Another low volatility week for crypto with bitcoin (BTC) up 0.3%, outperforming ether (ETH), down 2.2%. The Nasdaq Crypto Index (NCI) recorded a slight drop of 0.4%. Despite the Federal Reserve keeping interest rates unchanged, financial markets remained cautious as the possibility of a rate hike before the end of 2023 remains.
PayPal rolls out its stablecoin to Venmo users
The company revealed its exciting plans to introduce the PayPal USD (PYUSD) stablecoin to Venmo in “the coming weeks,” allowing tens of millions of users access to the stablecoin for payments.
Google Cloud pushes deeper into blockchain data
Google Cloud's BigQuery service is expanding its blockchain support by adding 11 networks, including Polygon and Polkadot, to its public datasets used for applications like Looker and Google Sheets. Google is one of many large companies investing heavily in crypto.
Citi develops new digital asset capabilities for institutional clients
The financial services giant is launching a blockchain-based token management service allowing institutional clients to transfer liquidity between Citi branches on a 24/7 basis. The move is another sign of the growing significance of tokenization.
From Hashdex: Five ways crypto is benefiting from macro conditions
Our Head of Product Dramane Meite shared his perspectives on why the current economic environment is presenting crypto investors a unique opportunity.
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