Day: November 24, 2020

Square and PayPal emerge as whales in the crypto market

The PayPal application can be seen on a mobile phone.

Felix Kästle | picture alliance | Getty Images

Fintech companies are helping fuel demand for bitcoin as they open the floodgates for millions of people to trade it.

By one firm’s analysis, PayPal and Square clients have been buying the majority of the new bitcoin supply entering the market each day. Hedge Fund Pantera Capital estimates that Square clients have accounted for 40% of bitcoin that enters the market in the two years since the product launched.

PayPal may be responsible for even more demand since launching just a few weeks ago. The payment company partnered with crypto firm Paxos for custody and trading. Volume on Paxos’ exchange, itBit, had been consistently in the same range since September. But as PayPal went live recently, volumes on the exchange more than tripled, according to data from CoinGecko.

Pantera estimated that within three weeks, PayPal clients were already buying roughly 70% of the new supply of bitcoin.

“It’s having a significant increase on price,” said Dan Morehead, founder and chief investment officer of Pantera Capital and former CFO at Tiger Management. “You bring on two corporates that are already buying all of the newly issued bitcoins — supply and demand says the price has to go up.”

PayPal’s implied bitcoin volume

CoinGecko

Read More

Best Buy, Hormel, Abercrombie & Fitch & more

Stocks making the biggest moves in the premarket: Best Buy, Hormel, Abercrombie & Fitch & more



Source link Read More

‘Go For It, But Be Honest With Yourself’

The CEO and founder of Uncommon James talks about what it takes to launch.

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!


2 min read


Kristin Cavallari is a best-selling author, TV personality and CEO and founder of Uncommon James, a -based jewelry and apparel brand. She is no stranger to the -taking and the it takes to find success. When asked if now was a good time for startup entrepreneurs to take a chance on a new endeavor, she didn’t hesitate to answer: “You should go for it!”  

“Fear is the biggest thing that stands in everybody’s way,” Cavallari says, adding, “but I think there is a way to go for it and also be smart.”

She believes the first thing you need to have an honest conversation with yourself. Do you truly have the time, passion and tolerance for pain that launching a startup requires? “Because if you don’t, being an entrepreneur will eat you alive,” Cavallari says. “This is not a 9-to-5 job. It is very, very difficult and so you have to be willing to put in the hours, go above and beyond, and give it your all.” 

Her second big piece of advice: be careful with your cash. “You shouldn’t put

Read More

32 Small Business Quotations of Thankfulness and Gratitude


(From the SmallBusiness.com Archive. First published,
In the U.S., Thursday is Thanksgiving. It is a national holiday set aside to express our thankfulness and gratitude for the blessings we’ve received. At SmallBusiness.com, one of the things we are most thankful for is you. We thank you for using the information on the site and greatly appreciate the wisdom you share with us, as well. To celebrate the holiday, we pulled together this list of inspirational, motivational, and insightful quotations about gratitude and thankfulness. 


  1. “O Lord that lends me life, lend me a heart replete with thankfulness!”
    William Shakespeare
    Henry VI
  2. Thankfulness is the tune of angels.
    Edmund Spenser (1895)
  3. “Let gratitude be the pillow upon which you kneel to say your nightly prayer. And let faith be the bridge you build to overcome evil and welcome good.”
    Maya Angelou
  4. “Thanks are justly due for things got without purchase.”
    Ovid
  5. “That possession which we gain by the sword is not lasting; gratitude for benefits is eternal.”
    Quintus Curtius Rufus
  6. “Feeling gratitude and not expressing it is like wrapping a present and not giving it.”
    William Arthur Ward
  7. “I would maintain that thanks are the highest form of thought, and that gratitude is happiness doubled by wonder.”
    G.K. Chesterton
  8. “If you count all your assets, you always show a profit.”
    Robert Quillen
Read More