The demand for cryptocurrency exceeded PayPal’s initial expectations after the firm launched crypto trading in late 2020, according to the company’s CEO. “Demand on the crypto side has been multiple-fold to what we initially expected. There’s a lot of excitement,” PayPal president and CEO Dan Schulman said in a Sunday interview with Time magazine. Schulman said that existing financial infrastructure needs modernization because it’s “inefficient today” due to overly expensive, slow international transactions. The CEO predicted that the financial system is poised to see more changes in the next five to 10 years than it has experienced over the past …

Bitcoin (BTC) is expected to dip as low as $32,500 in the short term after several crucial support levels faded to nothing on Friday. BTC/USD hit lows not seen since early March on Friday, as analysts line up their prognoses — and buy orders — in the latest Bitcoin price correction. Brandt plans to buy Bitcoin at $32,501 BTC pullbacks tend to frighten new investors, while old hands seem to battle one another for who can put on the coolest persona as the numbers fall. As the largest cryptocurrency fell through $53,000 and then $50,000, however, signs of bearishness for …

Bitcoin (BTC) may be making long traders miserable, but one bullish analyst says that he is “relieved” that it has shed 22% in a week. In his latest social media update, quant analyst PlanB noted that the price dip to under $48,000 has sent BTC/USD below its target laid out by his stock-to-flow price model. “Astonishing” stock-to-flow gets it right again As such, Bitcoin is no longer “front-running” stock-to-flow, which is traditionally a highly accurate price forecasting tool. After trading above its required level, PlanB suggested that he had become concerned progress was becoming inorganic. “I am sort of relieved …

A startup in a blockchain ecosystem says it eliminates the conflicts of interest that are often seen on fiat platforms. Value Network enables users to create binary options markets based on their very own parameters, including asset pair, price level and time of expiration. This peer-to-peer approach means they don’t have to bet against centralized brokers, some of whom have been linked to scams and fraud in a largely unregulated space. Binary options expire at a set date in the future — with a yes or no outcome. A successful bet means users win the funds of those who had …

The chief investment officer of investment giant Guggenheim has repeated his warning that Bitcoin (BTC) will crash to $20,000. In an interview with CNBC on April 20, Scott Minerd warned again that Bitcoin could lose half of its value in a pullback. Familiar Bitcoin bear target resurfaces “Given the massive move we’ve had in Bitcoin over the short run, things are very frothy, and I think we’re going to have to have a major correction in Bitcoin,” Minerd told the network. Bitcoin lingered near $55,000 on April 21, having bounced off $52,000 in the latest pullback of its 2021 bull …

Holger Zschaepitz, a market analyst at Welt, emphasized that Bitcoin (BTC) is nearing the valuation of Google, as it heads toward $1.5 trillion in market capitalization. Currently, as of April 17, the market cap of Bitcoin is hovering at around $1.12 trillion as the entire valuation of the crypto market remains comfortably above $2 trillion. What is the similarity between Bitcoin and Google? The similarity between Bitcoin and Google that Zschaepitz pointed out is that both have dominance in their respective sectors. Bitcoin has the strongest network effect in the cryptocurrency market, accounting for more than 51% of the global …

After breaking out of the two-months ascending triangle, the price of Bitcoin (BTC) is firmly staying above $60,000. Current on-chain volume suggests investors are still strongly buying Bitcoin at current price levels. Furthermore, the current price is not even close to a short-term price top when comparing to historic network valuation multiples. BTC price bull run not overheated, investor activity shows While bear market bottoms often coincide with seller exhaustion, bull cycle tops happen to occur with buyer exhaustion. Watching long-term investor activity during the different stages in a bull market proved to be a good indicator for BTC price …

The European Central Bank will put itself in jeopardy if it waits around o a digital euro for too long, according to an executive at major cryptocurrency firm ConsenSys. ConsenSys South Africa lead Monica Singer joined the European Blockchain Convention to discuss the role of the private sector in shaping global central bank digital currencies, or CBDCs. She spoke of CBDC-powered benefits and opportunities in a Monday panel with BNP Paribas CIB digital transformation leader Dean Demellweek and Philipp Sandner, a professor at the Frankfurt School Blockchain Center. Singer — who served more than 18 years as CEO of South …

Coinbase CEO Brian Armstrong has addressed the platform’s transaction fees as the company's shares list on Nasdaq today. In a CNBC Squawk Box interview on Wednesday, Armstrong discussed public concerns associated with Coinbase’s massive returns coming from transaction fees. As previously reported, nearly 96% of Coinbase’s entire revenue in 2020 was generated from transaction fees charged to users. When asked about the potential impact of greater competition on transaction fees on Coinbase, Armstrong said that the platform might see some fee reduction in the long term: “We haven't seen any margin compression yet, and I actually wouldn’t expect to see …

The Simpsons, one of the most popular animated sitcoms in TV history, has made a rather bullish prediction for the price of Bitcoin. In Sunday's episode of the 31-year-running cartoon, titled "Burger Kings," the characters get into the financial market for stocks of a new burger chain created by the town's billionaire, Montgomery Burns. When Marge is checking on her gains during an episode of "Crazy Cash" — seemingly parodying Jim Cramer’s Mad Money — the ticker feed clearly shows the price of Bitcoin (BTC) next to a green infinity symbol. Other comedic predictions include the value of the entire …

JPMorgan Chase expects Bitcoin (BTC) to reach $130,000, while Ark Invest anticipates the market valuation of BTC to surpass that of gold. The optimistic macro prediction from both funds revolves around the scarcity of Bitcoin, which has buoyed its popularity as a safe-haven asset. Why are both high-profile funds so optimistic about Bitcoin? As Cointelegraph previously reported, the outlook of the U.S. dollar index is on the decline. The fear of inflation and the increasing liquidity in the financial markets is causing reserve currencies, like the dollar, to depreciate. Ark Invest, as an example, sees Bitcoin nearing $500,000 in the …

Bitcoin (BTC) is primed for a price breakout after beating out volatility, but April may still produce a surprise sell-off. In his latest market update on Friday, Filbfilb, co-founder of trading suite DecenTrader, said that he now expects upside to take over on BTC/USD. BTC “threatening a breakout” Bitcoin has recovered from its flash crash earlier in the week and briefly hit $60,000 overnight on Friday. With seven-day gains still at 13%, there are plenty of reasons to be bullish in the short term now that consolidation looks set to conclude, Filbfilb argues. “With the weekend looming amidst a buoyant …