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Venmo built crypto trading into its payments app
PayPal-owned payments company Venmo is rolling out the ability to buy and sell cryptocurrency to users.
PayPal will soon let US users buy, sell and shop with cryptocurrency
The company plans to bring digital currencies to Venmo next year too.
Samsung Galaxy S10 leak hints at cryptocurrency wallet
Samsung' Galaxy S10 appears to have leaked again, but this time the big deal is what's on screen. Gregory Blake and Ben Geskin claim to have leaked images of a Samsung Blockchain KeyStore that would serve as a cryptocurrency wallet, whether you're bringing over an existing wallet or starting fresh. The imagery only shows it supporting Ethereum, but SamMobile noted that its sources also anticipated support for Bitcoin, Bitcoin Cash and ERC20.
Bitcoin plummets to its lowest value in over a year
Bitcoin has plummeted to below $5,000, its lowest value in over a year, amid drops for the world's leading cryptocurrencies. Its value currently stands at $4,463 (as of 04:32AM ET), while its losses for the past week now total 16 percent and more than 65 percent for the year, according to CoinDesk.
Coinbase finds no wrongdoing in Bitcoin Cash insider trading probe
Last December, Coinbase halted trading of Bitcoin Cash just hours after it unexpectedly announced the addition of the cryptocurrency to its platform. The company, which initially said it wouldn't support Bitcoin Cash, a hard fork of Bitcoin, reversed its position, later saying it would add the currency by January 1st, 2018. Surprising many, it then announced access to Bitcoin Cash on December 19th, but the currency had already begun experiencing a price surge in the hours before the announcement, leading many to speculate that Coinbase employees who knew about the addition ahead of time had started buying up Bitcoin Cash in expectation of a price increase once Coinbase officially announced its availability. Accusations of insider trading led Coinbase to launch an investigation into the matter, which has now been wrapped up.
Coinbase halts Bitcoin Cash transactions over insider trading fears
The start of Bitcoin Cash trading on the Coinbase exchange was supposed to be a great opportunity to get into a major new cryptocurrency while its values weren't yet through the roof, but that's... not how it panned out. Coinbase froze transactions just a few hours after they began in order to investigate numerous accusations of insider trading. Observers noticed that the price of Bitcoin Cash rose sharply before news of its availability on the exchange broke, and that there was a sharp selloff virtually the moment trading started. From a cursory glance, it looked like someone knew about the Coinbase move in advance, triggered a flurry of trading that led to a spike in price, and took advantage of this for a massive windfall.
Coinbase will support newly-minted Bitcoin Cash after all
Earlier this week, disgruntled members of the bitcoin community successfully split a new cryptocurrency off from the main branch. Bitcoin Cash, as it's called, attempts to speed up transactions, a key problem with bitcoin's aging structure. But the new alternative currency will only survive if users invest in it. Some cryptocurrency exchanges said they wouldn't back it due to its instability, but one of those holdouts, Coinbase, just announced that it's come around and will support Bitcoin Cash.
Bitcoin feud splits the currency in two
This morning, bitcoin split into two currencies -- the original and Bitcoin Cash. The hard forking, as it's known, resulted from heated debate over the cryptocurrency's future, since the aging tech behind blockchain has prevented easy scaling. While a new code upgrade called SegWit2x was introduced last week as a compromise, dissenters still decided to start backing Bitcoin Cash and fork off in their own direction. The community anxiously waited for financial fallout after the schism, but aside from a temporary 7 percent drop in bitcoin value this morning, the split seems to have avoided disaster. Whether Bitcoin Cash sticks around is another question.
