How to Play the Crypto Shakeout (SQ, OSTK, ISWH, BTBT)

Any strong trend will face shakeouts as it progresses. Obvious financial or economic dynamics eventually pick up tremendous interest as they advance. When lots of people are aligned in a similar bet, the trend will face shakeout risk as it becomes increasingly vulnerable to cascading unraveling of leverage on countertrend movement. People get overconfident and […]

MasterCard Inc. (NYSE:MA) To Start Supporting Select Cryptocurrencies On Its Network In 2021

MasterCard Inc. (NYSE:MA) has announced that it will start supporting select cryptocurrencies on its network later this year, becoming part of other big companies that have pledged support for crypto. MasterCard announces support for cryptocurrencies on its network The payment processing company’s announcement comes at the back of Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk’s revelation […]

Square Inc. (NYSE:SQ) Launches New Offering Allowing Flexible Payment Of Employees

Square Inc. (NYSE:SQ) is allowing small business employees to receive their wages ahead of time with the launch of an “instant Payment” and On-Demand Pay” features, thus boosting its booming banking business. Employees to receive up to $200 ahead of the payment schedule The company launched the “On-Demand Pay” feature, which allows those that use […]

Twitter and Square CEO, Jack Dorsey Says Bitcoin Is Still Far From Being A Functional Currency

Twitter Inc. (NYSE:TWTR) and Square Inc. (NYSE:SQ) CEO, Jack Dorsey indicated that despite growing adoption of Bitcoin (BTC) it is still far from being a currency. Bitcoin still far from being a global currency Dorsey told Australian Financial Review on Wednesday that the leading cryptocurrency will continue enjoying growing adoptions. Several small-fiat currencies are joining […]

CFO of PayPal Holdings Inc (NASDAQ:PYPL) Says Merchants Stay Away from Cryptocurrency Due to High Volatility

John Rainey, Chief Financial Officer of PayPal Holdings Inc (NASDAQ:PYPL) said the merchants are distancing away from digital currency because of price volatility. PayPal is a leader in accepting cryptocurrencies. The merchants also could accept the digital currency Bitcoin (BTC) since 2014 on the platform when the bitcoin was around $400. According to PayPal, merchants […]