Posted in Crypto News

President and CEO of PayPal, Dan Schulman commended the performance of digital assets which has boosted the company positively and helped them achieve amazing results.

He also believes crypto and central bank digital currencies will have a very strong impact in producing “a more equitable financial system.

PayPal has a roadmap that extensively involves Crypto and many Partnerships with the appropriate government and regulatory bodies.

Posted in Crypto News

Cardano’s staking now possible and launched on Kraken, the U.S.-based cryptocurrency exchange.

This means that users can now stake Cardano and also receive a 4% to 6% reward.

Payouts are open on a weekly basis, Cardona is developed for users to able to operate smart contracts and run decentralized applications.

ADA becomes the seventh staking option on Kraken, others being Ethereum, Polkadot, and Flow.

Posted in Crypto News

Doge’s recent upward rally doubled the number of millionaire investors in the asset within two weeks.

The Data from BitlnfoCharts shows about 2,866 dogecoin wallets each had at least $1 million as of May 4, 2021, which was a 116% growth from April 23 with 1,321 wallets.

This spike was after Gemini and eToro showed support for doge by listing it.

Dogecoin currently has a $73 7 billion market cap, above XRP’s $63.3 billion.

Posted in Crypto News

A report by CNBC on Wednesday indicates that US banks would allow crypto trading to customers, New Digital Investment Group will partner with Fidelity National Information Services to make this possible.

Most banks in the US have already shown interest, the company also added it’ll get the Big Banks on the trend too.

The banks are being influenced by the massive revenue gotten from Robinhood and Coinbase platform.

Posted in Crypto News

Dr. Fabian Schär wrote in a paper published by the Federal Reserve Bank of St Louis on May 2 about decentralized finance and Ethereum’s impact on it.

He applauded Defi in its efficiency in using “smart contracts to create protocols that replicate existing financial services in a more open, interoperable, and transparent way.”

Dr. Schär also explained that Defi will lead to a better and transparent financial system.