Venmo is following in the footsteps of its rival, Square’s Cash App, by introducing cryptocurrency trading.
Bitcoin Cash News
In May 2017, Bitcoin transactions could take up to four days to complete. The only way to make a transaction quicker was to pay a transaction fee, which at the end of 2017 was around $28. The delay and the need to pay fees made Bitcoin impractical for making small purchases, which led to a new Bitcoin-based currency Bitcoin Cash (BCH).
BCH is a cryptocurrency established as a result of the hard fork that took place to manage the scalability problem. Bitcoin Cash has a number of significant differences to Bitcoin: it is advertised as being faster and cheaper to use, the maximum block size is eight megabytes against one in previous Blockchain, and it has an emergency difficulty adjustment feature. Bitcoin Cash also uses 0-conf (or zero-conf) which allows for nearly instant transactions, meaning Bitcoin Cash transactions are almost always confirmed in the next block.
After the initial oversold bounce, traders are struggling to sustain the momentum of the relief rally in Bitcoin and most altcoins, a signal that selling could intensify at higher levels.38113
Following Dogecoin’s lead, Ethereum Classic rallied to a new all-time high and Bitcoin Cash doubled as altcoin forks have started to gain traction.53712
Roger Ver demanded that GoDaddy remove Bitcoin.com from its sales listing. A few hours later, it appears to have been purged.12225
A Judge has nixed a lawsuit alleging Roger Ver and Jesse Powell and several other crypto figures engaged in market manipulation.9431
A checkout service will be implemented which waives transaction fees for purchases made using crypto, PayPal's president and CEO confirmed.13323
The car maker subsequently deletes a warning not to send Bitcoin Cash or Bitcoin SV as payment for orders, but for BCH/BTC, the damage was done.46088
Several altcoins are moving to new all-time highs as bulls struggle to lift Bitcoin price above $60,000.79012
The mining subsidiary of Japanese financial conglomerate SBI Holdings is opening its pool services to institutional and retail customers alike.8380
Select altcoins could move toward new highs if Bitcoin price continues to trade in a tightening range.58975
Bitcoin’s rejection at its all-time high and a negative divergence on the RSI suggest that BTC's bullish momentum could be weakening and altcoins may see profit-booking as a result.60618
Bitcoin bulls are attempting to push BTC price back toward $58,000 but data shows altcoins may be losing their bullish momentum.77873
Select altcoins could rally to new all-time highs if Bitcoin bulls successfully hold BTC above the $57,000 level.71546
Bitcoin and altcoins are picking up momentum as bulls attempt to secure a daily close above the $52,000 level.54869
Selling pressure from global equities markets continues to weigh on Bitcoin price as traders endeavor to flip the $50,000 level back to support.53695