International fintech giant PayPal is taking advantage of contagion worries of its 325 million users. According to three close sources, the company is seeking to roll out cryptocurrencies in its platform this year. PayPal is already used as an alternative means for withdrawing funds from some crypto exchanges. If the alleged plan pushes through, this …
PayPal to Offer Direct Sales for Cryptocurrencies Read More »
In order to get into the cryptocurrency market, there are a few things you will need to know first. As with most things, it is best to get a bit of background information on whatever you are researching. This is why we will start off by explaining what exactly cryptocurrencies are. What cryptocurrencies are At …
Jobless claims came in worse than expected for this week, sending the Dow Jones Industrial Average down in pre-market. Financially motivated layoffs, small businesses on lockdown, and larger companies incapable of continuing businesses motivated the loss. The figure began to decline across the United States since the outbreak, pushing demand for the currency lower and …
Following news that Chinese miners are struggling to meet amends following the Bitcoin halving, it looks like mining difficulty had jumped too far. The BTC network measured a 15% surge for the figure, the highest in nearly two and a half years. The difficulty level for how hard it is for miners to compete for …
Bitcoin Mining Jumps to Record Highs Post-Halving Read More »
One of the few publicly traded miner manufacturers has been suffering since the Bitcoin (BTC) halving. Canaan Creative, a Nasdaq-listed firm, closed at $1.98 on Monday to a 3.9% low. The trade price was apparently their lowest after the firm went public in November. Since the coronavirus pandemic began threatening and shutting down cryptocurrency mining …
Public Cryptocurrency Miner Suffers Post-Bitcoin Halving Read More »
Crypto firms like Fidelity’s digital asset subsidiary found a lot more institutional investors buying crypto-derivative offerings this year. The firm confirmed that 80% of their newest investors found the asset class’ appeal just recently. In the survey conducted earlier this year, institutions are increasing their portfolio allocation with Bitcoin as their top option. More than …
Coronavirus Skyrockets the Cryptocurrency Market Read More »
Bitcoin (BTC) investors are preparing for a controversial rival. Blockchain and analytics platform Blockchair claims there’s an altcoin coming for the top crypto crown within the next five years. The firm’s lead developer, Nikita Zhavoronkov, claimed that the new coin will have everything BTC lacks. This includes smart contracts, new privacy features, and scaling technologies. …
Ethereum Could Overthrow Bitcoin Within Five Years Read More »
Litecoin (LTC)’s Doji candlestick reflected much of the crypto market’s economic uncertainty this week. Bulls pushed the coin’s price up to $49.90 earlier in the day to pull back later on. For now, predictions remain biased to a bullish momentum throughout the week. If the coin closes above the near-$50 high, it could reach beyond …
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