Investing.com – Huobi’s reserves plummet amid news of executive arrests and Elon Musk says X will never release its own crypto token – these and other important news in the cryptocurrency market in our review.
The stablecoin balance of the Huobi crypto exchange has decreased by 33% over the past week, users of the site have withdrawn $49 million in stablecoins, informs Coindesk with a link to Nansen.ai data. Journalist Colin Wu previously reported that “most of the senior management of international crypto exchanges were detained by the Chinese police.” Hong Kong media outlet Techub NEWS also reported on August 6 that it had learned from two different sources that at least three Huobi executives had been arrested by Chinese police for investigation.
Entrepreneur Elon Musk, who owns the social network X (formerly Twitter (NYSE:)), said that his platform will “never” release its own crypto token. Responding to a user’s post that the social network has never released platform-related cryptocurrencies, Musk wrote: “Never will.” About it writes RBC.
PayPal payment system (NASDAQ:) announced on the issuance of a “stable coin” PayPal USD (PYUSD), the issuer of which will be the infrastructure company Paxos. The goal of launching the stablecoin was to empower the PayPal ecosystem. First of all, the coin will be available to the company’s customers in the United States, the report says.
CoinGecko data service launched a new index – Top Alleged Securities Coins – to track the largest cryptocurrencies, which the US Securities and Exchange Commission (SEC) called securities. The site launched the index in the first week of August. It includes the most popular coins that the US regulator has recognized as securities in several court cases.
In the first half of 2023, the number of video cards sold in Russia increased by 1.5 times compared to the same period last year, while the average price of a device decreased by 36% year-on-year, informs “Kommersant” with reference to the data of experts. In real terms, sales of video cards in Russia in January-June amounted to 543.5 thousand units. Till July, 2022 monthly sales of devices made about 60 thousand pieces, now — 90-100 000, the business analyst of F+ tech | Marvel” Artur Makhlayuk.
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Text prepared by Timur Aliev
2023-08-07 16:08:00
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