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Media: PayPal and Venmo will launch the cryptocurrency purchase function

PayPal-and-Venmo-will-launch PayPal and Venmo will launch the cryptocurrency purchase function

PayPal and its Venmo mobile payment service plan to provide their 325 million users with the opportunity to directly purchase cryptocurrencies.

This was reported by CoinDesk, citing sources familiar with the situation. The publication notes that at the moment PayPal can be used to withdraw funds from some cryptocurrency sites, but the service has never been used to purchase cryptocurrencies before.

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Nassim Taleb: most Bitcoiners do not understand the nuances of technology

Nassim-Taleb-most-Bitcoiners-do-not-understand Nassim Taleb | American economist

American economist and trader Nassim Taleb wrote that Bitcoin is a good idea, but most cryptocurrency users do not understand the nuances of its work.

Nassim Taleb participated in a discussion on Twitter with the "Bitcoin maximalist" Giacomo Zucco. Zucco questioned Taleb's views on the imposition of central planning by bureaucrats and politicians, since they have no "personal interest in the success" of this strategy. 

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John McAfee Launches Decentralized Ghost Exchange

John-McAfee-Launches-DEX John McAfee | Outrageous businessman

Outrageous businessman John McAfee announced the launch of the decentralized exchange Ghost, which is associated with the eponymous anonymous cryptocurrency and will replace the McAfeeDEX platform.

The main network of the anonymous cryptocurrency Ghost should be launched today - until that moment, Ghost tokens were placed on the Ethereum blockchain. The coin will be based on the Proof-of-Stake (PoS) consensus method, and the decentralized exchange Ghost of the same name will become the main platform for trading this cryptocurrency. The site also supports BTC, ETH, DAI, USDT and ESH.

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Glassnode: percentage of inactive BTC peaked in four years

Glassnode-percentage-of-inactive-BTC Glassnode: percentage of inactive BTC peaked in four years

The share of inactive Bitcoins exceeded 60%. The largest increase in the number of inactive BTC since the beginning of the year is observed among coins purchased 10 years and 2-3 years ago.

According to Glassnode, 60.63% of all BTCs did not move for more than a year. These data indicate the consolidation of BTC ownership and that investors who bought cryptocurrency at the lowest prices in 2018 have not yet begun to profit from their investments. More than four years have passed since such a large percentage of outstanding BTC did not move for more than a year.

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Analyst Michael van de Poppe: “Bitcoin targets $ 12,000”

Michael-van-de-Poppe-Bitcoin-targets--12k Michael van de Poppe | Analyst

The Bitcoin exchange rate pushed off support at the level of $ 9,000 and, according to the popular cryptocurrency analyst Michael van de Poppe, is preparing for growth to $ 12,000.

As an analyst on the social network Twitter emphasized, it was extremely important for the "bulls" that the rate of the first cryptocurrency should not be fixed below $ 9,000. At the time of publication, bitcoin is trading at $ 9,500, which means it has re-entered the channel. Van de Popp expects that the BTC will soon break through resistance at $ 10,500 and reach $ 12,000.

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Changpeng Zhao shared four factors for the effective expansion of crypto exchanges

Changpeng-Zhao-shared-four-factors Changpeng Zhao | Binance CEO

Binance CEO Changpeng Zhao shared his secrets of success and identified four factors for the effective expansion of cryptocurrency exchanges around the world.

In an interview, Changpeng Zhao emphasized the need for "global thinking." There are many cryptocurrency platforms claiming to be international platforms. However, if we study their activities in more detail, it turns out that they are focused on one specific region, where most of the team is located. 

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Peter Brandt: XRP is a manipulated fraudulent scam

Peter-Brandt-XRP-is-a-scam Peter Brandt | an analyst and experienced trader

Peter Brandt, an analyst and experienced trader, said that Ripple's XRP cryptocurrency is a fraudulent scam, with the price of coins being constantly manipulated.

On the social network Twitter, Brandt wrote that over time, the fourth cryptocurrency capitalization rate will drop to almost zero, and in general it is a fraudulent scam. He stated that XRP fans only need to wait a bit. 

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Bloomberg analyst: Bitcoin could reach $ 20,000 this year

Bloomberg-analyst-Mike-McGlone Mike McGlone | Bloomberg analyst

Bloomberg analyst Mike McGlone believes that Bitcoin has every chance of reaching $ 20,000 this year and updating its all-time high.

In his article, McGlone writes that technical and fundamental factors increasingly indicate a positive development for Bitcoin. So, Bitcoin is becoming an increasingly popular investment tool, the number of open positions in futures continues to grow. The attitude towards cryptocurrencies among institutional investors is changing.

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CoinMetrics notes a high correlation between the price of gold and Bitcoin

ICO-NEWS-btc-gold CoinMetrics claims that the correlation between the price movement of gold and bitcoin is quite high.

