The Bitcoin market capitalization which was hovering around $300 billion and conquered 65% of the total market cap moved the digital asset into the list of first 20 major assets.
BitPay CEO Stephen Pair stated that the company considers this new platform as an ideal payment solution for international companies engaged in the gig economy.
At first considered quasi-legitimate get-rich-quick schemes, crypto exchanges are evolving into a strong business prospect with a long-term vision and tight cybersecurity measures. Their requirements for high-quality software are growing too.
PayPal said that it will be informing all of its US customers via email and push notifications. Citing high customer demand, PayPal has increased the weekly crypto purchase limit from $10,000 to $20,000.
Today, Bitcoin price reached the 33-month highs to settle above $16,000. Analysts now suggest some salient reasons could have fueled the surge.
On Thursday, November 12th, BTC has paused its growth but the ascending impulse remains in force. The cryptocurrency is generally trading near $16,000 USD.
KuCoin has restored full access to 176 tokens out of a total of 230 tradable ones and hopes to resume service for others before November 22.
Dalio says that Bitcoin’s volatile nature leaves it with fewer use cases as a medium of exchange. He added that he would prefer Gold over Bitcoin.
The new Bitfinex Borrow platform will allow users to get access to peer-to-peer lending and borrowing by putting their Bitcoin (BTC) and Ethereum (ETH) holdings as collateral.
China Construction Bank clarified that it doesn’t work with Bitcoin or any other cryptocurrency. However, it will accept bond deposits made in Bitcoin.
Although the increased volatility indicates a possible rise in Bitcoin market price, the fear and greed index pushed above 90 on the scale of 0-100 last week.
Binance, as well as a handful of non-US exchanges, has continued to come under the regulatory oversight of US regulators.
Ripple CEO Brad Garlinghouse believes that Joe Biden will take climate change issues seriously.
Stanley Druckenmiller is betting on Bitcoin against the dollar that has been depreciating in value ever since the coronavirus outbreak.
Catherine Coley said that Binance.US has successfully integrated its API with SEN and conducted tests with some of its clients.