UK to become first non-US market to get PayPal’s crypto products

Digital payment giant PayPal has concluded plans to offer its recently-launched cryptocurrency services to the United Kingdom. When it receives regulatory approval, it will be the first time PayPal is offering the service to a non-US market.

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PayPal’s Crypto Products Coming to the UK in Months

The U.K. will be the first market outside the U.S. for PayPal's crypto products.

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Institutional Demand in Bitcoin is Increasing at an ‘Accelerating Pace’ in 2021: Grayscale CEO

The crypto market is still buzzing off Tesla’s $1.5 billion bets on Bitcoin as the company designated 7.7% of its cash reserves to purchase Bitcoin (BTC) last month. In an interview with CNBC’s Squawk Box on Wednesday, Grayscale CEO, Michael Sonenshein, said this latest trend of institutions such as Tesla, Square, PayPal, and Twitter adding […] The post Institutional Demand in Bitcoin is Increasing at an ‘Accelerating Pace’ in 2021: Grayscale CEO first appeared on BitcoinExchangeGuide.

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India’s Central Bank RBI Close to Digital Currency Decision as Paypal Exits Indian Payments Market

The Reserve Bank of India (RBI) is actively working on a digital currency and will make a decision “very soon,” the central bank has reportedly confirmed. Meanwhile, payments giant Paypal is shutting down its payment services within India.

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Bitcoin Undergoing “Supply Shortage” as Retail Demand Is Skyrocketing

Bitcoin is being bought en-masse by retail investors amid this strong rally higher, market data shows. Recent analysis found that PayPal’s addition of cryptocurrency purchases could be a key factor behind BTC’s rally to $28,000.

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Bitcoin: Is $50K Too Big A Dream?

Bitcoin and the entire cryptocurrency market have been facing selling pressure in the past few days. Bitcoin price set a new record of $24,000 per coin, more than doubled in the last few months.  It is generally agreed that the recent rally is initiated by institutional investors and big companies such as Paypal.  While someRead More

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Charles Cascarilla: PayPal Whisperer

PayPal pumped excitement into the bitcoin market this year. And on the back-end of every purchase is Charles Cascarilla's Paxos.

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Decentralized Finance: What’s Hot in Q4 2020

2020 has been a strong year for the cryptocurrency industry, to say the least. With trading volumes on many exchange platforms reaching record highs, massive institutional investments aplenty, and PayPal recently launching its own cryptocurrency service the market has been sent into a meteoric uptrend.

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Survey Says 65% of PayPal Users Primed for Bitcoin Adoption in Retail Shopping

US PayPal users are gearing up to use Bitcoin as a funding source for online shopping which is the exact purpose for which the payments giants adopted cryptos in the first place. PayPal’s 2020 cryptocurrency foray is seen as one of the triggers for the current bullish streak that has seen the total market capitalizationRead MoreRead More.

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Will PayPal users be able to start gambling in Crypto casinos

It’s a said and done deal that by the end of this year global payment mogul company PayPal will be officially entering the cryptocurrency market, with the addition of most of the popular cryptocurrencies into its brand-new payment option capabilities.

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PayPal CEO says cryptocurrencies could see more utility soon

After PayPal emerged as a significant player in the Bitcoin market, after its decision to offer PayPal customers the ability to buy and sell BTC among other cryptocurrencies, the payment giant’s PreThe post PayPal CEO says cryptocurrencies could see more utility soon appeared first on AMBCrypto.

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Bitcoin Shortage? Pantera Thinks Market Rally Driven by PayPal Buys

PayPal’s recent leap into the crypto market is helping to drive the current bitcoin rally, according to Pantera Capital.

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Crypto Market Forecast: W/C 16th November 2020

A curated weekly summary of forward-focused crypto news that matters. This week, Paypal doubles down on support for crypto - nudging Bitcoin up to $16,500, only one survivor emerges from the Bitcoin Cash hard fork, and an incoming Republican senator who's pro-Bitcoin.

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Bitcoin at $15K is now bigger than PayPal, Coca-Cola, Netflix, Disney

Bitcoin surged from $190 billion to around $280 billion in recent months, surpassing some big-name companies, including banks, by market capitalization.

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Bitcoin Overtakes PayPal Market Cap, Sets Sights On VISA, Mastercard, And Big Banks Next

Ever since news broke that PayPal would be supporting Bitcoin and other cryptocurrencies in the future, the price per BTC and the asset’s overall market cap has ballooned. And while PayPal’s support of the emerging financial tech is what started off the recent bullish impulse, the momentum has carried the top cryptocurrency’s market cap beyond the payments giant’s valuation itself.

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PayPal CEO Reveals Big Plans for Crypto to Become a ‘Market Leader in the Digital Currency Space’

In its Q3 2020 earnings call on Monday, PayPal Holdings, Inc. (NASDAQ: PYPL) discussed increasing the utility of cryptocurrencies and to embrace new forms of central bank digital currencies (CBDC), which are just “a matter of when and how they’re done, not if.

