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,...

Japanese conglomerate Mitsubishi Electric is teaming up with Tokyo Tech to develop a blockchain-based peer-to-peer (P2P) energy trading system. From energy neighborhood concepts to rural electrification projects, blockchain technology continues to find significant adoption in efforts geared towards improving access to electricity across the world. Blockchain-based Digital Energy Platform Both...

Figure Lending has obtained a $100 million loan facility from leading U.S lender, JPMorgan for conforming and jumbo mortgages. The blockchain-powered mortgage platform claims it has secured $1.5 billion of lending facilities via five funding deals, according to a LedgerInsights report on January 15, 2021. Figure Gets $100 Million From...

Singapore, January 19, 2021 — Decentralized data network Bluzelle has confirmed the launch of its mainnet will take place on February 3. The debut of the Bluzelle network will mark the arrival of decentralized storage that can operate at massive scale, with super low latency, and with industry-changing anti-censorship features....

Shares of NASDAQ-listed EHang Holdings—an IOST's strategic partner since 2019, is up 500% in two months, a report on Jan 19 shows. EHang Holdings Shares Soar EHang Holdings is a Chinese manufacturer of drones enjoying success following increasing demand for unmanned aerial vehicles (UAVs). The rapid repricing of EHang Holding...

Bitstamp crypto exchange has now made it mandatory for its users who want to withdraw funds to external wallets to first undergo a know-your-customer procedure. The firm says the new measure is in a bid to comply with Netherlands anti-money laundering regulations.  Bitstamp Ups its KYC Game  While cryptocurrency big...

An online survey conducted by the International Monetary Fund (IMF), has revealed that a good number of people across the globe do not see central bank digital currencies (CBDCs) as a real alternative to national fiat currencies.  CBDCs Not Real Money  At a time when bitcoin (BTC) and other cryptocurrencies...

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...

Ethereum and the broader cryptocurrency market have seen mixed price action over the past few days and weeks. Ethereum Price is Surging Despite the selling pressure it has experienced at $1,200, ETH beat all odds and surged beyond $1,400, recording a new all-time high at $1,423.38.  At press time, the...

With the price of ETH crossing the $1,000 mark for the first time since 2018, the average gas fee on the Ethereum network set a new all-time high (ATH) on Jan. 4. Ethereum Gas Fees Almost Touched $20 According to data from YCharts on Monday (Jan. 4, 2021), the average...