Some information about us
PayPal payment system will provide its US users with an opportunity to purchase, sell and store cryptocurrency. Telos, a Pentagon, CIA, and FBI supplyer, starts an IPO. Bitcoin is record high and is not going to stop.
The payment solutions company announces that it starts to sell Bitcoins and other cryptocurrencies to its clients from the USA. The users will be able to purchase, store and sell crypto with PayPal. Bitcoin, Ethereum, and other cryptocurrencies will be converted into fiat directly in the platform.
The limit for crypto purchases is 20'000 USD per week. At first, the limit was even lower than 10'000 USD. The payment system users will also pay for their purchases with crypto in different selling points that use PayPal.
So far, however, it is not possible to transfer crypto to other wallets. It is also unclear if the company plans to include such feature in the future. However, the service has launched operations with crypto for US residents just recently, so let's see if the demand is high.
Telos, a cybersecurity software developer that serves such institutions as the Pentagon, CIA, FBI, has announced launching Initial Public Offering for its stocks. The IPO will take place on November 18th. The announced price per paper is 16-18 USD.
On the one hand, in 2020, the company has been showing significant revenue growth; on the other hand, the IPO organisers warn on all the risks that come from Telos dependence on government contracts, as well as from changing laws on cybersecurity and data safety.
However, Telos is taking up a great part of the data security market, and the IPO may spark great interest to the industry and result in a cybersecurity sector boom.
This week the major cryptocurrency reached a great peak of 16'000 USD per Bitcoin thus setting this year's maximum. In other words, only in November Bitcoin grew by 23%, while the trading volumes grew by 270%.
It is also important to notice that it is the first time Bitcoin passed this level since January 2018. Analysts believe it to be a good sign of further growth and expect the bull trend is here to stay.
What future does Bitcoin have? Will it reach the 2017 maximums or will it go back down? How can the US elections affect the main cryptocurrency? Read LH-Crypto news and be the first to learn all the important news!