[Aug 16, 2023 10:20 AM] Payments giant PayPal will temporarily pause crypto purchases in the United Kingdom until early 2024, the company said Wednesday, citing new rules by the country’s financial regulator.
[Aug 16, 2023 7:00 AM] Hardware wallet maker Ledger has partnered with payments giant PayPal to allow users to buy crypto in its Ledger Live app through their PayPal accounts, the companies announced Wednesday.
[Aug 16, 2023 7:00 AM] Through the new integration, verified PayPal users in the United States will be able to buy BTC, ETH, BCH, and LTC directly through Ledger Live.
[Aug 16, 2023 5:40 AM] PayPal will temporarily halt crypto purchases in the United Kingdom starting from Oct. 1, 2023, expecting to re-enable the service in early 2024.
[Aug 15, 2023 5:30 PM] Bank of America has provided its analysis of Paypal’s U.S. dollar stablecoin and the Fednow payments system. The bank does not expect the widespread adoption of PYUSD to occur in the near future, noting that the introduction of…
[Aug 14, 2023 8:27 PM] Analysts believe spot Bitcoin ETFs, new stablecoin adoption, and an upcoming Ethereum scaling upgrade are among the catalysts that could reignite the crypto markets.
[Aug 14, 2023 1:48 AM] The Cryptocurrencies Hub is key for PayPal to reinvent itself as a crypto-inclusive platform. The service will allow for the sale and purchase of cryptocurrencies among other functionalities.
[Aug 11, 2023 3:30 PM] This week’s Crypto Biz explores PayPal’s stablecoin, Coinbase’s new layer 2 network, Bitstamp’s fundraising and the growing popularity of crypto bots on Telegram.
[Aug 11, 2023 5:02 AM] Investors are likely indifferent to which stablecoins they hold as long as they are perceived as safe and accessible on the largest trading platforms, the report said.
[Aug 10, 2023 6:00 AM] Earlier this week, popular American payment giant Paypal unveiled the launch of its USD-pegged PYUSD stablecoins to investors. In response, Democrat congresswoman Maxine Waters has raised palpable concerns that may or may not threaten the…
[Aug 9, 2023 4:00 PM] In this week's issue, we cover Coinbase's launch of "Base," a layer-2 network atop Ethereum, along with the crypto community's reaction to PayPal's new stablecoin and the brouhaha over Matter Labs' use of Polygon-crafted open-source software. The…
[Aug 9, 2023 1:10 PM] Rep. Maxine Waters said she was “deeply concerned” about PYUSD without a proper regulatory framework in place, while Rep. Patrick McHenry said it “hold[s] promise.”
[Aug 8, 2023 4:00 PM] PayPal and Paxos dominated the news cycle on Monday with the announcement of the launch of the PayPal (PYUSD) stablecoin, but concerns have been raised about the possibility of user assets being frozen in their wallets, as is the case with USDT…
[Aug 8, 2023 3:28 PM] As Bitcoin retakes $30K and major players like PayPal delve into the crypto realm, the intersection of traditional finance and crypto becomes more pronounced.
[Aug 8, 2023 12:30 PM] At the time of writing, the official Paypal stablecoin PYUSD smart contract has been unveiled, and as it stands, the maximum aggregate supply amounts to 26,905,005.66 PYUSD. In spite of the existence of more than 26 million Paypal stablecoins, the…
[Aug 8, 2023 11:47 AM] Bitcoin price remains range bound as equities, gold and US Treasuries offer competitive rates with reduced risk. This week’s CPI report could shake things up.
[Aug 8, 2023 8:43 AM] Crypto infrastructure provider Paxos Trust is already working on other stablecoin projects similar to PayPal’s new PYUSD, said Paxos’ head of strategy Walter Hessert on CoinDesk TV on Tuesday.
[Aug 8, 2023 7:00 AM] Bitcoin rebounded on Tuesday, following the news that Paypal was launching a USD stablecoin on the ethereum blockchain. The company hopes the move will bridge the gap between fiat and cryptocurrencies for all of its stakeholders. Ethereum was…
[Aug 8, 2023 6:26 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for August 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
[Aug 8, 2023 5:30 AM] Representative Patrick McHenry, chairman of the House Financial Services Committee, weighed in positively on the launch of PYUSD, a dollar-pegged stablecoin issued by Paypal, a U.S.-based payments company. McHenry stated that if properly regulated…
[Aug 8, 2023 4:30 AM] United States Republican Patrick T. McHenry, Chair of the House Financial Services Committee, has released a statement calling for the need to pass the Stablecoin Bill in the wake of PayPal’s launch of its own stablecoin PYUSD. The Call For A…
[Aug 7, 2023 1:25 PM] From PayPal's entry into the stablecoin market to regulatory challenges faced by Worldcoin in Kenya, the crypto world continues to be a blend of innovation and controversy.
[Aug 7, 2023 10:36 AM] Reports indicate that PayPal’s stablecoin, PYUSD, was originally intended to be launched in collaboration with FTX on the Solana blockchain in 2022. However, unforeseen circumstances led to a sudden suspension of these plans. The…
[Aug 7, 2023 10:30 AM] Following the announcement by Paypal of the introduction of a novel stablecoin asset named PYUSD, a wave of counterfeit Paypal tokens has emerged on decentralized exchange (dex) platforms, including Uniswap. The absence of an official release of…
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