Paypal Crypto Shows ‘Really Great Results’ Amid Strongest Quarter Ever, CEO Says – Featured Bitcoin News

The CEO of Paypal has revealed that the company’s cryptocurrency business is showing “really great results.” The first quarter was Paypal’s best quarter ever overall and the strongest year in the history of the company, the CEO emphasized. Paypal Sees ‘Really Great Results’ in Its Crypto Efforts Payments giant Paypal reported its first-quarter earnings Wednesday. During the company’s earnings call, President and CEO Dan Schulman said his company “generated $6.033 billion of revenue in Q1, growing a record 31% spot and 29% on an FXN basis.” He said this is…

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Miami commissioner wants to let residents pay taxes in Bitcoin

A Miami-Dade County commissioner is backing a new resolution to allow residents to use cryptocurrencies like Bitcoin (BTC) to pay local taxes. According to a Thursday document acquired by the Miami New Times, County Commissioner Cohen Higgins has brought a resolution to Miami-Dade’s Infrastructure, Operations and Innovations Committee calling for the establishment of a 13-member crypto task force. The task force would examine the feasibility of allowing residents to pay their county taxes, as well as pay for fees and services, using digital currencies including Bitcoin, Ether (ETH) and Litecoin…

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LTC price hits 13-month high against Bitcoin — All-time high next for Litecoin?

Litecoin (LTC) prices surged by up to 35% to hit a one-year high against Bitcoin (BTC) this week, prompting analysts to predict an extended upside momentum for the remainder of the ongoing monthly session. LTC/BTC 1-week candle chart (Binance). Source: TradingView The LTC/BTC exchange rate touched 6,358 sats during the Asia-Pacific trading hours. The pair later corrected to an intraday low of 5,776 sats ahead of the London opening bell as profit-taking sentiment grew near the sessional peaks. But according to data collected from Glassnode, the downside correction did little…

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Telcoin (TEL) gains 300% after layer-2 migration to the Polygon network

The ability to send money to anyone, anywhere, at any time was one of the original motivations behind Bitcoin (BTC) that helped give rise to the expanding cryptocurrency ecosystem that exists today.  Blockchain-based global remittance platforms are one sector of crypto projects that have evolved over time to help meet the needs of peer-to-peer money transactions, and Telcoin (TEL) is one such project that has made significant gains in 2021. TEL/USDT 4-hour chart. Source: TradingView Data from Cointelegraph Markets Pro and TradingView shows that the price of Telcoin has surged more…

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Why Governments Can’t Ban Bitcoin

Worried About A Ban? Then You Need Bitcoin More Than You Think Skeptics often argue that governments will ban Bitcoin when it becomes too important and threatens national sovereignty. At least these critics understand Bitcoin’s importance and the power that state currency monopolies exert over us. What they fail to understand is the power of distributed open-source technologies and the game theory faced by governments when making these decisions. TLDR: Bans are ineffective—they merely cede global technological power to peers. Authoritarian governments are more inclined to attempt regressive regulations. If…

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The NFL Gets a Taste of Crypto as Grayscale Partners With the New York Giants – Bitcoin News

The world’s largest cryptocurrency asset manager Grayscale Investments has announced the first partnership with a National Football League (NFL) team. Grayscale will be the official digital currency asset management partner for the New York Giants and will sponsor a number of events. Grayscale Investments Partners With the New York Giants Following a number of NBA teams getting in on crypto-asset acceptance and partnering with crypto companies, Grayscale Investments has revealed a partnership with the NFL team the New York Giants. Grayscale, a crypto asset manager with over $46 billion in…

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Analysts suggest Dogecoin traders are rotating profits into large-cap altcoins

Every cryptocurrency bull market has at least one surprise catalyst that comes out of nowhere to excite traders and spark massive trading volumes that lift the total market capitalization to new highs.  The 2021 bull market is no exception to this rule, and one of the biggest catalysts for growth this year has been the explosive popularity of Dogecoin (DOGE), which has made headlines in traditional and alternative financial circles as its price surge to new all-time highs over the past few months. DOGE/USDT 4-hour chart. Source: TradingView With such…

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Is China softening on Bitcoin? A turn of phrase stirs the crypto world – Cointelegraph Magazine

They were only two seemingly innocuous words: “investment alternatives.” But when applied to Bitcoin — the seminal cryptocurrency — by an official from the People’s Bank of China in a recent panel discussion, they reverberated like a firecracker. “A remarkable step for BTC,” Lennix Lai, director of financial markets at OKEx, calls the statement. Michael Peshkam, executive in residence at European business school INSEAD, describes the central banker’s remarks as “a significant shift in the country’s position” on crypto. To recap: On April 18 at a CNBC event at the…

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Bitcoin Miners Made $1.7 Billion In April

The Bitcoin mining industry saw its second strongest month ever in April 2021, generating total revenue of $1,702,531,320, or $56,751,044 per day on average, as a spike in transaction fees helped make up for slight downward pressure on price. Total miner revenue per day in the month of April 2021. The strong total revenue figures can be partially attributed to the fall in hash rate that occurred earlier in the month, slowing the pace at which blocks were mined, leading to increasingly competitive (and expensive) transaction fees. Three-month view of…

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The Eiffel Tower Non-Fungible Token Has Been Sold for 38 ETH – Sponsored Bitcoin News

sponsored OVR.ai has sold the Eiffel Tower, putting it for sale as Non Fungible Token on OpenSea for about $106.9K USD. In fact, the auction ended a few days ago, reaching a value of 38.6159 ETH. The Eiffel Tower NFT was a package of 60 OVRLands and it was on sale on Opensea for only a couple of days. The investor (AKA Camembert) who won the auction of Eiffel Tower is already known in the NFT world, as he’s already bought another famous non fungible token, the one of Cristiano…

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