ETH smashes records, Bitcoin’s brilliant quarter, PayPal’s big move: Hodler’s...
Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link.Top Stories This WeekETH breaks record all-time high amid fresh price surgeEther? Record high! Binance Coin? Record high! Polkadot? Record high! Bitcoin? Flat as a pancake!Altcoins have been in the drivers seat this week, with Ether breaking $2,100 for the very first time besting the ATH of $2,036 that was set on Feb. 20. Curiously,....
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The online payment platform launched crypto trading for U.S. customers on Nov. 12. PayPal’s stock reached record highs on Monday, capping off a strong period of outperformance relative to the Nasdaq and broader U.S. stock market. Since Nov. 12, the technology-focused Nasdaq has gained around 6.5%. The broad S&P 500 Index of large-cap stocks is up 3.5% over the same period.PayPal stock's 3-month performance by barchart.comAlthough PayPal’s foray into crypto isn’t the only catalyst behind its vast outperformance, the merchant processor is well-positioned to capitalize on the growing adoption....
Insights from PayPal’s first quarterly earnings report since launching crypto services.
The Cryptopunks non-fungible token (NFT) collection has seen a new record as the NFT Cryptopunk #5822 sold on Saturday for 8,000 ether or more than $23 million. The new owner of the NFT, Deepak Thapliyal, the CEO of a blockchain firm called Chain explained that he used leverage via Compound Finance in order to acquire the NFT. Cryptopunk #5822 Sells for 8,000 Ethereum A new Cryptopunks record has been achieved on Saturday, February 12, 2022, when Deepak Thapliyal purchased Cryptopunk #5822 for 8,000 ETH worth $23.3 million using today’s ether exchange rates. Cryptopunks is a popular....
PayPal’s CEO believes crypto assets are forging a more equitable and inclusive financial system. During PayPal's Quarter 1 2021 investor update call, president and CEO, Dan Schulman said digital assets had performed strongly for the company and that he believes crypto and central bank digital currencies will be a driving force in forging “a more equitable financial system.”Following the success of PayPal’s move to embrace crypto assets, much of the call centered around the firm’s recent and future plans for digital assets.“We believe the current technological underpinnings of our financial....
Bitcoin.com spoke with a Wall Street trader on why PayPal’s centralized P2P payment system Venmo is preferred among his circle over Bitcoin to uncover what is preventing the cryptocurrency from breaking into the mainstream. It appears that the never ending stream of Bitcoin eulogies is not slowing down anytime soon, as the world’s first decentralized....