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PayPal to allow cryptocurrency buying, selling and shopping on its network

paypal to allow cryptocurrency buying, selling and shopping on its network

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TipRanksOppenheimer: These 2 Stocks Could Double, If Not MoreIt’s the final countdown. With the U.S. Presidential election only two weeks away, election year stress is making the rounds on Wall Street, but one pro argues that regardless of the outcome, opportunity could emerge.Oppenheimer’s Chief Investment Strategist John Stoltzfus notes that in the last leg of the race to the White House, “the markets appear to be signaling that no matter how loud the rhetoric gets from either side and no matter which side wins, investment opportunity in some form is likely to prevail over risk beyond inauguration day in January 2021.” He added, “In our experience opportunity often arises from uncertainty while a perception of ‘certainty’ often breeds complacency.”As for Q3 earnings season, it’s already surprising to the upside. Although it’s still too early to tell how the season will play out, Stoltzfus says “so far so good.” Data from the past weekend shows 84% of companies that already reported have beat earnings expectations and 82% have exceeded revenue expectations for the quarter. Taking Stoltzfus’ outlook into consideration, Oppenheimer’s analysts are pounding the table on two under-the-radar stocks, noting that each could double or more in …

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Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Cryptocurrency market enters new bullish cycle

top 3 price prediction bitcoin, ethereum, ripple: cryptocurrency market enters new bullish cycle

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Bitcoin sits above $12,200, while on-chain metrics reveal a possible rally to $13,000.
Ethereum fails to catch up to BTC, only stepping above the immediate hurdle at $380.
Ripple’s short-lived recovery was rejected at the 100 SMA in conjunction with $0.25.

A gust of fresh air is rushing through the cryptocurrency market after Bitcoin topped $12,000 for the first time since the beginning of September. While the flagship cryptocurrency is still on an upward roll, other major and minor cryptoassets are standing still, unbothered by the bullish action. For instance, Ethereum is still dealing with the hurdle at $380, while XRP is limited under $0.25.

Bitcoin eyes $13,000 in the near term

After taking down the resistance at $12,000, Bitcoin majestically extended the upper leg above the next target at $12,200. At the time of writing, BTC is trading at $12,288 amid a fast-building bullish momentum. The Relative Strength Index (RSI) gives credence to the price action, suggesting that gains can extend to $12,500.

The bullish outlook is also validated by the golden cross made after the short term 50 Simple Moving Average crossed above the 100 SMA in the 4-hour timeframe. If gains continue in the near term, the fear of missing out (FOMO) might grip the market, encouraging investors to buy more …

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OKEx, BitMEX, & More: Are BTC Hodlers Losing Trust in Crypto Exchanges? | Finance Magnates

okex, bitmex, & more: are btc hodlers losing trust in crypto exchanges? | finance magnates

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Earlier this week, data from Glassnode showed that the amount of BTC that was being kept on cryptocurrency exchanges was at its lowest point in months. The total number of Bitcoins on exchanges has been steadily declining since March 12th and 13th, when the most famous crypto market crash of the year took place.Join your industry leaders at the Finance Magnates Virtual Summit 2020: Register and vote for the FMLS awardsIndeed, during those two days, the price of Bitcoin swiftly fell from over $9,000 to nearly $4,000. Since then, data from Glassnode shows that the amount of Bitcoin that is stored in cryptocurrency exchange accounts has fallen $2.85 billion, from 2,950,000 BTC to 2,700,000 BTC. Why is this happening? And what does it mean for Bitcoin?BitMEX and OKEx incidents may be fostering mistrust in crypto exchangesThe decline in the amount of Bitcoins being stored on cryptocurrency exchanges could indicate declining user trust in the ability to keep their funds safe.Indeed, the word of the wise in the cryptocurrency space has long been to never store cryptocurrency on an exchange for any longer than you absolutely have to–but that hasn’t always been the most common practice.Indeed, there have been a number …

