Weekly Market Roundup: Bitcoin gains more ground, Ethereum 2.0 staking contract attracts more deposits, and NFT marketplace welcomes more fans
Bitcoin is gaining more ground in traditional finance as more payment processors roll out crypto payment options. Meanwhile, the number of Ethereum staked on the ETH 2.0 deposit contract rose to over 3.6 million ETH during the week. Here’s a quick rundown of some of the most important crypto news over the past week (Mar 28 to Apr 3).
BitcoinData shows that Bitcoin miners raked in over $1.5 million in March. A significant percentage of the revenue came in the form of per-block subsidies.
Speaking of Bitcoin’s adoption and mainstream push, the leading cryptocurrency recorded some noteworthy strides over the past week. A Nasdaq-listed firm, Mogo, announced that customers could now earn Bitcoin in a cashback program when they pay their mortgage.
During the week, PayPal rolled out support for Bitcoin and other crypto payments. Moving forward, customers can now use Bitcoin and three other cryptocurrencies to pay for goods and services at 29 million merchant locations.