Markets

Following today’s remarks from Musk, Dogecoin price has rallied by 55%.The world’s richest man is once again talking about crypto. This time about his ‘favorite’ crypto Dogecoin. Elon Musk after bidding goodbye to his followers on Twitter a few days ago is back. More importantly, his return has been marked by a series of tweets about Dogecoin. The tweets on Dogecoin by Musk have since lit the crypto community and sent DOGE price soaring by over 50% in the last few hours.Elon Musk has shier...

Revealing plans for 2021, PayPal said its “Buy, Hold, and Sell cryptocurrencies” initiative would be expanded to “Venmo and select international markets.”Global online payments company PayPal Holdings Inc (NASDAQ: PYPL) now offers crypto payments for any of its 29 million merchants later in the first quarter of the year. The company is also planning to expand its horizon by extending its “roadmap around crypto, blockchain, and digital currencies.”PayPal Crypto Payments for MerchantsPayPal is...

In a Q4 2020 investor update, PayPal revealed that it recorded fourth-quarter and fiscal year financial results that were far beyond its expectations. The company noted that it was its strongest fiscal year, with high payment volume and new accounts further strengthening its scale.PayPal recorded a massive surge in the number of active accounts on its platform, with a whopping 16 million active accounts in Q4 2020 alone. For fiscal 2020, the company added 72.7 million net new active accounts,...

The integration of cryptocurrency purchase options for Bitcoin (BTC), Ethereum (ETH), and other limited altcoins has proven to be the right move for PayPal as shown in its Q4 results.American payment giant PayPal Holdings Inc (NASDAQ: PYPL) has released its Q4 2020 result in which it posted a better than expected growth. According to the earnings release, the company recorded a 72% increase year-on-year in the number of its new accounts which came in at 16 million for the quarter.In addition,...

The total crypto market cap has surged to a new all-time high of $1.150 trillion as bitcoin topped $38,000 before retracing back below it. Most alternative coins also marked substantial gains, including fresh all-time highs for Ethereum and Polkadot.Bitcoin Touched $38KAfter the calm weekend in which BTC retraced to about $32,000, the primary cryptocurrency started to gradually increase its value. This led to yesterday’s break out from the consolidation triangle and an intraday high of...

The total value of the DeFi market has jumped by 2,000% in just twelve months, but compared to the total market capitalization of all cryptocurrencies, DeFi accounts for less than 2%. This means that there is plenty of room for growth and in 2021, DeFi could take off if the authorities do not impose any restrictions or attack the growing number of stablecoins.It is possible that the total value locked in the DeFi space will surpass $100 billion, as there will be greater integration of...

Litecoin price started a fresh increase from the $125 support zone against the US Dollar.LTC price is now trading well above $140 pivot level and the 55 simple moving average (4-hours).There was a break above a major contracting triangle with resistance near $140 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could correct lower, but it is likely to remain stable above $145 and $142.Litecoin price is showing positive signs above $145 against the US Dollar, similar...

Bitcoin has been booming as of late. Since last October, the world’s number one digital currency by market cap has been surging like no other asset on planet Earth. This has been both a good and a bad thing in the sense that it has allowed a lot of crypto holders to get rich and expand their portfolios.Bitcoin May Have Some Opposition from Hedge FundsHowever, it’s also had a negative side in that several hedge funds are now attempting to short the currency and bet against it. After all, when...

One of Universa Blockchain’s partners, the Blockchain and Cryptocurrency Association, has joined forces with the Joys Platform to roll out a new payment system.Universa Blockchain and two other partners, including BRICS IT, are working together in launching a Digital Bank project to process transactions for the BRICS member countries, the Russian Association of Cryptoindustry and Blockchain (RACIB), reported on Jan 31.RACIB, an association focusing on cryptocurrency and blockchain in Russia,...

One of the biggest problems for crypto traders is the fact that some leading technical experts – such as Elon Musk – are seemingly unable to make up their minds about bitcoin. Is it good? Is it bad? They seem to be going back and forth all the time, which inevitably causes the currency to experience price fluctuations that can make life difficult for hardcore traders and buyers.Elon Musk: I’m a Bitcoin SupporterBut in recent days, the South African entrepreneur has been rather clear about...