Market Snapshot
The cryptocurrency market shows positive momentum today, with major coins gaining value. Latest updates:
- BTC: $59,103.99 (+2.35%)
- ETH: $1,840.83 (+2.85%)
- LTC: $196.46 (+1.45%)
- OKB: $15.90 (+8.01%)
Top gainers on OKX platform:
- DMD (+24.52%)
- MLN (+17.06%)
- API3 (+15.34%)
👉 Explore real-time trading data on OKX
Per OKX trading analytics:
- BTC contracts total $2.75B in open interest
- Long/short ratio: 1.02
- Elite traders favor long positions (51% vs. 44% short)
Industry Highlights
PayPal Integrates Crypto Payments
The payment giant now allows U.S. users to spend Bitcoin, Ethereum, Bitcoin Cash, and Litecoin at millions of merchants globally. Key features:
- Automatic conversion to fiat at checkout
- Zero transaction fees for crypto payments
- Supports single-token purchases per transaction
"This seamlessly bridges crypto and traditional payment systems," said CEO Dan Schulman.
GM Considers Bitcoin Acceptance
General Motors is evaluating Bitcoin as a payment option for its services, revealed during Q4 2020 earnings call by CEO Mary Barra.
Ninth City’s $100M Mining Expansion
The company’s 2020 financial report outlines aggressive crypto mining plans:
- Bitcoin: 35,758PH/s total hash rate by 2022
- Filecoin: $10M in mining equipment contracts signed
- Partnerships with Bitmain and MicroBT for 29,000+ miners
PwC Report: Crypto M&A Boom
2020 saw crypto mergers and acquisitions surge 131% YoY to $1.11B, with 60% of deals occurring in EMEA and APAC regions. Total funding rose to $3.09B (+33%).
FAQ Section
Q: How does PayPal’s crypto checkout work?
A: It automatically converts selected cryptocurrencies to fiat during checkout without user intervention.
Q: What coins does PayPal support?
A: Bitcoin, Ethereum, Bitcoin Cash, and Litecoin.
Q: Why is GM considering Bitcoin payments?
A: To align with growing institutional adoption and provide flexible payment options.
Q: How significant is Ninth City’s mining investment?
A: Their planned capacity could yield ~5,200 BTC over 18 months post-deployment.
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Disclaimer: This content does not constitute financial advice. Cryptocurrency investments carry substantial risk.