Paypal now lets you buy and sell cryptocurrencies, like Bitcoin and Ethereum. Paypal's FAQ reveals some big shortcomings to its cryptocurrency offerings.

Speculation kicked off after someone moved the huge sum on Tuesday, and now we know who it was: the U.S. government.

There is no written law that says that the US dollar must be used as the global reference for international trade. Still, companies, countries, and people from across the world use it because they have trust not only in the currency but in the USA as a country and their ability to pay back holders of their money and debt.

Compiled by entrepreneur and market commentator Alistair Milne, exchange rate figures show that at this week’s highs, Bitcoin was worth more in seven currencies than ever before.

Bitcoin and cryptocurrency traders are searching for direction, with the market more-or-less treading water since the summer. The bitcoin price, hovering around $11,400 per bitcoin, has been trading broadly in line with equity markets in recent months—with groundbreaking announcements, including payments company Square SQ +0.7% buying bitcoin, failing to much move the market.

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The bridges portrayed on EU currency aren't fictional anymore.

The business intelligence company told the U.S. Securities and Exchange Commission on Monday it "may increase" its bitcoin (BTC) holdings beyond the $250 million haul purchased in August.

Payments provider Mastercard has launched a digital currency testing kit to help central banks trial their own coins.

August 5, 2020, will forever remain engraved in the history of gold. Indeed, it is the day when an ounce of gold surpassed the $2,000 price for the first time in its history. Gold began the year 2020 at an already very high level of $1,520 an ounce. Aside from the significant drop it experienced a few days during the liquidity crisis that hit the world in March 2020, the gold price has never stopped to rise this year.

Whether or not Bitcoin is halal has been a point of contention for many Muslims. But the answer depends mostly on its intended use.

Bitcoin is a form of "money", a Washington, D.C. federal court said on Friday.

Although cryptocurrencies have been around for more than ten years and Bitcoin was first introduced in 2009, there is still a lot of skepticism around the crypto industry. Despite the market’s annual capitalization growth, many institutions in traditional finance do not recognize the role of digital assets in the global economy.

Since the dawn of civilisation, from barter to bitcoin, the very meaning of the word ‘currency’ has never stood still. Even in the current century, the core idea of what currency “is” continues to be malleable by group behaviour and innovation. Fiat currencies fall (mostly inflation led — case in point, Zimbabwean Dollar and Venezuelan Bolivar) but exchange of value, trades and transactions continues to take place with alternative forms of exchange. As a result, money will very likely evolve to a new medium.

As America experiences a coin shortage, Planet Money takes a look at the value of the penny.

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In a bid to lessen the blow of COVID-19, the town of Tenino has started issuing its own wooden dollars that can only be spent at local businesses. Will it work?

Cryptocurrency and worldwide politics must find some shared basis coexistence. Regulators and even central banks are increasingly expected to integrate digital assets into the global economy as the benefits of security and privacy outweigh the risks of market decentralization. Public officials should take these matters into account as central authorities become increasingly aware of cryptocurrency and its wide role in affecting long term policy development.

A global currency is one that is accepted for trade throughout the world. Some of the world's currencies are accepted for most international transactions. The most popular are the U.S. dollar, the euro, and the yen. Another name for a global currency is the reserve currency. According to the International Monetary Fund, the U.S. dollar is the most popular. As of the fourth quarter of 2019, it makes up over 60% of all known central bank foreign exchange reserves. That makes it the de facto global currency, even though it doesn't hold an official title.

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