Day: February 6, 2021

Paypal Launches Business Unit Dedicated To Cryptocurrency – Fintech Bitcoin News

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Paypal is launching a new business unit dedicated to cryptocurrency services, the company chief executive officer Daniel Schulman announced this week. In an earnings call on February 3, 2021, Schulman said the existing financial system is outdated and that his firm will be investing a lot of money into blockchain and digital currencies. Schulman explained: We all know the current financial system is antiquated, and we can envision a future where transactions are completed in seconds, not days; a future where transactions should be less expensive to complete; and a…

Record $6.5B futures open interest signals traders are bullish on Ethereum

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Ether (ETH) price has rallied by 33% over the last five days and data shows that as this occurred some buyers began to use excessive leverage.  Although this is not necessarily negative, it should be considered a yellow flag as a higher premium on futures contracts for short periods is normal. ETH/USD 4-hour chart. Source: TradingView Although Ether’s upward movement has been going for an extended period, it was only in February that Ether finally broke the $1,500 psychological barrier and entered price discovery mode. To assess whether the market…

Coinbase / Coinbase Pro Tutorial Live Strea,

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Join me live as I walk you through how to use Coinbase and Coinbase Pro and how to set Limit buy orders for cryptocurrency Topics covered: How to deposit money into Coinbase How to transfer money from Coinbase to Coinbase Pro (and save you a ton in fees) How to set Market buy orders How to set Limit buy orders for cryptocurrency Become a channel supporter ❱ Financial Thing Facebook Group ❱ Receive My Top 5 Peer to Peer Lending List ❱…

Altcoin Market Cap On The Verge Of Life-Changing Breakout

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The top ranked altcoin, Ethereum, has broken its all-time high and like Bitcoin’s big breakout, it has attracted more and more participants to the cryptocurrency market. Valuations are rising everywhere, and the total altcoin market cap is on the verge of a life-changing breakout, if history repeats. And given the current momentum and FOMO across the market, a shocking surge is only weeks if not days away. Ethereum, Bitcoin FOMO, Reignite Crypto Market Bull Run Years ago, few knew of Bitcoin let alone Ethereum and the thousands of altcoins that…

Cryptocurrency Explained: Understanding "Double-spend", Block Re-Organization, & Consensus [Bitcoin]

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Today there were headlines about a “double-spend” in bitcoin! Many took that to mean that bitcoin has a catastrophic flaw (it doesn’t) or the network is not secure (it is) or that bitcoin is somehow broken (it’s not). Watch this video to learn the truth about what a double-spend is, what it’s not, and how to separate FUD from facts. tl;dw: Nothing abnormal happened. Chapters 0:00 Did a double spend happen on bitcoin? 1:31 What happened? 5:46 Miners are competing 18:53 2…

An Aggregated List of Cryptocurrency ‘Fair Values’ in 2021 Gives a Different Perspective – Economics Bitcoin News

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During the last decade, cryptocurrency users have leveraged a number of coin market capitalization aggregators, in order to check in on a crypto asset’s price and the project’s overall market valuation. However, there’s also a number of crypto price aggregators that follow a different method of recording market caps, in contrast to multiplying the supply by the price of each unit. The web portal coinfairvalue.com attempts to measure ‘fair values’ by using the current usage of each coin and without any implied speculation. Coinfairvalue.com Is a Lot Different Than Traditional…