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Coinbase Integrates Apple Pay for Streamlined Fiat-to-Crypto Transactions
News on the Blockchain
December 03, 2024
đ Daily Crypto Market Overview
Global Stats:
Cryptocurrencies: 2.4M+
Exchanges: 761
Market Cap: $3.39T (-0.91%)
24h Volume: $211.73B (+46.06%)
Bitcoin Dominance: 55.66%
Ethereum Dominance: 12.84%
ETH Gas Price: 13.65 Gwei
Fear & Greed Index: 79 (Greed)
đȘ Top 5 Cryptocurrencies by Market Cap:
Name | Price | 24h Change | Market Cap | 24h Volume |
|---|---|---|---|---|
Bitcoin (BTC) | $95,273.35 | +1.75% | $1.89T | $47.5B |
Ethereum (ETH) | $3,613.69 | +2.36% | $435.24B | $35.6B |
Tether (USDT) | $1.00 | -0.01% | $134.20B | $172.6B |
XRP (XRP) | $2.33 | +21.25% | $133.13B | $32.85B |
Solana (SOL) | $226.55 | -4.68% | $107.65B | $5.36B |
đč Market Highlights:
Total DeFi Volume: $14.45B (6.82% of total market)
Stablecoins Volume: $188.88B (89.21% of total market)
Coin with highest % change: BABYBTC (+79.36%)
đ Preview On Todayâs News:
- Coinbase Integrates Apple Pay for Streamlined Fiat-to-Crypto Transactions
- MicroStrategy Expands Bitcoin Holdings Amid 2024 Bull Market Surge
- US Government Transfers $1.92 Billion in Bitcoin Amid Plans for National Reserve
Keep reading for more!
Todayâs News:
1)
Coinbase Integrates Apple Pay for Streamlined Fiat-to-Crypto Transactions
Coinbase has launched Apple Pay as a payment option for fiat-to-crypto purchases through its Onramp service, simplifying access to cryptocurrencies. This integration allows users to convert fiat into crypto effortlessly with lightweight KYC for eligible purchases and free USDC on/off-ramping. Apple Pay users can now purchase cryptocurrencies instantly, with one-click-buy options providing even faster transactions. The announcement boosted investor confidence, leading to a 3% increase in COIN stock.
Key Benefits: Apple Pay integration enables quick and seamless fiat-to-crypto conversions with minimal KYC, free USDC on/off-ramping, and access to leading cryptocurrencies via Coinbase Onramp.
Impact: The feature enhanced user convenience and investor confidence, evidenced by a 3% rise in Coinbase stock after the announcement.
2)
MicroStrategy Expands Bitcoin Holdings Amid 2024 Bull Market Surge
Michael Saylorâs MicroStrategy has reinforced its commitment to Bitcoin by purchasing an additional $1.5 billion worth of the cryptocurrency, acquiring 15,400 BTC at an average price of $95,976 each. This investment brings the companyâs total Bitcoin holdings to over 402,000 BTC, valued at approximately $23.4 billion. The move comes during a record-breaking year for Bitcoin, which reached an all-time high of $99,000 in November 2024, significantly boosting MicroStrategyâs stock by 513%âoutpacing Bitcoinâs 117% rise this year. MicroStrategyâs strategic accumulation has not only solidified its position in the cryptocurrency market but also inspired other companies to adopt similar Bitcoin reserve strategies.
MicroStrategy invests an additional $1.5 billion in Bitcoin, increasing total holdings to over 402,000 BTC valued at $23.4 billion.
In 2024, Bitcoin surged to $99,000, driving MicroStrategyâs stock up by 513%, significantly outperforming Bitcoinâs 117% rise.
3)
US Government Transfers $1.92 Billion in Bitcoin Amid Plans for National Reserve
The US government has transferred $1.92 billion worth of Bitcoin to two new wallets, containing $969 million and $949 million each, according to Arkham Intelligence. This significant movement comes as discussions of a Bitcoin reserve bill gain momentum under President-elect Donald Trump's anticipated second term. Despite this action, the government still holds over $18 billion in Bitcoin. The move aligns with global trends as other countries like Poland and Brazil explore establishing sovereign Bitcoin reserves. Meanwhile, Bitcoin has surged 38% in the past 30 days, hitting an all-time high of $99,000 before settling at $96,207.
Key Developments in Bitcoin Movement: The US government moved $1.92 billion in Bitcoin to two new wallets while retaining over $18 billion, reflecting evolving national crypto policies and ongoing discussions about a Bitcoin reserve bill.
Market Impact and Global Context: Bitcoin has surged 38% in 30 days, reaching a $99,000 all-time high, as global interest in sovereign crypto reserves grows, with Poland and Brazil exploring similar initiatives.
