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PayPal has entered the cryptocurrency market, announcing that its customers will be able to buy and sell Bitcoin and other virtual currencies using their PayPal accounts. Those virtual coins could then be used to buy things from the 26 million sellers which accept PayPal, it said. PayPal plans to roll out buying options in the US over the next few weeks, with the full rollout due early next year. Bitcoin prices rose alongside the news, breaking the $12,000 (£9,170) mark. The other cryptocurrencies to be added first will be Ethereum, Litecoin, and Bitcoin Cash (a spin-off from Bitcoin). All could be stored "directly within the PayPal digital wallet", the company said. 'Penny stocks' Cryptocurrencies have remained a niche payment method, partly down to the rapid change in prices they can experience compared with traditional state-backed currencies. That has made them popular among some types of investors. PayPal said it was aiming "to increase consumer understandin...

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US President Donald Trump is expected to retreat from his campaign promise to rip up a nuclear deal signed by Iran and the P5+1 group of countries, including the US, the UK, France, Russia, and China plus Germany in 2015, says an analyst. “Despite President Trump’s campaign promises in which he called the Iran nuclear deal as the ‘worse deal’, we don’t think the White House will be killing the nuclear deal,” Roozbeh Aliabadi, managing partner of the Global Growth Advisors from New York, told Press TV on Tuesday. European states, Russia and China are behind the nuclear accord called the Joint Comprehensive Plan of Action (JCPOA), the analyst said adding, “it is highly unlikely that we will see killing of the deal.” “It is reasonable for all of us to assume that the nuclear deal will stay in place,” the analyst noted. He said the fact that Trump in his first three weeks in office has not yet discussed the JCPOA with the ...

Snap and Google will be partnered for the next five years, according to Snap’s S-1 filing released last week. Completed on January 30, the deal commits Snap to purchasing $400 million in Google's cloud services annually until 2022, totaling $2 billion over the period. The new lease is a formal continuation of a partnership that began around 2013,  TechCrunch notes .  The deal is a big win for Google Cloud, as mobile video is poised to make up a larger portion of the data storage space. Snapchat users are highly engaged, with the average daily user turning to the app 18 times each day, according to Snap's S-1. And although Google doesn’t break out revenue from its cloud business, instead lumping it together with nonadvertising, which includes the Google Play store, the $400 million deal will give it a hefty annual bump. In Q4 2016, nonadvertising accrued $3.4 billion in sales. Mobile video already accounts for more than half of all mobile traffic. In 2015,...

US President Donald Trump Iran has “total disregard” for the United States, says President Donald Trump, repeating his rhetoric against the nuclear deal between Tehran and the world powers, including Washington. The accord, known as the Joint Comprehensive Plan of Action (JCPOA) is “the worst deal I’ve ever seen negotiated,” he said in an interview with Fox News on Sunday. Since he started campaigning for the 2016 presidential election, the New York billionaire has on several occasions spoken ill of the JCPOA, giving promises ranging from an immediate repealing of the deal to renegotiating it. His Sunday appearance still  left the “door open,”  as Fox News put it on its headline. “We’ll see what happens,” Trump said. The new president also parroted the anti-Iran rhetoric, promoted by the GOP and his cabinet members,  accusing  Tehran of supporting terrorism. “They’re sending money all over the place and weapons, and you can’t do that,” he said. “That deal,...