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PayPal Ventures Leads $52M Round for Crypto Firm Magic

[May 31, 2023 7:26 AM] The startup offers non-custodial wallet infrastructure for an enterprise client list that includes Macy’s and Mattel.

PayPal Plunging Despite Increasing Crypto Holdings

[May 13, 2023 5:40 AM] PayPal share prices are plunging and currently down 80% from 2021 peaks; the largest draw down ever, market data on May 12 shows. PYPL closed the week at $61.69, down 3% from Thursday, March 11. PayPal Shares Crumbling Analysts observe that the…

MetaMask rolls out ETH purchases via PayPal to US users

[May 11, 2023 12:59 PM] Users in the United States can also transfer ETH from PayPal to MetaMask. The companies first announced their collaboration in 2022.

Paypal’s Latest Report: $1 Billion in Crypto Assets, Holdings Are Predominantly BTC and ETH

[May 10, 2023 1:30 PM] Payments behemoth Paypal has disclosed in a Form 10-Q financial report filed with the U.S. Securities and Exchange Commission (SEC) that it is holding nearly $1 billion in cryptocurrency assets. This news comes on the heels of Paypal’s…

PayPal’s crypto holdings increased by 56% in Q1 2023 to nearly $1B

[May 9, 2023 9:56 AM] The lion’s share of the fintech’s held cryptocurrency assets lies in BTC and ETH with $499 million and $362 million, respectively — up more than 56% since Q4 2022.

Paypal Upgrades Crypto Services to 60 Million Venmo Users, Allowing Transfers to External Wallets and Exchanges

[Apr 30, 2023 12:00 AM] After the American financial technology giant Paypal rolled out crypto payments last year, the company is now introducing cryptocurrency transfer services to Venmo users. The firm detailed that Venmo customers will be able to send funds to an…

Venmo will enable fiat-to-crypto payments in May

[Apr 28, 2023 2:00 PM] Users of the mobile payment service will also be able to receive crypto through a QR code or external crypto address.

PayPal’s Venmo To Enable Ability To Transfer Bitcoin To External Wallets In May

[Apr 28, 2023 11:41 AM] Users who have purchased bitcoin through the app will now be able to take self-custody of their BTC, as well as send it directly to other Venmo users.Venmo, the mobile payment platform owned by PayPal, is launching the ability for its customers to…

PayPal to Enable On-Chain Transfers From Venmo Accounts, Including to On-Chain Wallets

[Apr 28, 2023 10:13 AM] The feature will become available in May, PayPal's Jose Fernandez da Ponte said on a panel at Consensus.

PayPal and the credit card industry are taking advantage of consumers

[Apr 4, 2023 1:18 PM] Stablecoins offer a way for consumers — particularly Americans — to escape the financial industry’s punitive transaction fees.

PayPal co-leads $20M seed funding for on-chain risk optimizer Chaos Labs

[Feb 22, 2023 2:30 AM] Chaos Labs protects crypto protocols against external exploits and risks with an automated risk management platform.

Ethereum’s $1.5K support weakens as ETH traders turn slightly bearish

[Feb 14, 2023 3:19 PM] ETH derivatives data shows bulls becoming less inclined to defend the current price level, creating an opportunity for more downside.

Report: Paypal Puts Stablecoin Plans on Hold as US Regulators Crack Down on Crypto Industry

[Feb 11, 2023 1:30 PM] During the first week of 2023, payment service giant Paypal said it was exploring the launch of a stablecoin. At the time, an executive at Paypal stated that if the company moved forward, it would work closely with financial regulators. However, on…

PayPal held $604M in Bitcoin and other crypto by the end of 2022

[Feb 10, 2023 7:58 AM] Bitcoin and Ether have the largest share in PayPal’s crypto assets, accounting for $291 million and $250 million in the asset breakdown, respectively.

Bank of America, JPMorgan, Wells Fargo Collaborate to Launch Digital Wallet: Report

[Jan 24, 2023 5:30 PM] Seven major banks, including Bank of America, JPMorgan Chase, and Wells Fargo, have reportedly teamed up to launch a digital wallet that will compete with other third-party wallet providers such as Paypal and Apple Pay. Big Banks to Launch a…

US Government Delays Tax Reporting Rules for Cryptocurrency Brokers

[Dec 25, 2022 4:00 AM] The enforcement of a requirement for brokers to report gains made by crypto investors has been postponed by the U.S. Treasury Department and the IRS. The new tax rules, incorporated into the $1 trillion infrastructure bill passed by the U.S…

Software Firm Consensys Partners With Paypal, Metamask Users Can Use Payment Processor to Buy ETH

[Dec 17, 2022 3:00 PM] On Dec. 14, the Ethereum software firm Consensys announced that the company has teamed up with the payment processing giant Paypal. The integration allows Metamask wallet users to purchase ethereum via Paypal from within the Web3 wallet…

PayPal has become an episode of Black Mirror: Elon Musk

[Dec 13, 2022 9:43 PM] The "PayPal Mafia" including co-founders Peter Thiel and Elon Musk have slammed the payments platform over its "totalitarian" debanking policies.

Why Bitcoin Is Not Like PayPal Or Venmo

[Nov 10, 2022 5:39 PM] Bitcoin is an entirely new paradigm of money, not a simple secondary payments layer built to increase ease of access like PayPal or Venmo.This is an opinion editorial by Mark Maraia, an entrepreneur, author of “Rainmaking Made Simple”…