PayPal to offer crypto payments for merchants, limited trading on Venmo

After a limited buy/sell/hold crypto trading launch that “exceeded expectations,” PayPal CEO Dan Schulman said on the company’s Q4 earnings call today that the payments giant is ready to double down on cryptocurrencies.  “We also saw an exceptional response from our crypto launch,” said PayPal CEO Dan Schulman. “[…] The volume of crypto traded on our platform greatly exceeded our expectations.” Schulman said that crypto would be accepted “as a funding source when [users] shop at any of our 29 million merchants” late first quarter, and that 2021 will feature an…

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Dan Tapiero launches $200M investment fund for late-stage crypto firms

Macro investor Dan Tapiero has launched a $200 million fund intended to invest in mid- to late-stage companies in the digital asset ecosystem. According to a Notice of Exempt Offering of Securities filing today with the U.S. Securities and Exchange Commission, or SEC, Tapiero and his 10T Holdings partners Michael Dubilier and Stan Miroshnik have given the regulatory body notice of a $200 million growth equity fund for crypto and blockchain firms. The filing shows the fund has already sold $124 million of the original investment. The SEC filing notes…

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UK investment manager sells off half BTC holdings after $750M win

United Kingdom-based Ruffer Investment Management has made more than $750 million from its Bitcoin investment in less than two months, but it has decreased the size of its holdings. According to a report from British news outlet The Telegraph, Ruffer saw “immediate fireworks” after investing roughly 2.5% of its assets into Bitcoin (BTC) in November 2020, resulting in millions of dollars in gains as the price of the crypto asset rose past $20,000 and on to a new all-time high of more than $42,000 in January. Rather than HODLing it…

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Altcoins and DeFi tokens rally as Ethereum price hits $1,650

Sentiment throughout the cryptocurrency sector continues to improve as Ether (ETH) price ventured into uncharted territory and notched a new all-time high of $1,653 on Feb. 3.  Meanwhile, Bitcoin (BTC) bulls appear to have their eyes set on the $40,000 mark and according to Cointelegraph analyst Marcel Pechman, this Friday’s $1 billion BTC options expiry favors bulls. Data from Cointelegraph Markets and TradingView show a price increase of 4.46% for the top cryptocurrency, which currently trades at $36,994, while Ether is up 8.38% and trades at $1,633. BTC/USDT 4-hour chart.…

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Recent Bitcoin Consolidation Suggests Move Past $40k is Imminent

Bitcoin has pushed higher over the past day, which comes at a time where most major altcoins are all seeing immense upwards momentum Where the market trends next will undoubtedly depend on whether or not BTC and ETH can remain stable or continue climbing higher While sharing his thoughts on where the crypto might trend in the near-term, one analyst explained that Bitcoin’s recent consolidation phase has been incredibly bullish He now expects the entire market to surge higher, with bulls likely being able to push Bitcoin past $40,000 thanks…

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Chrissy Teigen Has Officially Become a Tone-Deaf Jedi – CCN.com

Chrissy Teigen just tweeted that she accidentally purchased a $13,000 bottle of wine. Twitter is beside itself at the humblebrag. This isn’t the first time Teigen has been tone-deaf on Twitter, and it won’t be the last. Chrissy Teigen is just like the rest of us. At least that’s what she wants you to believe. But not too many of us have accidentally purchased a $13,000 bottle of wine, as she tweeted out on Wednesday. Somehow, that wasn’t even the most annoying part of her tweet. Chrissy Teigen Has Gon’…

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CME chief economist hints Bitcoin is gaining ground on gold as a hedge

CME Group’s chief economist and managing director, Bluford Putnam, recently acknowledged that Bitcoin is competing with gold as a hedge against inflation. “Gold appears to have an emerging competitor in Bitcoin,” told Bloomberg for a video released on YouTube on Tuesday. “Given the current price range for gold, it is likely that increased production will be a feature of 2021,” he said. Gold’s supply is less clearly defined than Bitcoin’s. Built into the asset’s code, BTC touts a set maximum limit of 21 million coins, dispersed into circulation on a…

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Mark Cuban issues burn notice on offensive ENS domain

Someone sent Mark Cuban a profane Ethereum Name Service domain a few days ago. After observant Twitter users recently tracked down his ether address, it was only a matter of time before a wave of unwanted spam transactions made their way into his account. This is, after all, the internet. Here there be monsters. While it isn’t entirely clear what the presumed troll’s endgame was, the word was nonetheless offensive enough to raise some eyebrows at Cointelegraph, and we don’t intend to reprint it here. Suffice to say, a decent person…

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Lil Uzi Vert Gives Us 24 Million Reasons to be Alarmed – CCN.com

Rapper Lil Uzi Vert just revealed his latest body art: a diamond carved into his forehead. He allegedly spent $24 million on the naturally pink diamond. While it does show creativity, it’s also a very creative way to waste money. Lil Uzi Vert is losing his marbles. Actually, he may never lose his marbles again now that they’re fused into his forehead. The “Eternal Atake” rapper just spent a boatload of cash on a diamond that’s apparently been surgically inserted into his forehead. That is not a typo. Make no…

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