Category: crypto

PayPal is hosting a cryptocurrency sweepstakes in the U.S., offering Bitcoin prizes to customers. Users earn entries for transactions on the platform, with a maximum of 10 per week. Winners will receive various amounts of Bitcoin. PayPal aims to promote crypto adoption through this initiative, leveraging its existing platform.

Strategy is reassuring investors that its Bitcoin holdings far exceed its debt, with a 5.9x asset-to-liability ratio at average purchase price and 2.0x ratio even in a severe crash. Despite falling stock prices and removal from the S&P 500, Strategy remains confident in its strategy and continues to accumulate Bitcoin.

Retail Bitcoin traders are losing sleep due to the volatility of the crypto market. A survey by exchange CEX.io found that 68% of traders check prices in bed almost every night, leading to sleep deprivation and poor trading decisions. Market swings peak during sleep hours in Europe, the Middle East, and Africa, impacting traders’ ability…

Bitcoin surpassed $90,000 and held the breakout despite volatility in the crypto market. Technical indicators show BTC trading below key moving averages, suggesting pressure on the broader trend. Short-term buying pressure has not been enough to sustain breakouts above resistance levels. The market remains reactive with rapid reversals.

Ethereum attempted to break through a key resistance level but failed, resulting in a 26% drop in November. Large holders increased positions while smaller traders reduced theirs. The upcoming Fusaka network upgrade on December 3 could impact the asset’s price. Analysts are divided on whether Ethereum will soar or remain range-bound.

Securitize has obtained full approval from the European Union to operate a regulated tokenized trading and settlement system under the DLT Pilot Regime. The platform will run on Avalanche and connect with Securitize’s U.S. infrastructure. This approval allows Securitize to be among the first companies to operate a blockchain-based market infrastructure in the EU.

BNB is currently trading at a level that previously marked a breakout in 2024, with the cryptocurrency now testing a former resistance level that is functioning as support. Despite a recent peak, BNB has retraced to the upper boundary of an ascending channel, with futures open interest declining, indicating a wait for clearer directional cues.

Despite falling stock prices in the cryptocurrency sector, executives managed to secure generous compensation packages. Some packages included protections against market declines, while others saw pay bumps. Activist shareholder Paul Glazer opposed Anthony Pompliano’s compensation package. Overall, crypto executives’ wallets grew fat even as the markets tumbled.

Swedish fintech company Klarna is launching a USD-pegged stablecoin called KlarnaUSD, with a mainnet rollout planned for 2026. The stablecoin aims to reduce costs and improve efficiency in cross-border payments. Klarna joins other major firms in the $304 billion stablecoin market, with plans to expand to merchants and consumers.

MegaETH faced technical problems during its token sale expansion, prompting the team to halt the planned increase of the pre-deposit cap from $250 million to $1 billion. Issues with multisig configuration and Sonar’s infrastructure led to a chaotic launch, with users experiencing problems and refund requests following the event.