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Uber’s comment on considering crypto payments came after electric vehicle company Tesla announced its Bitcoin investment.
To start with, BNY Mellon will offer custodian services to its clients, then move forward to what its clients demand most.
Microsoft’s interest to acquire a social media giant came to light in 2020 when it tried to buy the US operations of TikTok.
The Twitter CFO said that the company is working out options if they can pay salaries to their employees in Bitcoin along with allocating part of their treasury to BTC.
It is not yet clear which currencies the payments giant will add to its network. By now, Mastercard bets on stablecoins.
JPMorgan’s strategists were quick to identify the fact that Tesla’s entrance into the crypto space was a major positive factor for the industry.
By adding a crypto wallet and exchange capabilities, Apple could attract a huge customer base due to its up to standard security system.
Bitcoin surge is Tesla-fueled according to some analysts as the price of the digital coin started to rise just minutes after Tesla broke the news.
The altcoin market is buzzing with strong investor interest as well as the rally in the DeFi space. Cardano and Polkadot have registered strong moves surpassing Ripple’s XRP.
Stating that competition among crypto exchanges “is light,” the analysts suggested that Apple may be the solution to challenges in the crypto space.
Wall Street’s rally has resulted mostly from investors’ bet on a new fiscal relief package and a global vaccine roll-out that could lead to a faster economic recovery.
Once Tesla accepts Bitcoin as a form of payment, it is expected to increase the demand for BTC to new heights that affects the market price directly.
ETH gathers steam as the CME Ether Futures go live today. While the institutional action around ETH price movement has been positive, market analysts give mixed opinions on how the CME Ether Futures can affect the ETH price movement.
It now remains unclear what company Apple will seek as its next partner on the Apple Car.
Cryptocurrency trader Scott Melker stated that technical analysis supports the prediction that Bitcoin may soon surge to $63,000.