ebay Archives

eBay teases ‘digital wallet’ in investor presentation

Online marketplace eBay flashed a “digital wallet” slide early in its Investor Day presentation. This added to chatter about what the company’s plans might be with respect to crypto. Last month, CEO Jamie Iannone said the company is studying the potential for accepting crypto as it aims to be the go-to marketplace for Gen Z and millennials. eBay already allows the sale of non-fungible tokens (NFTs) on its platform.

Crypto prices today: Bitcoin falls marginally, ETH up 0.5%

Bitcoin is currently trading at $39,177.65, a 0.3% decline over the previous day. Ethereum is up 0.4% over the last 24 hours to $2,606.5. Solana decreased by 0.3% to $82.3, while Cardano is down 0.5% to $0.806. Meanwhile, Polkadot (DOT) jumped 5% to $17.8. The global crypto market cap stands at $1.75 trillion, a 0.04% decline over the previous day.

Crypto brain drain is “absolutely crazy” in India: Polygon co-founder

Dubai-based blockchain platform Polygon’s co-founder Sandeep Nailwal, while discussing India’s crypto sector and its regulations, said “the brain drain is absolutely crazy.” He discussed how developers, investors, and entrepreneurs are leaving for places with more friendly regulations. Nailwal said he wishes to stay in India and promote the Web3 ecosystem but regulatory uncertainty is a hurdle.

Payments giant Stripe launches support for crypto, NFTs

Financial services company Stripe has launched its crypto services, offering businesses the ability to use Stripe as a payment method for crypto and NFT transactions. Stripe is offering payout services for Web3 companies as well as know-your-customer (KYC) and fraud prevention. Currently, Stripe’s crypto services are only available to businesses in the US, UK, and European Union.

Dubai adopts crypto law; looking to become a hub for Web3.0

Dubai has adopted its first law meant to regulate the operations of cryptocurrencies and digital assets like NFTs. Under the new law, the UAE wants to establish a Dubai Virtual Assets Regulatory Authority (VARA), which would regulate digital assets. The transfer of virtual assets, exchange services, and operating virtual assets platforms is also under the VARA’s domain.

Ruble-denominated Bitcoin volume surges to 9-month high

Trading volumes between the Russian Ruble and Bitcoin increased to a nine-month high as the country’s fiat currency fell to record lows. This is due to the fallout of Russia’s invasion of Ukraine. Ruble (RUB)-denominated bitcoin volume surged to nearly 1.5 billion RUB on Thursday, hitting its highest level since May. The spike in trading volumes came as investors scrambled to move out of the Ruble, fearing stricter sanctions from western countries.

Crypto prices today: Bitcoin surges 14%, ETH rises 11.5%

Bitcoin is currently trading at $43,439, a 14% jump over the previous day. Ethereum rose 11.6% over the last 24 hours to $2,918.7. Solana rallied 11.45% to $96.86, while Cardano is up 11% to $0.96. Polygon (MATIC) is up 9.9% to $1.6. The global crypto market cap stands at $1.91 trillion, an 11.5% increase over the previous day.

eBay could soon permit Bitcoin, Ethereum, and Altcoin payments

Multinational e-commerce giant eBay is reportedly looking into accepting cryptocurrency as a means of payment. eBay accepting cryptos like Bitcoin and Ethereum could further aid mainstream adoption. Since Gen-Z is a priority target for eBay, CEO Jamie Iannone believes the evolving technology could be used to cater to the masses.

‘In crypto sector, India has potential to counter western power’: IIM Bangalore Professor

“The potential of crypto as decentralized finance is over and India should focus on creating a national blockchain strategy to make it a global player”, said IIM Bangalore professor A. Damodaran. He added that a large base of crypto-owning Indians could create multiple, technologically competent enterprises in the blockchain space. If played well, India could emerge as a major countervailing force to the crypto power of the West.