Paypal Begin to Allow Cryptocurrency Usage

The text below is an advertorial article that was not written by Cryptonews.com journalists PayPal officially joined the cryptocurrency market on Wednesday, allowing customers to buy, sell and hold virtual coins using the US digital payments company's online wallets.

The Bitcoin Playbook: Double-Digit Rally -> Double-Digit Selloff -> Pump Again

After a double-digit rally, a double-digit selloff in the crypto market followed today - with altcoins taking the strongest hit, as is usual in this already tested crypto market playbook.

Former Microsoft Engineer Says Nigerian Expatriates Are Using Bitcoin to Circumvent Country’s Overvalued Exchange Rate

A former Microsoft software engineer and co-founder of Buycoins Africa Tomiwa Lasebikan says some Nigerians expatriates are now using bitcoin to circumvent the country’s overvalued exchange rate when sending remittances.

3 Reasons Why Bitcoin Price Fell From $19,500 YTD High

Bitcoin fell Thursday as a plethora of negative fundamentals catalyzed selling sentiments across the entire cryptocurrency market.

Coinbase warns users of connectivity issues due to Amazon AWS outage

The US-based exchange has told users that they may experience some intermittent delays or errors while transacting. Major United States-based cryptocurrency exchange Coinbase is experiencing “elevated error rates on some backend systems due to an AWS service outage" according to an official post on Nov.

Yearn Finance announces another ‘merger’ with the Cream lending protocol

Yearn users will be able to use their strategy pool tokens as collateral for lending. Two days after Yearn Finance (YFI) and Pickle Finance joined forces in DeFi’s first effective merger, Yearn founder Andre Cronje published details of another upcoming integration with Cream, a lending protocol similar to Compound and Aave. The blog post, published on Thursday, outlines how the two protocols will cooperate for the launch of Cream V2.

Reddit Users Fume at Details of PayPal Crypto ‘Lockout’ Case

A Reddit user has claimed they have been “permanently banned” from the PayPal platform “due to cryptocurrency buy/sells being treated as ‘item sales.’” Per a thread created by the Redditor, the PayPal customer claimed that they wanted others to be aware of what they called an “ignorance-fueled misunderstanding,” and claimed that they did not exceed any of

IOTA Launches Austria State-Backed Christian Doppler Laboratory for Blockchain Research

The IOTA Foundation is joining the new research laboratory for blockchain technologies for the Internet of Things (IoT) as an industrial partner.

3 Reasons Behind Bitcoin and the Crypto Market's Sudden Crash

Bitcoin whales have been shorting the cryptocurrency market.

BTC Price Analysis: Bitcoin’s Next Possible Targets If The Sharp Correction Continues

Bitcoin price has crashed hard today in the wake of OKEx announcing the reopening of withdrawals one day earlier than initially scheduled.

$80 Billion Wiped Off Total Market Cap as Cryptocurrencies Get Massacred

Bitcoin tanked by $3,000 in just a few hours, while the altcoins see nothing but double-digit drops.

$262 Million in Bitcoin Longs Were Liquidated in Just One Hour

A sudden drop in Bitcoin prices caused massive liquidations across some of the biggest crypto exchanges.

Swiss Digital Asset Bank Sygnum Launches Blockchain Alternative to Stock Exchanges

The Swiss-licensed firm has launched a tokenization service and a trading platform, offering, it says, real-time settlement.

Coinbase CEO Warns of 'Rushed' Wallet Regulation, Bitcoin Drops Below USD 17K

Brian Armstrong. The CEO of US-based major crypto exchange Coinbase, Brian Armstrong, caused quite a stir in the Cryptoverse when he warned that the outgoing Trump Administration is still not done with crypto regulation, possibly dealing it a massive blow as they exit the White House.

Joe Biden Considers Crypto-Friendly Former CFTC Chair Gary Gensler For Deputy Treasury Secretary

President-elect Joe Biden is considering Gary Gensler, the former Commodity Futures Trading Commission chairman, to become Deputy Treasury Secretary.

Ripple XRP’s Skyrocketing Price Performance Is Attributed to One Key Factor, Says Blockchain Analytics

XRP is all the rage lately, making headlines due to its relentless surge.

