Beyond the expectations of users, PayPal's cryptographic services are welcomed

Beyond the expectations of users, PayPal's cryptographic services are welcomed

In an April 25 interview with Time magazine, PayPal CEO Dan Schulman said demand for the digital currency services the company recently offered was significantly higher than expected:

The demand in this field has been many times what we initially expected and there is a lot of excitement in this field.

Schulman claims that PayPal has been monitoring the digital currency space for six years. However, the payment giant waited for digital assets to become more widely accepted in society.

Last October, PayPal made it possible for its US users to buy, sell and hold digital currencies, and in late March, it launched its digital currency payment service.

Schulman predicts significant changes in the financial system over the next ten years, which he believes will make today's payment services inefficient:

If you cash a check, receiving money can take up to three days. If you make an international remittance, your money can take up to seven days.

The head of PayPal predicts that up to 10 "superapps" will be used for payment services in the future, and cash will face a "significant reduction".

He also predicts that credit cards will eventually disappear and be replaced by mobile phones.

Traders invest in LINK, BAND and Qtum as bitcoin prices fall

Traders invest in LINK, BAND and Qtum as bitcoin prices fall

The recent bitcoin downturn temporarily reduced its dominance to 49.5%, the lowest level since August 2018. This has led more traders to predict that altcoins could overtake bitcoins in the short term.

In the last few months, Bitcoin price performance does not seem to have had much of an impact on Altcoins.

The main factor that can lead to the further growth of altcoins compared to bitcoins is the widespread increase in the popularity of diffuse decentralized financial space. "DeFi exchanges show more trading volume than Coinbase," said Thomas Farley, vice president of the New York Stock Exchange, in an interview with CNBC.

Let's look at the principles and technical specifications of the three tokens that have been increasing over the past few months.

LINK / USDT

ChainLink (LINK) is one of Oracle's most popular decentralized solutions, and to support the pace of innovation in the crypto industry, it outlined its vision for the future in its new white paper, Chainlink 2.0, on April 15, where There are second tier networks that store Oracle Networks and calculate data outside the chain before blocking input to the blockchain. This new concept could enable developers to quickly build intelligent hybrid contracts, similar to the application programming interfaces (APIs) that developers build on the web.

Another positive point for LINK investors was announced when Gary Skill announced on April 6 that he would add it to his large digital investment fund. Although this allocation is only 0.87%, considering this issue can make it the focus of fundamental investors.

LINK is correcting its sharp uptrend from $ 23.61 on March 24 to a high of $ 44.33 on April 15. Although prices fell below the moving average on April 18, cows are buying aggressively at lower levels, as evidenced by the long-tailed candlestick daily.

Since then, bears and cows have struggled with the 20-day moving average ($ 35.89). The cows are trying to defend the support of the 20-day moving average EMA and start the next ascending phase while the bears are trying to increase the correction by breaking the support.

The 20-day moving average and the relative strength index (RSI) above 57 indicate a slight advantage for buyers. If the cows are able to raise and maintain their price above $ 40, the LINK / USDT pair can retry $ 44.33. Failure of this resistance can start the next stage of the uptrend, which can reach $ 50 and then $ 55.72.

 If the price stays below the 20-day moving average, this uptrend will be invalidated. Such a move could lower the price to a simple 50-day moving average ($ 31.42) and delay the start of the next uptrend.

BAND / USDT

The BAND peaked at $ 23.30 on April 15, rising 109% in about two and a half months.

The protocol announced its partnership with Google Cloud on April 15 and continues to build partnerships to increase its market share. Last month, the company partnered with Krystal, Equilibrium and Polygon. In addition, one of the largest financial institutions in Thailand (SCB 10X) cooperated with Band as a ninety-one credit rating.

BAND is currently trading in the $ 11.50 to $ 20.62 range. The cows had raised the price above the resistance on April 15 and 16, but as a result of the defeat could not increase.

QTUM / USDT

The QTUM peaked at $ 20.72 on April 19, growing 173 percent in more than two months.

On March 31, Qtum co-founder Patrick Dai said the protocol was working to enable smart contracts for FileQueen over the Qtum network. On the same day, Dai joked that dissimilar tokens were also being launched on Qtum.

The Dodge QTUM on April 19 showed that the uptrend may lose steam. The short-term weakness was further confirmed by the continuing downward trend on April 20.

