Crypto news

PayPal will probably avert from investing its cash into Bitcoin. Despite the recently expanding interest from institutions in digital assets, the US payment giant will not get into the crypto whirlpool, said the firm’s Chief Financial Officer.Admitting Cryptocurrency’s Values but Still Won’t InvestAlthough it sees enormous opportunity in the development of digital wallets, PayPal will most likely not allocate portions of its cash into Bitcoin or other cryptocurrencies. According to a recent...

ETH/USD – Hints Of Bearish Divergence ShowingKey Support Levels: $1685, $1600, $1536.Key Resistance Levels: $1800, $1850, $1900.Ethereum has now established another ascending price channel as it trades near the upper boundary. It had rebounded from $1300 at the start of the month and pushed higher to reach a new ATH at $1839 this week.Over the past four days, Ethereum seems to be struggling to penetrate the resistance at $1800 as it couldn’t close a daily candle above it. For this bullish leg...

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Bitcoin’s price could spike to a six-digit price territory as early as April or September this year, said the creator of the popular stock-to-flow model, PlanB. Additionally, the asset could surge to $288,000 by the year’s end if it follows the 2013 bull cycle.Bitcoin To $100K In Two To Seven Months?The primary cryptocurrency has been on a tear in the past several months after exploding by about 5x since early October 2020. In the first month and a half in the new year alone, the asset has...

Yearn Finance, one of DeFi’s landmark projects and also the first coin to truly flip Bitcoin’s price on multiple occasions, managed to surge above $52K earlier today before correcting slightly to where it’s currently trading.Yearn Finance is undoubtedly one of the benchmark projects for the space of decentralized finance (DeFi).YFI, the ecosystem’s native token, was initially supposed to be nothing but a governance token that has absolutely no face value. In fact, Andre Cronje, the creator of...

While the US still fights the idea of an ETF tracking the performance of BTC, the Ontario Securities Commission (OSC) has approved an application from the financial services company Purpose Investments Inc. to launch such a product in several Canadian territories.The approval document reads that Purpose Investments filed the prospectus under Multilateral Instrument 11-102 Passport System for the following Canadian jurisdictions: British Columbia, Alberta, Saskatchewan, Manitoba, Quebec, New...

In another bit of bullish news over the past few days, the CEO of one of the world’s largest social media platforms – Twitter’s Jack Dorsey, and renowned artist Jay-Z, have set up a 500 BTC trust to fund Bitcoin development with a primary initial focus on Africa and India.Shawn Corey Carter, better known for his stage name Jay-Z, arguably one of the greatest rappers and a billionaire investor, has teamed up with Twitter’s CEO, Jack Dorsey, on a Bitcoin trust initiative.The two offer 500 BTC,...

After yet another all-time high painted just at the $49,000 price tag, bitcoin retraced slightly. Most altcoins also went up in the past 24 hours, and the total market cap painted a new record as well above $1.460 trillion. Interestingly enough, YFI has managed to surpass BTC in terms of dollar value.Bitcoin’s Latest ATH At Nearly $49KBTC is having a compelling week as it exploded by about $7,000 on Monday following news that Tesla had purchased $1.5 billion in January. It went for a new...

Bitcoin cash price gained pace and was able to clear $500 against the US Dollar.The price is trading nicely above the $520 level and the 55 simple moving average (4-hours).There is a key ascending channel forming with support near $500 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair is likely to clear the $550 resistance and continue higher towards $600 in the near term.Bitcoin cash price is gaining momentum above $520 against the US Dollar, similar to bitcoin....

Mastercard Der Kreditkarten-Anbieter Mastercard will noch in diesem Jahr sein globales Netzwerk für Kryptowährungen öffnen. Und das wäre eine Sensation. Den dadurch könnten Händler mehr Kunden erschliessen, die bereits auf die digitalen Vermögenswerte setzen. Allerdings werde Mastercard nicht alle Kryptowährungen unterstützen, da einige der digitalen Coins noch unzureichende...