Binance Coin short-term Price Analysis: 26 November

Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Binance Coin, like many altcoins, has suffered first-hand, yet aga The post Binance Coin short-term Price Analysis: 26 November appeared first on AMBCrypto.

US Grants Crypto Startup Circle Authority to Use Stablecoin in Venezuela

Stablecoin (USDC) issuer Circle is partnering with the US government, crypto exchange Airtm, and exiled Venezuelan opposition leader Juan Guiadó, to attempt to deliver some much-needed relief in the form of USDC directly to Venezuelans.

Coinbase CEO Fears Rumored Regulations Proposed By The Trump Administration

Brian Armstrong believes that the US will fall behind other countries if it implements newly-rumored regulations offered by the Treasury Secretary.

South Korea’s Banking Giant to Co-create ‘Crypto Bank’ for Exchanges

South Korean banks are rapidly stepping up their crypto game, with Kookmin (KB), one of the biggest commercial banks in the country, co-creating a “digital asset management company” with a number of the nation’s leading blockchain players that will safeguard the bitcoin (BTC) holdings of corporate customers such as crypto exchanges. KB appears exceptionally keen to roll out

More Than 700,000 ETH Staked for Ethereum 2.0 Launch

The amount of Ethereum (ETH) locked up in the smart contract needed to transition to a proof-of-stake protocol from the current proof-of-work has surpassed the 700,000 mark.

PayPal Flags User’s Cryptocurrency Trades as “Risky” and Freezes Remaining Funds

A PayPal user leveraging the financial payment platform’s new crypto features is left indignant after his digital currency trades were flagged.

Experts say institutions drove Bitcoin's rise to $19K and that alt-season is coming

Market analysts are attributing Bitcoin’s sudden surge above $19,000 to aggressive demand from financial institutions and leading companies in the United States. Analysts are pointing to demand from financial institutions and publicly listed companies as the primary forces behind BTC’s sudden re-test of its all-time highs. “The primary reason for the steady grind up in Bitcon has been the increased interest and aggressive buying activity from institutions,” said Nick Cote of gamified trading platform Hxro Labs.

OKEx Resumes Withdrawals 5 Weeks After Freeze

The cryptocurrency exchangeis now reopening withdrawals five weeks after services were suspended due to a missing key holder.

Ethereum Has Entered a New Bull Market as ETH is Dwarfing Everything in the Crypto Space

Spencer Noon recently tweeted that ETH has entered a new bull market.

Crypto Whales Moving BTC to Exchanges Sees Bitcoin Price Bounce at $17,250

The Bitcoin price corrected fell and bounced at $17,250 as crypto whales moved their BTC to exchanges, presumably to cash in as BTC approached a new all-time high of $20,000.

More Than 700,000 ETH Staked for Ethereum 2.0 Launch

The amount of Ethereum (ETH) locked up in the smart contract needed to transition to a proof-of-stake protocol from the current proof-of-work has surpassed the 700,000 mark.

OKEx announces impending reopening of withdrawals

After a month of confusion and wariness, OKEx users have finally received the response they have waited for.

Top Crypto Analyst Warns Traders to Avoid Ethereum and XRP Euphoria – Here’s How to Time the Market, According to Michaël van de Poppe

Crypto strategist Michaël van de Poppe says traders should resist the fear of missing out (FOMO) and hold off on investing in XRP and Ethereum.

Charted: Ripple (XRP) Retreats Sharply, $0.50 Is The Key For Next Increase

Ripple retested the $0.7500 resistance level before a sharp decline against the US Dollar, similar to bitcoin and ETH.

Mike Novogratz says Bitcoin Volatility Will "Smooth Out" Due to One Major Factor

Bitcoin reached over $19,000 recently, and has set a new high for the year, and Bitcoin bull and Mike Novogratz recently said that “Bitcoin is for everyone.” (Read More)

Coinbase cries 'false' as it pre-empts NYT story alleging racial discrimination

A day after popular crypto-exchange Coinbase announced that it will be suspending margin trading in light of recent regulations, the exchange is in the news again after a statement revealed that the N The post Coinbase cries 'false' as it pre-empts NYT story alleging racial discrimination appeared first on AMBCrypto.

