PayPal’s new crypto unit just traded over $240 million in a single dayBTC $34,770 (+2.6%) • ETH $1065 (+3%) • LTC $137 (+4.6%)
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The division launched last year after PayPal made a big push for building out and expanding its crypto business. Paypal’s new crypto exchange traded north of $242 million in a single day on Monday, data from itBit, the firm’s exchange partner, showed. Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. Trending … 🚜 DeFi Tokens • 🔮 Oracle Tokens • 📈 Biggest Gainers • 💵 Stablecoins More news ⏬Bitcoin veteran has $220 million in a locked wallet…and he can’t access itYou don’t want to be Stefan Thomas, the owner of 7,002 Bitcoin, right now. Bobby Ong on why he started CoinGecko, building a team in Malaysia, eschewing venture capital and moreCryptoSlate recently had the opportunity to chat with Bobby Ong, the co-founder of CoinGecko. Prominent crypto skeptic admits he may have underestimated BitcoinBitcoin bounces at $30k support to allay fears of a complete capitulation. What is Avalanche (AVAX) and why is it up 125% this past week?Both Bitcoin and Ethereum have seen large retracements since their recent highs of $42,000 and $1,350, respectively. Pro-Bitcoin U.S. Treasury official calls DeFi the future in op-edThe Ethereum decentralized finance (DeFi) space saw a renaissance in 2020 led by the release of new platforms such as Aave and iEarn (now Yearn), along with the rise of liquidity mining schemes that managed to draw hundreds of thousands into this space. Bitcoin frenzy? Coinbase surpassing $9 billion in daily volume shows big demandThe demand for Bitcoin is increasing as the rising volatility shows. KardiaChain CTO on bringing the whole Vietnamese population onto the blockchain, crypto predictions and moreCryptoSlate recently had the opportunity to chat with Huy Nguyen, CTO and Co-Founder of interoperable blockchain, KardiaChain. DeFi exchange 1inch reaches $10 billion in trading volumesThe decentralized exchange traded over $222 million in the past day alone. Data shows Bitcoin sells are being scooped up by BTC whalesBitcoin jubilation turns to panic as the market downturn takes hold. Shyft Network’s Joseph Weinberg on the meaning of Bitcoin (and DEXs for 8 billion people)
The DeFi market has boomed in 2020, attracting billions of dollars across use cases like lending, derivatives, decentralized exchanges, and others. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to the content within this article.
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