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Unpacking PayPal's Stablecoin Demand From Crypto Users

Global payments giant PayPal's (PYPL) new stablecoin has seen a "lack of demand from crypto users," according to a new report from The Block, citing data from blockchain analytics firm Nansen. "The Hash" panel discusses their outlook for PayPal USD (PYUSD) as the crypto winter drags on.

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Tech

Ang Protocol: Ang Viral Use Case ng Coinbase Blockchain ay Nakatuon sa Optimism's Tech

Ang linggo sa blockchain tech: Crypto-fueled social marketplace Friend.tech ay nagiging viral sa bagong Base blockchain ng Coinbase, layunin ng "Shibarium" network ng Shiba Inu na bagong simula, at ang mga eksperto sa Ethereum ay may kapansanan sa kompetisyon sa pagitan ng mga nangungunang teknolohiya para sa layer-2 na network.

Chart shows surge in buyers on Base's Friend.tech app after the project announced it had received an investment earlier this year from the crypto-focused venture capital firm Paradigm. (Messari/Dune)

Tech

Ang Protocol: KEEP na Naglulunsad ang Mga Blockchain, Mula Sei hanggang Shibarium

Ang linggo sa blockchain tech: Dalawang pinaka-hyped na network ang nag-debut, kahit na ang mga paglulunsad ay T masyadong maayos gaya ng inaasahan ng mga organizer. ALSO: Ano ang restaking? (Sagot: ito ang uso sa seguridad ng blockchain na T mo alam na kailangan mong malaman.)

Shiba Inu Doge dog (Getty Images)

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Bitcoin Slumps Below $28K; Genesis, FTX Strike Deal for $175M Bankruptcy Claim

“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as bitcoin (BTC) trades below $28,000. FTX’s Alameda Research strikes a deal with bankrupt crypto company Genesis, according to new court filings. Valkyrie Digital Assets is doubling down on ether futures products. And, a closer look at where is PayPal pressing pause on crypto transactions.

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Crypto Wallet Maker Ledger Partners With PayPal; Coinbase Gets Approval for Crypto Futures in U.S.

“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as Coinbase says it can list crypto futures in the U.S. Hardware wallet maker Ledger partners with payments giant PayPal to allow users to buy crypto with fiat currency through their PayPal accounts. And, BitGo is bucking the chill of crypto winter, with a $100 million raise.

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Hardware Wallet Maker Ledger to Let Users Buy Crypto Through PayPal Account

Crypto wallet provider Ledger is partnering with payments giant PayPal to allow users to buy crypto in its Ledger Live app with fiat currency through their PayPal accounts. Ledger Live currently offers four crypto currencies in the United States, including bitcoin (BTC), ether (ETH), bitcoin cash (BCH) and litecoin (LTC). "The Hash" panel weighs in on the partnership and the new Ledger Live integration.

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Pananalapi

Itigil ng PayPal ang Mga Pagbili ng Crypto sa UK Hanggang 2024

Sinabi ng kumpanya na ang pag-pause ay dahil sa paparating na mas mahigpit na panuntunan ng U.K. financial regulator, na kinabibilangan ng panuntunan sa paglalakbay upang labanan ang money laundering na nakatakdang magkabisa sa Setyembre 1.

PayPal's headquarters (Shutterstock)

Pananalapi

Crypto Wallet Provider Ledger na Hayaan ang Mga User na Bumili ng Bitcoin, Ether Sa pamamagitan ng PayPal Account

Ang mga user ng Ledger Live, ang feature ng kumpanya na nagbibigay-daan sa iyong bumili ng Crypto gamit ang fiat currency, ay magagawa na ngayong ikonekta ang kanilang PayPal account sa app.

Ledger Wallet (Amjith S/Unsplash)

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Bitcoin Price Steady Around $29.3K as SBF Goes Back to Jail

Bitcoin (BTC) is trading flat near the $29,300 level as investors react to the news that FTX founder Sam Bankman-Fried was sent to jail ahead of his October trial over attempts to tamper with witnesses. Ethena head of research & data Conor Ryder discusses the lack of price action in bitcoin and ether. Plus, insights on traders' interests in meme coins and a potential stablecoin race as fintech giant PayPal releases its dollar-pegged stablecoin PYUSD.

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FTX's Sam Bankman-Fried Heads to Court; SEC Extends Review of Cathie Wood's Spot Bitcoin ETF

“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as the SEC pushes its review of the Ark 21Shares bitcoin ETF application. Sources tell CoinDesk beleaguered crypto custodian Prime Trust could face layoffs. A new report reveals the potential impact of PayPal's stablecoin debut. And, FTX founder Sam Bankman-Fried heads to court, as a judge could decide if he should be sent back to jail ahead of his trial.

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