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PayPal CEO: Our platform will ‘significantly bolster the utility of cryptocurrencies’

PayPal's new crypto services will streamline business adoption of digital assets, says CEO Dan Schulman. 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...

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Bitcoin is already outperforming the halving that sparked $20K all-time high

Bitcoin in 2020 is right between its 2016 and 2012 positions, data shows, as six-month performance sees 2.2 times gains. Bitcoin price has more than doubled since its latest block subsidy halving and is now outpacing its last bull run.Data compiled by on-chain monitoring resource ChartsBTC on Nov. 23 shows...

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Russia’s Gazprombank debuts Bitcoin trading in Switzerland

The Switzerland-based branch of a major Russian bank has also joined OpenVASP. Gazprombank Switzerland, a subsidiary of one of the largest banks in Russia, has piloted its Bitcoin (BTC) transaction service following regulatory approval by Swiss regulators.According to a Nov. 19 announcement, Gazprombank will provide its new cryptocurrency solution in...

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Bithumb crypto exchange temporarily closes some offices due to COVID-19

Bithumb’s offline support center in Gangnam is closing down due to COVID-19. Bithumb, the largest cryptocurrency exchange in South Korea, is preparing to close some of its offices due to the ongoing COVID-19 pandemic.According to an official announcement on Nov. 23, Bithumb will be temporarily suspending its offline support center...

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3 reasons Ethereum’s momentum is only accelerating as ETH nears $600

Ether price has surged above $580 in recent days, but the impending release of Ethereum 2.0 isn't the only catalyst driving the current rally. Alongside the high anticipation for Ethereum 2.0, the high time frame breakout and daily gas usage on Ethereum remain key positive factors.Eth2 momentum accelerates in correlation...

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