The cows are currently trying to defend the 20-day moving average ($ 15.08). A sharp jump from this support indicates that the emotions remain positive and the cows are shrinking.

Buyers are likely to try to lower the price to $ 18.63 and then to $ 20.72. The failure of this resistance will be a sign of the resumption of the uptrend.

However, a negative divergence in the RSI indicates that the movement may be weakening. If the bear falls below the 20-day moving average, the QTUM / USDT pair could fall below the 50-day SMA ($ 10.47) moving average, where buyers are taking steps to halt their price decline. .

Economic calendar Thursday, April 15

Economic calendar  Thursday, April 15

An overview of today's cryptocurrency market Sunday, April 11

Bitcoin drops back below $ 60,000

After three weeks of waiting, Bitcoin finally reached the price level of more than $ 60,000 yesterday. In addition, the currency moved upwards and reached the price level of $ 61,200.

However, the situation has changed since then. Just when everyone was very happy with the trend, Bitcoin started to retreat again.

In the following hours, Bitcoin lost about $ 2,000 and reached a lower price level of $ 58,300 at (Bitstamp Exchange) and was able to return to above 60 before falling to its current level of $ 59,500. , Reach $ 000.

 Technical indicators show that $ 60,000 is the first major resistance level against the rise of Bitcoin, which could not close the daily candle above yesterday. If the Bitcoin is bullish, it will have to cross the next resistance level of $ 61,170. This price level is the same as the peak price of March, which is $ 61,780. The price could continue to decline if the Bitcoin goes below the support levels of $ 59,070, $ 58,355 and $ 57,695.

Ripple jump to higher levels; XLM among the top 10 currencies

The Altcoin market also had a pleasant trend since Saturday. Atrium was able to reach the highest price level of $ 2200 with the highest price in all time. However, the second largest digital currency at the time fell slightly more than 2% to just over $ 2,100.

Baines Quinn (BNB) also set a new record at $ 485, but calmed down to $ 475. Nevertheless, Binance Quinn has grown by more than 40% over the past week.

Polkadot (-5%), Cardano (-3%), Uniswap (-4%), and Chainlink (-3%) also moved again in the 24-hour timeframe.

Meanwhile, LightQueen rose 10% to $ 250 and Stellar rose 25% to $ 0.61. Also, XLM currency in the market has replaced LINK currency in the list of top 10 currencies in the market.

Ripple performed better than all the larger altcoins. The blockchain-based payment processor won another legal battle against the SEC because Judge Net. Sarah Netburn stopped the commission from trying to access the personal financial records of Ripple executives.

Ripple was able to rise about 40% in the next few hours, hitting a three-year high of $ 1.4.

We saw an increase in digital currencies including Elrond (15%), Reserve Rights (13%), Zcash (10%), IOTA (10%), and NEM (10%).

Despite some corrections in currencies such as Dent (-16%), Holo (-15%), KuCoin Token (-15%), Pundi X (-15%) and others, the market value of cryptocurrencies is over 2 trillion The dollar remained.

Important Comments Vice President of the US Federal Reserve

Important Comments Vice President of the US Federal Reserve

The US Federal Reserve (Clarida) has stressed that the Fed will focus more on the performance of economic indicators than on forecasts. "The American economy has to show real progress. A 2 percent inflation ceiling is not in the US economy's interest. Inflation growth is likely to be more than 2% in 2021. "However, such inflation will be transient." The market has not responded to Clarida's remarks.

👌Ripple won its first victory against the SEC

Ripple won its first victory against the SEC

Judge Sarah Netborn, endorsing Ripple's proposal to force the production of Bitcoin and Atrium documents, dealt a blow to the US Securities and Exchange Commission:

"I intend, mainly, to address the defendants' request."

Ripple Corporation, its CEO, Garlinghouse, and its founder, Chris Larsen, filed a joint enforcement request on March 15, accusing the SEC of failing to withhold evidence. The company's lawyers claim that XRP is similar to Bitcoin and Atrium.

However, the SEC claimed that these documents were not relevant to the case because the currencies listed were fundamentally different from XRP.

Ripple does not scrutinize SEC minutes or notes to find cases where it can strengthen its case.

Paris Hilton: I'm interested in bitcoin

Paris Hilton: I'm interested in bitcoin

Paris Hilton, who has now become a trader, appeared as a bitcoin holder in a recent interview on CNBC's Closing Bell program on Thursday.

