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01/09/2022

Despite cryptocurrency markets dropping to multi-month lows, major cryptocurrencies like Bitcoin (BTC) and Ether (ETH) are likely to hit new all-time highs in 2022, according to a Bloomberg analyst.

BTC and ETH will be heading toward $100,000 and $5,000 this year, respectively, according to a forecast by Bloomberg Intelligence analyst Mike McGlone published in his latest market analysis on Thursday.

01/09/2022

American fintech giant PayPal (NASDAQ:PYPL) Holdings has reportedly confirmed its intent to launch its own stablecoin named PayPal Coin. The development of an in-house stablecoin was first discovered in the source code of Paypal’s iPhone app by developer Steve Moser.

Confirming the evidence found on the PayPal app, Jose Fernandez da Ponte, PayPal’s SVP of crypto and digital currencies, told Bloomberg News:

PayPal Coin logo found inside of PayPal app. Source: PayPal iPhone app

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