eBay CEO Says Platform May Soon Support Crypto – February 28

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $41,047

Bitcoin price has rocketed back up above the $41,000 level, in a very sharp recovery to begin the week.

Top-20 altcoins have performed well, as Ethereum rises 1%, Cardano gains 4% and Terra sees an 8% advance.

Top Stories for February 28, 2022 πŸ”₯

πŸ‘‰ eBay CEO Says Platform May Soon Support Crypto

eCommerce giant eBay may soon add crypto payment options, according to CEO Jamie Iannone. The addition aims to assist eBay to become the go-to platform for Millennials and Gen Z.

eBay has a long history of involvement or consideration of crypto, attempting to integrate Bitcoin payments as early as 2014. An official announcement may be made at the upcoming eBay investor’s day on March 10.

πŸ‘‰ BoA Does Not Expect “Crypto Winter” Thanks To Adoption & Growth

Recent analysis from Bank of America (BoA) claims that there will not be a “crypto winter” over the next several months, due to a high level of user adoption and development activity growing.

Despite the claim, BoA also mentioned that they expect the upside in the crypto market to still be capped over the next half-year, due to monetary policy tightening by the Federal Reserve.

πŸ‘‰ Ukrainian Government Raises Over $10M Crypto In Public Appeal

The government of Ukraine made a public appeal for cryptocurrency donations over the weekend, posting addresses for BTC, ETH and USDT across multiple official Twitter accounts.

More than $10 million in funds were received in total, including more than $5 million in ETH. The Twitter posts were made on the official Ukraine account and other accounts owned by the vice prime minister.