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SQ: 4 Stocks That Could Skyrocket During the Next Crypto Boom | StockNews.com

sq: 4 stocks that could skyrocket during the next crypto boom | stocknews.com

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Over the last few years, cryptocurrencies have been one of the best-performing asset classes. The most well-known are bitcoin and ethereum. Another innovation is the blockchain. Some believe that crypto will have the same impact on money that the Internet has had on information.  
Even though the cryptocurrency is relatively immature, this market is all set to witness continued appreciation. According to Markets and Markets, the cryptocurrency market is projected to grow at a CAGR of 6.18% to $1.40 billion by 2024. Rising demand for decentralized finance and cashless payments will be the major growth drivers.
2017 saw a cryptocurrency boom as the Bitcoin prices soared about 2000% in a year. According to market experts, the burgeoning demand for Bitcoin might lead to history repeating itself. Therefore, investing in this growing industry by betting on the right stocks can be highly rewarding.
Four stocks that could be on fire during the next Crypto boom are Square, Inc. (SQ), PayPal Holdings (PYPL), Nvidia Corp (NVDA), and CME Group (CME). Let’s take a look at how these stocks are placed.
Square, Inc. (SQ)
SQ is predominantly known as a digital payment app. However, it is now well-known for its innovations in crypto and blockchain technology. SQ …

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Did… the US government just agree to start funding a cryptocurrency?

did… the us government just agree to start funding a cryptocurrency?

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More and more people are using peer-to-peer payment services, like Square’s Cash App and PayPal’s Venmo, to make purchases, handle their banking, or just to pitch in on the pizza you and your friends had delivered last night. These payment apps have been particularly useful for folks who may not be able to afford bank fees or have other barriers preventing them from accessing a bank account.
That’s because they are very easy to set up, requiring nothing more than an email address or phone number. Even folks with bank accounts are using these payment apps more as folks are trying to stay home and reduce their in-person contacts during the COVID-19 pandemic. The number of daily users on Venmo has grown 26% since last year.
While these apps bring a lot of convenience to our lives, they have also made running scams more convenient for cybercriminals. According to experts, the rate of fraud on Venmo and Cash App is three to four times higher than with credit or debit cards. While PayPal and Square don’t provide statistics about scams, there are some telling signs. The New York Times and Apptopia, a mobile services tracking firm, found …

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Cryptocurrency This Week: Crypto Ban In The Air, Crypto Scams Everywhere

cryptocurrency this week: crypto ban in the air, crypto scams everywhere

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Even as crypto stakeholders in India argue against the perceived need for an outright ban on cryptocurrencies in India, reports of crypto ponzi schemes in different parts of the country continue to puncture their cause. Since September, several reports in Indian media outlets have highlighted incidents of unsuspecting customers being allegedly duped of their money by scamsters believed to be operating crypto ponzi schemes. In Bengaluru, the police are investigating three companies — Long Reach Global, Long Reach Technologies and Morris Trading Solutions. According to the police, these companies collected at least INR 15K each from over 11 lakh people from across the country to invest in a new cryptocurrency called Morris coin. The police have also arrested a 36-year-old man from the Malappuram district of Kerala who is the CEO of all the three entities.Last month, Delhi Police was investigating an alleged cryptocurrency exchange scam, believed to have been operated by one Pluto Exchange, which marketed itself as a cryptocurrency investment firm, and had its offices in Connaught Place. One of the complainants was asked one of the company’s founders to invest in a new cryptocurrency which Pluto Exchange had launched and told him that he would receive 20-30% …

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Bitcoin trading dominance hits 2017-levels not seen since $20,000 BTC

bitcoin trading dominance hits 2017-levels not seen since $20,000 btc

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The cryptocurrency market has suddenly shifted back to Bitcoin (BTC) after several months of a decentralized finance (DeFi) frenzy. While market cap dominance remains below 60%, earlier this month, the trading dominance of BTC has spiked to levels not seen since 2017 when the price hit an all-time high at $20,000. The trading dominance of Bitcoin against other major cryptocurrencies. Source: TheTieDue to the growing dominance of Bitcoin in terms of market volume, the alternative cryptocurrency (altcoin) market is stagnating. The trading dominance of the bellwether for altcoins, Ether (ETH), for instance, did not see a similar spike in the same period. Why does the altcoin market underperform when Bitcoin is going up?As seen from July to early September, when Bitcoin is climbing upwards gradually, it can cause an “altseason” to materialize. In fact, ETH has outperformed BTC so far this year in terms of percentage, which is partially why the momentum may be returning back to Bitcoin.  Especially during August, many DeFi tokens increased between 5 to 20-fold, causing a massive altcoin craze.But when the price of Bitcoin goes up quickly in a short period, it can cause the altcoin market to slump. Profits are likely cycling in from altcoins back …

