PayPal to enable users to buy crypto assets, fueling strong Bitcoin momentumBTC $12,768 (+6.9%) • ETH $393 (+6.5%) • XRP $0.25 (+3.7%)
PayPal, the $236 billion digital payments giant, will allow users to buy and sell crypto assets. The news adds to the strong momentum of Bitcoin (BTC), which has rallied 10% in the last five days. Featured Cryptonites interviewZilliqa’s Max Kantelia on DeFi and the roaring 90s, asset bubbles, and why everyone can’t be Steve Jobs
The rise of decentralized finance (DeFi) has been buoyed on trends like non-custodian lending, automated market making, and yield farming, which together, have opened newer possibilities for users to spend and use their cryptocurrency holdings, while even earning attractive interest rates. 📈 Trending … DeFi Tokens • Oracle Tokens • Biggest Gainers • Stablecoins More news ⏬Traders warn about Ethereum and DeFi tokens as momentum dwindles against BitcoinIn the past week, the alternative cryptocurrency (altcoin) market has further slumped against Bitcoin. Silicon Valley will create an Ethereum & DeFi bubble: AnalystEthereum’s decentralized finance (DeFi) space has seen exponential growth over the past few months. Financial analyst expects “fireworks” for Bitcoin in 2021 as macro trends alignBitcoin has undergone a strong rally over the past few days as buyers have returned to this market. Top Ethereum whales are HODLing at an “impressive rate,” data findsTop Ethereum whales are increasingly moving their funds off exchanges, on-chain data show. Rampant DeFi speculation makes DEXs the undisputed winners of Q3 2020While it might seem that DeFi reached its bottom during Q3 2020, the sector still closed the last quarter with incredible performance. Uniswap network fees remain “attractive” despite plunging UNI priceThe Uniswap governance token has been seeing some immense turbulence in the time following the launch that took place just a few weeks ago. Featured event
Virtual Blockchain Conference BlockDown is back for a third edition this Halloween (Oct. 22-23) with a host of the blockchain world’s biggest and brightest stars lined up to deliver ground-breaking keynotes and spark informed and fierce debate on the industry. Whilst the virtual conference space has been saturated in recent months, BlockDown Conference has consistently delivered the best content and is a must for any avid crypto enthusiast. 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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PayPal to enable users to buy crypto assets, fueling strong Bitcoin momentum