Daily Crypto NewsEDITION #58, 22 October 2020

Welcome, PayPal!

Hey #Moni Maker 🙃

Today, in 2009, Windows 7 was released. This operating system has become revolutionary in many ways, from design to security. Since then, much water has passed under the bridge, and we have already seen the formation and dizzying growth of a much more breakthrough technological invention - cryptocurrencies. However, we are not yet close to mass adoption and are still waiting for a more friendly way to interact with Bitcoin and co. But don't be discouraged - being a pioneer in such a revolutionary industry is very exciting, and the reward won't be long in coming.

Let's go check out recent news 😉

PayPal Holdings Inc. has finally joined the crypto market. The largest payment giant will allow customers to buy, sell and store Bitcoin and other cryptocurrency using online wallets.

The company said in a statement that PayPal customers would also be able to use cryptocurrency to buy from 26 million merchants on its network since early 2021.

Thanks to this news, Bitcoin's price reached $12900, thus setting the annual maximum.

So what?

Well, adding crypto to PayPal was a matter of time. And it had to be done during the coronavirus hard times. So, it's done!

Let's say in secret that lately, users criticize Elon Musk's child: the anti-fraud system sometimes bans accounts for nothing, while the real scams are overlooked.

PayPal, get better! You are part of our big family now, so the responsibility is high. We will keep an eye on you, we warn you!

Mode Global Holdings PLC has become the first British publicly-traded company of the London Stock Exchange to announce the purchase of crypto. For this purpose, it has allocated 10% of its capital. The decision was motivated by record low-interest rates (0.1%), the lowest in the 326-year history of the Bank of England.

Two of the U.S. public companies - MicroStrategy and Square - have also recently allocated a part of their capital in Bitcoin. And according to bitcointreasuries, 13 private companies own a total of almost 600,000 BTCs (2.85% of all bitcoins) at current exchange rates of approximately $6.9 billion.

So what?

Everything is clear with the progressive West, but what about the CIS?

As long as crypto is not regulated, large companies are afraid to buy BTC publicly, but we are sure that they do it secretly.

One day there will come a day when Tinkov and the likes will scream that they have more BTC than others in Russia (or that they were the first in Russia to buy BTC :D). That's when the wind of change that carries mass adoption around the world will pleasantly start shaking the hair of all the cryptofans of the planet!

According to Coinmetrics, the average weekly index of active addresses reached a record of 265 thousand, and this may indicate increased activity of traders.

So what?

It's great to see how DeFi, stablecoins, and crypto start to function as a single organism, pushing each other forward.

We also help crypto with our digests, and this crypto truck has departed with such force that there is no stopping...

Circle has announced the integration of the Solana blockchain into the USDC ecosystem.

Recall that USDC is already integrated into such blockchains as Ethereum, Algorand, and Stellar.