PYPL Stock Up 2.54%, PayPal CEO Schulman Predicts $200M Crypto Volume in Months

Having adopted the largest digital asset, Bitcoin, PayPal can expect PYPL stock to rally alongside the ongoing crypto bull market. PayPal Holdings Inc (NASDAQ: PYPL) stock continued with its meteoric rise on Thursday after closing the day trading at $274, up 2.54%. PayPal stock added over 144.97% last year, thanks to the increased adoption of digital payments around the world. Besides, the payment giant announced plans to incorporate the crypto industry led by Bitcoin in its platform. PayPal currently supports cryptocurrency payment and also account funding with Bitcoin. The company’s…

Binance CEO Talks about Binance Smart Chain (BSC) after Burning Large Portion of BNB 

According to CZ, numerous reasons contributed to the BNB rally including the increase in the number of projects on the Binance Smart Chain (BSC). Binance has taken a very good step to burn a portion of its assets in circulation to contribute to the recent rally after it recorded massive growth on its Binance Smart Chain (BSC). According to their official announcement, the 15th quarterly BNB burn for the period between January and March saw the company burning a total of 1,099,888 BNB which is equivalent to $595,314,380. These periodic…

Blackrock CEO says crypto ‘may become a great asset class’ but is no substitute for currency

Despite the successful rollout of Coinbase’s stock yesterday, Blackrock CEO Larry Fink still expressed some concerns over the institutional adoption of crypto. In an interview with CNBC’s Squawk Box today, Fink said he was “encouraged by how many people were focusing” on crypto and the narrative surrounding it, but seemed to imply his views were largely unchanged in the wake of a major cryptocurrency exchange going public.  “[Crypto] may become a great asset class and I do believe this could become a great asset class,” said Fink. “I don’t believe…

Coinbase could see fee compression in long term, CEO expects

Coinbase CEO Brian Armstrong has addressed the platform’s transaction fees as the company’s shares list on Nasdaq today. In a CNBC Squawk Box interview on Wednesday, Armstrong discussed public concerns associated with Coinbase’s massive returns coming from transaction fees. As previously reported, nearly 96% of Coinbase’s entire revenue in 2020 was generated from transaction fees charged to users. When asked about the potential impact of greater competition on transaction fees on Coinbase, Armstrong said that the platform might see some fee reduction in the long term: “We haven’t seen any…

Bitcoin Price Captures a $64,895 High, Pantera CEO Says ‘BTC Rally Exactly Like Previous Halvings’ – Markets and Prices Bitcoin News

Cryptocurrency markets have been surging during the last 24 hours, as billions of dollars have flooded into the crypto-economy. Bitcoin’s value touched an all-time high (ATH) once again on Wednesday morning (EST), reaching $64,895 per unit. The latest price rise is leading up to the upcoming Coinbase direct listing on Nasdaq. Crypto-Economy Surpasses $2.2 Trillion in Value Digital currency fans are quite pleased on Wednesday morning, as a slew of new gains has been recorded across the entire crypto-economy. The entire crypto-economy is currently valued at $2.2 trillion and is…

CEO says PayPal’s crypto commerce may reach $200M volume in just months

As the price of Bitcoin continues to reach new all-time highs, major corporations with existing crypto offerings in place are beginning to discuss grand plans for the future.  Most recently, Dan Schulman, CEO of PayPal, hinted at future developments for PayPal’s crypto offering during Forbes’ “2021 Blockchain 50 Symposium: Crypto Goes Corporate,” an online event that took place on April 13. During a fireside chat with Michael del Castillo, associate editor at Forbes, Schulman mentioned that the financial system will undergo more changes over the next five years compared to…

Galaxy Digital CEO Questions Ripple’s XRP Holdings Worth $70B while Company Stands at $2-3B Valuation

The question on Ripple’s valuations and its XRP holdings came after XRP jumped over $1 despite the ongoing legal battle with the US SEC.  The valuation of Ripple is around $2 billion to $3 billion in the secondary market, but its total XRP holdings are reportedly worth about $70 billion. Ripple’s XRP holdings are much larger than the firm’s total equity. At press time. XRP has declined 6.17% to $1.34 in the last 24 hours. Also, the crypto asset has dropped more than 41% over the same period. Crypto Investor…

Crypto CEO “Convinced” Of Bitcoin Cycle Top, Warns Of Sell Side Intensity

Despite the best efforts by bulls for what has been several weeks now, Bitcoin price can’t seem to get back above $60,000 and spend any meaningful time above it. Fundamentals are as bullish as it gets for the top cryptocurrency, but bearish technicals might have finally caused sellers to step in. That’s according to one crypto company CEO, who has warned of sell side intensity increasing substantially in the last several hours. It’s caused them to be increasingly convinced that a cycle top is potentially in. Here’s a deeper look…

US Regulator Accuses Lbry Project of Selling Unregistered Securities, CEO Denies Charges – Regulation Bitcoin News

The Securities and Exchange Commission (SEC) has filed a complaint against the blockchain-based file-sharing and payment network called Lbry last week, as the U.S. regulator has accused the company Lbry Inc. of selling unregistered securities. However, the CEO of Lbry denies the project’s native tokens are securities and says the SEC’s logic will put a number of public blockchain projects at risk. US Regulator Accuses Lbry of Selling Unregistered Securities U.S. financial regulators have filed a complaint against another blockchain project as the SEC claims the company Lbry Inc. sold…

Coinbase CEO Brian Armstrong Releasing Electronic Music NFTs in Collaboration with DJ DAVI

Brian Armstrong has announced he will be releasing a collection of electronic music created in collaboration with DJ DAVI. He further confirmed that this will be released as NFTs, his announcement comes as the industry continues to capture major attention. Coinbase CEO Brian Armstrong on Wednesday announced the release of a collection of electronic music NFTs. With little knowledge about music production, he further confirmed that he collaborated with DJ DAVI for this release. These songs are set to be sold on Zora. co, a Coinbase Ventures portfolio company. Proceeds…