•   
  •   
  •   

Money Soaring: Bitcoin rises to more than 14,000 US dollars

20:30  01 november  2020
20:30  01 november  2020 Source:   handelsblatt.com

Paypal integrates cryptocurrencies like Bitcoin

 Paypal integrates cryptocurrencies like Bitcoin Paypal opens up to cryptocurrencies. Customers can buy, sell and use Bitcoin and Ethereum as a means of payment, among other things. © t3n.de Paypal integrates crypto currencies such as Bitcoin In the future, customers should also be able to pay with crypto currencies via PayPal. Insiders had already predicted this move . The new service is to start within the next few weeks and is initially limited to the USA, as Paypal informs . More countries will be added in 2021.

As recently as March, the digital currency suffered severely from the pandemic. The payment service provider PayPal could have provided for the upturn.

Im Frühjahr war der Kurs kurzzeitig unter die Marke von 4000 Dollar gefallen. © Reuters In the spring, the price briefly fell below the $ 4,000 mark.

The digital currency Bitcoin continues to soar. For the first time since the beginning of 2018, the oldest and best-known digital currency exceeded the mark of 14,000 US dollars (12,000 euros). Most recently, the price on the Bitstamp cryptocurrency exchange then fell a little to $ 13,911.

Cryptocurrencies recently received fresh momentum from the announcement by the payment service provider PayPal that it would allow its customers to use them. The news follows other well-received news like the establishment of a Bitcoin fund by major investment firm Fidelity this summer. Bitcoin gained around 30 percent in October alone.

Bitcoin scams: 10 years in prison required against Russian "hacker" Alexander Vinnik

 Bitcoin scams: 10 years in prison required against Russian © REUTERS / Dado Ruvic Russian hacker Alexander Vinnik faces up to 10 years in prison. The Russian rancoralism conductor Locky, which killed nearly 200 people in France between 2016 and 2018, could be sentenced to 10 years in prison. An "pirate of international scope" , "pioneer" of cyberattacks : ten years in prison were required Friday, October 23, 2020 against the Russian Alexander Vinnik , tried in Paris for a case of fraud in the bitcoin involving tens of millions of euros.

In March, the strongly fluctuating Bitcoin price had fallen below the $ 4,000 mark in the wake of the corona crisis. At that time, other asset classes , such as government bonds or gold , which were considered safe havens, came under pressure because many investors fled to liquidity. However, the digital currency has rallied much faster than the broad stock market. The Bitcoin price is now more than 30 percent above the annual high in February.

major investors like the hedge fund manager and billionaire Paul Tudor Jones see the digital currency as a protection against inflation, as he told the US television channel CNBC. In times of extremely loose monetary policy, the hedge fund manager therefore advises his customers to buy. He has invested a single-digit percentage of his portfolio in Bitcoin over the long term - and is now even more optimistic than when he joined in May.

AG: Charges not warranted for former Michigan State basketball player accused of sex assault

  AG: Charges not warranted for former Michigan State basketball player accused of sex assault The Michigan Attorney General's Office said it thoroughly reviewed the allegations against Brock Washington and didn't find grounds to bring charges. "Following an in-depth review and consideration of the evidence, the Attorney General’s office has decided not to file charges against Brock Washington, who was a Michigan State University student and athlete when he was accused of sexual misconduct," AG spokesperson Ryan Jarvi said in an email to the Lansing State Journal.

The foreign exchange experts at DZ Bank cited similar reasons for the Bitcoin soaring: "The expansion of the expansionary monetary policy observed around the world as well as the fiscal programs of historic proportions are likely to have made a significant contribution to the positive dynamic," they recently wrote in a study. This has led to investors increasingly looking for investment opportunities outside of euros, US dollars and the like.

Even in the short term, the outlook for digital currency remains good, writes David Iusow, a market analyst at brokerage firm IG. "The Bitcoin price has again broken away from its recent positive correlation with the stock market." While the DAX and the US leading index S & P 500 are still in correction mode, Bitcoin has climbed to new daily highs in recent weeks.

From a technical point of view, there is resistance at the $ 14,500 mark. If this is overcome, there is a lot to suggest that the rally will continue. Then a Bitcoin rate of 16,000 to 16,500 dollars is within reach.

More: How stories influence our economic activity

Favorite readers: Real estate: Buy instead of rent: Experts recommend this.

Closures of restaurants: Celebrity chef Tim Mälzer: “The restaurant scene will change massively”

Big salary report: In these regions Germans have the most money to live on

Burning hybrid batteries: Ford has found the fault with the Kuga

+++ Corona-News +++: Around 4,000 soldiers are deployed in health departments - Drosten: "The pandemic is not over at Easter"

NBA mock draft: LaMelo Ball rises from No. 3 to No. 1 one week out from draft .
USA TODAY Sports' projects the first round of next week's NBA draft. Who will be the No. 1 pick -- LaMelo Ball or Anthony Edwards?Ball has long been the most enticing player available based on his ceiling but some teams have expressed concern about the 6-7 point guard's ability and timetable on reaching that ceiling. Minnesota has had its sights set on Anthony Edwards, a conservative pick because of the immediate impact he could make as an explosive scorer. But if the Timberwolves could get two picks in exchange for Ball, that could mean drafting the polarizing 19-year-old with the No. 1 pick.

usr: 1
This is interesting!