Cryptocurrency News Today Opera has launched a TRON wallet integration on its browser. This move gives up to 350 million users of opera access to TRC from their web browser. Users will also have access to built-in Dapps store and TRON Dapps. The feat has only been achieved by Bitcoin and Ethereum, the top two cryptocurrencies.

This move to adopt the network will give it more universal access to Dapps. Also, it would allow consumers access to lots of apps that can be found outside the Play Store and App Store. Tron has made a name for itself as the go-to platform for crypto as well as the most popular decentralized app platform which supports different gambling, trading and gaming apps.

TRONs decentralized blockchain features high throughput, low-cost transactions and limited restrictions. These features have attracted millions of people to the network. Opera will solidify this place by giving Tron an international presence while showcasing the versatility of the blockchain.

Justin Sun, founder of TRON, and BitTorrent spoke about the announcement. He believes that Opera is an important software company which is bringing privacy, security and dynamic crypto capabilities to millions of users. Sun said,

We are proud to connect the largest, active blockchain ecosystem to the best web browser ever built.

The web browser has an ad blocker, private mode, free VPN and integrated messenger. It is also a top Web3 advocate and privacy proponent. Its move to integrate bitcoin, Ethereum and Tron digital wallets have supported the objective so far.

Opera is also the first to introduce a cryptocurrency digital wallet out of all the web browsers in existence. It allows crypto transactions to be conducted safely on websites as well even when used on the mobile platform. The desktop version of Opera browser bolsters crypto assets while the crypto wallet of Opera reinforces non-fungible tokens.

The web browser has been known as an innovator in the space. Opera is headquartered in Oslo, Norway. It is also listed on the NASDAQ stock exchange. More than 350 million people in the world use the fintech solutions of the browser as well as the products.

Tron was founded in 2017 by Justin Sun. it aims to increase the decentralization of the internet using blockchain technology and decentralized apps. The network has achieved different feats such as network independence, Tron Virtual Machine and Mainnet launch. Earlier in the year, BitTorrent joined the Tron family when it was acquired and that move brought in 100 million active users to the network.

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Looking at the daily chart below you can see a big up move today as the price shot 20.74% higher.

Now the price were most contracts have been traded could be the target at 308.00.

The trendline and massive descending wedge formation has been broken to the upside.

The resistance at 270.41 has held firm, lets see if the bulls can close above that level.

The same 270.41 level is the head and shoulders next line that was broken on September 24th.

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ArcaChief Investment Officer Jeff Dorman joined CoinDesksBrad Keoun on Thursday, Oct. 24, to talk about the current downward trend in crypto pricing and why things may be looking up. (On Friday, bitcoins price shot up 13 percent to more than $8,400.)

Its always difficult real-time tounderstand whats causing a pricedecline or a price appreciation.After thefact, you can piece together pieces ofnews that may have caused it, said Dorman, adding:

I thinkover the last months, not just yesterday, youre definitely seeing some minersselling, which is causing some downward pressure. But the reality is, Ithink these selloffs are more aboutlack of money in the system right now. Theres just not new money coming in at the moment.

His take? There is no buyer of last resort in crypto, which means that distressed assets dont get scooped up.

Dorman also commented on the Libra hearings, saying hes not certain they had much effect.

Well, you know, I think retail investors probably arent spending a lot of time watching C-SPAN, he said.

You can watch the rest of the interview above or read the transcript below.

Brad Keoun: Were here today with Jeff Dorman. Hes the chief investment officer of Arca. Were very lucky to have him. He has a long resume of experience. Hes a former high-yield bond trader with big firms like Citadel, Merrill Lynch and Friedman, Billings, Ramsey, and lately hes been bringing that experience to bear in the crypto space. Jeff, thank you so much for your time today.

Jeff Dorman: Absolutely. Thanks for having me.

BK: Yesterday we had a very big move down in bitcoin, and Id love to get your thoughts there on what happened.

JD: Sure, it is always difficult to understand whats causing a price decline or price appreciation. After thefact, you can piece together pieces ofnews that may have caused it. I thinkover the last months, not just yesterday, youre definitely seeing some minersselling, which is causing some downward pressure. But the reality is, Ithink these selloffs are more aboutlack of money in the system right now. Theres just not new money coming in at the moment, and, more importantly, theres no buyer of last resort. In traditional asset classes, you see rotation when equities go to cheap. The distressed bond guys start to buy if distressed bonds or companies by that their own bonds and equities. In crypto, right now, there really is just no buyer of last resort. Youre not seeing that rotation yet, so until that until that starts to happen, I think moves up and down are always going to be exacerbated.

JD: Its a good question. I think a lot of it is still the education. I think people are definitely learning. Education is number one. We need to get reputable companies in here who help traditional investors get in here and part of it is simply getting traditional investors to recognize that this really is an asset class that they can you can use for a variety of different purposes, whether thats for hedging with speculation, whether its for growth.

BK: Just sort of anecdotally looking at bitcoin market, and it seems like well have these big stair-step moves and then well go along in a range, and then well have another very large move. Im curious for people who are kind of kicking the tires on this market. What out of the how did they look at that?

JD: I think for the most part, traditional investors are not scared off by volatility as long as theres upside volatility as well right now, but volatility can be managed. There are certainly times when youll get all sides. There are certainly times where you dont see something coming and youre not hedged or wedged appropriately. For the most part, traditional investors are very good at managing risk, and theyre very good at managing volatility so that thats to me, not something thats going to scare people away from this market. I think what will scare them away is not understanding where the volatility is coming from, and I think thats where a lot of the due diligence is going through right now, trying to figure out how its happening, how they can prevent against it what kind of managers or that they can trust to actually manage that risk for them.

