In an interview with TIME magazine, PayPal’s CEO Dan Schulman detailed the payment processor’s expansion into crypto as a service and what the company has in store for the future. Schulman predicted that a greater transformation of e-commerce will emerge with purchases driven by social media platforms. Bitcoin could spearhead the change and take it… Read More
Tag: crypto
Paypal Launches Crypto Payment Option In The U.S.
Paypal has announced that it has started allowing U.S. consumers to use their cryptocurrency holdings to pay at millions of its online merchants. Last year, Paypal added the ability to buy, hold and sell cryptocurrency, while pledging during Q1 of this year to enable select cryptocurrencies as a payment method across its 20 million-plus online… Read More
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Goldman Sachs Said To Be Exploring Crypto Custody Service
An inside source told Coindesk that Goldman Sachs is planning to enter the cryptocurrency market as a custody for investors to hold crypto. Goldman Sachs has issued a request for information (RFI) to explore becoming a digital asset custody, according to a source inside the bank who spoke to Coindesk. Goldman Sachs is reportedly planning… Read More
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SkyBridge Capital Buys $25 Million of Bitcoin Launches Fund
Anthony Scaramucci’s hedge fund SkyBridge Capital has bought and invested $25 million worth of Bitcoin. The fund has started trading and shall open to the public early next month. Scaramucci said his interview with Michael Saylor influenced his decision to buy $25 million BTC. CNBC first broke the news announcing that the New York-based hedge… Read More
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Kylin Network + PlasmaPay Partnership Announcement
Kylin Network is proud to announce a partnership with PlasmaPay, which is actively building decentralized financial services and infrastructure for the global digital economy. In-kind, Kylin is building the data infrastructural components to power this new global digital economy by providing a context for validate and decentralized data feeds. Above and beyond oracle services with… Read More
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Mass Mutual Insurance Company Invests $100 Million Into Bitcoin
Mass Mutual an insurance giant, has entered into the Bitcoin market as a means for a “measured yet meaningful exposure to a growing economic aspect of our increasingly digital world.” The Massachusetts-based insurance firm has announced that it has purchased $100 million in Bitcoin for its general investment account. Mass Mutual oversees insurance accounts up… Read More
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Square Invests $10 Million Towards A Cleaner Bitcoin Ecosystem
Square wants a cleaner energy consumption for Bitcoin to counteract the narrative that Bitcoin is wasteful on power causing pollution. Payments company Square has launched a Bitcoin Clean Energy Investment Initiative. The company which funds many companies within the cryptocurrency space is committing $10 million to support businesses that drive renewable energy within the Bitcoin… Read More
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Bitsquad AMAs: DEXKIT
Today, the Bitsquad hosted an AMA (ask me anything) with Dexkit’s lead developer João Campos and his team. We also gave away $200 in ETH and 5,000 BITT tokens. to some lucky winners. If you missed the AMA but want to recap what questions were asked by Catoshi Nakamoto and the responses of the team,… Read More
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FBI Arrest Leader Of Large $35 Million Ponzi Who Tried To Escape On A Sea Scooter
An alleged leader of a crypto Ponzi scheme that managed to garner $35 million for false crypto mining and other investments tried to escape the FBI on a “sea scooter” underwater. Matthew Piercey is accused of being the mastermind behind two fraudulent firms, Family Wealth Legacy LLC and Zolla Financial LLC. It’s claimed that Piercey… Read More
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Deutsche Bank: Digital Central Bank Currencies Will Permanently Replace Fiat Due To Pandemic
In a report titled “Konzept #19 – What We Must Do to Rebuild” published this week, Deutsche Bank Research listed economic evaluations and proposals to aid global economies affected by the COVID-19 pandemic declaring that CBDCs would soon permanently replace cash. Citing that “cash has come under much scrutiny during the pandemic” due to concerns… Read More
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