1. Bitcoin continues choppy in high $40Ks amid market indecision. Bitcoin bulls struggle to pare the weekend’s losses despite a strong start on Monday. Bitcoin (BTC) trading around $47,700 as of 21:00 UTC (4 p.m. ET) slipping 1.83% over the previous 24 hours, which trading range was between $50,213 and $47,118.
2. On March 3, according to Bloomberg News, people familiar with the matter revealed that the payment giant PayPal is negotiating with the cryptocurrency security and custody company Curv to acquire it. The negotiations are still at an early stage, and there may be uncertainties in the outcome. In addition, according to Coindesk’s information from three people familiar with the matter, PayPal may acquire Curv for up to 500 million US dollars. “From what I heard; I am pretty sure this is true.” Earlier, Israel the news media Calcalist stated that the sale price of Curv is between 200 million and 300 million US dollars.
3. According to BlockBeats news and Binance official news, on March 2, 2021, Binance announced a strategic investment in Multicoin Capital and became a limited partner of the institution. This investment is Binance’s first venture into the field of investing in cryptocurrency funds. Multicoin Capital is known for its expertise, rigor and unique research in the blockchain field. Binance and Multicoin Capital have worked closely in various fields, and jointly discovered, incubated and invested in a number of high-quality early blockchain projects. In addition to this strategic investment, Binance and Multicoin Capital will also strengthen cooperation in more areas and explore new ways to support the development of the entire blockchain ecosystem and market expansion.
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