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“# Publicly recanted! Luminaries who came to terms with crypto in 2020 ” Humans, being only human, tend to hang on to their cherished beliefs — even in the face of overwhelming contradiction. That’s why recantations — that is, public acts of refuting a previously held opinion — are so rare. This year, however, has…
“# Paxos seeks approval to become fully-regulated crypto bank ” Stablecoin creator and crypto services provider Paxos filed an application to open a national bank on Wednesday. If approved, the pioneering Paxos General Trust will be headquartered in New York, licensed to hold cryptocurrencies and execute the duties of a regular trust bank. According to…
“# Every asset manager must understand Bitcoin — Erik Voorhees ” Shapeshift CEO Erik Voorhees has drawn a metaphorical line in the financial sand, stating that every asset manager should understand Bitcoin now based on its astonishing rate of return. Voorhees made the comments while retweeting data shared by analytics platform Messari co-founder Dan McArdle…
“# BlackRock CEO: Bitcoin has caught our attention ” Blackrock CEO Larry Fink says Bitcoin (BTC) is on his company’s radar following the cryptocurrency’s rapid appreciation over the past few months. Speaking at the Council on Foreign Relations Tuesday alongside former Bank of England Governor Mark Carney, Fink reportedly said: “Bitcoin has caught the attention…
“# PayPal CEO calls on crypto industry to work hand in hand with regulators ” There is no other way for the cryptocurrency industry to thrive without working hand in hand with regulators, PayPal CEO Dan Schulman believes. On Dec. 2, Schulman joined the Web Summit online conference to discuss the cashless era of the…
“# PayPal suspends user for crypto trading using PayPal’s own service ” A PayPal user reports their account has been restricted after they traded crypto too frequently using the platform. According to U.S.-based Reddit user TheCoolDoc, PayPal sent them a message stating that it had permanently limited their account “due to potential risk.” The user…
“# PayPal CEO: Our platform will ‘significantly bolster the utility of cryptocurrencies’ ” PayPal’s chief executive believes cryptocurrencies are on the verge of mainstream adoption as more businesses and consumers flock to “digital payments and digital forms of currency.” In an interview with CNBC, PayPal CEO Dan Schulman said the COVID-19 pandemic has accelerated the…
“# Bitcoin shortage is real, and PayPal is the cause, Pantera Capital claims ” PayPal’s entry into the cryptocurrency market could be having a dramatic impact on the Bitcoin (BTC) price. In a newly published report, crypto investment firm Pantera Capital says a Bitcoin shortage is at the heart of the recent price surge and…
“# Bitcoin price breaks past $18.8K as bears and bulls map out its path ” There are both bearish and bullish scenarios for Bitcoin in the foreseeable future. The bear cases surround two key data points: rising BTC deposits from whales to exchanges and BTC’s lack of retests of crucial support levels. The bull cases…
“#Bitcoin’s valuation surpasses $18,000 for first time since 2017” Bitcoin’s recent rally is showing no signs of slowing, with investors briefly pushing the digital token’s value past the $18,000 mark. The cryptocurrency’s valuation hit a level it hasn’t seen since December 2017, with a single bitcoin changing hands for as much as $18,488 early Wednesday. Bitcoin’s…