Square made headlines in the cryptocurrency markets on Thursday as it announced that it recorded $1.63 billion in Bitcoin revenues through the Cash App in Q3 2020. According to Square’s data, the gross profit from Cash App’s Bitcoin feature for the period mentioned above was $32 million.
Switzerland-based Breitling is famous for its luxury watches. The prestigious company is cooperating with blockchain project Arianee to release a new type of certificate for its watches. Breitling now provides a unique digital code that verifies the source of its products.
Jones was recently interviewed by CNBC and expressed his bullishn stance of Bitcoin. He reiterated that considers BTC as a haven against the quantitative easing policy of central banks. Jones also said he thinks Bitcoin plays an important role in maximizing the yield of his fund. He sees Bitcoin investment similar to investing in high-profile stocks like Apple.
Jack Ma is the founder of Alibaba, a major Chinese e-commerce company. In a speech at the Bund Summit in Shanghai, Ma global regulations and expressed his support for digital currencies. He believes digital currencies are very significant for a new economy and financial system.
Cryptocurrency market analyst Josh Rager says that formidable resistance could be forming in front of Bitcoin`s rising movement. If we look back at the Bitcoin price history, there have been many significant corrections, with BTC sometimes dropping as much as 30%. These kinds of pullbacks have usually been seen after huge bull-runs.
The Brave web browser is popular among cryptocurrency fans, since it supports the Basic Attention Token (BAT). BAT is an ERC-20 tokens on the Ethereum blockchain thats designed to facilitate the transfer value in the digital content and advertising space.
As we make our way through Q4 2020, several cryptocurrency projects are making upgrades to their platforms and other changes that could arouse the interest of the broader cryptocurrency community. As always, we have prepared a selection of top 3 coins to watch. This week’s selection includes a cross-blockchain DeFi platform token, a token of a cryptocurrency derivates exchange and a native token of crypto Visa card issuer. We should warn you, however, that this is not investment advice, since, especially in this week’s selection, the price change is likely to end up in the red.
As we progress through Q4 2020, several projects are moving ahead with continued development. In addition, Pay Pal recently announced its intent to offer cryptocurrency buying and selling within its platform, which triggered a smaller bull run. Everything looks set for another exciting week on the cryptocurrency markets and our weekly selection of top 3 coins to watch is here to help you choose the most compelling and promising coins this week.
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