Bitcoin Slides Below USD 18,000, Altcoins Take Stronger Hit

Bitcoin price failed to clear the USD 19,500 zone and started a sharp decline.

Is Ripple’s Blockchain-Powered XRP Ledger Superior to SWIFT for Cross-Border Payments?

Ripple, compared to SWIFT payments network, may be a cheaper, more transparent, and more secure alternative for the future of payments and online banking.

Coinbase CEO Warns Exiting President Trump May Drop Crypto Wallet Regulation Bomb

Coinbase CEO Brian Armstrong shared rumors that the Trump Administration may rush crypto wallet regulations on traders with privacy-invading data-collection requirements.

TA: Ethereum Starts Corrective Decrease, Why Recovery Could Be Limited

Ethereum formed a short-term top near $620 and started a sharp decline against the US Dollar.

New analysis suggests Satoshi Nakamoto was a Londoner

A new take on an old investigation potentially sheds light on the whereabouts of Satoshi Nakamoto — at least while he was working on Bitcoin. A new report has determined that London was the most likely place Satoshi Nakamoto worked on Bitcoin between 2008 and 2010.

Bitcoin fees remain low despite price surge but Vitalik says they could soar

Bitcoin transaction fees are less than 10% of their 2017 highs, but Vitalik Buterin believes it’s only a matter of time before they soar back up. Despite Bitcoin’s surge to re-test its 2017 highs, a combination of low on-chain transactions and diminished retail speculation has seen transaction fees remain low. The current fees of around $3.50 per transaction starkly contrast with three years ago, when the fees incurred to send any amount of BTC briefly spiked above $50.

Cambridge and Oxford teams compete in algorithmic crypto trading contest

Teams representing the maths and science departments of the universities of Cambridge and Oxford are competing to design cryptocurrency trading algorithms.

Director of National Intelligence Warns US SEC of China’s Cryptocurrency Dominance

National Intelligence Director John Ratcliffe has warned the US Securities and Exchange Commission that China’s cryptocurrency dominance could put the US at a disadvantage.

Asset Manager Vaneck Launches Physically-Backed Bitcoin Exchange-Traded Note

On November 25, the asset manager Vaneck announced the launch of an exchange-traded product (ETP) called the “Vaneck Vector Bitcoin ETN.” The exchange-traded note is physically-backed by bitcoin and listed on the trading exchange Deutsche Böerse Xetra.

TA: Bitcoin Price Corrects 5%, Why Bulls Are Still Comfortable

Bitcoin price formed a double top pattern near $19,500 and corrected lower against the US Dollar.

Five Reasons Ethereum Has Entered a New Bull Market

Not only has Ethereum blasted its way to a 30-month price high, but several on-chain metrics are also indicative that the asset is definitely in a new bull market.

Judge rejects motion to freeze Cred's crypto assets in bankruptcy case

A US bankruptcy judge has rejected a motion to freeze the assets of beleaguered crypto lending service that was filed by its users.

Bitcoin Price Drops $1,000 Before Recovering in Sharpest Sell-Off in 3 Weeks

Bitcoin fell more than $1000 dollars, it's sharpest decline in almost three weeks, as panic gripped the markets.

Coinsquare exchange adds new board members

The additions to the board follow the confirmation of a new CEO, CCO, and COO in August. Coinsquare, a crypto exchange that has been under the scrutiny of Canadian regulators following allegations of wash trading, said it will be adding two new members to its board of directors. In a Nov.

Australian government embraces blockchain with new trial and public servants' network

Following the launch of a nationwide APS blockchain network for federal, state, and local staff, Australia has launched an international blockchain trial with Singapore. The Australian government is trialing the use of blockchain technology for inter-government document exchanges with Singapore as the latest action in a series of pro-blockchain efforts.

South Korea Plans to Postpone Cryptocurrency Tax Rule to January 2022

South Korea is planning to delay the implementation of its crypto income tax rules to January 2022, extending it from its previous time frame of October 2021.

