PayPal Will Suspend Cryptocurrency Purchases in the UK From October and Is Expected To Resume Early Next Year
August 16th, according to Cryptoslate, PayPal stated in an email sent to some users on August 14th that due to new rules introduced by the UK Financial Conduct Authority (FCA), PayPal will temporarily suspend its cryptocurrency purchase services in the UK from October 1st, 2023, and will resume in early 2024, with no specific date yet.
Data: Slovenia Is the Most Enthusiastic Cryptocurrency Country in Europe
According to CryptoGambling.tv data analysis, based on the percentage of population searching, Slovenia is the most obsessed cryptocurrency country in Europe. Luxembourg and the Netherlands rank second and third, respectively.
FDIC Report Highlights Risks of Cryptocurrency to US Financial System
The Federal Deposit Insurance Corporation (FDIC) has released a report titled "Risk Assessment," which focuses on the unique risks that cryptocurrency poses to the stability of the United States' financial system. The report raises concerns about the dynamic nature of digital assets, citing fraud, legal uncertainty, and immature risk management practices as areas of opacity. The FDIC emphasizes the need for a better understanding of these risks as interest in cryptocurrency continues to grow.
Data: Voyager transferred about $9.4 million in cryptocurrency to Coinbase and transferred 200 BTC
According to the monitoring of Paiduin, Voyager transferred approximately $9.4 million worth of cryptocurrency to Coinbase on Ethereum in the past 24 hours, including 3,000 ETH, 200 billion SHIB, 2.3 million MANA, 932,000 SAND, 135,000 APE, and 1 million BAT, and received approximately 21 million USDC from Coinbase.In addition, Voyager also transferred 200 BTC (about $5.8 million), of which about 10.3 BTC were deposited into Binance within the past 24 hours.
Former Goldman Sachs Executive: Solana Is Like Ethereum in 2018, Has the Potential To Perform Well
Former Goldman Sachs executive Raoul Pal said that Solana (SOL) is like Ethereum during the bear market of 2018 and 2019.
Pal said in an interview that SOL is his second largest cryptocurrency investment portfolio allocation and believes that it is likely to repeat the dramatic recovery from the bear market to new highs that Ethereum experienced a few years ago.
The Trading Volume of OPNX in the Past 24 Hours Exceeded 100 Million US Dollars, a Record High
August 14th, cryptocurrency claims and trading platform Open Exchange (OPNX) announced that its trading volume in the past 24 hours reached $108,803,381, a historic high.
Argentina's Federal Police Conquer Around $4,000 in Crypto Assets in 27 Raids Across the Country
According to Diarionucleo, on August 12th, the Argentine Federal Police carried out 27 raids nationwide, confirming the identities of 24 individuals and confiscating encrypted assets (worth approximately $4,000), including Bitcoin, Ethereum, and USDT.
Voyager Transfers 1,500 ETH and 250 Billion SHIB to Coinbase
As monitored by on-chain analyst Yu Jin, an hour ago, Voyager transferred 1,500 ETH ($2.77 million) and 250 billion SHIB ($2.7 million) to Coinbase. In addition, Voyager is consolidating all remaining tokens in its wallet addresses to its main address. The cryptocurrency claims of Voyager users have ended, and the final fiat compensation process should now be underway: selling the remaining cryptocurrencies and compensating users in USD.
California Updates Policies for Accepting Cryptocurrency Donations in Campaigns
The California Fair Political Practices Commission has updated its disclosure manuals to provide guidance on accepting cryptocurrency donations for political campaigns. According to the revised policies, campaigns can only accept cryptocurrencies through US-based payment processors that follow KYC policies and regulations set by the Treasury and Financial Crimes Enforcement Network. <br>
Data: In July, the Financing Amount of Web3 Games Increased to US$297 Million, but the Monthly Trading Volume of Metaverse-Related NFT Hit a New Low in a Year
According to a joint report released by DappRadar and the Blockchain Game Alliance on August 11th, the financing amount of Web3 games surged to $297 million in July 2023, a year-on-year increase of 336.76%, of which 63% flowed into infrastructure. This detail indicates that the industry is still in its early stages. Investors are betting on tools and platforms that can promote future cryptocurrency and NFT-driven games.