The influencer, who was first recognized as the heir to the $ 4 billion Hilton luxury hotel empire, says he has been interested in bitcoin for some time and claims he is "very excited" about bitcoin. Which is definitely the future of bitcoin.

He is working with several other artists to present his first NFT token this month.

The Hilton perfume empire has sold more than $ 2.5 billion over the past 15 years, and the net worth of the businesswoman has exceeded $ 300 million, despite the fact that her grandfather, Baron Hilton, donated her inheritance to charity in 2007. gone.

Economic calendar Thursday, March 25

Economic calendar Thursday, March 25

The bitcoin market value is closer to gold, silver and Apple

The bitcoin market value is closer to gold, silver and Apple

As the bitcoin price continues to rise, the market capitalization of this asset also tries to be as close as possible to the market capitalization of traditional assets such as gold.

Bitcoin now has a market value of $ 1.07 trillion, reaching 9.85% of the market value of $ 10.9 trillion gold. The market value of this cryptocurrency has increased simultaneously with its value since the fourth quarter of 2020. Currently, the market capitalization of this digital currency represents about 53.08% of Apple's $ 2.07 trillion market value. On the other hand, with a market value of $ 1.42 trillion, Bitcoin has been able to reach 76.09% of its market value.

Although Bitcoin is still a long way from reaching the value of the gold market, its proponents believe that as its acceptance by organizations increases, this asset will eventually become a source of excellent value storage.

The resilience of bitcoin and gold was tested during the recession created by the corona pandemic in 2020. The value of bitcoin rose after falling alongside traditional markets in March last year. On the other hand, in August, gold traded above $ 2,000 for the first time, reaching its highest level.

Following the collapse of traditional markets, the situation has strengthened the relationship between gold and bitcoin more than ever. The more people invest in this asset, the more its price will stabilize. It is worth noting that Bitcoin has sufficient liquidity and can be stored with high security with a guaranteed supply limit.

Both assets are out of government control, but gold is in the hands of central banks, and this potentially means manipulating its price. Therefore, Bitcoin proponents believe that the government's lack of control and manipulation of this asset will mean that this asset will eventually overtake gold.

At the same time, Bitcoin fans believe that the market value of Bitcoin will soon even surpass that of Apple. As bitcoin grows in popularity, this could mean wider acceptance in the future.

An overview of the cryptocurrency market Monday, February 22

An overview of the cryptocurrency market  Monday, February 22

After the last bitcoin price record of about $ 58,000, the currency returned to the $ 55,000 floor with more than $ 3,000 correction. Most replacement coins also lost some value, and Atrium fell below $ 1,900.

$ 3000 Bitcoin drop

The first cryptocurrency on the market had a very positive week, with the stock rising more than $ 12,000 in the past few days, from a record low of $ 46,000 to several consecutive records. The last record was set yesterday after BTC reached $ 58,400, which is currently the highest price level in the history of this currency.

However, the bears took action at this stage and did not allow the currency to rise further. Thus, within a few hours, Bitcoin lost more than $ 3,000 in value and reached $ 55,000.

However, BTC has recovered some of that lost value and is currently above the $ 56,000 mark.

Technical indicators show that if the price continues to improve, Bitcoin could gain more support at the levels of $ 55,000, $ 52,365 and $ 50,800. Instead, BTC must cross the $ 57,500 and $ 58,350 resistance lines before entering a new unknown territory.

Atrium below $ 1900 and Ripple jump to $ 0.60

Most large altcoins have started a correction process again in the last 24 hours. Atrium, which hit an all-time high of $ 2050 on Saturday, has lost about $ 200 since then and is currently trading below $ 1,900.

Polkadat has also seen a 2% decline in the last 24 hours. Cardano (5%), LightQueen (1%) and China Link (4%) are all red today.

Binance Quinn reached $ 280 after a 6% increase and partially offset yesterday's loss. However, Ripple rose 20 percent to above $ 0.60 and showed the best performance.
As usual, lower market value altcoins have seen more volatility. The Pundi X went green today with a 53% increase, followed by IOST (48%), Fantom (40%), Holo (35%), OKB (30%), BitTorrent (22%) and Terra (18%). ) Placed.

In contrast, Ontology has lost most of its value (-12%) since yesterday. SushiSwap (-12%), Ravencoin (-11%), Horizen (-11%), 1inch (-11%), THORChain (-10%) and Uniswap (-10%) are also in the next ranks. .