PayPal Reportedly Looking to Acquire Crypto Companies – October 23

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $13,004

Bitcoin price continues to hover around $13,000 today, as bullish momentum cools off after a strong week.

Top-20 altcoins have also slowed down a little, as Ethereum gains 3%, XRP falls 1%, and Chainlink rises above with a 6% gain.

Top Stories for October 23, 2020 πŸ”₯

πŸ‘‰ PayPal Reportedly Looking to Acquire Crypto Companies

A Bloomberg report has stated that PayPal is looking to acquire cryptocurrency companies, with BitGo said to be first on their radar.

According to the report BitGo – a cryptocurrency custody and trading firm – has already been in talks with PayPal, however both companies have declined to comment.

The acquisition talks have come just a matter of days following PayPal’s announcement of cryptocurrency services on their platform.

πŸ‘‰ Filecoin Enacts Network Upgrade Allowing Miners to Claim 25% Rewards

Filecoin has officially enacted an amendment to their economic model, which will entitle Filecoin miners to 25% of their block rewards without a vesting period.

The change came after miners complained about the network’s economic model, which initially had a staking requirement that made mining unreasonably expensive and difficult.

πŸ‘‰ WordPress Plugin to Enable Timestamping on Ethereum

A new WordPress plugin will enable users to timestamp website content on the Ethereum blockchain, for authenticity and protection from copyright issues.

The company behind the plugin, named WordProof, announced the tool yesterday at the London BlockDown 2020 3D virtual blockchain conference.