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Market Analysis Report (31 Mar 2021)

Date:

Payments giant PayPal announced yesterday that it is allowing their U.S. customers to pay with cryptocurrency at millions of online merchants. PayPal will convert the cryptocurrency at the point of sale so the merchant receives their local fiat currency. The markets reacted positively to the news with Bitcoin rising above the $50,000 level for the first time in 10 days.

Dapper Labs, the company behind the most popular NFT platform NBA Top Shot has raised $305 million in a new funding round. The round was led by Coatue Management, a billion dollar investment firm. Several high-profile current and former NBA players joined the round, including Micheal Jordan. 

Tether, the largest stablecoin issuer, has published a report dated February 28 that has an assurance opinion by accountancy firm Moore Caymen. The assurance states that Tether’s assets exceeded its liabilities, suggesting that the stablecoin is fully backed.

Sponsored: AI platform Mindsync is creating a unified ecosystem that will bring the best global talent in AI technologies together. It is creating an active community of experts in the fields of ML (Machine Learning), CV (Computer Vision), NLP (Natural Language Processing), Deep Learning and Data Science.

Top stories in the Crypto Roundup today:

  • PayPal Now Allows Crypto Spending at Millions of Merchants
  • NFT Startup Behind NBA Top Shot Raises $305 million
  • Tether Releases Assurance Report Claiming its USDT are Fully Backed
  • Sponsored: Mindsync Platform for Leveraging Global Expertise in AI

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptocompare.com/email-updates/daily/2021/mar/31/

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