Author: e_cash_top

[ad_1] Cryptocurrency exchange Binance is the first licensed crypto platform in El Salvador after receiving two licenses from the Central American country, according to an Aug. 8 statement. Binance said it was licensed as a Bitcoin Services Provider (BSP) by the Central Bank of El Salvador (Banco Central de Reserva). At the same time, the National…

[ad_1] Quick Take Thursday’s upcoming US CPI data is expected to confirm inflationary pressures persisting well beyond the 2% target, indicating an economy where prices are rising faster than anticipated. Analysts estimate core inflation — which excludes the more volatile components of food and energy — at 4.8%. Interestingly, the year-over-year inflation rate is projected…

[ad_1] Paolo Ardoino, CTO of Tether (USDT), said in an Aug. 8 statement shared with CryptoSlate that he welcomed PayPal’s entrance into the stablecoin industry. Ardoino said PayPal’s foray into the field would enhance the overall growth of the ecosystem as it would drive competing firms to develop solutions that would further boost adoption and…

[ad_1] Citing insider contacts at BlackRock and Invesco, Galaxy Digital CEO Mike Novogratz said that institutional players believe that regulatory approval for a spot Bitcoin exchange-traded fund is a “question of when not if.” Novogratz made the statement during the company’s second-quarter earnings call on Aug. 8. He added that the contacts expect the SEC…

[ad_1] The M1 money supply, a key economic indicator, represents the total amount of physical currency in circulation, including coins, notes, traveler’s checks, and demand deposits. Essentially, it measures an economy’s liquidity and the public’s spending power. In the context of the cryptocurrency market, comparing Bitcoin’s spot price to the M1 money supply provides an…

[ad_1] Cryptocurrency exchange Huobi said it would list the newly launched PayPal’s PYUSD stablecoin soon, as per an Aug. 8 statement. Huobi said it would be the first cryptocurrency exchange “to support the launch of PYUSD stablecoin and will provide PYUSD/USDT trading pairs with 0 trading fee permanently.” Huobi failed to provide a definite timeline…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…

[ad_1] The Central Bank of Brazil has unveiled its upcoming digital currency, ‘DREX.’ As reported in a live video from the Central Bank, DREX will be a digital representation of the Brazilian real, with the capacity to interact with other digital assets. The video specified that “unlike cryptocurrencies such as Bitcoin,” DREX aims to facilitate…

[ad_1] Jeremy Allaire, Circle CEO, confirmed that USD Coin (USDC) saw more redemptions than issuance over the past month, according to an Aug. 7 tweet. Allaire stated that Circle issued $5 billion worth of USDC over the past month, with redemptions surpassing issuances by $1.6 billion, totaling $6.6 billion. He said the high redemptions were…

[ad_1] A recent research paper from Durham University in the UK revealed a powerful AI-driven attack that can decipher keyboard inputs solely based on subtle acoustic cues from keystrokes. Published on Arxiv on Aug. 3, the paper “A Practical Deep Learning-Based Acoustic Side Channel Attack on Keyboards” demonstrates how deep learning techniques can launch remarkably…