Crypto exchange Coinbase has allowed U.S. users to use PayPal to buy digital currencies. For those who already have an account on the Bitcoin platform, there is no need to add a new bank account information and debit card number to Coinbase — “You can continue to use PayPal.”
“We’re now offering customers in the USa simple and speedy way to buy crypto on Coinbase using PayPal. We’re now one step further in bringing everyone easy and secure access to the cryptoeconomy,” the company said in a statement.
Coinbase has set a daily limit of up to $25,000. The commission…
In April, the value of ETH increased by 41%, while the BTC rate fell by 8%. JPMorgan analysts believe this trend will continue.
Experts believe that bitcoin is mostly perceived as a store of value competing with gold. And Ethereum became the backbone of the cryptocurrency economy and acquired the status of a medium of exchange.
“To the extent owning a share of this [ether’s] potential activity is more valuable, the theory goes, ether should outperform bitcoin over the long run,” JPMorgan said.
According to analysts, the reasons why ETH has outperformed BTC in recent weeks in terms of profitability…
We want to remind our users that amid a large-scale power outage in some provinces of China, mining equipment has been suspended since April 16. As a result, the average computing power of the network has almost halved from 198 EH/s to 106 EH/s. The situation was aggravated by the fact that the recalculation of the mining difficulty upwards took place on April 16. All these factors caused a local collapse, and there were up to 136 thousand transactions in the confirmation queue at the maximum, while the usual rate is no more than 30–40 thousand. …
Alfred Kelly, Visa payment company CEO, says the company is interested in the crypto industry and is considering at least 5 scenarios in this area. The top manager is confident that the payment company has an “extremely advantageous” position for launching crypto products.
“We are focused on five areas in this sphere. And I would say that we are very interested in the cryptocurrency industry because we have an excellent position,” the CEO of Visa said.
Kelly noted that the company is in talks with central banks to launch national digital currencies. …
JPMorgan, one of the largest U.S. banks, may launch a bitcoin investment fund this summer. This is reported by CoinDesk, citing sources.
The new structure, the media writes, will focus on clients of a financial institution involved in capital management. According to preliminary data, the New York Digital Investment Group platform will become the custodian of the JPMorgan crypto fund.
The source claims that the key difference between the JPMorgan crypto fund will be that the bank itself will be actively managing it. …
The SEC has not yet developed a document regulating the work of the NFT. Tatiana-Eliza Vasilyeva, Managing Partner of Baseley&Partners, does not exclude that in the future the Commission will assign the status of securities to such assets. This can happen if investors start to profit from the NFT.
According to Vasilyeva, many experts believe that the profit from the monetization of the intellectual property portfolio falls under the Howie test. The Securities Commission uses it when evaluating an asset as a security.
However, the lawyer believes that the NFT will most likely not receive security status if its owner…
The price of the first crypto coin experienced the most significant pullback since March last year. Bitcoin is ready to rebound, according to renowned investor Raul Pal.
“Bitcoin is nearly as oversold as it was in March 2020,» he tweeted.
The CEO of Global Macro Investor and Real Vision Group reinforced his point of view by lowering the RSI indicator on the weekly chart to the values that were observed after the corrections during the first phase of the 2017 bullish trend. …
Bitcoin is in the red, according to Coinmarketcap data as of April 23. BTC price on that date was $49,139.
“The tax news is a big Bitcoin bomb that exploded at a very unfortunate moment, after a period when early buyers were actively taking profits and waiting for new signals of future direction,” said Janis Kivkulis, lead strategist at EXANTE.
Vitaly Kirpichev, head of development of the TradingView platform in the Russian Federation, believes that the price of the main cryptocurrency is capable of falling to $30,000.
By the end of 2021, BTC may reach $100,000, according to a crypto…
The Turkish prosecutor’s office is investigating a possible exit scam of the Thodex bitcoin platform. Arrest warrants have already been issued for 78 people who may be associated with the exchange. 62 of them have already been detained.
On April 22, Thodex suspended trading for a short time, allegedly due to the transfer of the project to a “new partner”. More than 390,000 Thodex customers have been affected by this initiative.
At the same time, Thodex denied suspicions of the exit scam, and the head of the company, Faruk Fatih Ozer, said that he did not intend to hide and…
Dear partners and bitcoin faucet users,
Lately, there is a considerable overload in bitcoin blockchain, that is why some payouts still have “unconfirmed transaction” status.
The problem is that since last week computing power of the leading mining pools has drastically dropped amid issues with electricity supply after explosions and floods in several Chinese provinces.
We apologize for the inconvenience you can experience due to delayed transactions. Please do not worry; your funds will be credited!
At the moment, Chinese mining farms are recovering after the resumption of the electricity supply. At the same time, the computing power continues…