cryptocurrency

How Is The Blockchain Technology Revolutionizing The World

Credit: Pierre Borthiry – Peiobty/ unsplash
  • We see the stories every day. Feds charge 21 people in global crypto money laundering bust.
  • FTX not only filed for bankruptcy, but hackers allegedly stole customer assets. 
  • Cryptocurrency investors have lost more than $2 trillion in the past year.

Given such headlines, one can be forgiven for viewing cryptocurrency and cryptocurrency trading negatively. Moreover, the tremendous amount of energy required for bitcoin mining also may add to one’s...

https://mfame.guru/how-is-the-blockchain-technology-is-revolutionizing-the-world/

PayPal says Amazon customers will be able to pay with Venmo

PayPal announced that Amazon customers will be able to pay using Venmo starting in 2022, helping the company mute the reaction to a Q3 revenue miss.

The announcement came as the company released its Q3 earnings Thursday after the market closed. PayPal (NASDAQ: PYPL) stock was up more than 1.5% in after-hours trading Thursday.

Revenue in the quarter came in just under expectations at $6.18 billion, up 13% year-over-year, but missing the Seeking Alpha consensus of $6.42 billion. PayPal posted a...

https://www.freightwaves.com/news/paypal-says-amazon-customers-will-be-able-to-pay-with-venmo

Does Cryptocurrency Pose A Threat To Fiat Currency?

Many organisations are accepting cryptocurrency. People all over the globe are trading in cryptocurrencies on various platforms like the Bitcoin up. This is because there are many advantages of using digital currency, and experts speculate that it can take over eventually, reports London Loves Business.

Let’s take a look at what will happen if crypto takes over:

Consumer interest

In 2017, there was a massive rise in consumer interest that led to the Bitcoin rally. People from across the world were...

https://mfame.guru/does-cryptocurrency-pose-a-threat-to-fiat-currency/

PayPal: ‘Strongest first-quarter results’ in company history

Global payments provider PayPal (NASDAQ: PYPL) on Wednesday reported Q1 2021 net revenues of $6.03 billion, up 29% year-over-year, and beating the $5.9 billion estimate of analysts surveyed by TipRanks.

PayPal said non-GAAP earnings per share (EPS) was $1.22, 20 cents better than Seeking Alpha’s estimate, and GAAP EPS was 92 cents, 28 cents ahead of estimates. GAAP EPS increased 1,200% over Q1 2020 and non-GAAP EPS was up 84%.

The stock price was up more than 4% in after-market trading following...

https://www.freightwaves.com/news/paypal-strongest-first-quarter-results-in-company-history

Tesla mum on Semi progress as it posts record income

Electric carmaker Tesla Inc. (NASDAQ: TSLA) reported record net income of $438 million in Q1 on $10.39 billion in revenue, slightly short of analyst expectations for revenue. The company provided no updates on the long-delayed Semi tractor, saying only it is “in the background.” 

First-quarter revenue nearly doubled the $5.99 billion from a year ago. Earnings per share of 93 cents exceeded the expected analyst consensus of 80 cents. Per-share earnings in the year-ago quarter were 23 cents. Tesla...

https://s29755.pcdn.co/news/tesla-mum-on-semi-progress-as-it-posts-record-income

Venmo customers now can buy and sell cryptocurrencies in app

PayPal enables customers to buy crypto on Venmo

Weeks after it announced customers could begin to use cryptocurrencies for payment, PayPal (NASDAQ: PYPL) has added the ability to buy and sell four popular cryptocurrencies on its Venmo app.

Crypto on Venmo will also include cryptocurrency trends and access to in-app guides and videos to help answer commonly asked questions about cryptocurrencies. Customers using crypto on Venmo can choose from four types of cryptocurrency: Bitcoin (BTC-USD), Ethereum (ETH-USD), Bitcoin Cash (BCH-USD) and...

https://s29755.pcdn.co/news/venmo-customers-now-can-buy-and-sell-cryptocurrencies-in-app

Ransomware Attacks In The Shipping Industry

Cyber hackers continue to hone in on the shipping industry, considered a vulnerable and highly lucrative target, as demonstrated by the 400% increase in attempted cyber hacks on maritime companies between February and June 20201 , reports Lexology.

Cyber risks

Ransomware attackers are reported to have made at least USD 350 million worth of cryptocurrency in 20202, a steep rise from under USD 50 million in 2018. With these numbers in mind, maritime sector participants, from the smaller shipping...

https://mfame.guru/ransomware-attacks-in-the-shipping-industry/

PayPal enables consumer crypto payments

PayPal adds crypto payments for consumers

Consumers with a preference for cryptocurrencies can now use PayPal to make online payments at checkout using their preferred unit of currency.

PayPal (NASDAQ: PYPL) has introduced Checkout with Crypto, an offering that enables PayPal Wallet holders of cryptocurrencies such as bitcoin to use that currency at checkout and PayPal will automatically convert the payment to U.S. dollars with no additional integrations or fees for businesses. Transactions in other currencies will be settled based on...

https://s29755.pcdn.co/news/paypal-enables-consumer-crypto-payments

PayPal plans to take Curv to improve crypto payment security

PayPal Holdings (NASDAQ: PYPL) is acquiring Curv, a provider of cloud-based infrastructure for digital asset securities such as cryptocurrencies.

Terms were not disclosed, but a report last week suggested PayPal may pay as much as $500 million for the Tel Aviv, Israel-based firm. A second report from Calcalist reported the sale price would be between $200 million and $300 million.

“The acquisition of Curv is part of our effort to invest in the talent and technology to realize our vision for a...

https://s29755.pcdn.co/news/paypal-acquires-crypto-security-firm-curv

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