PayPal brings Bitcoin to U.K. clients, mining difficulty jumps 14% and technical assistance for El Salvador

Photo by Jievani Weerasinghe on Unsplash

PayPal users from U.K can start trading cryptocurrencies

Starting from this week, U.K residents will have initial access to buying, holding, and selling cryptocurrencies via PayPal. This development will make a remarkable milestone for a firm that started providing digital asset services within one year.

Source: Newsbtc.com

Bitcoin mining difficulty jumps 14%

Bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, jumped by 13.24%, reaching 17.6 T. This is the highest increase since May this year, and a significant jump from the 15.56 T, reached during the previous adjustment two weeks ago.

The hashrate dropped enormously due to the exodus of Bitcoin miners out of China. Since the rigs are installed elsewherea, like in Kazachstan and the United States, the hashrate starts to increase. This causes the difficulty to increase as well.

Source: Cryptonews.com

Regional development bank to help El Salvador

The head of investments Carlos Sanchez said the bank will assist El Salvador to design a legal framework for the adoption of bitcoin and to make sure strict international money laundering protocols are adhered to.

The assistance is meant to help El Salvador “navigate waters that have yet to be explored,” said Sanchez.

Source: Reuters

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