The famous decentralized finance (DeFi) protocol Curve Finance’s native crypto token CRV skyrocketed during the last 24 hours as some reports appeared saying that the leading online payments firm PayPal has made the acquisition of Curv, an unrelated digital currency custody firm based in Israel.
Reports: PayPal Acquires Custodial Firm Curv
On the 2nd of March, some reports appeared in the cryptocurrency community that stated that the payment giant had acquired the cryptocurrency custody firm Curv. Publications cited unknown sources that were familiar with this matter.
As reported by a local media outlet, PayPal might have purchased this custodial firm for an amount of $200 million or $300 million, which is a massive amount paid for an acquisition making it one of the major acquisitions seen in the crypto industry.
CRV’s Price Shot Up By Over 30% Within 24 Hours
When this news of the acquisition of Curv made by PayPal broke out in the cryptocurrency community, it greatly influenced the price value of the native digital currency of Curve Finance CRV. After this news, the price of CRV shot up by over ten percent within the duration of just one hour.
Various traders started stepping into the market and investing in this token. This boosted the price value of the coin up. Within just a matter of time, CRV’s price value reached $2.60 while increasing from $2.30. Reportedly, the price of this digital token has skyrocketed by more than 30 percent during the course of the last 24 hours, and all the credit goes to the news of the acquisition of Curv by the payments giant, which caused this remarkable price rally of the coin.
Moreover, several posts on Twitter tagged Curve’s official account and celebrated this news of the acquisition. In response to these tags, Curve posted a tweet saying, “The correct account for that is @curvmpc, not us.”
The correct account for that is @curvmpc, not us
— Curve Finance (@CurveFinance) March 2, 2021
Ripple’s Co-Founder Suggests that “Crypto Industry should Reconsider Proof-of-Work.”
Lawyer James K. Filan Says XRP Community Could Make A Huge Impact On Ripple Vs. SEC Case
$33M Injected Into XRP Products Within One Week Boosting AUM Of the Sector Up
How Is the XRP Lawsuit Going And How Investors Make More Money on the Recent Fluctuation of XRP Prices?
XRP Holders are Seeking intervention in the SEC’s Lawsuit Against Ripple
Recent Press Release
The Best NFT & DeFi Project Token Sale, TimeCoin(TMCN)
The best opportunity to invest in TimeCoin(TMCN) to realize both capital and income gain. The Special Token Sale of TimeCoin...
Place 1xBit bet BTC and Win
cryptocurrency is very much valued in the modern world, because it allows fast and secure transactions in different parts of...
Hips Payment Group Launches Merchant Token (MTO), a Cryptocurrency That Will Bring Consumer Protection to Blockchain Payments
Solution supports decentralized finance (DeFi) trend with consumer protection via smart contracts. DUBLIN, Ireland (April 1, 2021) – HIPS Payment...
Best 5 Crypto Social Trading Platforms
Over the past few years, technology has brought about drastic changes in how people approach the subject of investment. As...
TimeCoin (TMCN) Special Token Sale is Live Join Now!
The Special Token Sale of TimeCoin (TMCN) was launched on February 15th, 2021, with a 93% discount on the token’s...