PayPal is next in line to buy Bitcoin? What happened with helicopter money, ETH again reaches new highs and events of this October. Digest. Here. For you!submitted by getmonimaker to u/getmonimaker [link] [comments]
Today, in 1792, the first stone was laid in the foundation of the President of the United States' residence, which, since 1809, was called the \"White House\". Since then, the United States has been transformed into a powerful economic power, and its President is one of the most powerful figures of our time. But even he has no control over either the Fed chairman or the Reserve System itself. A handful of bureaucrats should not make critical decisions, such as printing $9 trillion in a single year. But we're not here to promote anarchy; we're just all in on decentralized finance, open (transparent) source projects, and the finite scarcity of financial assets. So while the \"USD & Co\" are depreciating to the sound of a humming printing press, let's better check out what another crypto day has to tell.
PayPal, it's your time!
Bitch better have my Bitcoin 😎
Arie Paul, IT Director and Managing Partner at BlockTower Capital predicted that PayPal could announce buying Bitcoin by the end of this year:
In July, the payment giant PayPal said in a letter to the European Commission that it was researching cryptocurrencies and "developing and implementing cryptocurrency solutions".
Don't forget that MicroStrategy and Square announced purchases of Bitcoin some time ago.
Well, this is simply inevitable :). Companies look at Bitcoin and see the hedge from the coming inflation, so they are in a rush to buy it.
Usually, small and medium-sized businesses follow the giants. Make yourself comfy, and let's watch this thing unfold. 😉
What happened to $1200?
Six months ago, the U.S. Congress approved a $6 trillion economic stimulus package (helicopter money), and the Americans were given out checks for $1200 under this program.
The infographics from Coinmetrics (just above) show what these $1200 would turn into if they were invested in the next assets: gold, S&P 500, Bitcoin, or Ethereum.
And... what would they be worth if they were put into UNI in early September?
Fiat is no longer an asset; it's an intermediary between sound money/assets and us, just humans who want to avoid inflation and other robberies.
What has exceeded $172 billion?!
ETH IS IN DA HOUSE! Again!
According to The Block, the monthly volume of trading in Ethereum futures rose to a record $172.2 billion in September, an increase of 5.3% over the previous record - in August, the trading volume was $163.1 billion, and since the beginning of 2020, an increase of almost 320%.
And people talk about "decreasing interest in DeFi"...
Yes, yes, everyone knows about it. ETH must have missed the news :)
Check 'em out!
Important project events for this week (October 12-18). Do not miss them!
Binance launches trading of perpetual REN/USDT futures contracts with up to 50x leverage tomorrow at 7:00 AM (UTC).
Meme of the day
Bitcoin Hits Major Milestone; Paypal Embraces Crypto VENMO FOR BITCOIN Nigeria-based app Bundle launched this Thursday, aiming to get more people in Africa to exchange money using cryptocurrencies . Page 3. Check out the latest ideas and forecasts on Ren / Bitcoin from our top authors — they share predictions and technical outlook of the market. Bitcoin Hashrate Hits New All-Time High as Price Pushes for $11,000. 60 Coinbase Employees Have Left Following The Apolitical Company Statement . Binance Smart Chain Handled 21% of Ethereum Transactions 35X Cheaper. Binance Coin, BAT, VeChain Price Analysis: 09 October. Blockchain Bitcoin Touches $10,950 as Crypto Market Cap Gains $12 Billion (Market Watch) Published. 15 mins ago. on. October ... Bitcoin Ethereum Ripple Chainlink Bitcoin Cash Binance Coin Litecoin Cardano Bitcoin SV EOS Monero Tron Stellar Lumens Crypto.com Coin Tezos UNUS SED LEO NEM NEO Cosmos Iota VeChain THETA Dash ZCash Ethereum Classic Maker Waves Ontology Dogecoin FTX Token Algorand Basic Attention Token BitTorrent HedgeTrade DigiByte 0x Ren Zilliqa Qtum Icon ... The Square-Stimulus combo reduced Bitcoin’s prospects of moving higher. But the cryptocurrency did, anyway, with catalysts emerging from the US stock market. Q3 Earnings Season. The upside move above $11,500 in the Bitcoin market coincided with a rally on Wall Street. All three major indexes climbed higher during the Monday trading session ... 1 hour Top Binance Trader Thinks This Comes Next for the Bitcoin Market Bitcoinist . Bitcoin is in limbo as of this article’s writing, stuck above the $10,000 psychological support and below the $10,500 resistance. Both bulls and bears have valid arguments at current. The bulls think that BTC continuously holding $10,000 lends to a high ... Bitcoin Hits Major Milestone; Paypal Embraces Crypto YFI sank with the rest of the crypto market later in the week, though anybody who invested close to its launch would still be exponentially richer. If you recall Bitcoin was worth nearly $20,000 in 16th December 2017. But in 17th December 2018, the price of Bitcoin was at its low of about $3,200. Bitcoin is a highly volatile asset class and requires a high risk appetite. As much as Bitcoin is a digital gold, it has only been around for about 10 years. In comparison to gold which has been a ... Binance.US, the American branch of leading cryptocurrency exchange Binance, has opened for account registration and deposits. The eagerly awaited US branch of Binance is now allowing citizens to register an account with the exchange using their social security number and an official government ID so that they can begin depositing crypto assets. Hitting The Ground Running: Coinsquare Hits Europe As It Launches In 25 Countries. While it is a very widely known cryptocurrency exchange in Canada, being one of the largest in the country. It's been made public that this position coincides with a storming launch into the European Union, with more than 25 exchanges being established across the continent.
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