Tag: bitcoin

Venmo now allows transactions with cryptocurrency

Written by Marco Island Mortgage Syndicated User on April 20, 2021. Posted in Marco Island Mortgage, Mortgage Marco Island.

CNN – Venmo announced on Tuesday that it is allowing its users to sell, buy and pay with cryptocurrency on the app. Venmo, which is owned by PayPal, said its more than 70 million customers can buy bitcoin, ethereum, litecoin and bitcoin cash for as little as $1. Cryptocurrency is often daunting to newbies, so Venmo is offering in-app guides and videos to help answer frequently asked questions. More than 30% of Venmo customers have already started purchasing cryptocurrency or equities, according to the payments company. And 20% of those customers started doing so during the pandemic. Cryptocurrency...

Bitcoin suffers flash crash following week of crypto hype

Written by Marco Island Mortgage Syndicated User on April 18, 2021. Posted in Marco Island Mortgage, Mortgage Marco Island.

(CNN) — After a hype-filled week for cryptocurrencies, Bitcoin experienced a flash crash over the weekend, plunging nearly 14% in less than an hour, from about $59,000 to $51,000, on Saturday night before rebounding. Other popular cryptocurrencies including etherium and Dogecoin also fell dramatically, before recouping some of their losses. Bitcoin has skyrocketed in value this year as it gained more mainstream acceptance, but the sharp price fall this weekend seems to have been triggered by an unconfirmed Twitter rumor that the US Treasury was planning to crack down on...