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PayPal is preparing to expand the utility of its U.S. dollar-pegged stablecoin, PayPal USD (PYUSD), by launching it on the Stellar blockchain network pending regulatory approval from the New York State Department of Financial Services (NYDFS).
Nigerian traders are shifting focus as the broader crypto market navigates recent headwinds. While Bitcoin, Ethereum, and stablecoins remain the primary pillars of local trading activity, there is a growing appetite for a few altcoins. To better understand this trend, BeInCrypto spoke with Ayotunde Alabi, Country Manager at Luno Nigeria, a regional branch of the …
SharpLink Gaming’s $463 million investment in Ethereum has positioned it as a major player in the crypto world, but the company's stock price fell sharply after the announcement, raising questions about the timing of the bet.
Amidst the $221 billion market crash, these three altcoins show potential for a bounce back. Key support levels and investor sentiment will dictate their price movements.
- 19:04Brazil imposes a unified 17.5% tax rate on cryptocurrency profits, ending the tax exemption policy for small investorsAccording to CoinDesk, Brazil has abolished its long-standing tax exemption policy on cryptocurrency gains. Under the new provisional measure (Decree No. 1303), individual profits from cryptocurrencies will be uniformly taxed at a rate of 17.5%. Previously, individuals could sell up to 35,000 reais (approximately $6,300) worth of cryptocurrencies per month without being taxed. Before this change, gains exceeding that threshold were subject to a progressive tax rate, with the highest rate reaching 22.5% for transaction amounts over $5.4 million.
- 19:04BTC Surpasses $104,500Market data shows that BTC has surpassed $104,500 and is currently quoted at $104,507.25, with a 24-hour decline of 0.94%. The market is experiencing significant volatility, so please manage your risks accordingly.
- 19:04Circle CEO: Stablecoins May Be the Most Practical Form of Currency, but the Industry’s “iPhone Moment” Has Yet to ArriveJeremy Allaire, co-founder and CEO of USDC stablecoin issuer Circle, stated on the X platform that stablecoins may be the most practical form of currency ever, but the “iPhone moment” for the stablecoin industry has not yet arrived. However, once the stablecoin market enters the so-called “iPhone era,” developers will be able to unlock programmable digital dollars just as they unlocked programmable mobile devices. At that point, programmable digital dollars will unleash their power and create opportunities on the internet, and this era may be approaching soon.