PayPal has expanded its cryptocurrency service to users in the UK. With the new service, people will be able to buy Bitcoin, Ethereum, Litecoin, or Bitcoin Cash for as little as £1.
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PayPal has announced that Venmo users can now buy, hold, and sell cryptocurrency directly in the Venmo app. PayPal itself started supporting the new currency type at the end of March.
PayPal has announced that it's adding cryptocurrency management to the portfolio of features on its platform. Users will be able to buy Bitcoin, Ethereum, and more directly in PayPal.
In yet another testament to the extreme volatility of digital currencies, Bitcoin has fallen to almost half of its earlier valuation of approximately $19,500. Other currencies are also seeing losses.
Following a massive hike in its value over the last month alone, and after reaching a record $19,500 valuation last Sunday, bitcoin - and other digital currencies - have experienced a loss in value.
Bitcoin has set a new record over the weekend. For a short time the cryptocurrency managed to surpass $5,000 before tumbling to around $4,700. The market cap of bitcoin now sits at around $76 billion.
With the price of bitcoin reaching record highs, motherboard manufacturers have begun challenging the limits of what is possible, by squeezing as many GPU slots they can onto mining motherboards.
Bitcoin has reached an all time high today of $3,280. The goal was reached following a turbulent week as a new cryptocurrency, Bitcoin Cash, was forked from it creating some uncertainty.
After an agreement on technical rules that should guide Bitcoin's future could not be reached, a group has now created 'Bitcoin Cash', a new fork that addresses some issues Bitcoin has faced lately.