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PayPal Will Support All Forms Of Crypto And Blockchain Services

Daily Market Wrap

  • Crypto market cap: 1.26 trillion, down 1.90%

  • BTC price stands at USD 29,254, down 2.94%

  • ETH price stands at USD 1,984, down 2.15%

  • Top gainer: Bitcoin Gold (BTG), up 24.10%

  • Top loser: Kyber Network Crystal v2 (KNC), down 11.15%

News of the Day

Why it matters:

  • The company’s vice president Richard Nash reveals that payment systems of Paypal will soon accept all forms of crypto and blockchain services.

  • This announcement comes two years after Paypal rolled out its buy, hold and sell service for Bitcoin (BTC) across the United States in 2020.

  • Nash also hinted that he is a cryptocurrency owner, which aligns with the bullish position of Paypal on cryptocurrency.

Crypto daily spotlight

Brief introduction: OpenSea is the world’s largest open marketplace for NFTs. Similar to eBay, Etsy, and Amazon, it allows anyone to buy, sell and mint NFTs with a decentralized, peer-to-peer exchange that enables users to transact with one another directly in a trustless manner.

Why it matters:

  • OpenSea unveiled Seaport, a brand new Web3 NFT marketplace that allows anyone to set up new and decentralized NFT marketplaces

  • In the Seaport, anyone can agree to supply several items in the ERC-20, ERC-721, or ERC-1155 format, which will be known as the “offer.”

  • The protocol reportedly enables various new features, such as new ways of NFT payment, criteria for transactions, and new techniques for eliminating redundant transfers in order to reduce gas fees.

Daily sector tracker

Daily News Roundup

  • eBay Launches ‘Genesis’ NFT Collection of 3D Renditions of Canadian Hockey Legend Wayne Gretzky

  • Do Kwon Publicly Shares LUNA Burn Address But Doubts It

  • Luxury Brand Balenciaga Plans To Accept BTC and ETH

  • Netflix’s ‘LOVE, DEATH + ROBOTS’ LauncheS a Digital Scavenger Hunt

  • European Central Bank Chief Says Crypto Assets ‘Worth Nothing’

About Aspen Digital

Aspen Digital is a leading technology and financial services company with a mission to accelerate the mass adoption of digital assets. The company provides a digital asset management solution for asset managers, institutions, and sophisticated investors. Aspen Digital was co-founded by digital assets innovators and asset management veterans at Everest Ventures Group (“EVG”) and TT Bond Partners (“TTB”) in 2021.

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