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From Short To Euphoria: Data Says Bitcoin Market Sentiment Is Rapidly Changing

Bitcoin price this week surged over $1,000 in a single day on the heels of positive PayPal support news. Just three weeks ago, however, negative sentiment was recently at all-time lows, and shorts were climbing.

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Crypto Market Forecast: W/C 26th October 2020

A curated weekly summary of forward-focused crypto news that matters. This week - Bitcoin on a roar as Paypal announces crypto transactions, more institutional investors back BTC for the long term, no end in sight to OKEx exchange withdrawal ban.

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Bitcoin Weekly Outlook: All Eyes on US Election, Stimulus, Tech Earnings

Bitcoin market sentiment fared an extremely bullish setting last week as traders/investors assessed the foray of big firms into the digital currency sector, including PayPal.

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CME’s Bitcoin Futures Rise Suggests Institutional Investors Are Starting to Swarm Toward Crypto

The Chicago Mercantile Exchange (CME) has become the second-largest derivatives market for bitcoin futures in terms of open interest. The popular exchange has seen an influx of demand since the recent Paypal announcement and the Bitmex debacle as well.

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JPMorgan: Bitcoin has ‘Considerable’ Long-Term Upside as it Competes with Gold ‘More Intensely’

The tide is turning. This week PayPal announced support for cryptocurrencies, and now JP Morgan is changing the tune, as it says, Bitcoin is competing with gold as an “alternative” currency. The physical gold market, favored by the older generations, is worth $2.

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Oh The Irony: Bitcoin’s Market Capitalization Is Now Greater Than That Of PayPal

Bitcoin’s market cap has risen dramatically in recent months, recently clinching a spot among the top 25 largest companies and assets by market capitalization. Bitcoin has a valuation of $241,450,178,242 at press time, according to data provided by AssetDash.

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PayPal Said to Be in Talks to Buy Crypto Firms Including BitGo: Bloomberg

The news comes a day after the payments giant confirmed it's entering the cryptocurrency market.

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Bitcoin officially flippens PayPal

The asset has overtaken the network’s market cap following an announcement that PayPal intends to integrate crypto.

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Blockchain Bites: Hodl Hodl’s No-KYC Bitcoin Lending, Voyager’s Token Merging M&A Deal, Crypto’s Reaction to PayPal

Hodl Hodl announced a no-KYC, P2P lending service. Reactions to PayPal's crypto market entrance. And a token-merging M&A deal.

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Litecoin jumps 18% to lock gains above $55

Litecoin is registering the biggest gains as crypto market turns bullish on PayPal adoption...

The post Litecoin jumps 18% to lock gains above $55 appeared first on Coin Journal.

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Bitcoin’s brief trip to $13.2K suggests profit-taking price correction

Analysts expect a profit-taking pullback in the Bitcoin market after BTC hits $13,000 upon the PayPal news.

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Bitcoin reaches $13k following PayPal’s entrance into crypto

News of PayPal entering the cryptocurrency market triggered a rally in the markets, with... The post Bitcoin reaches $13k following PayPal’s entrance into crypto appeared first on Coin Journal.

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Here’s why some analysts view PayPal’s crypto news as a “nothingburger”

PayPal made waves in the crypto market today after announcing that its users will now have the ability to buy, sell, and pay for items using digital assets like Bitcoin and Ethereum. The post Here’s why some analysts view PayPal’s crypto news as a “nothingburger” appeared first on CryptoSlate.

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Why is Ripple CEO disappointed with PayPal’s crypto venture?

It seems that not everybody from the crypto community has warmed up to PayPal’s decision to venture into the crypto market. In a tweet calling out the payment giant’s move into crypto, Ripple CEO The post Why is Ripple CEO disappointed with PayPal’s crypto venture? appeared first on AMBCrypto.

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PayPal Forays into Crypto Market as Bitcoin Price Explodes Past $12,400

Bitcoin is now trading at the highest price seen in well over a year, with bulls aiming for $13,000 as its strong uptrend gains momentum Today, news regarding PayPal’s foray into the crypto market provided the benchmark cryptocurrency with a serious boost Its price surged all the way up to highs of nearly $12,500 before meeting some resistance, but it does appear to be poised for further gains This recent uptrend has come about in […]

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Market Update: Bitcoin Nears $13,000, Holds Record-Breaking 87-Day Streak Above $10K

Cryptocurrency markets have seen intense gains on Wednesday after the payment processor Paypal announced it would be supporting digital currencies. At the time of publication, the market cap of all 7,000+ digital assets has gained 5.

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First Mover: PayPal Rushes in and Bitcoin Breaches $12K, While USDC Gains on Tether

PayPal gets conditional N.Y. state license for crypto. Bitcoin prices shoot past $12K. Dollar stablecoin USDC grabs market share from tether.

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PayPal Confirms Crypto Market Entry, Lands New York’s First ‘Conditional BitLicense’

The New York Department of Financial Services license allows PayPal to offer cryptocurrency buying and selling through a partnership with Paxos.

