Markets

PayPal’s finance chief says the company is unlikely to invest in cryptocurrencies, but sees massive potential in digital wallets

PayPal is interested in making investments that drive growth, rather than investing in cryptocurrencies. But it believes the transition to digital currencies is inevitable and sees massive potential in digital wallets. CEO Dan Schulman told CNBC the company takes its capital allocation “quite seriously.” Sign up here for our daily […]
PayPal’s finance chief says the company is unlikely to invest in cryptocurrencies, but sees massive potential in digital wallets
Markets

A crypto ‘fear and greed’ indicator is flashing a warning signal that shows investors are being extremely greedy as top cryptocurrencies hit record highs

A crypto “fear-and-greed” gauge that tracks investor sentiment flashed a warning sign on Tuesday. The index showed investors are showing extreme greed, indicating a market correction is due. This index last reached the same level on January 6, right before bitcoin’s previous record high. Visit the Business section of Insider […]
A crypto ‘fear and greed’ indicator is flashing a warning signal that shows investors are being extremely greedy as top cryptocurrencies hit record highs
Markets

Insurer MassMutual scoops up $100 million worth of Bitcoin, and billionaire Mike Novogratz noted it as the most important news in crypto this year

Insurer MassMutual is the latest financial institution to invest in Bitcoin, buying $US100 million worth of the digital token. The company also acquired a 5% stake in crypto startup, NYDIG. Billionaire Mike Novogratz highlighted the insurer’s Bitcoin purchase as the most important news in the crypto space in 2020, and […]
Insurer MassMutual scoops up $100 million worth of Bitcoin, and billionaire Mike Novogratz noted it as the most important news in crypto this year
Markets

Surging bitcoin nears its highest level in almost 3 years, and is set to test a key technical level that could spur a move toward $20,000

Bitcoin surged more than 3% on Tuesday as it approached a key resistance level at $US14,000. Recent positive developments for the digital cryptocurrency include PayPal allowing its account holders to buy, sell, and transfer bitcoin, as well as Square’s bitcoin purchase worth $US50 million. If bitcoin is able to decisively […]
Surging bitcoin nears its highest level in almost 3 years, and is set to test a key technical level that could spur a move toward $20,000
Markets

From a potential Satoshi Nakamoto candidate to other ‘crypto veterans,’ here’s GlobalData’s top 10 blockchain influencers on Twitter

GlobalData compiled a list of top 10 blockchain influencers after analysing Twitter conversations from more than 200 experts. After the analytics firm noted that the most searched trend among influencers was “bitcoin,” they commissioned the study. Most searched trends among companies were: Coinbase, Blockstream, and Microsoft. The top 10 blockchain […]
From a potential Satoshi Nakamoto candidate to other ‘crypto veterans,’ here’s GlobalData’s top 10 blockchain influencers on Twitter