The cryptocurrency market seems to be flipping bullish after Bitcoin made a real move above $50,000 on Wednesday during the European session. BTC’s move also poked Ethereum bulls to join the market from the sidelines, pushing the price past $1,600. Ripple has overcome the stubborn resistance at $0.45 while eyeing higher levels. The rest of the market is shifting bullishly, led by cryptoassets like NEM (up 11%), Terra (up 20%), and Filecoin (up 10%).
PayPal is said to be in the process of buying Curv, a technology firm that powers the secure storage of cryptocurrency, according to three sources familiar with the situation. Israeli news outlet Calcalist reported Tuesday that Curv was being sold for between $200 million and $300 million, without naming the buyer. “PayPal is buying Curv for $500 million,” a source from within the digital asset custody space told CoinDesk on Monday. “From where I’m hearing it, I’m pretty sure it’s true.”
The firm Rakuten Inc., often referred to as “the Amazon of Japan,” announced customers can now load up Rakuten Pay accounts with cryptocurrencies like bitcoin, ethereum, and bitcoin cash. In order to commemorate the latest crypto service, Rakuten is also offering bonus points to people leveraging “Rakuten Cash” via crypto assets. Crypto Can Pay for Rakuten Goods and Services, Alongside Mister Donut, Familymart, and McDonald’s.