems like their efforts have paid off as ENJ caught the […]

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