PayPal has announced that it will allow UK customers to trade bitcoin and other cryptocurrencies from this week.
Bitcoin Price Surges Above $50,000
The price of bitcoin has risen above $50,000, marking a three-month high. PayPal’s announcement has helped boost the cryptocurrency market, which has seen a record-breaking price rally since July.
PayPal’s Crypto Expansion
PayPal plans to expand its crypto services to more of its 403 million international customers this year. The company has already opened up crypto services to US customers and is now rolling out its services to UK customers.
Wells Fargo Launches Passive Bitcoin Fund
Wells Fargo has registered its own bitcoin fund with regulators, which will allow high-net-worth clients to invest in bitcoin. The fund is a passive bitcoin tracker and is available to clients of the bank.
Audio Market Cap Surges Past $1 Billion
The market capitalization of the audio token Audius has surged above $1 billion, marking its first time above $1 billion. The token is the governance token of the decentralized music streaming protocol Audius and is staked by users to secure the platform.
**Tik