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PortuguêsPaypal’s cryptocurrency services are coming to the United Kingdom, as the digital payments giant is now targeting non-U.S. countries. Buy, sell and hold digital asset products could be available for…
Continue ReadingResidents of the United Kingdom will be the first people outside of the U.S. who are able to use PayPal for buying and selling crypto. According to journalist Carl Quintanilla,…
Continue ReadingPayPal could be to central bank digital currencies (CBDCs) what private banks are to physical dollars. The company’s CEO, Dan Schulman, laid out a vision during its investor day on…
Continue ReadingPayPal’s buy, sell and hold crypto products are coming to the United Kingdom in a few months, the company announced during its investor day Thursday. Its launch of crypto as…
Continue ReadingEven though Tesla has made its way into the crypto market recently, it generated an immense amount of publicity surrounding the announcement. On Feb. 8, the car manufacturer caught the…
Continue ReadingMasterCard has announced plans to support cryptocurrencies in 2021, paving the way for its nearly one billion users to spend digital assets at more than 30 million merchants. The firm…
Continue ReadingMad Money host Jim Cramer has applauded Elon Musk and Tesla for their bitcoin investment. He said that Tesla, Paypal, and Mastercard are pushing bitcoin more into the mainstream. He…
Continue ReadingPaypal is launching a new business unit dedicated to cryptocurrency services, the company chief executive officer Daniel Schulman announced this week. In an earnings call on February 3, 2021, Schulman…
Continue ReadingCentralized payment companies such as Visa, Mastercard and PayPal will need to adapt if they are to survive the potential demand for blockchain-based stablecoin payments, according to research firm Gartner.…
Continue ReadingInsights from PayPal’s first quarterly earnings report since launching crypto services. This episode is sponsored by Nexo.io. Download this episode Today on the Brief: Elon Musk back to DOGE trolling…
Continue ReadingAfter a limited buy/sell/hold crypto trading launch that “exceeded expectations,” PayPal CEO Dan Schulman said on the company’s Q4 earnings call today that the payments giant is ready to double down…
Continue ReadingIn the final quarter of 2020, PayPal gained 16 million in net new active accounts and handled $277 billion in total payment volume. Notably, PayPal’s spending in technology increased year-over-year…
Continue ReadingMizuho Securities analyst Don Dolev has forecast that Paypal will earn up to $2 billion in revenue from its bitcoin business by 2023. This year, he expects that the payment…
Continue ReadingGlobal payments provider PayPal has doubled its previous crypto volume record, with $242 million worth of digital assets changing hands on the platform during Jan. 11. According to crypto market…
Continue ReadingWhen the Securities and Exchange Commission gave its blessing to social media platform IMVU to launch VCOIN, it was a major leap forward for acceptable scope of crypto applications. The…
Continue ReadingUnited States regulators are continuing to fine-tune their tax reporting requirements for cryptocurrency users. A second draft of Form 1040 from the Internal Revenue Service for the 2020 tax season…
Continue ReadingRetail buying through PayPal is likely helping push bitcoin’s price higher while traders are hoping to get into an ether options market with potential volatility similar to March 2020. Bitcoin…
Continue ReadingBitcoin’s record-breaking start to the new year continued on January 5 after the top crypto set another new all-time high (ATH) of $35,879. Based on this new milestone, the top…
Continue ReadingThe COVID-19 pandemic dominated the news in 2020, affecting myriad sectors — health, economics, social justice, politics and trade, as well as the cryptocurrency and blockchain industry. As country after…
Continue ReadingEnterprise blockchain started gaining traction in 2017 shortly after Bitcoin had reached its all-time high of nearly $20,000. Since then, enterprise blockchain has mainly been defined by private blockchain networks…
Continue ReadingThe leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent…
Continue ReadingPaxos has raised a fresh $142 million to facilitate the mainstream adoption of digital assets. “We think that opportunity is now, our investors think it is too,” Paxos co-founder and…
Continue ReadingBitcoin’s (BTC) recent volatile price corrections might conjure up images of the 2017 crash in your mind, or maybe even the crash caused by COVID-19 back in March of this…
Continue ReadingPayPal’s stock reached record highs on Monday, capping off a strong period of outperformance relative to the Nasdaq and broader U.S. stock market. Since Nov. 12, the technology-focused Nasdaq has…
Continue ReadingDuring the first week of September, the world’s largest adult web portal Pornhub expanded its payment options by adding bitcoin and support for three other cryptocurrencies. However, after Mastercard and…
Continue ReadingThe leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent…
Continue ReadingHumans, being only human, tend to hang on to their cherished beliefs — even in the face of overwhelming contradiction. That’s why recantations — that is, public acts of refuting…
Continue ReadingStablecoin creator and crypto services provider Paxos filed an application to open a national bank on Wednesday. If approved, the pioneering Paxos General Trust will be headquartered in New York,…
Continue Reading“Regulatory stack as a service” is boring as hell until PayPal comes along. That’s when the radical potential of being the cryptocurrency back-end for the biggest names in tech starts…
Continue ReadingShapeshift CEO Erik Voorhees has drawn a metaphorical line in the financial sand, stating that every asset manager should understand Bitcoin now based on its astonishing rate of return. Voorhees…
Continue ReadingAt least 65% of people who use the Paypal app to trade bitcoin are prepared to start using the top cryptocurrency to pay for goods and services at the 28…
Continue ReadingBlackrock CEO Larry Fink says Bitcoin (BTC) is on his company’s radar following the cryptocurrency’s rapid appreciation over the past few months. Speaking at the Council on Foreign Relations Tuesday…
Continue ReadingThere is no other way for the cryptocurrency industry to thrive without working hand in hand with regulators, PayPal CEO Dan Schulman believes. On Dec. 2, Schulman joined the Web…
Continue ReadingPayPal CEO and President Dan Schulman took to the stage on the first day of the major Web Summit event on Wednesday, telling the estimated 100,000 attendees that, for cryptocurrency,…
Continue ReadingU.K.-based cryptocurrency app Ziglu has raised over $8 million in a crowdfunding campaign, the largest equity raise on the Seedrs platform this year. The support from some 1,250 investors brings…
Continue ReadingAn identity management provider backed by PayPal, Foxconn and others has been acquired by Nevada-based holding company Blockchains LLC. Cambridge Blockchain principals Matthew Commons, Alex Oberhauser, Muthu Arumugam and the…
Continue ReadingWith bitcoin’s price hitting a new all-time high on Monday, retail investors will inevitably want to get in on the original crypto asset. That said, for first-time buyers and seasoned…
Continue ReadingA PayPal user reports their account has been restricted after they traded crypto too frequently using the platform. According to U.S.-based Reddit user TheCoolDoc, PayPal sent them a message stating…
Continue ReadingWhen demand from these two sources alone exceeds the entire supply of newly minted bitcoins, expect serious supply pressure to follow. Our main discussion: a narrative shift, growing attention and…
Continue ReadingPayPal’s chief executive believes cryptocurrencies are on the verge of mainstream adoption as more businesses and consumers flock to “digital payments and digital forms of currency.” In an interview with…
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