Bullish or bearish? PayPal hosts $242M in crypto trading over 24 hours

Global payments provider PayPal has doubled its previous crypto volume record, with $242 million worth of digital assets changing hands on the platform during Jan. 11. According to crypto market data aggregator Nomics, yesterday’s trading dwarfed PayPal’s previous volume record of $129 million recorded on Jan. 6. Since Jan. 1, daily volume has increased by 950% from $22.8. With the spike in PayPal’s volume coming amid Bitcoin’s rally into new all-time highs, the U.S.-based payments firm appears to be gathering popularity among retail traders. Nuggets News’ Alex Saunders asserted the…

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ETH 2.0 confirmed for Dec. 1 launch just hours before deadline

ETH 2.0’s beacon chain genesis has been confirmed for Dec. 1, following the transfer of 524,288 Ether from 16,384 validators into the ETH 2.0 deposit contract since it went live on Nov. 4. Despite early concerns stemming from low staking participation, transfers to the deposit contract rapidly increased over the past day — with more than 200,000 ETH being sent to the contract in the past 14 hours. Ether sent to deposit contract over time: Dune Analytics ETH 2.0’s beacon chain genesis is now set to take place on the…

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$5M staked in eight hours as community cautiously backs ETH 2.0

The long-awaited deposit contract for Ethereum 2.0 has finally been deployed, opening the doors to staking opportunities for ETH holders. Deposits began in earnest, with over $1 million in ETH landing in the contract within the first half hour, according to observer The Crypto Cactus. “$1,000,000 locked in $ETH 2.0 in 30 minutes … Just remember for anyone staking, one way bridge. I have sent across 32 ETH.” At the time of writing, around eight hours after the official announcement, just over 14,000 ETH has been staked, according to the…

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In Trading Hours, Bitcoin Is A Mature Asset – Bitcoin Magazine

Bitcoiners have to endure a lot of criticism from those who are still skeptical of the digital asset. A lot of the time, this skepticism comes from misunderstandings about the true nature of what the network is capable of. Headlines like “Bitcoin Was Hacked,” “Bitcoin Is Used By Criminals,” and “Bitcoin Is Bad For The Environment” are examples of the common misunderstandings that Bitcoiners have to disprove to their colleagues, friends and family whenever the topic comes up.  One such argument that may be difficult to counter is the fact…

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Anonymous devs behind a DeFi yield farm could steal $1B in 12 hours

Harvest Finance, a decentralized finance project that succeeded in attracting over $1 billion in funds locked has an admin key that gives its holders the ability to mint tokens at will and steal users’ funds. As noted by auditing companies PeckShield and Haechi, the governance parameters are not set by a contract with clearly defined rules. An admin key, presumably held by the anonymous developers behind the project, could be used to arbitrarily mint new FARM tokens. This power could allow the governance key holders to create an unlimited number…

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Hackers Congress Paralelní Polis Is Ready to Deliver Fifty-Eight Hours Of Freedom Content – Bitcoin Magazine

To crypto anarchists, Bitcoin is seen as one of the most important tools to help promote self sovereignty and liberation. Yes, there’s fantastic technology involved and “number go up” is fantastic, but the freedom that Bitcoin gives HODLers is the primary benefit. This weekend, the seventh annual Hackers Congress Paralelní Polis will be convening in Prague, along with a massive, 58-hour long live stream. We sent over a few questions to the conference’s team to help make the case for why this conference is important to Bitcoiners. Responding to our…

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DeFi tokens rebound with 19% bounce in 24 hours

After a bloody week for decentralized finance (DeFi) projects that saw numerous tokens plummet by up to 50%, the DeFi sector has rebounded by 19% in one day. Ether is also up 11% over the past 24 hours. According to Messari, 32 of 37 DeFi tokens are up today, posting gains of between 3% and 39.6%. Top 10 DeFi tokens by 24-hour performance: Messari Swerve (SWRV) tops the daily charts, followed by Yearn Finance (YFI) with a 37.6% gain, Loopring (LRC) with 29.9%, Aave (LEND) with 29.4%, and SushiSwap (SUSHI)…

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Darknet Giant Empire Market Offline for 36 Hours, Blame Cast at Massive DDoS Attack

According to a number of sources, one of the largest darknet markets in the world, Empire Market has been offline for well over 36 hours. The researcher and analyst Dark.fail has been tweeting about the subject, as the market hasn’t been down for this long since 2019. It seems the popular darknet market (DNM) Empire has been down for well over a day and a half now, and ever since it went offline DNM patrons have been edgy. On Sunday, August 23, 2020, the Reddit forum r/darknet with its 127,000…

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Bitcoin Loophole: Wanna Make $13K in 24 Hours? This Crypto Trading App Is a Scam

A bitcoin investment scheme claiming to help people make over $13,000 within 24 hours has recently gained more attention. Bitcoin Loophole claims to be an algorithmic crypto trading app that enables its members to make daily profits and become millionaires within 61 days. However, it is a scam associated with a different kind of investment. Bitcoin Loophole: Crypto Trading App Scam The record-high unemployment in many countries, led by the coronavirus crisis, has forced many people to look for jobs or ways to make money online. Investment schemes preying on…

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Market Outlook: Crypto Market Prices Rally Ahead of Bitcoin Halving, BTC Up $1K in 24 Hours

Cryptocurrency markets are bullish on April 29, as BTC prices have spiked over 11.8% in the last 24 hours touching a high of $8,740 per coin during Wednesday’s trading sessions. Bitcoin has gained 130% in value since the market rout on March 12 otherwise known as ‘Black Thursday.’ Many believe the cause behind the higher price is due to the pending Bitcoin Halving expected to take place on or around May 12, 2020. Bitcoin Markets Jump Significantly in Value, $1K in a Day The overall market valuation today for all…

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