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Paypal’s PYUSD Stablecoin Central to Investment in Digital Finance Platform Mesh
30.1.2024
Paypal Ventures, the venture capital division of Paypal, revealed this week its investment in Mesh, a financial technology startup focused on advancing digital payments. The investment entity emphasized that the capital injection was primarily allocated using the firm’s newly introduced...
Morgan Stanley: Spot Bitcoin ETFs Could Reshape Global Crypto Attitudes
14.1.2024
Source: Adobe/wolterke The crypto landscape has changed dramatically over the past few years, with stablecoin volumes challenging traditional payment giants like PayPal and Visa. Wall Street is now taking a keen interest in this transformation, specifically through the emergence of spot Bitcoin...
PYUSD’s 30-Day Surge of 72% Vaults Paypal’s Offering Into USD Stablecoin Top Ten
11.1.2024
Over the last month, the supply of Paypal’s PYUSD stablecoin has seen a substantial increase, surging by over 72% from 167.83 million to 289.43 million PYUSD. This significant growth has propelled the payment behemoth’s dollar-linked digital currency to become the tenth largest among...
Decentralized Platform Aave Wins Community Votes to Onboard PYUSD Stablecoin
11.1.2024
Source: AdobeStock / Sundry Photography Aave, a decentralized platform that allows users to borrow/lend crypto, might consider adding PayPal’s PYUSD stablecoins to its Ethereum pool. The platform proposed its plans to integrate PYUSD stablecoin in December, seeking community vote. The voting window...
Aave Community Votes To Integrate PayPal’s Stablecoin
11.1.2024
Majority of token holders favor onboard PYUSD in AAVE's Ethereum pool, the ongoing vote shows
Liquidity Pool Comprising PayPal’s PYUSD Stablecoin on Curve Locks $135 Million in Value
10.1.2024
Source: iQoncept/Adobe A liquidity pool comprising PayPal’s dollar-backed stablecoin PYUSD on Curve has locked $135 million in total value, an indication that the stablecoin is gaining traction in decentralized finance (DeFi). The new liquidity pool, known as the FRAXPYUSD pool, went live...
PayPal's Stablecoin Part of Third Largest Liquidity Pool on Curve
10.1.2024
Curve's FRAXPYUSD liquidity pool, which went live on Dec. 27, boasts the third largest TVL of $135 million
Paypal and First Digital Stablecoins Dominate in December as Binance USD Heads Toward Extinction
2.1.2024
The leading stablecoins, in terms of market capitalization, concluded 2023 with a combined value of around $131.69 billion, yet only two of the top ten experienced increases in 30-day supply. Data reveals that tether, the leading U.S. dollar-pegged crypto asset, observed a 2.5% uptick in...
Solana and Avalanche Take the 2023 Throne with 620% and 290% Price Growth + More News
27.12.2023
Source: AdobeStock / Vector Archive Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In this edition: 2023 Winners: Solana and Avalanche Take the Throne with 620% and 290% YTD Price Growth Waterfall Network...
Mt. Gox Appears to Have Started PayPal Repayments Tied to 2014 Bitcoin Hack
26.12.2023
Payments through bank accounts are still awaited
Mt. Gox Creditors Report Receiving Compensation Payments via PayPal in Japanese Yen
26.12.2023
Source: AdobeStock / 24K-Production Creditors of now-defunct crypto exchange Mt. Gox have reported receiving fiat repayments for their trapped Bitcoin on the social media platform Reddit. According to recent posts on the Reddit page r/mtgoxinsolvency, Mt. Gox has begun sending Japanese...
Coinbase Wallet Launches Global Money Transfers With Link-Based Payments
6.12.2023
Coinbase has unveiled a new feature to its wallet service, streamlining international fund transfers. This new update aims to make the transfer of funds as effortless as sending a text. Coinbase Unveils Link-Based Money Transfer Service Coinbase (Nasdaq: COIN) has launched its latest wallet feature...
Wallet of Satoshi vanishes from Apple and Google's US app stores
24.11.2023
Apple is facing the wrath of crypto users yet again as a popular Bitcoin Lightning wallet disappeared from its U.S.-facing App Store
Apple sued for blocking crypto tech for P2P payments
21.11.2023
Apple faces a class action over alleged anti-competitive conduct in the iOS peer-to-peer payments market
Deloitte & Paxos Share Insights on Stablecoins and Financial Innovation – Here’s What You Need to Know
8.11.2023
Deloitte. Source: Adobe / Tobias Arhelger Banks and large institutional players are looking for avenues into the stablecoin industry following PayPal’s latest crypto foray, according to Deloitte Principal and Partner Richard Rosenthal. In conversation with Paxos Head of Strategy Walter Hessert,...
US CFPB proposes supervising digital app providers, including crypto wallets
7.11.2023
The proposal would affect retail transactions carried out from crypto wallets, but not crypto trading
3 reasons why Ethereum price is underperforming altcoins
6.11.2023
Eth price trades at a key resistance level, but data highlights why the altcoin could struggle to hold $1,900
Sam Bankman-Fried convicted, PayPal faces SEC subpoena, and other news: Hodler’s Digest, Oct. 19 – Nov. 4
4.11.2023
Sam Bankman-Fried is found guilty of fraud, other crimes; PayPal receives subpoena from the U.S. SEC, and Invesco Galaxy’s spot Bitcoin ETF joins DTCC website
If PayPal's Stablecoin Is a Security, Anything Could Be
2.11.2023
Paypal Faces SEC Scrutiny Over New Stablecoin PYUSD, Cooperates With Document Production Request
2.11.2023
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 it had been asked to produce documents for the...