PayPal is said to be in the process of buying Curv, a technology firm that powers the secure storage of cryptocurrency, news outlet CoinDesk reported Tuesday, citing three sources familiar with the situation. From the report: Israeli news outlet Calcalist reported Tuesday that Curv was being sold for between $200 million and $300 million, without naming the buyer. “PayPal is buying…
Tag: PayPal
Apple Should Create Crypto Exchange and Buy Bitcoin, Says RBC
RBC Capital Markets says Apple should follow in Tesla’s footsteps by getting into cryptocurrencies. Bloomberg reports: The iPhone maker could create a sizable new market for growth if it were to develop its Apple Wallet into a crypto exchange, said analyst Mitch Steves. “The wallet initiative appears to be a clear multi-billion dollar opportunity for the firm (potential for well over…
Bitcoin Surges 50% in Just One Month. CNN Ponders ‘Insane’ Record Run
The price of Bitcoin increased 50% — in the last four weeks. Now priced at $26,579, “Bitcoin is crashing — upward,” quips CNN Business: The digital currency has a market value north of $500 billion. Think Bitcoin is just a fad? It’s worth more than Visa or Mastercard. Or Walmart… Its rapid rise has been remarkable — or insane, depending on…
Are Cryptocurrencies Becoming Mainstream Investments?
The last time the price of bitcoin hit $20,000 was December of 2017. But Matt Luongo, the CEO of a crypto venture builder, points out to NBC News that this time the market is seeing “significant, high-conviction plays from [a few] large funds and even CEOs of publicly traded companies.” “Names like Guggenheim Partners, [hedge fund managers] Paul Tudor Jones and…
Bloomberg Columnist: Bitcoin is Part of a Real Monetary Revolution
In an eloquent essay, Scottish-American historian Niall Ferguson argues that “We are living through a monetary revolution so multifaceted that few of us comprehend its full extent.” The technological transformation of the internet is driving this revolution. The pandemic of 2020 has accelerated it… Covid-19 has been good for Bitcoin and for cryptocurrency generally. First, the pandemic accelerated our advance into…
Conspiracy Theorists Who’d First Popularized QAnon Now Accused of Financial Motives
QAnon “was first championed by a handful of people who worked together to stir discussion of the ‘Q’ posts, eventually pushing the theory on to bigger platforms and gaining followers — a strategy that proved to be the key to Qanon’s spread and the originators’ financial gain…” reports NBC News, in an article shared by long-time Slashdot reader AmiMoJo . “NBC…
Bitcoin at $100,000 in 2021? Outrageous To Some, a No-Brainer for Backers
Bitcoin investors, which include top hedge funds and money managers, are betting the virtual currency could more than quintuple to as high as $100,000 in a year. From a report: It’s a wager that has drawn eye-rolls from skeptics who believe the volatile cryptocurrency is a speculative asset rather than a store of value like gold. Since January, bitcoin has gained…
Is Bitcoin’s Growth Driven By Speculative Investors?
“Bitcoin is now trading near $18,000, up almost 100% in six months,” notes Bloomberg columnist Lionel Laurent, “and it’s flirting with an all-time high reached in 2017 (which, given it was followed by an ugly crash, faithful Bitcoiners would rather forget)…” . But what exacty does that mean? He challenges the notion that Bitcoin is the new wealth-protecting investment like gold,…
PayPal Now Lets All US Users Buy, Sell and Hold Cryptocurrency
It was teased last month, and now it’s official: PayPal is bringing its newly-announced support for cryptocurrency to all US accounts. Engadget reports: PayPal says all eligible users can start buying, selling and holding bitcoin, litecoin, ethereum and bitcoin cash. Beginning next year, PayPal also plans to bring cryptocurrency into Venmo and will allow users to pay merchants with their cryptocurrency…
Epic Games Sues Apple For Pulling Fortnite From App Store
Epic Games has filed legal papers in response to Apple, read more here (PDF). From the filing: Epic brings this suit to end Apple’s unfair and anti-competitive actions that Apple undertakes to unlawfully maintain its monopoly in two distinct, multibillion dollar markets: (i) the iOS App Distribution Market, and (ii) the iOS In-App Payment Processing Market. Epic is not seeking monetary…