PayPal accepts Bitcoin! CEO Schulman announces big move; know details
Bitcoin news

PayPal accepts Bitcoin! CEO Schulman announces big move; know details

Last Updated: 22nd October, 2020 18:45 IST The announcement of PayPal accepting cryptocurrency has enabled users to buy, sell and hold cryptocurrencies like Bitcoin, Ethereum, Bitcoin Cash and Litecoin. So, starting in 2021, PayPal users will be able to spend their cryptocurrencies amongst one another. With 26 million merchants currently accepting PayPal, this move by…

Bitcoin To Get Taproots
Bitcoin news

Bitcoin To Get Taproots

After years of no movement at the protocol level, bitcoin is finally to facilitate more complex conditional spending transactions in addition to data compression. The latter is the job of Schnorr signatures, described in the Bitcoin Improvement Proposal (BIP) as a replacement of elliptic curve secp256k1 with a standard 64-byte Schnorr signature. In short, where…

Bitcoin’s 60-day Volatility Plunges to Historic Lows as Consolidation Persists
Bitcoin news

Bitcoin’s 60-day Volatility Plunges to Historic Lows as Consolidation Persists

Bitcoin’s volatility has been diving as of late, with the benchmark cryptocurrency seeing multiple prolonged bouts of sideways trading. Last week, BTC did see some turbulence that caused its price to rally from lows of $10,400 up to highs of $11,700. This move occurred over multiple days and has since resulted in it seeing yet…

First Mover: Bitcoin’s Best Week Since July Shows Limited Toll of U.K. Retail Crypto Futures Ban
Bitcoin news

First Mover: Bitcoin’s Best Week Since July Shows Limited Toll of U.K. Retail Crypto Futures Ban

Not everyone is happy with the U.K. Financial Conduct Authority’s decision to ban individual investors from speculating on bitcoin and other cryptocurrencies, and there’s an argument to be made that the agency’s rationale was hollow.   Some U.K.-based brokerages that had offered the crypto derivative products to retail traders could see a drop-off in revenue, though big cryptocurrency exchanges including Kraken…

Bitcoin SV Price Is Rejected at Significant Support Level
Bitcoin news

Bitcoin SV Price Is Rejected at Significant Support Level

The breakup of the $171 price level may propel the price to the resistance level of $198 provided the $185 level does not hold. Failure to break up the $171 may lead to the continuation of price ranging movement. Bitcoin SV price is rejected at the significant support level. BSV has tested the support levels…

Bitcoin price breaks $11K, crypto traders optimistic about BTC’s action
Bitcoin news

Bitcoin price breaks $11K, crypto traders optimistic about BTC’s action

The price of Bitcoin (BTC) has seen a recovery during the past week, surging by nearly 6.5% since Oct. 2. The resilience of the dominant cryptocurrency has traders pleasantly surprised, as many analysts anticipated a larger pullback. Following BTC’s rebound above the critical $10,500 support level to just over $11,000, the sentiment is turning optimistic….

The DOJ Takes Aim at Privacy in New Crypto Framework
Bitcoin news

The DOJ Takes Aim at Privacy in New Crypto Framework

U.S. Attorney General William Barr’s Department of Justice (DOJ) believes cryptocurrencies pose an emerging challenge to law enforcement activities, according to a new publication filed Thursday. The DOJ’s “Cryptocurrency: An Enforcement Framework” document, published by the Attorney General’s Cyber-Digital Task Force, outlines what cryptocurrencies are and their potential use cases, including sections on both legitimate…

From blockchain bridges to DeFi transfers
Bitcoin news

From blockchain bridges to DeFi transfers

Today, paying for purchases in cryptocurrencies no longer seems like something out of the ordinary. Many online stores accept Bitcoin (BTC) and other coins along with traditional currencies, while in some cafes, cryptocurrency holders can even pay using point-of-sale terminals. However, there is one thing that distinguishes traditional financial systems from cryptocurrencies: advanced interoperability. Thanks…

BMW Rolls Out Blockchain-powered Token Rewards Platform in South Korea
Bitcoin news

BMW Rolls Out Blockchain-powered Token Rewards Platform in South Korea

BMW Korea has launched a blockchain-powered “way of life” platform that rewards South Korean automotive house owners with tokens they will redeem towards flight tickets and upkeep funds. Per Aju Kyungjae, BMW Korea acknowledged that the platform, named BMW Vantage, can be “launched on the worldwide market” after its South Korean debut. The motoring firm…