It is now a well-known fact that payments giant PayPal is knee-deep in the Bitcoin market. In today’s interview with CNBC, CEO Dan Schulman explained his rationale behind the world’s top cryptocurrency value. He also elucidated on why his company is placing giant buying bets...
XRP Surges Almost 100% in a Week But Is a Correction Pending? (Ripple Price Analysis)
XRP/USD – XRP Turns Parabolic With 95% Surge Key Support Levels: $0.5, $0.481, $0.45.Key Resistance Levels: $0.556, $0.58, $60. The growth of XRP over this past week is truly remarkable. The cryptocurrency managed to surge by over 95% when it started to climb from $0.28...
Inevitable: Ethereum Classic’s Latest Hard Fork Called Thanos Scheduled for November 29th
Less than two months after its latest network upgrade, Ethereum Classic plans to undergo another one on November 29th. Dubbed Thanos, the new hard fork will enhance security while maintaining its compatibility with Ethereum. Thanos Is An Inevitable ETC Network Upgrade The Ethereum Classic team...
YFI’s Andre Cronje Unveils Multi-Purpose DeFi Protocol Deriswap
Andre Cronje, the brain behind the popular DeFi protocol Yearn Finance and the most expensive cryptocurrency YFI, has unveiled yet another DeFi protocol called Deriswap. Obsessed With Capital Efficiency The project focuses on capital efficiency, an aspect of DeFi that Cronje said he is obsessed...
Bitcoin Price Analysis: Is Correction Inbound As Signs of BTC Overheating Appear?
Bitcoin bulls have managed to buy up another dip today after prices slumped $650 during the morning’s early hours. This is the second significant price crash to have taken place over the last 48 hours, with BTC tumbling $1,000 yesterday to a low of $17,600...
Aquaculture Firm Completes Australia’s First IPO Raise Using Cryptocurrency – CoinDesk
Australia-based West Coast Aquaculture (WCA) has completed an A$5 million (US$3.65 million) initial public offering, becoming the first firm in the nation to use cryptocurrency for its capital raise. In an announcement provided to CoinDesk on Monday, fintech firm STAX said it had assisted WCA...
Eth 2.0 Deposit Contract Is 75% Funded Ahead of Soft Launch – CoinDesk
The smart contract that will trigger the first phase of Ethereum’s most ambitious upgrade yet has nearly accrued enough funds to activate. The Ethereum 2.0 deposit contract currently holds 385,440 ($231 million) of the requisite 524,288 ETH required to activate Ethereum 2.0’s beacon chain, the...
OKEx’s Withdrawal Suspension Isn’t Behind Bitcoin’s Rally: Analysts – CoinDesk
Bitcoin’s price has been up dramatically since the very day popular exchange OKEx announced the suspension of all crypto withdrawal service on its platform. However, while some tie the two together, many market observers do not see a reason to associate the latest price rally...
Gazprombank Switzerland Executes First Bitcoin Trades, Announces Payments Initiative – CoinDesk
Gazprombank (Switzerland), an arm of the bank owned by Russian energy giant Gazprom, has carried out the first client transactions as part of its new bitcoin services. Announced Tuesday, the bank’s launch of institutional cryptocurrency services comes after approval was granted by the Swiss Financial...
Bitcoin market cap hits new all-time high and surpasses JPMorgan at $352M
Amid an ongoing parabolic bull run, Bitcoin (BTC) is breaking another major milestone in terms of its market capitalization against American banking giant JPMorgan. On Nov. 24, Bitcoin surpassed the $19,000 price mark for the first time since December 2017, breaking another all-time record in...