KW 14: Signal integrates blockchain-based payment function, Market value of all cryptocurrencies hits the two trillion dollar mark, JPMorgan adjusts its Bitcoin price target to 130,000 dollars


Signal integrates blockchain-based payment function: When the encrypted communications app Signal launched nearly seven years ago, it brought the promise of the strongest available encryption to a dead-simple interface for calling and texting. Now, Signal is incorporating what it describes as a way to bring that same ease of use and security to a third, fundamentally distinct feature: payments. Signal is launching a payments feature using mobilecoin (MOB). The goal of MOB, which is based on Stellar blockchain technology, is to be able to work efficiently on mobile devices while also protecting users’ privacy.,

Market value of all cryptocurrencies hits the two trillion dollar mark: The value of the cryptocurrency market topped 2 trillion US dollars for the first time on Monday driven by a rally in ether, the second-largest digital coin. In just over two months, the market capitalization of the cryptocurrency market has doubled, according to price tracking website CoinGecko, as retail and institutional investors pile into the space. Bitcoin, the biggest digital currency, accounts for over 50% of the entire cryptocurrency market capitalization. Bitcoin has rallied over 100% this year alone, and that has helped drive the cryptocurrency market higher.

JPMorgan adjusts its Bitcoin price target to 130,000 dollars: Analysts at American investment bank JPMorgan Chase & Co have updated their long-term Bitcoin price expectations to 130,000 dollars, according to a note cited by „Business Insider“. Per the note, Bitcoin has become much more attractive to institutional investors over the past few weeks thanks to a decrease in its volatility. Previously, regular massive swings of BTC’s price acted as a headwind towards further institutional adoption, JPMorgan noted, but the interest has recently been reinvigorated.

Coinbase announces quarterly figures: Coinbase has announced impressive first-quarter results one week before the exchange’s direct listing on Nasdaq, estimating that trading volume is up 276% and quarterly revenue has hit 1.8 billion dollars. The company attributed a portion of this explosive growth to Bitcoin’s bull market. The bull market has also seen monthly active users grow to more than 6 million users, up from 1.3 million in the first quarter, with crypto assets on the platform rising 1,200% year-on-year from 17 billion to 223 billion dollars.

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