Coinbase allows cash transfers to PayPal; Social network Gab adopts crypto; UNICEF invests in 6 blockchain firms; Binance Labs incubation program shows results; Predicting Bitcoin value through investors’ behavior

US-based Coinbase users can now quickly transfer their funds to PayPal, free of charge

One of the world’s largest online payment platforms — PayPal — has recently partnered with the largest US-based cryptocurrency exchange — Coinbase. Thanks to this partnership, Coinbase users can now instantly perform crypto-to-cash money withdrawals to PayPal. The entire process is also completely free.

The new service will speed up the process and make it much simpler for everyday users. It consists of two steps — signing into Coinbase and linking the PayPal account, and then choosing PayPal as a payment option during cash withdrawals. The process is seen as yet another step towards increasing the use case for crypto and bringing it to mass adoption.

A free speech-focused social network decides to adopt crypto

In the era where social networks are among the most popular methods of expressing oneself online, free speech is in great danger of losing to censorship. This is why a social network called Gab was created. However, after banks and payment processors decided to deny service to the platform, it decided to turn to Bitcoin.

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After Bitpay and Coinbase also decided to refuse to provide their services to the platform, it integrated a Btcpay Server. Apart from Bitcoin, the platform also accepts Litecoin. While the platform is being used by libertarian and alt-right personalities who were searching for a network free of censorship, it still represents yet another use case for cryptocurrencies, as well as proof that cryptos bring freedom.

UNICEF announces support for 6 blockchain-based companies to tackle social challenges around the world

UNICEF, the UN’s charity arm, has recently announced that it plans a thorough research of blockchain technology. On Monday, the organization stated that it plans to invest $100,000 in six blockchain-based companies. The goal is to try and solve social challenges around the world by employing the new tech.

Startups chosen by the organization can help resolve issues related to healthcare, finances, resource management, and more. This investment is only one part of a larger program that is already funding 20 different startups. While the UNICEF recognizes that blockchain technology is still in its early stages, it also sees a lot of potential for solving real-world problems and creating a better world.

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Binance Labs has released the first group of blockchain-based projects from its incubation program

Binance’s venture wing called Binance Labs has just released the first group of blockchain projects from the incubation program. The program seeks early-stage blockchain projects and helps them grow faster via technical assistance and direct investments. The program officially started in August 2018, and its first projects are deemed ready for further independent development.

This first ‘batch’ contains eight projects, chosen by Binance Labs out of more than 500 applicants. Each project received $500,000 in seed funding, as well as access to mentors and resources. The incubation period lasted 10 weeks, during which seven projects managed to come up with working products, active users, and paying customers.

The Wall Street Cheat Sheet Reveals Behavior Patterns That Can Influence Bitcoin Price

Human emotions were always been one of the largest aspects of investing in financial markets. However, the problem was that they were deemed highly unpredictable. After years of studying the market, investors’ decisions, emotions such as greed and fear, analysts have created a Wall Street Cheat Sheet, a chart that now might be used for predicting Bitcoin price.

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The chart shows the entire market cycle, with differently-named parts, such as “Euphoria”, when investors are willing to take financial risks. Other periods include “complacency”, “anxiety”, and even “denial”. “Denial” was a period when BTC managed to hold on to the value of $6,400, after which the period of “bottoming out” came.

Next phases include “anger”, and finally “depression” which is when investors are expected to come to terms with their losses. Only then will the price start to climb up once again.