Australia Uses Blockchain to Enhance Cross Border Trade With Singapore

The Australian Border Force (ABF) is launching a blockchain trial that is targeted at enhancing cross border trades with Singapore (Read More)

Coinbase CEO: Trump Administration May ‘Rush Out’ Burdensome Crypto Wallet Rules

Coinbase CEO Brian Armstrong publicly voiced concern that the outgoing Trump Administration may ram through onerous new data-collection requirements for crypto exchanges.

Bitcoin Rally Isn’t Just Institutional Driven, Emerging Markets Are Voting For Revolution

Bitcoin very well has the potential to be the successor to the dollar and the next global reserve currency.

Michael Novogratz: Bitcoin Is for Everyone and You Should Have 2-3% of Your Net Worth in It

Bitcoin bull Mike Novogratz believes that BTC is for everyone and that all investors should have a portion of their net worth invested in the crypto asset.

Biden considering Gary Gensler for Deputy Treasury Secretary

The former CFTC chairman is currently working as a financial advisor for the Biden-Harris transition team. With 55 days until his inauguration as President of the United States, Joe Biden is reportedly considering the former chairman of the Commodity Futures Trading Commission for a permanent position in his administration.  According to a Nov.

PayPal suspends user for crypto trading using Paypal’s own service

The user’s funds are reportedly under a 180-day hold.

Furious Abkhazian Villagers Forcibly Close Down Crypto Mining Farms

Crypto mining is threatening to draw a nation into chaos – with angry Abkhazian villagers reportedly taking the law into their own hands by kicking miners out of their regions. The latest development in the South Caucus-located de facto state has seen anarchic uprisings, with miners thrown out on their ears – and politicians apparently divided as to how to deal with

New Research Suggests Satoshi Nakamoto Lived in London Creating Bitcoin

The hunt for the mysterious Bitcoin inventor, Satoshi Nakamoto continues to this day, as new data-driven research has been recently deployed in order to figure out the creator’s location while he/she or they worked on the network.

US Spy Chief Reportedly Worried About China’s Crypto Dominance

The US Director of National Intelligence, John Radcliffe, has reportedly expressed concerns about China's strong focus on cryptocurrency.

Analyst: XRP Posts Failed Breakout as It Loses Its “Coil Power”

XRP has been caught in the throes of volatility as of late, with much of this greatly favoring bulls The crypto saw a parabolic upswing earlier this week that caused its price to multiply over the past few days This intense upswing has slowed down, and the lack of any fundamental catalysts backing this movement […]

Binance Coin, Monero, Compound Price Analysis: 25 November

Bitcoin Dominance hit 62% after a bounce from 61.5% over the past 36 hours.

Galaxy Digital CEO recommends investing up to 3% of one's net worth into Bitcoin

“Look at it in five years, and it’s going to be a whole lot more," opined Novogratz. With the price of Bitcoin continuing to test support around $19,000, Galaxy Digital founder and CEO Mike Novogratz recommends HODLing until 2025. In a Yahoo Finance Live interview published on Wednesday, Novogratz said that the current Bitcoin (BTC) rally is being fueled by institutions and high-profile investors “slowly getting into the space.” He cited companies like PayPal and Square adopting crypto, as well as billionaire Stanley Druckenmiller recently suggesting the digital asset may pay out more than gold. “Bitcoin has become a macro asset to hedge against the debasement of fiat currency both here in the US and abroad,” said Novogratz.

Oxford, Cambridge Students Compete to Make Money on Crypto Markets

Students from the Universities of Oxford and Cambridge are battling to produce the best crypto trading algorithm.

Lithuania Rakes in 6.4 Million Euros From Selling Seized Cryptocurrencies

Lithuania’s tax authority has sold the cryptocurrencies it previously seized for 6.4 million euros (approximately $7.6 million).

Libra association appoints Saumya Bhavsar as general counsel of Libra networks

Libra Association, the independent member organization, which is overseeing Facebook’s Libra project, has appointed Saumya Bhavsar as General Counsel of Libra Networks, which is a wholly-owned subsi The post Libra association appoints Saumya Bhavsar as general counsel of Libra networks appeared first on AMBCrypto.

