Bitcoin was trading around $ 38,000 per coin on Thursday morning, while rivals Ethereum and Dogecoin were trading around $ 2,700 and 33 cents per coin respectively, according to Coindesk,
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Another big name may have entered the cryptocurrency scene.
Carl Icahn is said to be interested in cryptocurrency.
The 85-year-old activist investor told Bloomberg TV he hasn’t bought any cryptocurrencies yet, but he’s studying Bitcoin, Ethereum, and the crypto industry to see where the opportunities lie.
PayPal is working on a new feature that will allow users to opt out Bitcoin and other crypto-currencies and transfer them to third-party digital wallets.
PAYPAL EXPANDS CRYPTOCURRENCY WITHDRAWAL FEATURE FOR THIRD-PARTY WALLET TRANSFERS
Pay Pal first announced its users could buy and sell Bitcoin and other cryptocurrencies on the platform in October.
The news came out of Coindesk Consensus 2021 Conference Wednesday.
Cryptocurrency and video games have made Nvidia profitable.
Nvidia reported record quarterly revenue and profit, driven by demand for video games and cryptocurrency and despite a widespread shortage of semiconductors.
CRYPTOCURRENCY, NVIDIA VIDEOGAMING POWER TO RECORD RESULTS
The company’s chips perform artificial intelligence calculations and mine cryptocurrencies, according to the Wall Street Journal.
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Nvidia’s bet on cryptocurrency mining has been volatile. The company suffered its worst quarterly revenue drop in nearly a decade during its fiscal fourth quarter two years ago after cryptocurrency prices fell, rendering mining unprofitable.