BK: What were your thoughts on Mark Zuckerbergs testimony yesterday? And Im curious if theres any way that sort of maps back to how people think about bitcoin?

JD: I think retail investors probably arent spending a lot of time watching C-SPAN. Certainly traditional institutional investors have that out in the background. So I think itll certainly shape some narratives in terms of what people take out of it. But me personally, I felt uncomfortable watching it. I dont like when six hours of time is being used and accomplishing very little. I dont think the questions were very good, and as a result, the answers couldnt be very good either. I think its a good thing that regulation is going to happen, and I think it is a good thing that for good or for bad, the Libra and Facebook project is forcing this into the public narrative faster than maybe it would have otherwise.

But in terms of price action, I think a lot of people were excited about Facebook and Libra, which probably contributed to the run-up earlier in the year. And now that thats stalling and not going as well, its certainly contributing to the downside. But I dont think in a vacuum that that one testimony or anything else thats going on with Libra is really the main driver of crypto.

BK:Just looking ahead, a big event next week in traditional finance: The Federal Reserve is gonna have its meeting. And theyre expected to cut rates for the third time this year. I dont know if you have any thoughts specifically on what that means for bitcoin in the short term? But maybe long term, any thoughts on on what the Fed is doing?

JD: Yeah, the Fed actions to date havent had much of an impact real time in the price of bitcoin already on any other digital assets except for the July 31 cut. The first cut really did spark a 25 percent rally over the next five days, August 1- August 6, just because it is such a reversal of what had been happening over the last four or five years of going the other way with tighter monetary policy rather than looser long term. So I dont expect next weeks cuts to really have an impact. However, you couldnt ask for a better long-term backdrop for bitcoin right now, with anything from whats happening with the QE and all in the repo markets and just constant injections of liquidity, which obviously is going to lead to inflation at some point or just raising the debt ceiling. The political unrest that were seeing everywhere, from Chile, Argentina, to Lebanon to Hong Kong, low rates everywhere, which is just spurring aggressive investing and obviously creating further bubbles. So long term, I think this is absolutely part of the bitcoin bull thesis. But I wouldnt expect too much of a reaction at all, just based on the rate cut itself.

BK: Just a last question here. I was just reading this editorial board piece from Bloomberg earlier this week, and they said that the world economy is quote stumbling toward disaster. And of course you know Michael Bloomberg potentially in the wings of, you know, as a presidential candidate, jumping in. But aside from that, Bloomberg has a lot of credibility and youre a former high-yield bond trader, and one of the things they talked about was how bad it could get in a credit-cycle turn. And Im just curious, What would that mean for bitcoin if if the U.S. really went into a full-blown downturn?

JD: In debt, were trained to look at downside, not upside, whereas equity guys usually look through rose-colored glasses and look at the upside first.

So certainly the people in the debt circles are more concerned about this right now than the equity guys. I think its a real concern. There are people who, nine years ago, eight years ago were calling for the same demise as people are calling for now and truthfully, nothing has really changed, except for this giant band-aid of liquidity that the Fed and other central banks have put over the problem.

So it certainly could get that bad. I dont think the world going into a deep recession or a massive systemic banking failure is going to be good in the beginning for bitcoin. I think correlation goes to one across all risk assets as soon as things get bad. However, long term, it really would be the reminder of why bitcoin exists in the first place. And, you know, a lot of people, especially in the United States, when youre not affected by the issues that are going on elsewhere, with real restrictive government regimes and real currency depreciation, youre just not going to appreciate how important bitcoin really is to the future success of money.

But if we go through here in the U.S. because of a global recession, it will wake people up to how important this is that you do need to start thinking about safeguarding your assets again, right? The last time this happened in 2008 there wasnt an alternative. Most of the smartest investors in the world were either shorting equities, and we know that was a disaster. Or they were buying gold, which has been a bad trade for 10 years, or they were shorting sovereign bonds. You know, anything from Italy to Spain to Greece. And that was a disaster because the ECB bailed everyone out. Bitcoin was just getting going. Then it wasnt the viable option it is now. And if you do have a shake-up like that, like I said, near term its going to be bad for bitcoin. Long term, it will certainly make many more investors and many more people aware that bitcoin is a solution to these problems.

BK: Jeff, that is fascinating. And I really appreciate your time and your joining us today

JD: Absolutely. Fun to be here. Its always good talking to you.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

The growing popularity of digital forms of money, as well as digital and mobile payment systems is making cash obsolete and allows PayPal to expand its services and promote financial inclusion.

Weve been talking about this phenomenon or trend for years now, and its here, Rainey said in the recent interview with CNBC, referring to the decreasing presence of cash.

He named several factors that might have contributed to the so-called death of cash. Digitization of payments and the growth of mobile devices arethe most important of them, according to John RaineyIts where those two come together that really create opportunities like PayPal to really expand the suite of financial services, to large swaths of the population that are really underserved by how we characterize that today, he said. PayPal targets about 2 billion people around the world that have mobile devices but little to no access to banking services like checking accounts or savings accounts.

The company wants to increase its presence in places like India, Latin America, and Africa to provide people in those fast-growing regions with access to financial services.

Notably, PayPal is not the only company that seeks to capitalize on unbanked. Facebooks Libra project also targets these social groups. The head of the social media giant promoted his cryptocurrency project as a way to increase financial inclusion and democratize global financial system.

Notably, earlier this month, PayPal left Facebooks cryptocurrency project to focus on its own services.

Read also: PayPal confirm they are leaving the Libra Association

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.