Crypto analysts were still digesting last week's announcement by PayPal of its own new stablecoin linked to the U.S. dollar. By JPRubin23 in First Mover Asia by CoinDesk. $BTC
"The price stability is a positive sign, indicating consolidation around these levels that can potentially support another leg up," Joe DiPasquale, CEO of the crypto hedge fund BitBull Capital, told CoinDesk in an email on Sunday.new stablecoin linked to the U.S. dollar"This is a major set forward since it’s the first issuance of its kind by a traditional, global payments service with hundreds of millions of users," DiPasquale said.
Sam Bankman-Fried spent 2021 and much of 2022 talking himself into the role of a cryptocurrency mogul. A court hearing today will decide whether he has now talked himself from cushy house arrest back into a concrete and steel jail cell.
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