PayPal rumors are still lurking around Bitcoin and other cryptocurrencies

Here’s what you should know on Wednesday, July 1, 2020

BTC/USD is near $9,300 after dropping its every day uptrend. Bulls are preventing to remain above the every day 12-ENA at $9,266.

ETH/USD is once more outperforming Bitcoin and others gaining virtually 3% as we speak and climbing above each the 12-EMA and the 26-EMA on the every day chart.

XRP/USD remains to be struggling to remain above $0.17 and above a descending trendline fashioned on Could 11.

Haven Protocol has skilled an enormous 40% value enhance during the last 24 hours climbing to rank 143rd by market capitalization. Pundi X, which has introduced some information with PayPal, has additionally seen a big value surge of 26%. Different huge gainers embody Kusama, IoT Chain and SNX.

Chart of the day: XVG/USD every day chart

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PayPal has not too long ago began hiring crypto and blockchain specialists, additional fueling the rumors that the corporate is seeking to assist not directly using cryptocurrencies. Nobody actually is aware of what PayPal intentions are, nevertheless it’s clear they’re wanting into the blockchain expertise considerably.

Pundi X appears to have jumped into motion already and it’s permitting retailers to promote cryptocurrency by way of PayPal already.

To have the ability to assist a number one on-line fee supplier in our XPOS units may give individuals extra confidence in utilizing them, and may transfer utilization of blockchain expertise nearer to the mainstream — Zac Cheah, Co-founder of Pundi X

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Samsung is launching a brand new software that can report misplaced and stolen crypto. It’s mainly a monitoring software that may observe suspected cryptocurrency hacks and report them. Samsung is working at the side of Uppsala, a software program agency to launch the product.

The European Innovation Council (EIC) has simply rewarded six totally different blockchain tasks with roughly $5.6 million to advertise the event of blockchain. EIC said:

It’s value declaring that one of many necessities of the Prize was to submit options developed in Open Supply. This may allow extra innovators to profit from the superior technological options developed by the prize winners and the opposite members within the Prize.

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