PayPal opening its network to bitcoin and crypto is a game-changer, but the announcement hides a bigger and more important message.
A recap of an exceptionally bullish week for bitcoin and crypto as a whole.
The news comes a day after the payments giant confirmed it's entering the cryptocurrency market.
There may be more upside for crypto than for PayPal's earnings, researchers wrote.
The latest rally leaves bitcoin up 80% year to date, an enviable performance that's bound to inspire the fear of missing out among some investors.
Bitcoin (BTC) has risen above $13,000 in less than 24 hours after it broke the $12,000 level on the news PayPal will support cryptocurrencies on its platform.
Fintech giant PayPal confirmed its move into crypto Wednesday. Is its no-withdrawals bitcoin service too restrictive or mainstream-friendly?
The ninth-largest cryptocurrency by market value initially jumped more than 10%.
PayPal will offer its U.S. customers buying and selling of crypto, with support for payments to its merchant network next year.
Bitcoin's price clocked fresh 2020 highs on Wednesday after online payments company Paypal announced support for cryptocurrencies.
The New York Department of Financial Services license allows PayPal to offer cryptocurrency buying and selling through a partnership with Paxos.
Data center power management firm Lancium filed a lawsuit against Layer1 today, alleging the bitcoin mining firm’s operations had infringed upon its patent.
PayPal has chosen Paxos to handle the new service’s supply of digital assets, according to two people familiar with the matter.
PayPal had previously declined to say whether it had any designs in the crypto space; the letter from early March appears to confirm it.
Industry leaders reflect on PayPal's reported plan to offer direct access to crypto for its 325M users, while banks and crypto startups look for solutions to FATF's Travel Rule.