Wow. Within the span of an hour or two, reports have revealed that Facebook’s crypto project, Libra, suffered some heavy blows. It first started on Friday morning, with the Financial Times revealing that both eBay, the e-commerce/online marketplace giant, and Stripe, a fintech giant, have dropped out of the Libra Association. Speaking to the outlet,…
New rumors circulating the web suggest that payments processing giant PayPal and subsidiary Venmo are making a major play in crypto.What are the two powerhouses planning and how might it impact the crypto market in the future?PayPal and Venmo To Begin Selling Bitcoin, Launch Crypto WalletIf you can’t beat ’em, join ’em, goes the saying.…
If you have perused Crypto Twitter at all over the past few months, you’ve likely encountered “Bitcoin fixes this.” The meme, which has quickly become an industry favorite, has become somewhat of a ubiquitous phrase — a catch-all meme if you will — to use whenever the traditional world runs into a problem. Chile…
Facebook’s ambitious crypto project Libra is running out of steam as it gets hounded by regulators and governments around the world. The social media giant was dealt another blow yesterday when major project partner PayPal announced that it was jumping ship, but the Coinbase boss thinks the US should reconsider its negative stance. Rats Desert…
Today, news broke that PayPal is ready to launch cryptocurrency payments to merchants, allowing its massive userbase of millions to pay with Bitcoin and the other altcoins has offered since the middle of last year. However, like all things related to centralized platforms getting involved in cryptocurrencies, there’s a catch. PayPal To Allow Customers To…
Bitcoin is stuck near $60,000. Some analysts think the cryptocurrency would break the level to the upside and establish a new record high. Meanwhile, a section believes that the price would crash back towards $50,000. Amid the conflicting scenarios, Dr. Jeff Ross, the founder/CEO of Vailshire Capital Management ̦— a Colorado-based hedge fund, believes the…
Bitcoin prices rallied in the early London session after Reuters reported that PayPal would launch its crypto checkout services later on Tuesday. The payment giant, which started offering bitcoin custodial and trading services in October last year, will now allow US customers to use their cryptocurrency holdings to pay to PayPal’s millions of merchants worldwide.…
PayPal’s latest decision to launch a cryptocurrency checkout service included support for four digital assets: bitcoin, ether, bitcoin cash, and litecoin. Still, Binance exchange’s native cryptocurrency, Binance Coin, benefited the most from the global payment giant’s pro-crypto declaration. Binance Coin, or BNB, surged more than 8 percent on Tuesday, hitting $304.39, the highest level almost…
Payments behemoth PayPal is expanding their crypto personnel. The company is reportedly hiring over 100 crypto-related employees as consumer crypto demand continues to grow. Over the past week, PayPal has been in continued conversations around growing it’s crypto services. A Lot Of Shoes To Fill While a majority of the job listings are in the…
Rumors that PayPal and Venmo are poised to offer direct sales of Bitcoin, and other cryptocurrencies, made headlines yesterday.There has been no official confirmation from PayPal yet. But the news coming from several different sources, in conjunction with a recruitment drive for blockchain engineers, have heightened expectations.A look at the peer-to-peer payment space sees intensifying…