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PayPal CEO Dan Schulman Says He is Bullish on Bitcoin As a Currency

Daniel Schulman, the Chief Executive Officer of PayPal, a leader in worldwide online payment systems, recently discussed some of his thoughts on the future of Bitcoin (BTC), and Central Bank Digital Currencies (CBDC). Speaking to CNBC’s Squawk Box, Schulman expressed his bullish disposition about Bitcoin noting that the use cases of Bitcoin in the long term … Continue reading PayPal CEO Dan Schulman Says He is Bullish on Bitcoin As a Currency

Ripple Releases One Billion Tokens from Escrow Again, Does This Influence XRP's Price Movement?

At the beginning of the month, Ripple released once again a total of 1 billion XRP from its Ripple escrow account in two separate transactions of 500 million XRP tokens each. How does Ripple’s XRP escrow account work? The move follows a practice Ripple has been keeping up since 2017, where escrow releases are carefully … Continue reading Ripple Releases One Billion Tokens from Escrow Again, Does This Influence XRP's Price Movement?

How Ripple-Backed Bitso Plans to Expand Cross-Border Crypto Remittance Services in Latin America

Ripple-backed cryptocurrency exchange Bitso has announced that it will expand its cross-border crypto remittance services in Latin America through a $62 million investment round. The investment round will be led by venture capital companies Kaszek Ventures and QED Investors. Bitso, the first cryptocurrency exchange to be established in Mexico, has also disclosed that with its … Continue reading How Ripple-Backed Bitso Plans to Expand Cross-Border Crypto Remittance Services in Latin America

XRP Slides by 10% as United States SEC Poised to Sue Ripple for Securities Law Violation

XRP has slid below the $0.50 level, down by 10% on leading exchanges, following the news that the United States Securities and Exchange Commission (SEC) will file a lawsuit against Ripple for allegedly violating securities laws with the XRP cryptocurrency. On a 24-hour basis, XRP has plunged by 17% on CoinMarketCap, as news that its … Continue reading XRP Slides by 10% as United States SEC Poised to Sue Ripple for Securities Law Violation

Already Driving Real-World Crypto Usage, Gleec Team Launches New Exchange

The global crypto ecosystem only expands as users realize the real-world applicability of digital assets and distributed ledger technology. Alone, the worldwide blockchain market size projects to grow to $23.3 billion by 2023 hinged on an 80.2% compound annual growth rate. Market size totaled $1.2 billion in 2018. Tangible and intangible asset management has also … Continue reading Already Driving Real-World Crypto Usage, Gleec Team Launches New Exchange

Tesla Has Cashed in $1 Billion from its Bitcoin Investment, says Analyst

Daniel Ives, an analyst at Wedbush Securities, has disclosed that Tesla is smiling all the way to the bank after cashing in approximately $1 billion in profits from its Bitcoin (BTC) investment. Tesla is going to make more Bitcoin profits Earlier this month, the American electric carmaker revealed a purchase of Bitcoin worth $1.5 billion, … Continue reading Tesla Has Cashed in $1 Billion from its Bitcoin Investment, says Analyst

Binance Follows Bybit in Appointing Top Compliance Official

Maxwell Baucus, former U.S. senator and ambassador to China, has joined Binance. The top official will become policy advisor and government liaison to the exchange. Given Baucus’s influence in US political circles, the move should support Binance’s expansion efforts within North America, where its Binance US platform operates. Curiously, news of the appointment comes two … Continue reading Binance Follows Bybit in Appointing Top Compliance Official

Circle Crypto Firm to Go Public in SPAC Deal Valuing At $4.5 Billion

Circle, a payment company and stablecoin issuer, has announced plans to go public later this year via a merger with Concord Acquisition Corp, a publicly traded special purpose acquisition corporation (SPAC). The crypto financial services company expects to close the deal in Q4 and value the firm at $4.5 billion. Circle is best known for co-creating … Continue reading Circle Crypto Firm to Go Public in SPAC Deal Valuing At $4.5 Billion

Iris Energy Bitcoin Mining Firm Files for Direct Listing on US Nasdaq

Iris Energy Bitcoin mining company, headquartered in Australia, has filed with the US Securities and Exchange Commission (SEC) for a direct listing on the Nasdaq stock exchange for this year. The Sydney-based firm launched by former Macquarie bankers brothers Will and Daniel Roberts expects the debut to happen in the fourth quarter of 2021, the filing … Continue reading Iris Energy Bitcoin Mining Firm Files for Direct Listing on US Nasdaq

Bitcoin Spot Exchange Reserves Dropped by 12,500 BTC in the Past 2 Weeks, Suggesting the Dip is Being Bought

Bitcoin (BTC) was up by 5.9% in the last 24 hours to hit $43,885 during intraday trading, according to CoinMarketCap. Earlier this month, BTC experienced a significant pullback that prompted a $10K loss as over-leverage factors dominated. The leading cryptocurrency dropped from the $52,000 level to the $42K area. As a result, the BTC spot … Continue reading Bitcoin Spot Exchange Reserves Dropped by 12,500 BTC in the Past 2 Weeks, Suggesting the Dip is Being Bought