Tag: cryptocurrency

Oct 26 2020

Bitcoin and Cryptocurrency Market Roundup for the Week Gone By

Oct 26 2020 Published at Bitcoinist.com under tags  bitcoin cryptocurrency trade

Bullish headlines are sending Bitcoin to the skies, with large-cap coins surging to new 2020 highs after PayPal announced on Wednesday it will be integrating cryptocurrency. The good news continued as the week progressed. America's biggest bank...

Cryptocurrency “Turning a Corner” – David Marcus

Reading Time: 2 minutes David Marcus, head of Facebook’s Libra project, has said that cryptocurrency adoption has “turned a corner” Marcus alluded to the pursuit of Bitcoin by banks and PayPal’s new cryptocurrency platform Libra helped push cryptocurrency into the...

Cryptocurrencies Should Be Defined as Money – FinCen and FRB

Reading Time: 2 minutes U.S. Federal Reserve Board and Financial Crimes Enforcement Network have called for cryptocurrencies to be defined as money The agencies also want the Bank Secrecy Act threshold to be reduced from $3,000 to $250 Cryptocurrencies are generally...

Analyst Explains Why Bitcoin Risks Crashing by $2K in “A Few Days”

The ongoing Bitcoin price rally risks fizzling out on a notion that the price won't hold a psychological support level. The $2K-Crash Setup At lower $13Ks, the cryptocurrency awaits a significant sell-off, according to Mark Principato of Green Bridge Investing, an investment consulting firm in New York. The executive director...

Bitcoin Weekly Outlook: All Eyes on US Election, Stimulus, Tech Earnings

Bitcoin market sentiment fared an extremely bullish setting last week as traders/investors assessed the foray of big firms into the digital currency sector, including PayPal. The BTC/USD exchange rate began the 7-day timeframe with a decent jump – and it spent the rest of the time trading...

Oct 25 2020

When Will The Financial Times Admit Defeat Over Bitcoin?

Reading Time: 2 minutes The Financial Times newspaper is notoriously down on Bitcoin, but they are being proved wrong over their halving claims In May the paper dismissed the possibility of a post-halving pump, since when Bitcoin has risen 39% What will it take for the...

Oct 24 2020

Bitfinex CTO: Tether (USDT) is Registered with FinCEN and Regulated

Summary: Bitfinex CTO and Tether CTO, Paolo Ardoino, has clarified that Tether (USDT) is indeed regulated Mr. Ardoino announced via Twitter that Tether was also registered with FinCEN His comments come after Tether competitors have been using the 'regulation' card to gain favor with users Tether recently hit $16 Billion in market capitalization There has been a long-held belief that the popular stablecoin...

Oct 23 2020

Top 5 Stablecoins by Market Cap

A stablecoin is a cryptocurrency that is pegged to the specified stable asset, like gold or the U.S. dollar. In other words, Stablecoins are cryptocurrencies designed to overcome the influences of price resilience. To overcome resilience the value of a stablecoin can be fastened to currency, or exchange- traded assets...

BREAKING: People’s Bank of China Cracks Down on Stablecoins

Oct 23 2020 Published at CryptoTicker under tags  china crypto cryptocurrency pboc regulation

The People's Bank of China (PBoC) is asking for public feedback to review the ongoing central banking law, which intends to authorize and legalize digital yuan but ban the distribution of yuan-pegged digital tokens. The central bank issued a notice on Friday, 23 October 2020....

Can a Physical Bitcoin Ever be Equal Value?

Oct 23 2020 Published at FullyCrypto under tags  bitcoin cryptocurrency crypto guides

Reading Time: 2 minutes Physical Bitcoins of varying quality are widely available Most are cheap novelty incarnations made from metal and worth only a few dollars What would you need to make a physical Bitcoin that was actually worth the same as a real one?...

A PayPal Listing Will Be The ‘When Coinbase?’ of 2021

Reading Time: 2 minutes ‘When PayPal?’ is set to be the mantra for crypto believers in 2021 The company’s new crypto project is starting out with only four tokens With 286 million active users, shitcoin fans will be clamoring for a PayPal listing For years it...

BSV PayPal Omission is “Good”, Says Calvin Ayre

Reading Time: 3 minutes The omission of BSV from PayPal’s new crypto offering is “good for BSV” according to Calvin Ayre BSV was not included in the four coins on the new platform, while the two coins from which it forked, Bitcoin and Bitcoin Cash, were Ayre then begged...

Bitcoin Bull Run – What Stands in the Way?

Reading Time: 2 minutesAlmost everyone in the cryptocurrency world is in agreement that, after nearly three years of waiting, Bitcoin is finally...

The Best Place to Short Bitcoin is Above $14K, Analyst Explains Why

Bitcoin bulls will enjoy domination over the market until its price breaches the $14,000-mark, according to Eugene Loza of EXCAVO. The independent market analyst wrote in his note to investors that...

Willy Woo on Why It’s ‘an Extremely Great Time to Buy Bitcoin’

Oct 23 2020 Published at Unchained Podcast under tags  2020 banking bitmex blockchain crypto

Willy Woo, on-chain Bitcoin analyst and writer of “The Bitcoin Forecast,” a market intelligence newsletter, discusses how the Bitcoin markets have been changing amidst what may be a forthcoming ebbing of derivatives exchanges and a revival of the importance of spot exchanges. In this episode, he covers: what the PayPal news means when there are...

Here’s How Bitcoin Gets to $50,000

Plus: the crypto companies turning away business What may prove to be the crypto news of the year broke this week, with the long-rumored announcement by PayPal that support for buying, selling, hodling, and purchasing will soon make its way to the company's customers. Filecoin continues forward with its long-awaited mainnet as several of its top miners object to the...

Oct 22 2020

What will happen to Bitcoin after the PayPal Announcement?

Ever since 2019, Bitcoin is on a steady uptrend, with much optimism and buoyancy. After recovering from a big crash due to the COVID-19, Bitcoin is back at an all-time high price since mid-2019....

OKEx Customers Still in the Dark Over Founder’s Situation

Reading Time: 2 minutes OKEx customers are still in the dark about the state of the exchange and the funds they keep on it Founder Star Xu was removed from the business to speak to officials last week but hasn’t been seen since Deposits and withdrawals are still...

PayPal’s Crypto Move – 5 Things We Learnt

Reading Time: 3 minutes PayPal will soon start offering cryptocurrency buying, selling, and shopping on its platform The news resulted in a huge Bitcoin price spike What did we learn from the announcement?...

Oct 21 2020

BREAKING: PayPal enables users to buy, sell, and use Cryptocurrency

PayPal Holdings Inc has entered the cryptocurrency market on Wednesday, 21, October 2020. The online payment system now allows consumers to purchase, sell, and keep bitcoin and other cryptocurrencies using the U.S. digital payments company’s online wallets. Paypal Allows Cryptocurrencies...

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