PayPal Withdraws Support of Facebook’s Libra Coin – October 7

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$8,187

Bitcoin is back up 4% in the last 24 hours, as the market appears to be stabilizing for a potential move to the upside.

Altcoins have shot up in value across the board, with Ethereum up 5% and XRP rising 8% over the last 24 hours. The majority of the top-20 is also up, with only two coins down in value.

Top Stories for October 7, 2019 🔥

👉 PayPal Withdraws Support of Facebook’s Libra Coin

PayPal is the first company to withdraw their involvement with Facebook’s Libra project, but has not yet offered a reason for doing so.

A total of 27 organizations remain part of an alliance helping to develop the cryptocurrency project, which still includes big names such as Visa and Uber.

👉 Finance Minister of Germany Wants to Blockchainize the Euro

Olaf Schloz, German minister of finance has expressed his support of the idea of a digitized Euro, stating that it would be good for Europe.

The statement comes as Germany has recently passed a blockchain strategy that will stop any issuances of “parallel” currencies in the country.

👉 Famous Cryptocurrency Tipping Service Shuts Down

Famous Reddit crypto tipping service TipJar has closed down, due to a lack of activity.

The creator has stated that he may make the code open-source once the shut-down is complete.