What We Learned About PayPal’s Crypto Strategy This Week

Jun 5, 2020 at 13:00 UTCUpdated Jun 5, 2020 at 13:01 UTCNew York (credit: Shutterstock/jamse photographe)New York, French Finance Watchdogs Open Doors for Each Other’s Fintech StartupsThe New York State Department of Financial Services (NYDFS) and its French regulatory counterpart will work to “ease the entry” for fintech innovators into their respective markets. An agreement…

Users should not make transactions during this time.Jan 20, 2021 at 2:27 p.m. UTCUpdated Jan 20, 2021 at 2:42 p.m. UTCPrivacy Coin Firo Currently Experiencing 51% AttackFiro (formerly known as Zcoin) has announced that it is currently experiencing a 51% attack. In a tweet, the Firo account said that it would recommend that users not make…

Bitcoin rose to $61,000 Friday as traders eagerly anticipate approval of a bitcoin exchange-traded fund (ETF) in the U.S. Enthusiasm for such an approval contributed to a near 6% jump in BTC’s price over the past 24 hours.The U.S. Securities and Exchange Commission (SEC) is reviewing around 40 bitcoin ETF product filings and has multiple…

news Online retailer Overstock.com announced it will pay shareholder dividends in its affiliate company’s digital security. The move, approved by the company’s board of directors, will see that one digital voting series A-1 preferred stock (series A-1) will represent 10 shares of common stock, or 10 shares of voting series B preferred stock, according to…

Stephen Alpher is CoinDesk's co-regional news chief, Americas. He holds BTC above CoinDesk’s disclosure threshold of $1,000.The annual U.S. inflation rate slowed to 4.9% in April from 5.0% in March and versus economist forecasts for 5.0%, according to the Bureau of Labor Statistics' (BLS) Consumer Price Index (CPI) report Wednesday morning.The price of bitcoin (BTC)…

Dec 12, 2019 at 14:05 UTCUpdated Dec 12, 2019 at 13:34 UTCEquilibrium’s Stablecoin Now Has $17.5M in Insurance That Pays Out AutomaticallyStablecoin issuer Equilibrium has self-funded a $17.5 million insurance policy for its EOSDT token.According to CEO Alex Melikhov, Equilibrium’s EOSDT is now backed by smart contracts that pay out consumers if the dollar-pegged token…

LayerZero's ZRO token airdrop requires recipients to donate 10 cents worth of ether (ETH) or a stablecoin for each token they wish to claim.This "proof-of-donation" mechanism is a unique approach in the crypto community, where donations are usually voluntary, and has received mixed reactions from users.LayerZero’s newly introduced ZRO token, which will go live on

Canaccord raised its Iris Energy share-price target to $15 from $12. The bitcoin miner has ample power supplies and high-performance computing options, the report said. Iris can monetize the infrastructure it is building for bitcoin mining, cloud computing and AI colocation, the broker said. Iris Energy (IREN) is positioned to become the most efficient and

The Wall Street brain trust behind the U.S. Treasury Department's debt management took a close look at tokenization and found a lot to like. The advisory committee also examined stablecoins and argued that a token such as Tether's USDT could pose a significant run risk. The committee produced a report, which also suggested that stablecoins