CoinMetrics notes a high correlation between the price of gold and Bitcoin in recent months. At the same time, according to VanEck, the correlation between assets has increased since March. Correlation is a statistical relationship between two or more random variables. In its latest report, the analytical company CoinMetrics claims that the correlation between the price movement of gold and bitcoin is quite high, and this trend has been maintained over the past few months.

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TAIYANG ZHANG: RENVM IS A BRIDGE SERVING BTC, BCH, and ZEC

ICO-NEWS-RENVM-IS-A-BRIDGE Taiyang Zhang | CEO and co-founder of Ren

Right after Ethereum co-founder Vitaliy Buterin stated that stablecoins can transfer value between blockchains, we see the RenVM project announcing its core product on 27/05/2020. Now it is the only DeFi project brought up to bring cross-chain assets to the Ethereum ecosystem. First coins to be served that way are the following: BTC, BCH, and ZEC.

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FACEBOOK RENAMED THE CALIBRA WALLET TO NOVI

ICO-NEWS-Facebook-Calibra Facebook renamed the Calibra wallet to Novi

The Facebook Libra wallet was renamed to Novi and placed under the management of Facebook's subsidiary, Novi Financial. In a statement, Novi Financial reported that the name Novi was coined as a merger of the Latin words "Novus" ("new") and "VIA" ("path"), and the visual design of the logo should show the natural movement of digital currencies. Like the previous developer of the Calibra wallet, Novi Financial declares its independence from the parent company.

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VITALIK BUTERIN: "STABLECOINS CAN TRANSFER ASSETS BETWEEN BLOCKCHAINS"

VITALIK-BUTERI-STABLECOINS Vitalik Buterin | Ethereum co-founder

According to Ethereum co-founder Vitalik Buterin, stablecoins do not use one of the important features that allows transferring assets between blockchains. In a long discussion on Twitter, Buterin said that using this feature would increase compatibility and data exchange between different networks.

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SHOPIFY STARTED WORKING WITH COINPAYMENTS

ICO-NEWS-Shopify-CoinPayment SHOPIFY STARTED WORKING WITH COINPAYMENTS

E-Commerce platform Shopify from Canada has started working with CoinPayments. Now it will surely allow businesses accept payments using the platform (in cryptocurrencies). According to Shopify, which serves more than a million businesses in 175 countries, the partnership with CoinPayments will allow merchants of the platform to receive payment in cryptocurrencies. Last year, Shopify tested the CoinPayments solution before deploying it on the platform. Under the terms of the partnership, companies will be able to receive payments in any of the 1800 cryptocurrencies supported by CoinPayments. 

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Pavel Durov: Unfortunately, a US court stopped TON from happening

Pavel Durov: Unfortunately, a US court stopped TON from happening Pavel Durov: Unfortunately, a US court stopped TON from happening

Pavel Durov informed subscribers of his Telegram channel about the completion of work on the TON project. The team's engineers have been developing the revolutionary platform for two and a half years. The developers created a decentralized system in the spirit of Bitcoin and Ethereum with greater speed and scalability.

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Ripple is a part of ISO 20022 standardization body

ICO-NEWS-ISO-20022 Ripple is a part of ISO 20022 standardization body

Ripple has joined the ISO 20022 standardization body. Ripple is about to develop standards for data exchange and payments between global financial institutions. ISO 20022 mainly includes major international commercial banks, Central banks, and major payment companies such as SWIFT and Visa. The Ripple company became the first representative of the blockchain industry in ISO 20022.

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The Swiss Association stated the General crypto-storage standarts

The Swiss Association The Swiss Association stated the General crypto-storage standarts

Swiss Association of markets and technologies (CMTA) established standards for companies that provide services for storing and disposing of the client's property based on his written order for digital assets.

CMTA's General Secretary Fedor Poskriakov, said that the document was the first step of the Swiss financial industry towards defining common standards for storing and managing digital assets.

"This will greatly contribute to the emergence of fully digital capital market infrastructures, including integrated custody and secondary trading venues. The benefits of the digitalization of the financial industry are such that the evolution towards decentralized infrastructures​ seems i​nevitable."our quote here...

Fedor Poskriakov
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Paolo Arduino: "bridges between blockchains will make USDT transactions cheaper"

Paolo Arduino Paolo Arduino | Technical Director of the Bitfinex

Paolo Arduino, technical Director of the Bitfinex exchange, believes that bridges between different blockchains will make transactions with usdt stablecoins cheaper. Arduino facilitated the pTokens development team that launched the bridge between the EOS and Omni blockchains. In the future, such bridges for interaction between different blockchains will reduce the load on the network and help reduce transaction fees.

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LG is testing a digital payment platform based on AI and blockchain

LG is testing a digital payment platform based on AI and blockchain LG is testing a digital payment platform based on AI and blockchain

LG's IT division is testing face recognition technology based on artificial intelligence and blockchain for making payments in crypto assets. LG CNS has launched testing of a new facial recognition service for its employees. The platform includes AI, blockchain, and cloud technologies. After identifying an employee, the system allows you to automatically pay for services and products in a corporate restaurant with a digital currency based on the blockchain.

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