Litecoin, IOTA, Ethereum Classic Price Analysis: 25 November

The past twelve hours saw the altcoins mirror Bitcoin's movement.

US Senator-Elect Cynthia Lummis Wants Congress to Leave Bitcoin Alone

US senator-elect and former Wyoming state treasurer Cynthia Lummis says states should lead the way in creating policies that allow Bitcoin to function the way it was designed.

Ethereum Transaction Fees Rising Hints At DeFi Season Round Two

Over the summer months, Ethereum transaction fees ran hot, causing the DeFi trend and Uniswap token swapping boom to finally run out of steam.

Deloitte: Financial institutions to boost future blockchain spending

A representative from the company expects 2021 to be "a breakout year for blockchain." Many financial institutions are poised to increase their blockchain spending in 2021, according to an upcoming survey from Deloitte titled Financial Services Industry Outlooks 2020. Preliminary results shared with Cointelegraph indicate that 27% of the institutions surveyed expect a “slight increase in spend” for blockchain and distributed ledger technology, while 14% are expecting a large increase.

Some Are Calling All-Time Highs for Bitcoin. Here’s Why CoinDesk Hasn’t Yet

In a fragmented global market, price quotes are all over the place.

Despite New Incentives to Stay, Some of OKEx’s Chinese Users Are Determined to Leave

Some OKEx's users in China are determined to leave the exchange despite new incentives designed to keep them.

The Most Bullish Bitcoin Arguments for Your Thanksgiving Table

This year, come prepared to explain the asset that has everyone from famous financiers to political dissidents talking about a money revolution.

Bitcoin vs. Ethereum Fight Escalates amid Fresh Capital Entering the Space

In the past month alone, bitcoin (BTC) price has increased by approximately 48% while ethereum (ETH) has seen its value balloon by 52%.

Facebook’s Libra hires former OCC prosecutor and central bank expert

The Libra Association has made a key hire in its pursuit of a new cryptocurrency and payments system.

Price analysis 11/25: BTC, ETH, XRP, BCH, LINK, LTC, ADA, DOT, BNB, XLM

Bitcoin and most major altcoins could consolidate for a few days before starting the next big move. The crypto market has been in a strong bull run over the past few days, and that has pushed Bitcoin (BTC) to its second-best day ever.

Wrapped Filecoin Comes to DeFi on Ethereum

Crypto custody provider Anchorage is helping bring wrapped Filecoin tokens into the DeFi ecosystem.

Retail Crypto Trading Soars In Africa and Asia + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Crypto adoption news Marcus Swanepoel, Founder of UK-headquartered crypto exchange Luno, recently acquired by the Digital Currency Group, said that their retail volumes in South Africa, Malaysia, Nigeria, and Indonesia all

Data clarifies why 2020 is a defining year for Bitcoin

The entire asset class is tied together.

XRP, Dash, BAT Price Analysis: 25 November

The bullish sentiment has not yet abated in the altcoin markets as many coins saw a dip in price.

Coinbase Abruptly Ends Margin Trading, Says Clear Regulations Needed for US Traders

San Francisco-based crypto exchange Coinbase is ending its margin trading services today due to new regulatory guidance by the Commodity Futures Trading Commission (CFTC).

DoJ makes fintech giant sell Credit Karma's tax wing to Square before $7.1B acquisition

Intuit, which also owns TurboTax, can't hold all the keys to consumer tax software, the DoJ says. Per an announcement and series of filings on Wednesday, the US Department of Justice is calling shenanigans on Intuit's ambitions, at least in part. Intuit owns a stable of user-facing finance software, including budgeting app Mint, digital DIY tax software TurboTax, and QuickBooks, for business accounting.

Can China's DCEP Challenge Bitcoin?

China is powering ahead with its DCEP central bank digital currency—but what are the implications for its decentralized rival, Bitcoin?

US Intelligence Community is Worried About China’s Digital Currency

America’s intelligence community has raised concerns with the SEC about the China’s digital currency influence.

