Crypto Daily News from ZBG Exchange
1. Market Wrap: Bitcoin Cracks $37.2K as Ether Breaks Through to Record-High $1.6K
Bitcoin is back on a bull run but ether has hit a new all-time high and traders see it has room to grow.
Bitcoin (BTC) trading around $37,092 as of 21:00 UTC (4 p.m. ET). Gaining 3.4% over the previous 24 hours.
Bitcoin’s 24-hour range: $35,416-$37,245
BTC above the 10-hour and 50-hour moving averages on the hourly chart, a bullish signal for market technicians.
2. Visa Signals Further Crypto Ambitions With API Pilot for Bank Customers to Buy Bitcoin
Visa (V) is piloting a suite of application programming interfaces (APIs) that will allow banks to offer bitcoin services, the payments giant announced Wednesday.
The Visa Crypto APIs pilot program will let clients “easily connect into the infrastructure provided by Visa’s partner, Anchorage, a federally chartered digital asset bank, to allow their customers to buy and sell digital assets such as bitcoin as an investment within their existing consumer experiences,” Visa said in a press statement.
Visa envisions a product set that extends to other cryptocurrencies and stablecoins as well as other crypto services such as trading, Visa crypto lead Cuy Sheffield told CoinDesk in an interview. Digital bank First Boulevard is the first bank involved in the pilot; Visa has issued a wait list for other banks.
3. China’s Central Bank Is Partnering With SWIFT on a New Joint Venture
The global interbank settlement organization SWIFT is partnering with the People’s Bank of China (PBOC).
SWIFT and PBOC subsidiaries, including the Digital Currency Research Institute (DCRI) and the bank’s clearing center, have registered with the Chinese government to found a company called Finance Gateway Information Services Company. It’s unclear what the new venture’s mission is. Public records dated Feb. 3, 2021, only say it will be involved in information systems aggregation, data processing and technology consultancy.
The Block first reported the news Wednesday.
4. PayPal Q4 Transaction Revenue Rose 11.8% in 1st Quarterly Report Since Adding Crypto
In the final quarter of 2020, PayPal gained 16 million in net new active accounts and handled $277 billion in total payment volume.
The earnings are the payment giant’s first since rolling out crypto buying and selling late last year. It removed the waitlist for BTC (+5.65%), ETH (+9.83%), LTC (+0.12%) and BCH (+0.79%) to all of its 350 million users on Nov. 12, 2020.
Customers who purchased crypto through the platform have been logging into PayPal twice as much as they were before buying crypto, the company said in its investor update.
5. Dan Tapiero Launches $200M Fund to Invest in Crypto Companies
Investor and entrepreneur Dan Tapiero is launching a $200 million fund called 10T Holdings to invest in cryptocurrency startups.
The long-time bitcoin advocate filed to launch the new fund Tuesday, per documents from the U.S. Securities and Exchange Commission.
Tapiero’s filing comes amid a stampede of other institutional interest in investing and building in the cryptocurrency industry as bitcoin (BTC, +5.61%) has returned gains near 300% in the past year.
In addition to Tapiero, the filing lists as investors longtime investor Michael Dubilier and Stan Miroshnik, former CEO of crypto-focused advisory firm Argon Group.
ZBG.com has quickly become one of the top 10 exchanges in the world with its innovative, efficient and global operations, and is known as a “New First-Tier” exchange.
Currently, ZBG supports 11 languages, with an average daily activity of more than 160,000, providing over 3 million users around the world with trustworthy cryptocurrency trading, contract trading and other crypto asset investment services.
In the future, ZBG will continue to expand its global market and provide stable, safe and fast blockchain project listing, diversified crypto assets and blockchain derivatives investment services to more blockchain enthusiasts around the world.
ZBG, World’s top 10 crypto currency exchange.
Link to future value!
February 04, 2021