Bitcoin remains in an uptrend but is facing signs of exhaustion above $13,200, suggesting that a minor correction could drag altcoins lower. Hot on the heels of Paypal’s crypto adoption, JPMorgan’s Global Markets Strategy division released a report detailing how Bitcoin (BTC) could offer “considerable” upside “if it competes more intensely with gold as an […]
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The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! Coming every Sunday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much […]
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Bitcoin is showing signs of profit booking, resulting in a slight downturn in altcoin prices. PayPal’s crypto announcement acted as a trigger that drove Bitcoin (BTC) price to a new 52-week high. During such news-based events, traders holding short positions are caught off guard and are forced to cover their trades, resulting in the type […]
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“Added a cool $300 million in AUM in one day,” boasts Grayscale CEO Barry Silbert. Crypto fund manager Grayscale Investments has increased its assets under management (AUM) by $1 billion in the space of a week. According to an update posted to Grayscale’s Twitter account on Oct. 22, the investment firm currently has $7.3 billion […]
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The asset has overtaken the network’s market cap following an announcement that PayPal intends to integrate crypto. Since PayPal announced adding Bitcoin (BTC) to its platform, the asset’s market cap has exceeded that of PayPal itself. Ironic? At press time, Bitcoin holds a market cap of $239,877,416,968, just recently surpassing PayPal on AssetDash’s list of […]
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The CSO of CoinShares thinks that a payments-focused PayPal token could be forthcoming. Global digital payment giant PayPal might be moving into issuing its own cryptocurrency after officially entering the crypto industry, according to a major industry exec. Meltem Demirors, CSO at digital asset management firm CoinShares, says that she will not be surprised if […]
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Japanese residents can once again trade BTC, ETH, LTC, XRP, and BCH on Kraken, two years after it pulled out of the country. Major U.S.-based cryptocurrency exchange Kraken has launched funding and crypto trading services in Japan, furthering its expansion into the Asia-Pacific (APAC) region. On Oct. 22, the exchange announced it had launched spot […]
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News of PayPal’s support for crypto assets has triggered a rally in the markets, with Bitcoin trading above $13,000 for the first time since July. Bitcoin (BTC) has rallied above $13,000 for the first time since July, and only the third time since the all-time high bull run of late-2017. The move follows the long […]
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Mainstream investors apparently liked the company’s turn towards crypto. PayPal (PYPL) reached $215.87 on Oct. 21, a few dollars past its previous all-time high of $212.38, set on Sept. 2, 2020, according to data from TradingView. This price action came shortly after the payments company announced that it would soon be including crypto assets on its platform. PayPal plans to […]
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Bitcoin hit a new 2020 high and altcoins rallied as PayPal announced that it will support crypto payments. The crypto markets are cheering PayPal’s decision to allow its customers to use cryptocurrencies to shop from its vast merchant network. PayPal also revealed that U.S. account holders will be able to buy, sell, and hold cryptocurrencies […]
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