The logo of online payment company PayPal is pictured during LeWeb 2013 event in Saint-Denis near … [+] Paris on December 10, 2013. AFP PHOTO ERIC PIERMONT (Photo by Eric PIERMONT / AFP) (Photo credit should read ERIC PIERMONT/AFP via Getty Images) AFP via Getty Images OBSERVATIONS FROM THE FINTECH SNARK TANK PayPal announced that it has been granted a conditional Bitlicense by the New York State Department of Financial Services (NYDFS). The license will… Source link

In brief In early October Sam Bankman-Fried, the CEO of FTX, which operates the decentralized crypto exchange Serum, predicted that a surge in trading volume on Ethereum-based DEXes wouldn’t last. Volume fell sharply across DEXes in October. On Decrypt’s podcast, he explained how he identified what he calls “fake volume”. At the LA Blockchain Summit in early October, Sam Bankman-Fried, the CEO of crypto exchange FTX, said that a summer surge in volume on Ethereum-based DEXes was… Source link

Three factors likely triggered a quick decline in the price of Bitcoin (BTC) on Oct. 25. First, traders pinpoint the $13,300 to $13,500 area as a major resistance range. Second, futures and options markets are neutralizing. Third, weekend trading is seemingly amplifying volatility. The $13,300-$13,500 range is a key resistance area for Bitcoin in the short term Before the sudden price drop occurred, BTC soared from $13,127 to $13,350. The dominant cryptocurrency rallied swiftly to an area of… Source link

Earlier this week, Bitcoin (BTC) advocate and Real Vision CEO Raoul Pal said gold is breaking down against BTC. If the dominant cryptocurrency continues to gain momentum against BTC, it could strengthen its perception as a store of value. In the past month, the price of Bitcoin gained 30.36% against the U.S. dollar, from $10,136 to $13,217. In the same period, gold has gained about 2.25%, from $1,863 to $1,903. Gold slumps against Bitcoin. Source: Raoul Pal, Bloomberg Why is Bitcoin… Source link

A senior strategist with Bloomberg Intelligence says that he does not see what’s going to stop bitcoin from appreciating. He explains that as bitcoin matures, it will trade more like gold than stocks. The strategist also shares his view on how the November presidential election could affect the price of bitcoin. Bitcoin Will Keep on Appreciating Bloomberg Intelligence’s senior commodity strategist Mike McGlone told… Source link

JPMorgan, the $316 billion investment banking giant, said the potential long-term upside for Bitcoin (BTC) is “considerable.” This new optimistic stance towards the dominant cryptocurrency comes after PayPal allowed its users to buy and sell crypto assets. JP Morgan, from “Bitcoin is a fraud and will blow up” in 2017 to “Bitcoin’s competition with gold” in 2020. We’ve come a long way. pic.twitter.com/xceabkHaVJ — Krüger (@krugermacro) October 24, 2020 The main factor put forward by… Source link

Mode, a London Stock Exchange-listed company that brands itself as a “bitcoin banking app,” has revealed it now holds around £750,000 ($980,000) worth of bitcoin after announcing plans this week to put 10% of its cash reserves into the cryptocurrency. Mode has become the first publicly-traded British company to put bitcoin on its books, making the announcement hot on the heels of Jack Dorsey-led payments company Square SQ . MORE FROM FORBESPayPal Just Gave 346 Million People A New… Source link

The Bitcoin hype machine is back in overdrive. The digital token spiked above $13,000 this week for the first time in over a year, touching off Twitter dance parties, new sky-high predictions and even some tattoo flashing. Back are proclamations that crypto is the currency of the future, that the dollar’s days are numbered and blockchain will reorder… Source link

Ethereum is close to becoming the first blockchain to process $1 trillion this year ETH price is trading 8.7% in the green as buyers work to secure the highest weekly close since August A pullback to $395 would offer a chance to buy ETH at a solid risk-reward level Ethereum (ETH) price is on its way to secure the biggest weekly gains in over 2 months after the world’s second largest digital asset broke above the intraweekly resistance line.  Fundamental analysis: The first… Source link

According to Whalemap, there are three major Bitcoin (BTC) whale clusters in the near term that might serve as key technical levels. The $11,857, $12,256 and $12,868 levels would likely act as important support and resistance areas. In previous cycles, whale activity coincided with significant price movements at crucial technical levels. For instance, Cointelegraph reported that a whale sold at $12,000 after “HODLing” for years. In the next few weeks, BTC dropped to sub-$10,000. Bitcoin… Source link