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BREAKING: PayPal Now Allows Trading and Shopping with Bitcoin

Reuters reports that PayPal Holdings has entered the crypto market and now its clients can trade and hold Bitcoin and other crypto in PayPal's wallets

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IQST – iQSTEL Brings PayPal and Venmo Alternatives To Underserved Rapidly Growing Market Segment

iQSTEL, Inc. today announced the market segment focus of the company’s recently launched Fintech Division is the global migrant population. The United Nations reports that the annual...

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Square, Paypal Could Intentionally be Excluding Ethereum to Gain Bitcoin Payments Monopoly Ahead of ETH 2.0

The crypto community has taken a keen interest in the fact that many of the new companies investing in the crypto market are only stacking BTC and leaving out ETH. This has raised a lot of speculation as to why ETH is being left out of new and big investment portfolios despite being the second-largest cryptocurrency […]

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PayPal on the Heels of Square Could Make Bitcoin Push: Market Leaders

Jack Dorsey’s payments company Square has been a first-mover when it comes to bitcoin. Not only did Square enable bitcoin payments on its Cash App, but the company recently announced that it was purchasing $50 million worth of BTC for its balance sheet.

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Altcoins May Be Top ?rypto Gainers Thanks to Paypal Listing: Russia Today's Ben Swann

In a recent episode of the Boom Bust on Russia Today, experts discussed the potential influence on the market if PayPal implements cryptocurrency remittances

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KuCoin P2P Fiat Market Now Supports Crypto Purchase Through PayPal USD Payments

The IDG-backed KuCoin crypto exchange platform has added support for another payment option on its P2P Fiat Market. Starting June 24, 2020, the platform’s users can now purchase leading cryptocurrencies like BTC, ETH, and USDT with US Dollars (USD) through PayPal.

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KuCoin P2P Fiat Market Supports Buying Crypto With USD Via PayPal

On June 24, 2020, KuCoin, an IDG-backed crypto exchange, announced that its P2P Fiat Market added support for US Dollars (USD), meaning traders can buy cryptocurrencies like USDT, BTC and ETH with USD via PayPal and other payment methods.

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KuCoin P2P Fiat Market Supports Buying Crypto With USD Via PayPal

On June 24, 2020, KuCoin, an IDG-backed crypto exchange, announced that its P2P Fiat Market added support for US Dollars (USD), meaning traders can buy cryptocurrencies like USDT, BTC and ETH with USDThe post KuCoin P2P Fiat Market Supports Buying Crypto With USD Via PayPal appeared first on AMBCrypto.

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Bitcoin to Roar Higher on PayPal Selling BTC? Time to Buy the Rumor

Yesterday, the news of fintech giant PayPal planning to roll out cryptocurrency buying and selling for Paypal and Venmo got the crypto market excited, and bitcoin went up to $9,800. Reportedly, the company plans to build in wallet functionality for users to store their crypto in the app as well. The service could be rolled […]

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PayPal Allowing Bitcoin Purchases May Threaten Coinbase Market Share: Opinion on Crypto Twitter

Some on Crypto Twitter believe that the recent breaking news of PayPal allowing Bitcoin purchases may not be as good as it seems for the Coinbase exchange

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PayPal and Venmo Reportedly Moving Into the Bitcoin and Crypto Market

PayPal, the global payments network and industry leaders, is planning to start selling large-cap cryptocurrencies to its 325 million consumer base, as per reports on June 23. Turning to BTC CoinDesk quotes unnamed, “well-placed” industry members as the sources on the matter, with the latter stating PayPal will commence the “buys and sells of crypto”Read MoreRead More.

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Rumored PayPal and Venmo Crypto Support To Provide Big Boost To Adoption

New rumors circulating the web suggest that payments processing giant PayPal and subsidiary Venmo are making a major play in crypto. What are the two powerhouses planning and how might it impact the crypto market in the future? PayPal and Venmo To Begin Selling Bitcoin, Launch Crypto Wallet If you can’t beat ’em, join ’em, […]

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The Secret of Becoming Better Than BNB And HT

By now, so many exchanges shut down and fell in the line of duty it almost makes you nervous to trust newcomers. Let’s raise a glass to our fallen comrades. Those Who Died so That we May live   The Bitcoin Market was the first-ever Bitcoin Exchange that took a hit from Paypal and heroically went […] The post The Secret of Becoming Better Than BNB And HT appeared first on NullTX.

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PayPal’s Peter Thiel-backed Layer1 Opens Renewable Energy-Focused Bitcoin Mining Facility

PayPal founder and early Facebook investor, Peter Thiel is the latest one to join the bitcoin mining business. As the crypto market gets back on the bull track with 85% increase in prices in 2019 after the crypto winter of 2018, investors are also jumping the bitcoin train.

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Pornhub adds support for Tether following PayPal’s ban last year

Pornhub, a leading adult entertainment website, recently began supporting a new cryptocurrency payment method after PayPal ended support for the company’s models last year. Pornhub’s management notes that it will now accept major stablecoin Tether, which maintains a one-to-one peg with the US dollar and currently has a market capitalization of over $4.

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