[Nov 2, 2023 8:00 AM] After releasing its new stablecoin PYUSD, the payments giant Paypal disclosed that the U.S. Securities and Exchange Commission (SEC) subpoenaed the company concerning the stablecoin. Paypal stated in its Form 10-Q for the third fiscal quarter that…
[Nov 2, 2023 4:47 AM] Global payments giant PayPal (PYPL) received a subpoena from the U.S. SEC requesting documentation about its USD stablecoin on Wednesday.
[Nov 2, 2023 1:30 AM] The payments giant Paypal has successfully achieved registration with the Financial Conduct Authority (FCA) in the United Kingdom, a fact verified by the FCA’s website on October 31. This move comes shortly after Paypal’s temporary cessation of…
[Oct 25, 2023 7:30 AM] According to current metrics, Paypal’s stablecoin PYUSD has increased its supply by more than 49% since the end of September, rising from 94.39 million to 140.86 million. Moreover, the number of PYUSD holders has risen by 55% since September…
[Oct 4, 2023 1:22 AM] Bybit and PayPal have recently withdrawn certain services from the U.K. and Luno has halted some U.K. clients from investing in crypto – just ahead of tough new promotions rules for crypto firms coming into effect.
[Oct 3, 2023 12:30 PM] Last week, PayPal, alongside their infrastructure partner Paxos, announced an integration of their PYUSD stablecoin product with Venmo, one of the largest mobile financial applications on the market. With over 78 million users, Venmo is currently…
[Sep 30, 2023 4:30 AM] Paypal has chosen Crypto.com as the “preferred exchange” for its recently launched stablecoin issued by the blockchain company Paxos. The partnership with the trading platform seeks to prop the U.S. dollar-pegged cryptocurrency which has already…
[Sep 28, 2023 12:57 PM] PayPal’s proposed NFT purchase and transfer system would handle fractionalization, DAOs and royalties through a third-party provider.
[Sep 20, 2023 12:30 PM] On Wednesday, the payment giant Paypal announced that the stablecoin PYUSD is now available on Venmo. Paypal detailed that the stablecoin asset will be available to select Venmo users and fully roll out for all users “in the coming…
[Sep 19, 2023 2:00 PM] A new report has shown that the adoption of PayPal’s PYUSD stablecoin has seen less than favorable adoption rates since its inception. The crypto community remains skeptical about employing the new stablecoin for daily crypto payments and has opted…
[Sep 18, 2023 4:19 AM] Tether pioneer William Quigley, who was also an early investor in PayPal, said he doubts the payments giant will bring much innovation to the stablecoin space.
[Sep 15, 2023 3:00 PM] This week’s Crypto Biz looks at PayPal’s crypto gateway, Franklin Templeton’s BTC ETF filing, Coinbase’s Lightning Network integration, and Meta’s plans for a new AI model.
[Sep 14, 2023 10:00 AM] In a surprising twist of events, Paxos has come forward to take the blame for the $500,000 Bitcoin fee payment after PayPal was accused of being the party responsible for the exorbitant fee transfer. Paxos Comes Forward As Guilty Party Paxos, a…
[Sep 14, 2023 8:30 AM] Paypal’s stablecoin, PYUSD, has been operational for 38 days. The token’s issuer, Paxos, has issued a transparency report related to the coin’s reserves. Much like many of today’s stablecoin industry leaders, PYUSD is…
[Sep 13, 2023 11:12 AM] In a surprising turn of events, PayPal, the global online payments giant, reportedly overpaid a staggering $510,750 on a Bitcoin transaction fee. The incident, initially thought to be a "fat-fingered" mistake, has now been traced back to an…
[Sep 13, 2023 5:30 AM] Payment processor Paypal announced it’s introducing on- and off-ramps to facilitate crypto payments for Web3 platforms. Once integrated, merchants in the sector will be able to employ them to expand their user base by connecting to…
[Sep 13, 2023 4:07 AM] The total assets held in PayPal USD custody “meet or exceed the token balance,” with total tokens outstanding amounting to $44.4 million as of Aug. 31, Paxos report states.
[Sep 8, 2023 7:57 AM] The U.S. is far from making any decision on a central bank digital currency (CBDC), said Federal Reserve Vice Chairman Michael Barr, who described the Fed as still being in the “basic research” phase.
[Sep 7, 2023 5:30 AM] European Central Bank (ECB) executive board member Fabio Panetta has warned about stablecoins issued by private providers, such as Paypal. He also provided an update on the progress of the digital euro. “At the ECB, our investigation phase is…
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