Dan Dolev, an analyst with Mizuho, predicts PayPal to earn $2 billion in revenue by 2023 from Bitcoin alone, MarketWatch reported on Jan 15. Support for Cryptocurrencies is a Boost In late October, PayPal--a US-based payment processing company--announced their support for cryptocurrencies. They first allowed clients in the United States...

Bitcoin surged by 303% in the past year, breaking past its previous all-time high in Dec 2020. The growth was primarily spurred on by increased demand from the retail and institutional class amid mounting global inflation.  CoinGecko Report As per the 2020 CoinGecko yearly crypto report released on January 14,...

The world’s largest producer of palladium is the latest to join the Responsible Sourcing Blockchain Network (RSBN). Norilsk Nickel Joins RSBN According to a report by Ledger Insights on January 16, Russian nickel and palladium mining and smelting company Nornickel has now officially joined the RSBN with aim to tap...

Chinese backed blockchain project BSN has revealed plans to pilot the adoption of a global CBDC system in 2021. Central Bank Digital Currencies (CBDC) was the major talk in 2020 and it appears that the push will be greater this year. BSN developing a Universal Digital Payment Network (UDPN) BSN...

Grayscale CEO, Michael Sonnenshein has taken to Twitter to reveal that the firm raised a massive $700 million on January 15, 2021, a feat that has never been reached previously in a single day by the company. The asset management firm now has $27.1 billion in assets under management, from...

Nord Finance, a blockchain agnostic platform, is an advanced decentralized financial ecosystem that simplifies decentralized finance products for users by highlighting traditional finance’s key attributes. Deployed on the Ethereum Network, it integrates multi-chain interoperability, thus proposing a plethora of financial primitives, which constitute savings, advisory, loans against assets, investment/funds management,...

In a bid to combat the use of digital currencies as means of financing terrorism, a group of representatives from the Republican and Democratic Parties has introduced a bipartisan bill to the House on Jan 13, which seeks to create a task force focused on preventing the usage of cryptocurrencies...

On Jan 8, two legislators in Kentucky have recently submitted a bill that aims to make the US state a very attractive option for cryptocurrency miners in the form of tax breaks. Kentucky Crypto Mining Bill The proposal was submitted to the General Assembly, which would see Bitcoin and other...

The total crypto market cap added $82 billion to its value for the last seven-days and now stands at $1.008 trillion. The top 10 currencies showed mixed results for the same time period with Polkadot (DOT) and Chainlink (LINK) adding 83.7 and 34.3 percent to their values respectively while Bitcoin...

The total crypto market cap added $111.7 billion to its value for the last seven-days and now stands at $942.7 billion. The top 10 currencies were mostly in green for the same time period with Cardano (ADA) and Ripple’s XRP  adding 32.1 and 28.3 percent to their values respectively while...

Crypto analysts have predicted that the price of ether (ETH) may reach another all-time high in the coming weeks, if the current plunge of ETH reserves on centralized exchanges is anything to go by.  Ether Reserves Fall by 27 Percent in 48 Hours  It's no longer news that the bull...

Top cryptocurrencies Bitcoin and Ethereum have had an explosive start to the New Year. BTC has rallied to a new all-time high above $34K while ETH just broke above the $1K psychological barrier and seems poised to climb higher. According to Ethereum founder Vitalik Buterin, cryptocurrencies will continue gaining popularity...