Day: February 4, 2021

PYPL Stock Up 5% in Pre-market, PayPal Posts Impressive Q4 Results

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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 firm recorded 40.9 transactions per active…

GameStop (GME) Stock in Green after Eroding 80% of Investors’ Wealth in a Week

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GameStop stocks have tumbled all their way down south after last week’s retail frenzy. The SEC has already started investigating the matter looking into the possible players involved in the GME price pump. The brick-and-mortar video game company GameStop Corp (NYSE: GME) created a massive buzz on Wall Street as a group of Reddit-based retail investors skyrocketed the stock last week. These retail investors triggered massive buys against hedge fund shorts leading the latter to billions of dollars in losses. However, it seems that all the frenzy around Gamestop (GME)…

$600M Bitcoin Casino Breathing New Life Into FUN Token

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Looking for a new cryptocurrency to invest in? As Bitcoin ranges around the astronomical $35,000 mark, more and more people around the world are getting excited about crypto. Newcomers are looking for the next coin with massive upside potential, while seasoned crypto-enthusiasts are searching for their next investment opportunity. Here’s a cryptocurrency that could be both. The FunFair Token (FUN) FUN is an ERC-20 token that represents the core of the FunFair technology ecosystem. Created in 2017, FunFair is the leading provider of blockchain-powered casino technology to the iGaming sector.…

Bitcoin Ready to Flip Gold with $50K in Sight

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An estimate of Bitcoin’s volatility index from the last 60 days shows that it’s been around 4.61%. In the wake of a new digital era, Bitcoin is quickly becoming the champion. In its rise, it is becoming evident that gold has no place in the new world. Bitcoin just edges gold in every attribute and with Bitcoin dropping its infamous volatility, adoption coming at it from an institutional approach, the future has never looked brighter. So is Bitcoin about to flip Bitcoin? Bloomberg’s Mike McGlone certainly thinks so. In a…

Bitcoin will likely reach $60K in 2021, says Investing.com analyst

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Bitcoin (BTC) is likely to hit $60,000 in 2021 amid the growing mainstream adoption, according to an analyst at major financial publication Investing.com. Jesse Cohen, a senior financial analyst at Investing.com, predicted that Bitcoin will likely reach a $60,000 level in the first half of 2021. According to Cohen, Bitcoin’s growth in 2021 will be fueled by support from institutional investors combined with the “flush of ultra-cheap money being pumped into the global financial system” by global central banks like the United States’ Federal Reserve: “After a record-breaking year in…

Bitcoin Fails to Push Past $38K on Stronger Dollar, Higher Yields

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Bitcoin slipped heading into the European session Thursday as traders booked profits from its recent price rally. The benchmark cryptocurrency briefly crossed over $38,000, a wave high it breached last Friday after gaining open endorsement from Tesla founder Elon Musk. The move upside also appeared as a broader recovery trend that saw the Bitcoin price surging from $32,200 on January 31 to as high as $38,769 as of Thursday. Bitcoin trades lower after briefly closing above $38,000. Source: BTCUSD on TradingView.com Bitcoin trades lower after briefly closing above $38,000. Source:…

How adoption became a reality in 2020

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Germany has a very diverse, active blockchain ecosystem of companies and enthusiasts, especially in the city of Berlin. And an important step in the development of this ecosystem has been taken by the federal government itself, which tries to preserve and promote the vibrant blockchain ecosystem to continue its growth and make Germany an attractive opportunity for investment in this field. Comprehensive, sound regulation To further this goal, the German government adopted a national blockchain strategy back in September 2019 to support its commitment to the use of the technology.…

Bitcoin HODLers Rise to a 3.5 Year-High, control $117.2 Billion of BTC

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Bitcoin addresses, classified as HODLing, now control a whopping 2,851,608 BTC or roughly 15 percent of the total supply, GlassNode records directly reveal. A Bitcoin HODLer Paradise The expansion of HODLer addresses is presently at a 3.5 year high, adding 22 percent year-on-year. Last week alone, 80k BTC were moved to HODLing addresses. The migration comes when BTC/USD prices moving within a $10k range, oscillating between $30k–on the lower end, and around $42k–the digital asset’s all-time high, hinting at broader confidence in the crypto market. What is an Accumulation Address?…

DeFi gets shiny new money Lego parts, Jan. 27–Feb. 3

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Finance Redefined is Cointelegraph’s weekly DeFi-centric newsletter, delivered to subscribers every Wednesday. The end of January saw a string of interesting announcements from projects building innovative products that may well push DeFi forward. And more price gains of course. To briefly touch on the market side of things, this does feel like a much quieter rally than three years ago. Most things are going up, with some DeFi projects being particularly lucky, but it’s nowhere close to the insane gains we saw early in 2018. Although Dogecoin did set a…