‘Bypass’ Attack in Coldcard Bitcoin Wallet Could Trick Users Into Sending Incorrect Funds

Bitcoin hardware wallet Coldcard is fixing a flaw that could trick users into sending bitcoin on the mainnet when they meant to use its testnet.

Blockchain Bites: Coinbase Cuts Margin Trading, Binance Sweeps US Clients, OKEx Offers Rebates

Coinbase has also changed the way it will alert clients to relevant tax information.

Long in China’s Shadow, the US Is Becoming a Bitcoin Mining Power Again

Following a string of investments, miners are increasingly optimistic about prospects for the US market in 2021.

Polkadot, EOS, Dogecoin Price Analysis: 25 November

The Crypto Fear and Greed Index rose to 94 as Bitcoin and altcoins posted further gains over the past eight hours.

Bitcoin Cash Long Term Price Analysis: 25 November

Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Polkadot’s short-term market and its impact on the price Bitcoin's hard fork, Bitcoin Cash has been The post Bitcoin Cash Long Term Price Analysis: 25 November appeared first on AMBCrypto.

US intelligence chief concerned about Chinese dominance in cryptocurrency

US Director of National Intelligence John Ratcliffe wrote a letter to US SEC Chairman Jay Clayton earlier this month about concerns pertaining to the Chinese influence over cryptocurrencies.

Major Australian Investment Firm Moves From Negative-Yielding Assets Like Gold to Bitcoin

A billion-dollar Australian investment management firm has gotten into bitcoin, citing that the cryptocurrency is superior to gold.

Fidelity Executive Says Investment Giant Will Support Ethereum, Launch Bitcoin and Crypto Trading Services for Retail Clients

The head of sales and marketing at Fidelity Digital Assets, Christine Sandler, says Fidelity will greatly expand its crypto offerings in the future – the big question is when.

Why Ethereum and Altcoins Faced Carnage As Bitcoin Hit $19,500

The ongoing Bitcoin rally brought investor interest back to altcoins in a big way, but as soon as the top-ranked cryptocurrency made it above $19,000, it has been nothing but carnage for Ethereum and the rest of the altcoin space.

‘BitcoinTuesday’ to become one of the largest-ever crypto donation events

BitcoinTuesday is aligning crypto awareness with public good in this one-day charity event.

Bitcoin faces this final resistance zone before $20K all-time high

Bitcoin is nearing its all-time high but there is one remaining resistance area that buyers must push through. Bitcoin (BTC) traders are pinpointing the order books of major exchanges that show the $19,500 level is a near-term resistance level.

Bitcoin Miners Earn $353 Million in One Month

The daily revenue of Bitcoin miners reached over $21 million in November—returning to pre-halving levels.

Square Agrees to Buy Credit Karma’s Tax Preparation Service for $50M

Cash App will make the DIY tax-prep software available for free to its 30 million monthly users.

Libra Association Taps Saumya Bhavsar as General Counsel for Payments Subsidiary

Bhavsar joins the Libra Association after 25 years in public- and private-sector banking regulation roles.

First Mover: Why Bitcoin Isn’t a Replacement for Gold Just Yet

Bitcoin's price is approaching a new all-time high, but bitcoin is not yet the replacement for gold many think.

VanEck Opens Another Bridge To Bitcoin For European Investors

Today, VanEck Europe, an arm of US-headquartered major US asset manager VanEck, launched its crypto exchange-traded note (ETN), tradable via Deutsche Börse Xetra, targeting investors in Germany, the Netherlands, and the UK.

Asset manager VanEck lists Bitcoin ETN on Deutsche Börse Xetra

New York-based investment management firm, VanEck has listed a Bitcoin exchange-traded note (ETN) on Deutsche Börse Xetra, a product that allows investors to participate directly in the performance o The post Asset manager VanEck lists Bitcoin ETN on Deutsche Börse Xetra appeared first on AMBCrypto.

ETH Price Analysis: Ethereum Struggles At $600, Is Correction Inbound?

Ethereum saw a small 1.7% price drop today as it falls back toward the $600 level.

US intelligence is looking at Chinese CBDC as a national security threat

The Director of National Intelligence wants to have the SEC’s leader briefed on the dangers of the US falling behind in crypto.