Bitcoin (BTC) saw a staunch comeback on Tuesday thanks to fresh bullish news from PayPal combined with solid on-chain indicators. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView #Doge420 aims to sprout $4.20 Dogecoin Cointelegraph Markets Pro and TradingView showed BTC/USD bouncing to $56,000 during Tuesday trading,...
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PayPal-owned Venmo launches cryptocurrency trading
Payments app Square made headlines — and dollars — when it integrated Bitcoin trading into its mobile platform back during the crypto bull market of winter 2017. Now, rival payments firm Venmo, owned by PayPal, is following suit by launching cryptocurrency trading for four major coins: Bitcoin (BTC),...
Bitcoin transactions fees in US dollars near all-time high levels
Bitcoin (BTC) transaction fees measured in United States dollars are near 2017 levels amid a massive hash rate drop on the Bitcoin network. According to data from several Bitcoin monitoring resources, the average BTC transaction fee in U.S. dollars is near the all-time high recorded...
Facebook-backed Diem Association reportedly to launch stablecoin pilot in 2021
Facebook-backed digital currency project Diem could launch its first stablecoin in 2021 as a small-scale pilot, according to an anonymous source. Cited in a CNBC report published on Tuesday, the source claimed that the Switzerland-based nonprofit The Diem Association is still intending to launch its...
UAE employs blockchain tech for remote litigation services
The government of the United Arab Emirates will employ blockchain technology for use in its judicial notarization and authentication services, it announced on Monday, according to the Emirates News Agency. The adoption of blockchain tech is expected to cut down on the time, effort and...
Deutsche Telekom invests in mobile DeFi platform Celo
Deutsche Telekom, one of the largest telecom providers in Europe, has invested in blockchain payments platform Celo to support the development of decentralized finance. The telecom giant has made a “significant purchase” of Celo’s native token, Celo, through its strategic investment fund, the Telekom Innovation...
Bitcoin technicals sour as price dives under $54K and two critical whale clusters
Bitcoin has dropped below $54,000 on April 20 while whale clusters suggest that the key areas for BTC to reclaim in the short term are $56,274 and $55,172. The cryptocurrency market began to drop once again after an initial relief rally on Monday. Bitcoin dropped from...
Electronics retailer Newegg now accepts Dogecoin as payment
American online electronics retailer Newegg has added Dogecoin (DOGE) as an official payment method amid the ongoing parabolic surge of the meme-based cryptocurrency. Newegg announced Tuesday that the company added the option through crypto payments platform BitPay. The firm said that the new feature was...
Crypto payments banned in Turkey — Is this just the beginning?
Buying something with Bitcoin (BTC) in Turkey will soon be illegal, and the topic of crypto payments has become a political debate since the Central Bank of the Republic of Turkey’s April 16 announcement that it will forbid the use of cryptocurrency as a payment...
Bitfarms estimates Argentinian facility will reduce BTC mining costs by 45%
Canadian Bitcoin mining firm Bitfarms has updated its plans for expansion in South America, revealing it has secured an eight-year contract to draw up to 210 megawatts, or MW, of electricity for $0.022 per kilowatt-hour, or kWh. According to an April 19 announcement, Bitfarms has...