2022-01-10

Daily Digest – January 10th

• Bitcoin on Longest 4-Year Losing Streak, ETH Now at Most Oversold Level in two years, Solana Leads Altcoin Rally Over the Weekend

• Changpeng Zhao’s $96 Billion Crypto Fortune Started with a Poker Game

• PayPal is Exploring the Launch of a Stablecoin in Crypto Push

• OpenSea Set New Trade Volume Record, Gas Fees Spike, Disney Patents Metaverse Theme Park

PayPal Plans to Launch a Stablecoin Backed by U.S. Dollar

On Friday, PayPal Holdings Inc. publicly announced its plans to roll out its own stablecoin as stated in a Bloomberg news article. According to the publication, the financial payment giant confirmed that it is in fact working toward launching a private stablecoin that will be backed by the U.S. dollar. This expansion of its cryptocurrency offerings was discovered after the “PayPal Coin” graphic below was found on the company’s iPhone app...

GameStop to Launch an NFT Marketplace

GameStop is currently in the process of building an NFT marketplace and expanding its crypto partnerships. Following the announcement, the video game retail company’s stocks rapidly surged by more than 16%...

Pantera Capital’s Projects Ethereum Facilitating 50% of All Global Transactions in Ten YearsSince Ethereum launched in 2015, the project has established a reputation for itself as the most well-established, open-ended decentralized software platform.

Cardano (ADA) Currently Disabled on Coinbase

Coinbase is facing issues with Cardano transactions. The major crypto exchange platform has disabled customers from sending and receiving ADA since the 7th of January and is actively working on solving the problem.The investigation of the problem took two days, and Coinbase developers have been looking for the cause as of January 9 at 8 pm PST.

That's you all up to date. But if you're hungry for more crypto news and insights, there's always more on our website.And feel free to reach out to us at [email protected] with any questions or comments.Until next time,Tadas