Payment giant eBay is inching closer to accepting cryptocurrency payments, which could be available as an option to customers as early as March.
eBay chief executive Jamie Iannone says the bold move is designed to cater towards its younger customers, motivated by research which suggests that millennials are by far the most active demographic when it comes to cryptocurrency.
eBay have been long considering getting involved in Bitcoin, first considering accepting the premier crypto way back in 2013.
Rising interest in digital assets pushed further speculation that the online auction house would move to accept crypto, with the company finally announcing its interest to online media platform, The Street, yesterday.
CEO Jamie Iannone says eBay is now open to new methods of payments given the platform now manages US$85 billion in trading volume directly.
Earlier, eBay started accepting Google Pay and Apple Pay and from March 10 could start accepting cryptos as a mediun of payment.
Market News
Bitcoin has moved above US$40,000 for the first time since February 22, gaining a sizeable 15% in the past 24 hours.
The coin, which currently sits at above US$43,000, has been bolstered by imposed Russian sanctions as the Western world unites behind Ukraine.
Ethereum has also seen a significant uptick, gaining 13% in the past 24 hours, rising to above US$2,900.
Similarly, all of the top ten crypto have recovered ground following a period of decline since Russia’s invasion of Ukraine last week.
Terra (LUNA) and Solana (SOL) have been the biggest gainers ranked in the top ten, both rocketing 18% overnight.
Hamas Crypto Seized
Israeli authorities have seized digital wallets allegedly used by terrorist group Hamas, according to its Defence ministry.
On Monday it was announced that Defence Minister Benny Gantz had approved the seizure of 30 cryptocurrency wallets from 12 accounts, owned by an exchange credit platform linked to a terror group based in the Gaza Strip.
The exchange, owned by the Shamlah family, has allegedly transferred millions of dollars to assist the Hamas terror group, particularly its military wing.
The seizure by Israeli authorities comes around three years after Hamas had previously appealed for donations via Bitcoin.
Later in 2019, Hamas launched a program to raise money from international donors using a complex cryptocurrency system.
Altcoin News
Metaverse platform Decentraland is set to host the first-ever Metaverse Fashion Week on its platform.
The four-day virtual event will involve a runway show exhibiting artificial intelligence fashion and wearable tech in the form of non-fungible tokens (NFTs) and will include some of the biggest fashion brands in the world, including Tommy Hilfiger, Selfridges, Cavalli, Eli Saab and Vogue, according to a new press release.
MANA’s creative director Sam Hamilton says the demand for stylish digital clothes is booming, with Decentraland leading the way in rare and in-demand digital fashions since the launch of avatar wearables in 2020.
Since that time, designers have developed a booming market with over US$1 million in sales of avatar wearables last year.
The event, slated to run between March 24th to March 27th, will feature a futuristic-looking catwalk set in Decentraland’s new Luxury Fashion District, which will also host pop-up metaverse shops and afterparties.
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Data Source: Coinmarketcap.com, based on top 100 cryptos.
Note: Growth from the 24 hours prior to 12:30pm AEDT
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