PayPal announced on Monday that it will allow UK customers to buy, hold, and sell digital currencies, starting this week. The cryptocurrency world is growing by the second, prompting organizations around the globe, like PayPal, to take notice. However, there’s a trick to the equation. Initially, the online payments giant will introduce only Bitcoin, Ethereum, […]
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After helping a new generation of investors get into stocks, Robinhood is increasingly doing the same for cryptocurrencies. More than $4 of every $10 that Robinhood Markets Inc. made in revenue during the spring came just from customers trading dogecoin, bitcoin and other cryptocurrencies. Robinhood also said Wednesday that it lost $501.7 million, or $2.16 […]
Popular investing company Robinhood Markets began trading on Thursday its initial public offering at $38 a share, followed by a 10 percent drop, and closing at $34.90. This came following an announcement on Saturday its plans to launch U.S. retirement accounts as an endeavor to raise its bidding. The investing platform had aimed to raise […]
Bitcoin’s price surged again Monday after speculation that Amazon may be entering the cryptocurrency sector after it posted a job seeking a “digital currency and blockchain product lead.” Bitcoin jumped more than 14% in the past 24 hours, nearly reaching $40,000 per unit before settling closer to $37,000. The five-week intra-day high reached Monday comes […]
Bitcoin rises back after witnessing another slump, surging past $30,000 today according to Coindesk. Once again, Elon Musk is behind the intense jump in value, as he reiterated his backing of Bitcoin during a panel held on Wednesday. The Tesla chief, who has been extremely vocal in the past about the environmental risks of Bitcoin mining, has confirmed during the “B Word” cryptocurrency conference that he will most likely resume accepting Bitcoin. “I […]
“Cryptocurrency is a scam and always has been,” are the words used by Dogecoin creator Jackson Palmer to describe the burgeoning digital currency ecosystem, as he resurfaced on Twitter after two years of absence. But Palmer didn’t stop there. He described cryptocurrency industry to be “a right-wing, hyper-capitalistic system, serving the protection of powerful cartel […]
The UAE’s Central Bank announced on Monday plans to rollout a new digital currency in accordance with its monetary 2023-2026 strategy, according to the state-run WAM news agency. However, while the report surfaced for a short period of time, the state-run news agency had pulled it from its platform for unknown reasons. In preparation for the digital […]
Swiss-based insurance and mortgage comparison company Comparis.ch has fallen victim to ransomware attack on Wednesday and shut down its website on Thursday out of fear of customer data breach. Comparis.ch is a price and product comparison platforms in Switzerland, specializing in products of health insurers prices, insurance companies’ prices, alongside banks and telecom providers. On […]
U.S.-based hardware company Square Inc announced on Tuesday plans to create a hardware wallet for Bitcoin, following a U.S. senator’s warning about imposed cryptocurrency threats on consumers and financial markets. The U.S. based financial service and digital payments company Square Inc — announced via one of its lead’s Twitter account– its plan to create a […]
Israel said Thursday it will begin seizing cryptocurrency accounts used by the Palestinian Hamas group to raise money for its armed wing. Israeli Defense Minister Benny Gantz ordered security forces to seize the accounts after a joint operation “uncovered a web of electronic wallets” used by Hamas to raise funds using bitcoin and other cryptocurrencies, […]