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Big Tech Is Making Cryptocurrency More Accessible Than Ever | Finance Magnates

big tech is making cryptocurrency more accessible than ever | finance magnates

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The four horsemen of the technology world — Amazon, Apple, Facebook, and Google — have long been known as the main drivers of tech innovation, and have arguably done more to push the adoption of digital technologies than any other firm.Each has single-handedly impacted hundreds of millions or even billions of internet users, whether it be through Amazon’s massive e-commerce and cloud computing services; Apple’s trailblazing consumer electronics; Facebook’s massively successful social media platform, or Google’s game-changing search engine, most people have seen or used one of these four firm’s products.Join your industry leaders at the Finance Magnates Virtual Summit 2020: Register and vote for the FMLS awardsNow, each of these firms is arguably doing more than most to push the adoption of cryptocurrencies and blockchain technology, by bridging the gap between the world of traditional finance and the cryptosphere with their respective payment services: Amazon Pay, Apple Pay, Facebook Pay, and Google Pay.The Payment Gateway of BillionsFor a long time, acquiring cryptocurrencies for the first time was a daunting endeavor, that required investors to trust shady payment processors or remittance services, or purchase cryptocurrencies in person with cash using one of the peer-to-peer cryptocurrency …

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Cryptocurrency ‘mixer’ fined $60M for running an unregistered money business

cryptocurrency ‘mixer’ fined $60m for running an unregistered money business

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The U.S. Financial Crimes Enforcement Network today imposed a $60 million penalty against the founder of two cryptocurrency “mixer” services on the grounds that they breached U.S. law.
The accused, Larry Dean Harmon, is alleged to be the operator of Helix and Coin Ninja, sites which provided mixers or “tumbler” services. Cryptocurrency mixer services are sites that are, depending on your point of view, a tool for anonymizing cryptocurrency holdings or a tool used by cybercriminals to hide their stolen cryptocurrency. Those who run cryptocurrency mixing services take a percentage cut from the cryptocurrency they mix.
Harmon was charged as running an unregistered money services business. Helix is said to have been run by Harmon between 2014 and 2017, while Crypto Ninja ran between 2017 and 2020. Putting aside the dubious nature of cryptocurrency mixing services, Harmon, in this case was charged under the Bank Secrecy Act for not registering his service with FinCEN.
According to FinCEN, Helix conducted more than 1.225 million transactions for its customers and was associated with virtual currency wallet addresses that sent or received more than $311 million in cryptocurrency. FinCEN noted that he “operated Helix as a bitcoin mixer, or tumbler, and advertised its services in the darkest spaces …

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A 4 Billion Dollar Dream – Exclusive Interview With Brendan Blumer

a 4 billion dollar dream – exclusive interview with brendan blumer

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“As a leader you have to be that bridge that brings everyone together, so that you can assemble in large numbers and scale sustainably.” – Brendan Blumer, Founder & CEO of Block.one

Brendan Blumer, Founder & CEO of Block.ONE

Block.one

Block.one and the EOS blockchain are most well known for conducting a year-long token crowd-sale between June 2018 to June 2019 resulting in a total of $4 Billion in collected revenues. While, many of the other token crowd-sales such as Kik and Telegram faced tough regulatory persecution resulting in fines, termination of activities and even refunds to investors, Block.one was able to settle the U.S. regulatory charges against it in a favorable deal with the SEC, resulting in a civil fine of $24 million dollars, or only 0.6% of the crowd-sale proceeds. 
Block.one maintains that its token sale was a revenue-generating event rather than a fundraising exercise, and that is most closely compared to selling virtual gaming digital assets. Prior to the token sale, Block.one on-boarded several brand name investors from Silicon Valley icon Peter Thiel, to Bitmain, Louis Bacon, Alan Howard, Christian Angermayer, Lansdowne Investment Company Ltd, and Galaxy Digital’s Mike Novogratz.
This mega successful revenue-generating event …

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