PayPal Reveals Its Plans for Crypto | This Week in Crypto – Mar 8, 2021

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Author: Nick Marinoff

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 PayPal adding more cryptos, Wall Street embracing Bitcoin and China Stops Mining? These stories and …

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Can 0.01BTC Make You a Millionaire? | This Week in Crypto – Mar 15, 2021

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Author: Nick Marinoff

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NFTs stealing the show from Bitcoin’s All-Time High, the US government auctioning crypto and can …

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Bitcoin Achieving MASSIVE Global Recognition | This Week in Crypto – Feb 22, 2021

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 Bitcoin busts through a trillion dollars in market cap, MicroStrategy borrows big for more …

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Elon Musk Manipulating Crypto Prices? | This Week in Crypto – Mar 1, 2021

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 Elon Musk manipulating the crypto markets, JP Morgan suggesting Bitcoin as a hedge and …

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Major Companies Flocking Into Crypto | This Week in Crypto – Feb 15, 2021

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 Tesla—the electric car company of Elon Musk has purchased more than $1.5 billion worth …

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Bitcoin’s Twitter-volume spikes to new all-time highs on Elon pump

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https://www.cryptotrader.sg/wp-content/uploads/2019/03/cropped-logo2-32×32.png Author: cryptotrader

Social media activity for Bitcoin is at an all-time high following a massive endorsement from Tesla CEO, Elon Musk.

Speaking to Cointelegraph, co-founder and CEO of crypto data provider The TIE, Joshua Frank, noted there have been 143,000 tweets over the last 24 hours from “non-bot accounts.”

On Feb. 8, news that electric vehicle maker Tesla had added Bitcoin to its balance sheet sent prices and market sentiment to record highs. BTC prices hit an all-time high of $47,500 in early Asian trading on Feb. 9.

“I think that it’s definitely clear that retail is here. We are seeing absolutely massive surges across the board in twitter activity, trading activity, and price movement for altcoins which institutions are not touching. Today’s movement can absolutely be attributed to Elon Musk, but BTC social activity has been on a tear all year.”

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Singapore’s Diginex to Offer USD Loans With Bitcoin As Collateral, Asian Market Stays Hot

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https://www.cryptotrader.sg/wp-content/uploads/2019/03/cropped-logo2-32×32.png Author: cryptotrader

Diginex said that it will let traders borrow Bitcoin for the short-selling purpose as part of the hedging strategy. The lender on Diginex will receive a fee for the same. Such traders are most likely to start by the next month said Diginex chief executive.

As it turns out, more investment firms are warming up to Bitcoin and are eager to offer dollar loans with Bitcoin as collateral. As per the latest report from SCMP, Singapore-based Nasdaq-listed crypto exchange Diginex is willing to offer crypto lending and borrowing services to its clients starting March 2020.

Diginex chief executive Richard Byworth said that this service will help to capture institutional demand.

Diginex said that it will let traders borrow Bitcoin for the short-selling purpose as part of the hedging strategy. The lender on Diginex will receive a fee for the same. Such traders are most likely to start by the next month said Diginex chief executive.

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Here are the best and worst times of the day to use Ethereum

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https://www.cryptotrader.sg/wp-content/uploads/2019/03/cropped-logo2-32×32.png Author: cryptotrader

Anyone who has used Ethereum in 2020 knows the frustration of paying for gas, the measure that represents a transaction’s computational weight. With gas prices sometimes rising up to 100 to 200 gwei, a unit equal to one billionth of an Ether (ETH), many users are finding themselves priced out of the action.

The easiest trick is simply avoiding making transactions during certain times of the day. New research from Flipside Crypto shows that the Ethereum blockchain shows quite specific patterns of congestion that a savvy user can exploit to pay less in gas.

The chart shows that, on average, the Ethereum blockchain is busiest from 1 PM UTC to about 6 PM UTC, corresponding approximately to the early U.S. trading session between 8 AM EST and 1 PM EST. This is likely no coincidence, as during this time window both Europe and the U.S. are fully awake and at work.

By contrast, the least busy period is between 9 PM UTC and 11 PM UTC. This also makes sense — The U.S. workday is coming to a close, Europe is getting ready to sleep, while in Asia it is still very early in the morning. In addition to lower average values, the evening UTC period also sees fewer outliers.

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Elon Musk: Bitcoin is on the verge of seeing broader acceptance by finance

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https://www.cryptotrader.sg/wp-content/uploads/2019/03/cropped-logo2-32×32.png Author: cryptotrader

Bitcoin (BTC) is on the verge of seeing broader acceptance, Elon Musk, the CEO of Tesla, said in a Clubhouse conversation on Feb. 1.

On Jan. 29, Musk put the word “Bitcoin” in his Twitter bio, causing the price of BTC to rally by more than 14% in 30 minutes.

After the occurrence, Bitcoin investors and enthusiasts were highly anticipating positive comments about crypto, in general, from Musk.

“I do think Bitcoin is a good thing. I’m a supporter of Bitcoin. I think Bitcoin is on the verge of getting broad acceptance by conventional finance.”

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Singapore Exchange to streamline trading processes with blockchain tech

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https://www.cryptotrader.sg/wp-content/uploads/2019/03/cropped-logo2-32×32.png Author: cryptotrader

Singapore Exchange, or SGX, has announced a joint venture with investment firm Temasek to use DLT to streamline the issuance and trading of financial products listed on its platform.

According to a Friday report from Nikkei Asia, this will initially consider bonds, funds and sustainable financial products, and it may be extended in the future to cover other asset classes such as equities.

SGX has previously collaborated with Temasek and banking giant HSBC in a trial using blockchain technology to issue fixed-income securities. The first results of this trial came in September 2020, with a $300-million bond issuance for local food and agribusiness company Olam International.

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