Paypal Developing Cryptocurrency Capabilities, Letter to European Commission Confirms

Paypal has confirmed that it has been developing cryptocurrency capabilities in a letter the company sent to the European Commission regarding the EU framework for cryptocurrency markets. Recently, Paypal and Venmo were rumored to soon allow users to buy and sell cryptocurrencies directly. Paypal’s Crypto Plans In a letter to the European Commission (EC), Paypal revealed its work on developing crypto capabilities. The letter was in response to the public consultation launched in December last year on building an EU Read more …

Frustrations Over Ethereum 2.0 Delay Eased by Matic Testnet Speed

Matic Network, the Layer 2 scaling solution for Ethereum, revealed the results of their Counter Stake testnet stress testing. Over an uninterrupted two month period, the team claims the network achieved speeds of up to 7,200 transactions per second (TPS). What’s more, this occurred under decentralized conditions. “During stress testing, 122 validators were active and running validator+sentry nodes. Thus, the network was truly decentralized, ensuring reliable results.” The blog post also stated that performance tweaks could result in even higher Read more …

How Can You Not Be Bullish on Bitcoin? Analyst Asks Due to New Data

Despite positive fundamental trends, not all involved in the cryptocurrency industry are bullish on Bitcoin. Take the example of Peter Schiff, the CEO of Euro Pacific Capital, who recently said that BTC is likely to fall below $9,000. As reported by Bitcoinist, Schiff wrote: “Gold seems to be chipping away at resistance just below $1,800 while Bitcoin is simultaneously chipping away at support just above $9,000. I expected both resistance and support to give way, with gold surging as Bitcoin collapses.” Gold seems to Read more …

OKCoin Launches Its Own DeFi Price Oracle Based on Compound Tech

OKCoin fired up its own price oracle for the DeFi space with data traceable back to its origin, offering verified accuracy.  “OKCoin has launched OKCoin Oracle, a signed price feed that can be used for reliable on-chain pricing in support of the burgeoning DeFi ecosystem,” OKCoin director of communications, Will McCormick, told Cointelegraph.  He added: “OKCoin Oracle acts as a trusted source of market data, and anyone can publish OKCoin pricing on-chain. Once on-chain, OKCoin is verifiable as the source Read more …

China to Test Digital Yuan on Food Delivery Platform With 435 Million Users

The People’s Bank of China (PBoC) is planning to add the Tencent-backed food delivery giant Meituan Dianping to its list of platforms that will test real-world use cases of the digital yuan. Meituan Dianping is a Beijing-based food delivery platform that currently boasts of more than 435 million active users and billions of dollars of daily transactions. This creates a huge opportunity for the mass adoption of the digital yuan, which is also referred to as the Digital Currency Electronic Read more …

Hangzhou International Blockchain Week 2020 Concluded | Collection of Guest Speakers’ Views

Advertisment Hangzhou International Blockchain Week 2020  has been successfully held at Future Sci-tech City, Hangzhou. The event, with supports from state-backed blockchain alliance BSN and a lineup of leading blockchain organizations, brought together a dynamic mix of entrepreneurs, investors and medias of the blockchain industry as well as the fintech space to talk about blockchain and cryptocurrency in an effort to push the innovation and evolution of the ecosystem, covering topics of industrial blockchain, DeFi, stablecoins, exchange, Web3.0, IPFS, Ethereum 2.0. You Read more …

ChainUP Offers Credit Card Services in over 146 Countries and Regions

Advertisment Singapore, 15th July, 2020 – Leading blockchain technology service provider ChainUP is pleased to announce that it now offers fiat-to-crypto credit card services in more than 146 countries and regions. The new payment gateway supports more than 40 of the top cryptocurrencies such as BTC, ETH, BCH etc. and integrates more than 300 different payment methods such as Visa, Master Card, Apple Pay and many others. You want the latest news about Crypto? Then follow us on Google News! Read more …

Big Four Firms to Become ‘Crucial Part’ of DeFi Ecosystem by 2030

Big Four accounting firms like KPMG and Deloitte will become an important part of the decentralized finance — or DeFi — in the coming decade, according to Berlin-based non-profit think tank dGen.  In its report titled “Decentralised Finance: Usecases & Risks for Mass Adoption,” dGen focuses on what it calls “the hottest topic in the blockchain industry today.”  According to dGen, although DeFi is still in its infancy, it “could leapfrog the current FinTech industry, providing a new structure of Read more …

Crypto Travel Firm’s Bookings Skyrocket 68% Following Expedia Partnership

Cryptocurrency travel platform Travala.com saw the number of rooms booked through its platform grow sharply after a recent integration with booking giant Expedia. According to Travala.com CEO Juan Otero, the firm’s booking revenue increased by 75% in the two weeks after partnering with Expedia. The overall number of bookings grew by 68% over the same period. Otero explained that the portion of bookings paid for with crypto assets has also sharply increased: “We’re also seeing a sharp increase in the Read more …

This DeFi Crypto Has Yielded 600% Profits This Year; Here’s Why

A dollar invested in KNC crypto token at the beginning of 2020 is now worth $6. The supersonic price rally appeared amid an escalating craze around decentralized finance projects. KNC, a DeFi crypto itself, powers Kyber, one of the most active decentralized exchanges by volume. Meanwhile, the token is also at the center of a multitude of Kyber operations, which include staking, delegation, and collateralization. KNC surged 600 percent YTD against the top cryptocurrency Bitcoin. Source: TradingView.com Traders are bullish Read more …

HOPR Data Privacy Testnet to Launch Following Investment by Binance

Swiss data privacy startup HOPR is launching its first public testnet shortly after securing $1 million in investment from investors like Binance. HOPR said that the startup is preparing to launch the testnet and community support program on July 16.  The event will feature rewards in MakerDAO’s stablecoin Dai (DAI). Token sale date undisclosed The HOPR project was launched in response to increasing concerns over online data privacy. The Swiss company develops open-source tools for the Web 3 ecosystem and Read more …

Revolut’s Crypto Trading App Expands to 49 States Following Significant Delays

Major British fintech firm Revolut is expanding its cryptocurrency trading services in the United States. As of July 15, users across the country — with the exception of Tennessee — can trade cryptocurrency on Revolut’s app. The original plan was to introduce this service in April. The crypto offering will be provided in partnership with Paxos. Revolut’s service has been available to the neobank’s European clients for several years now. Edward Cooper, head of crypto at Revolut told Cointelgraph that Read more …