Yesterday the leading crypto, Bitcoin (BTC), managed to break for the third time in 2020 the key level of USD 12,000. The question in the moment: will it manage to stay? And today Bitcoin surprised us all after hitting a new high for 2020.
Bitcoin gets a boost that takes it to the moon
Today PayPal announced that its customers will soon be able to buy, sell and even spend Bitcoin and other cryptos. What?!
“The change to the digital forms of currencies is inevitable, bringing with it clear advantages in terms of financial inclusion and access; efficiency, speed and resilience of the payment system; and the ability of governments to disburse funds to citizens quickly ”, said Dan Schulman, PayPal’s president and CEO.
Let’s keep in mind that PayPal is one of the most important payment providers that currently exist in the world! In fact, according to Statista, it has 346 million active accounts and $ 222 billion in volume processed in the second quarter of 2020. The impact of this news is huge!
Right now, the price of Bitcoin stands at $ 12,767, a 6.94% increase in the last 24 hours.
And, just think about the possibilities for crypto. Basically, the doors have just opened to 346 million people; the possibilities in terms of adoption are incredible.
This is how PayPal managed to push Bitcoin to set a new record in 2020.
The news was not exclusively positive for Bitcoin. Wall Street also reacted positively taking PayPal’s share price (PYPL) to $ 215.87; managing to surpass its previous historical maximum of $ 212.38.
1.8 million BTC have been inactive for more than 10 years
According to data from Glassnode, 10% of the total supply of Bitcoin has been inactive for more than 10 years; This means that more than 1.8 million of the leading crypto or, which is equal to USD 22 billion, have not moved in that time.
The leading crypto is more popular on Reddit than sex
A user on Reddit noted how the world has changed after r / Bitcoin reached 1,707,705 million subscribers. While r / sex has a little over 1.7 million.
This means that in the Redditor community, the crypto leader is even more popular than sex.
OKEx resumes certain operations, but not crypto withdrawals
After much controversy and uncertainty, the crypto exchange OKEx announced that it has reopened the crypto purchase capacity as well as its P2P service. However, crypto withdrawals remain suspended.
At the moment, the information about what happened with OKEx is really vague. Yet the crypto exchange has assured the public multiple times that their funds are safe.
In a few lines …
- Wirex, Mastercard’s first crypto partner, enabled subscriptions for its multi-currency Mastercard as it plans to launch it in the UK in November.
- CasperLabs, Ethereum’s proof-of-stake and competition blockchain, raised $ 14 million in a crypto sale.
- Hijackers in Argentina asked for Bitcoin in exchange for freeing a merchant.