CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, CHAINLINK News
PayPal CEO: only 10% of customers have access to crypto services, there is a waiting list
Daniel Schulman provided additional information on cryptocurrency services that are coming in the coming months.
PayPal CEO Daniel Schulman said the major online payment processor will add many new cryptocurrency-related features early next year.
In the latest Fortune report, Schulman noted that the platform will enable cryptographic payments for goods and services from 28 million merchants. He assured that this would not entail “additional fees for either consumers or sellers.”
Paxful Launches Debit Card With New Partnership
A P2P cryptocurrency exchange announces that the card will initially only be available to US customers.
Peer-to-peer cryptocurrency exchange Paxful has launched a cryptoasset-based debit card with its new partner BlockCard.
According to an announcement published on November 2, the card will initially allow US users to spend their cryptocurrencies anywhere, but the company plans to expand this service globally in the future. Customers will be able to convert cryptocurrencies into US dollars, make purchases, receive a checking account, and withdraw funds from any ATM around the world.
Paxful Launches Debit Card
ETH Price Analysis: What’s Next With Ethereum After Another Bad Hit at $ 400?
Ethereum has dropped a total of 5% over the past week, and today it is down another 1%, bringing it to $ 383.
Ethereum struggled to break through the $ 416 resistance in early October, which led to a decline in the coin’s value last week. Over the weekend, Ethereum managed to bounce off $ 380 and climb to $ 390.
Today, the bulls rallied above $ 400, but the coin has since dropped to its current level of $ 380. It relies on support for an uptrend line from 5 weeks ago.
Decentralized Exchange Volume Drops 25% In October
Monthly volume on decentralized exchanges fell for the first time since April, according to Dune Analytics.
Aggregate trading volume on decentralized exchanges fell to $ 19.4 billion in October from $ 25.8 billion in September amid respite for speculative interest in decentralized finance apps and assets. Even long-awaited new entrants such as SushiSwap and Serum reported sales declining more than 60% in the last month.
Adjusted online Bitcoin sales in October reached its highest level since July 2019.
Adjusted transaction activity on the Bitcoin network peaked in October since last summer.
Adjusted online sales reached $ 92.09 billion, up from $ 77.69 billion in September.
The figure for October represents the highest level since July 2019, when the on-chain adjusted volume was $ 93.45 billion.
MicroStrategy now owns half a billion bitcoins
MicroStrategy Bitcoin holdings have exceeded $ 500 million.
Business intelligence firm MicroStrategy now owns over half a billion dollars worth of bitcoins as bitcoin prices have skyrocketed in the past few months.
Chainlink partners with Equilibrium
According to a Medium blog post on November 2, Equilibrium has selected Chainlink as its decentralized oracle provider.
By leveraging Chainlink smart contracts at its core, Equilibrium will be able to obtain the most accurate asset value for creating decentralized stablecoins, synthetic assets, lending and executing transactions. It will create a whitelist of validators that can provide data.
Hong Kong SFC Will Require All Cryptocurrency Exchanges To Be Regulated
The Hong Kong Securities and Futures Commission will require all cryptocurrency exchanges operating in the city to be regulated.
Ashley Alder, Chief Executive Officer of Hong Kong Securities Watchdog, said at Fintech Week on Oct.3 that the requirement will apply to all platforms, even if they don’t trade security tokens, according to a Reuters report.
SEC makes it easier for crypto startups to raise funds
The Securities and Exchange Commission is increasing its crowdfunding limits from $ 1.07 to $ 5 million.
The US Securities and Exchange Commission today raised its limit on proposals to regulate crowdfunding from $ 1.07 million to $ 5 million as part of a package of amendments to its incentive system. The move should provide cryptocurrency startups with more legal avenues to finance beyond venture capital.
Whale Alert: Over $ 400 Million Sent to Huobi
Over the past couple of hours, Tether has been sent to the cryptocurrency exchange Huobi for a total of $ 404 million.
Whale Alert, a popular service that monitors abnormally large transactions, just blinked a few times in the role. It caught three transfers totaling over $ 400 million, all of which were sent to the popular cryptocurrency exchange Huobi.
Two transactions were sent from an unknown address for a total of about $ 304 million, and another $ 100 million was sent from Bitfinex.
$ 400 Million Transferred to Huobi