In brief In November 2020, PayPal added cryptocurrency buying and selling features. You can buy Ethereum, Bitcoin, Bitcoin Cash and Litecoin on PayPal. You can spend your crypto at PayPal merchants, but can’t transfer it out of PayPal’s digital wallet. In November 2020, PayPal introduced crypto buying and selling features, enabling its 346 million users worldwide (starting with those in the US) to buy and hold Ethereum, Bitcoin, Bitcoin Cash, and Litecoin using its platform. PayPal users in… Source link

November 25, 2020 5 min read This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process. This story originally appeared on Alto Nivel By Guillermo Barba The narrative in bitcoin is cyclical, and given its extreme volatility, it is normal: when it plummets from highs, its detractors talk that the most popular of… Source link

The highly anticipated launch of Ethereum 2.0, or Eth2, is scheduled to take place next week. Specifically speaking, Eth2’s proof-of-stake blockchain known as “the beacon chain” has been confirmed to run alongside the Ethereum network starting Dec. 1.  Although some members of the blockchain community remained skeptical about a Dec. 1 launch date for the beacon chain, an impressive 524,288 Ether (ETH) from 16,384 validators has been deposited into the Eth2 contract. As such, there is… Source link

More than 500,000 ETH have been locked and loaded into Ethereum 2.0’s deposit contract, kick-starting the network’s major, multi-year development phase. JPMorgan analysts say institutions are piling into bitcoin. And the IRS has again sent out (possibly erroneous) letters to crypto traders indicating they owe taxes on unrealized gains.  Top shelf Taxman knockethThe Internal Revenue Service (IRS) is again sending mixed messages related to crypto trading and tax reporting obligations…. Source link

What’s behind this current run-up in the price of bitcoin? That’s a question for which many people want a definitive answer. So far, one unifying theory is tough to come by. What we do know is that since mid-October the price of bitcoin shot up from the $11,000 range to the cusp of $19,000. And while prices are a few hundred dollars shy of its all-time high, bitcoin’s market cap recently set a record by breaking above $345 billion; since the mega-rally in 2017, more bitcoin has been… Source link

Reuters/Lucas Jackson Bitcoin soared above $19,000 on Tuesday for the first time in nearly three years, bringing the cryptocurrency within spitting distance of its 2017 record. The price of bitcoin jumped as much as 3.3%, to $19,272.21, through the morning. Cryptocurrencies have garnered new interest from both Wall Street and Main Street in recent weeks as companies and traditional investors embrace digital tokens. The rally lifted other popular cryptocurrencies including Source link

Bitcoin (BTC) is currently having its second-highest trading day ever as BTC/USD is hitting a new multiyear high of $19,330.  Data from Cointelegraph Markets and TradingView provides a cause for celebration on Nov. 24 after Bitcoin suddenly tackled $19,000 resistance. BTC price sees second-best day ever Against a backdrop of rapid gains and the temptation of breaking all-time highs around $20,000, the achievement has not gone unnoticed on Bitcoin figures. Ryan Selkis, founder of data resource… Source link

Possible introduction of a velvet fork could create a bridge between Cardano (ADA) and Litecoin (LTC) blockchain. In conjunction with the NiPoPoWs the upgrade of Litecoin would allow the voluntary participation of miners with the Cardano network. Following the bullish sentiment in the market, Litecoin and Cardano have had a week of significant gains. At the time of publication, ADA and LTC  reached their annual highs at $0.16 and $89.52 respectively. In the introduction to the Litening… Source link

The price of Bitcoin (BTC) hit $19,000 on Nov. 24 for the first time since the historic rally in December 2017. Three key reasons are behind the dominant cryptocurrency’s strong momentum. The main factors buoying BTC’s ongoing rally is whale accumulation, decreasing exchange supply and explosive volume trends. BTC/USD weekly chart (Bitstamp). Source: Tradingview Whales are still accumulating Bitcoin All throughout November, Cointelegraph reported that whale clusters were steadily forming as… Source link

Bitcoin price remained in a range below the USD 18,800 resistance levels. BTC is holding the USD 18,200 and USD 18,000 support levels, but there are few bearish signs emerging. The price is currently (05:00 UTC) trading below USD 18,500 and it might soon attempt another upside break in the near term. In the past few sessions, there was a strong increase in most major altcoins, including ethereum, XRP, litecoin, EOS, XLM, LINK, BNB, TRX, bitcoin cash, and ADA. ETH/USD climbed 7% and it is… Source link