Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.
PayPal is hiring crypto engineers amid rumors of integration
There have been a lot of rumors surrounding PayPal this week. A report suggested that the online payments giant plans to allow hundreds of millions of users to buy and sell crypto directly. Job vacancies for crypto and blockchain experts have added fuel to the fire. PayPal is yet to confirm whether the reports are true — but if they are, it could be a landmark moment in Bitcoin’s quest to go mainstream. As you’d expect, some of crypto’s best-known names saw this as a bullish sign, and they renewed predictions of BTC rallying to $12,000. But some — such as Decred co-founder Jake Yocom-Piatt — are dubious about the rumors. He told Cointelegraph: “PayPal, specifically, is notorious for depriving its users of access to legitimately acquired funds on their platform with little to no justification. Users having their funds restricted in this fashion is something cryptocurrencies are designed to prevent, making this integration, if it is indeed in progress, an odd combination.”
Troubled debit card issuer Wirecard files for insolvency
Bitcoin price bounce at $8,800 support shows traders keep buying the dip
Telegram’s courtroom saga with the SEC comes to a $1.2 billion end
Analyst: Half of crypto’s top 10 assets “absolutely do not deserve” to be there
Tone Vays: Bitcoin price won’t leave $6,000 to $10,000 range until 2021
ISIS-affiliated news website to collect donations with Monero
Celebrities may have their dirty secrets exposed if crypto ransom is unpaid
Derivatives traders may have manipulated COMP rally
Nonfungible tokens: The quick guide
When Big Ben rings: U.K. FCA’s stance on crypto seen as harsh but fair
How Bitcoin empowers the unbanked and combats injustice
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