PayPal to allow US customers to use cryptocurrencies in online shopping March 30, 2021 PayPal is set to allow its US customers to use their cryptocurrency assets to pay online, a move that may signal a shift towards digital currencies for online shopping. Formally announcing the move later today, PayPal will allow customers to convert bitcoin, ether, bitcoin cash and litecoin into fiat currencies at checkouts, the company told [...]
Week in Sportbiz: Is crypto the next big player in sports sponsorship? Plus Extreme E’s Suez near miss and Amazon’s Six Nations interest March 25, 2021 Where US sports lead, others tend to follow, so it was with interest that industry insiders noted developments in Florida this week. Miami Heat’s home is set to be rebranded the FTX Arena after the NBA side struck a naming rights agreement with the cryptocurrency exchange. FTX will pay $135m for the 19-year deal, the [...]
ECB eases digital euro doubts and backs proposed currency to thrive March 25, 2021 The European Central Bank today eased doubts in Germany about the launch of a digital euro, insisting that the electronic cash would not be used to penalise savers or upend banks. The ECB is looking to launch a digital version of the euro within the next five years to see off competition from cryptocurrencies such [...]
Jack Dorsey’s first-ever tweet sells for $2.9m as a non-fungible token March 22, 2021 Twitter boss Jack Dorsey sold his first tweet as an NFT for just over $2.9m earlier today. The tweet is in the form of a non-fungible token (NFT) – a kind of unique digital asset that has exploded in popularity so far in 2021. Each NFT has its own blockchain-based digital signature, which serves as [...]
Panic reflation, oil plunge and Bitcoin-led chip shortage March 19, 2021 Market sentiment is mixed this Friday morning. The Powell boost did not last long on the US equities which returned to the reflation setup. Investors sold tech stocks aggressively, sending Nasdaq 3 per cent lower during Thursday’s trading session. The S&P500 shed 1.48 per cent, as Dow Jones (-0.46 per cent) remained somehow resilient to [...]
Cathie Wood: Low rates and quantitative easing drive interest in Bitcoin February 25, 2021 Cathie Wood, the well-known U.S. investor and founder of Ark Investment Management, said today that Bitcoin is in its “early days” given its diverse use cases. However, Wood emphasised Bitcoin’s potential as a hedge in a global economy of low rates and quantitative easing. “The dollar is down which is normally a positive cue for [...]
Crypto: Despite the risks, is Bitcoin becoming mainstream? February 24, 2021 2020 was a record-breaking year for Bitcoin, and this year may not be any different. Despite its spectacular drop last week, the crypto frenzy is far from over. Banks, well-known business leaders and investors all seem to jump on the digital currency bandwagon. Bitcoin has come a long way since it first launched in 2009, when [...]
Bitcoin boom delivers cryptocurrency $1 trillion market cap February 19, 2021 Bitcoin has for the first time hit a market cap of $1 trillion, following a month that saw the cryptocurrency rocket more than 60 per cent in value. The world’s most popular cryptocurrency is now worth nearly $54,000 at the time of writing, a new all-time high. Bitcoin’s gains have been fueled by signs it [...]
Bitcoin soars to new high as market cap edges closer to $1 trillion February 19, 2021 Bitcoin has jumped another 2.6 per cent today, to an all-time high of $52,932, putting it within touching distance of a market cap of £1 trillion. The world’s most popular cryptocurrency is on track for a weekly jump of more than eight per cent, having surged around 60 per cent so far this month. Bitcoin’s [...]
Bitcoin price through the roof as celebrities jump on the crypto bandwagon February 17, 2021 Bitcoin hit a new record high of $51,300 on Wednesday, up 4.7 per cent in a day. The rise tops off a week of enthusiasm for the cryptocurrency, which saw its price surge above $50k for the first time on Tuesday. Bitcoin has risen 900 per cent since March of last year and many famous [...]