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“# Bitcoin market cap exceeds Canada’s M1 money supply once again ” Another day of gains for Bitcoin (BTC) has seen the price of the largest crypto by market capitalization go beyond the $1.1 trillion mark — $1.105 trillion to be precise. This market capitalization growth now means that Bitcoin’s market size has surpassed Canada’s…
“# Scottish music school accepts cryptocurrency as payment for lessons ” A Scottish music school will begin accepting cryptocurrency for tuition payments following demand from students, it was announced this week. The Morningside School of Music in Edinburgh said it was responding to suggestions from adult pupils in the school, many of whom now work…
“# PayPal to start letting US customers pay in Bitcoin at global merchants ” Online payments giant PayPal will start to accept cryptocurrency as a medium of exchange at its millions of global merchants, the firm’s president and CEO revealed on Tuesday ahead of a formal announcement. News broke regarding PayPal’s rumored decision to accept…
“# Bitcoin jumps past $59K as PayPal launches crypto payments at 29M merchants ” Bitcoin (BTC) neared $60,000 on March 30 after PayPal confirmed that it had formally launched cryptocurrency payments. BTC/USD 1-minute candle chart (Bitstamp). Source: Tradingview PayPal: Crypto is now “legitimate funding source” Data from Cointelegraph Markets Pro and Tradingview showed BTC/USD hitting a ten-day…
“# Digital ruble is ‘highest form of money’, Russian Bitcoin critic says ” Anatoly Aksakov, chairman of the Russian State Duma Committee on Financial Markets, believes that the country’s not-yet-launched digital currency is the “highest form of money.” In a Monday interview with state media RT, Aksakov expressed optimism about Russia’s upcoming central bank digital…
“# Three-quarters of circulating BTC last changed hands for less than $10,800 ” Research from on-chain analytics provider Glassnode has found that roughly three-quarters of circulating Bitcoin last moved on the blockchain when prices were below $10,800, suggesting most market participants are long-term holders. Glassnode’s March 29 ‘Week on Chain’ report found that 25.43% of…
“# Payments firm Nuvei launches support for 40 cryptos including Reddcoin and DOGE ” E-commerce merchants can now transact in nearly 40 cryptocurrencies through global payment platform Nuvei. According to the announcement, merchants partnered with the payment provider can use an array of cryptocurrencies to send and receive payments across 200 countries, including top assets…
“# Price analysis 3/29: BTC, ETH, BNB, ADA, DOT, XRP, UNI, THETA, LTC, LINK ” On Monday Visa Inc announced that it had launched a pilot program with Crypto.com to enable its partners to settle fiat transactions by sending USD Coin (USDC) stablecoin to Visa’s Ethereum address at Anchorage digital bank. This step by Visa shows…
“# Do $100K–$300K Bitcoin call options signal a bullish BTC price path? ” The open interest on Bitcoin (BTC) Dec. 31 call options between $100,000 and $300,000 reached an impressive 6,700 contracts, which is currently worth $385 million. These derivatives give the buyer the right to acquire Bitcoin for a fixed price, while the seller…
“# Institutional inflows into crypto hit lowest levels since October ” Capital flows into cryptocurrency investment products rose again last week, though the pace of growth has slowed since the start of the year, possibly marking a local top in institutional demand. Net inflows totaled $21 million for the week ending March 27, 2021, according…