March 9 Daily Report: Paypal confirms Crypto custody with Curv, Bitcoin Rallies above $52K, Ripple Deal with MoneyGram Officially Over, VeChain Hits All-Time High and Uniswap Airdrop Value Reach $13,000!

BuyUcoin: The biggest news stories of the day

On a busy day for news, here are the standout stories from the world of crypto in our best of the day’s segment.

PayPal Confirms Crypto Custody Firm Curv Offilically & that It is Acquiring the same.

PayPal has officially confirmed that it is going to acquire Israel-based cryptocurrency custody firm Curv. Last week, several media outlets cited rumors that the acquisition talks were still in the early stages. However, PayPal has now made it official and revealed that it plans to utilize the new purchase to expand and accelerate its initiative to support crypto and digital assets.

Bitcoin Rallies above $52K

Bitcoin price rallied over 5% and it even broke the $52,000 resistance against the US Dollar. BTC is now above $53,000 and it is likely to continue higher towards $54,500 and $55,000. Yesterday, we saw a fresh increase in bitcoin above the $50,000 resistance zone. BTC remained in a bullish zone and it was able to extend gains above $52,000 after a short-term downside correction.

Ripple Deal with MoneyGram Officially Over

Ripple still says the two ex-partners are “committed to revisiting” a relationship in the future. Embattled blockchain software company Ripple says it has ended its partnership with money transfer service MoneyGram. MoneyGram’s move was part of a larger trend in the industry—exchanges like Binance and CoinbaseMoneyGram’s move was part of a larger trend in the industry—exchanges like Binance and Coinbase.

VeChain Hits All-Time High

VeChain has entered price discovery mode, but technical indexes show an ambiguous outlook ahead. VeChain’s price has risen by more than 75% over the past week to reach a new record high of $0.0643. While some technical indicators call for higher highs, others suggest that VET sits in overbought territory.

Uniswap Airdrop Value Reaches $13,000 For Those That Didn’t Sell Early

Defi platform Uniswap has exploded in popularity since its debut last year, which has been to the benefit of UNI token holders – especially those who got them completely free for being among the earliest users of the platform. The unicorn logo of Uniswap is appropriate. In the business world, a unicorn is a startup with explosive growth that quickly propels it to more than $1 billion in value.