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Fidelity Digital Extends Bitcoin Custody Services to the Asian Market

October 29, 2020 by Osato Avan-Nomayo at Bitcoin

Crypto custody in Asia is about to see a further expansion as Fidelity Digital Asset Services (FDAS) extends its services to the region. Fidelity Partners with Stack Funds to Offer Crypto Custody According to Bloomberg, Fidelity Digital is set to offer crypto custodial services to high-net-worth individuals and entities in...

Research: Investors’ Interest in Bitcoin (BTC) has Surged in 2020 Amid COVID-19 Crisis

October 28, 2020 by Ogwu Osaemezu Emmanuel at Bitcoin

Grayscale’s latest “Bitcoin Investor Study” has shown that the number of people interested in pumping in their hard-earned money into bitcoin (BTC) has increased significantly in 2020, as compared to last year. Bitcoin Getting Closer to Mainstream Adoption It’s no news that 2020 has been a relatively good year for...

LibertyX Adds Bitcoin Selling Feature Across U.S. ATMs

October 27, 2020 by Anthonia Isichei at Bitcoin

LibertyX, the U.S.-based company that installed the country’s first Bitcoin ATM, has expanded its services to include the BTC sell feature across 5,000 ATMs in the United States. Bitcoin Selling Now Available at 5,000 ATMs LibertyX made the announcement via a press release published on Monday (October 26, 2020). According...

Millennial Interest in Bitcoin gives It “Considerable” Upside Potential, Says JPMorgan

October 25, 2020 by Aisshwarya Tiwari at Bitcoin

Bitcoin holds “considerable” upside potential, writes JPMorgan. JPMorgan Sees Value in Bitcoin Slowly, then suddenly. That’s the narrative of the global cryptocurrency – specifically the Bitcoin market – over the past few months with several major companies exhibiting confidence in the premier cryptocurrency. In August this year, BTCManager reported that...

Paypal Is on the Market to Acquire Crypto Companies Including BitGo

October 24, 2020 by Evan Ezquer at Bitcoin

A day after the formal announcement of strategies for facilitating crypto services, the payment service provider PayPal is now said to be in talks to buy cryptocurrency companies including BitGo to support its position in the business. PayPal Is Looking to Buy Cryptocurrency Companies According to a report by Bloomberg,...

Paypal’s Move to Crypto Might Is not What it Seems, Here’s the ‘Catch’

PayPal’s Move to Crypto Is not What it Seems, Here’s the ‘Catch’

October 23, 2020 by Evan Ezquer at Bitcoin

Leading online payment processor PayPal confirmed on Oct 21 that it will offer cryptocurrency buying, selling, and storage services. Initially available for US customers, Paypal will offer the facility for Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. However, there are concerns that the custodial service is stripping Bitcoin and other cryptocurrencies...

StormX Launches New $1,000 Referral Bonus for Cryptocurrency Cashback Users

October 22, 2020 by Ogwu Osaemezu Emmanuel at Bitcoin

Singapore., Oct. 22, 2020 /PRNewswire/ -- StormX, the pre-eminent Crypto Cash Back and rewards platform, has just announced a new ambitious referral program for StormX — an app that allows users to earn Crypto Cash Back for shopping at over 500 online stores supported by the platform. As part of...

PayPal Has Filed a Patent for a Cryptocurrency Transaction System

Bitcoin Sets New 2020 High as PayPal Announces Crypto Adoption

October 21, 2020 by Anthonia Isichei at Bitcoin

The Bitcoin (BTC) price is making a move towards the $13,000 price mark buoyed by the news of PayPal allowing crypto transactions on its platform. Bitcoin had been trading in a tight-range at the $11,540 region as downward pressure from multiple sell walls at $12,000 preventing the top-ranked crypto from...

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Bitcoin May Break 20K Within 3 Months, But Risks of Volatility Remain High

October 21, 2020 by Guest Post at Bitcoin

After weeks of accumulation, Bitcoin finally touched $20,000 for the first time since August. This is the third time Bitcoin stands above $12,000 in 2020. The general sentiment in the Bitcoin market remains positive despite the traditional markets around the shown weakness amid uncertainties. Additionally, some analysts claim that Bitcoin...

LSE-Traded Mode Adopts Bitcoin as Reserve Asset

London Stock Exchange-Listed Company Buys Bitcoin as Reserve Asset

October 21, 2020 by Dalmas Ngetich at Bitcoin

The London Stock Exchange (LSE)-listed company, Mode Global Holdings PLC, is assigning 10 percent of their cash reserves to purchase Bitcoin. This is part of its treasury investment strategy, according to a statement on Oct 21. Mode Banking Joins Square and MicroStrategy The publicly traded Fintech Group now joins the likes of...

Bitcoin's Hash Rate Has Grown 61% in the Last Month, Breaks Above 100 EH/s

Bitcoin Hash Rate Down 10% after Mining Difficulty Increment

October 19, 2020 by Dalmas Ngetich at Bitcoin

The Bitcoin Hash rate--a measure of the amount of computation power channeled by miners to the network, is down 10 percent two days after the Bitcoin mining difficulty was increased by 3.62 percent on Oct 17. The Bitcoin Network Machine Often, the network hash rate falls whenever there is a positive readjustment....

Former Goldman Sachs Executive: CBDC the Biggest Financial System Overhaul Since Bretton Woods

October 19, 2020 by Dalmas Ngetich at Bitcoin

Raoul Pal, a former Goldman Sachs executive, is convinced Central Bank-backed digital currencies (CBDCs) are here to stay and represent the biggest overhaul of the global financial system since the Bretton Woods accord of the 1970s. BoE, IMF, and ECB take on CBDCs In a tweet shared on Oct 18, Paul points...

Bybit Launches New USDT Perpetual Trading Pairs with ETH, LTC, XTZ and LINK

October 19, 2020 by Ogwu Osaemezu Emmanuel at Bitcoin

Singapore, Oct 19, 2020 — Four new perpetual trading pairs, ETH/USDT, LINK/USDT, LTC/USDT, and XTZ/USDT, will be listed on crypto trading platform Bybit and begin trading from October 22, 2020. The new USDT pairs join the existing markets of BTC/USDT, BTC/USD, ETH/USD, EOS/USD, and XRP/USD on the Bybit exchange. The...

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