PayPal
PayPal's Stablecoin Splash; Sam Bankman-Fried Still on the Hook for Campaign Finance-Related Charge
“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, including what stablecoin players think of fintech giant PayPal launching its own PYUSD token. Bitcoin bulls Cathie Wood and Mike Novogratz, both vocalized their optimism over a spot Bitcoin ETF approval in the U.S.. And, the Department of Justice still plans to argue that FTX founder Sam Bankman-Fried conducted an "illegal campaign finance" scheme when he goes to trial in October.
Will PayPal’s Stablecoin Shake Up Crypto Legislation Talks in Washington?
For some U.S. financial regulators, the ghost of Libra — the then-Facebook effort to establish a mass-appeal stablecoin — will forever haunt the debate over regulating stablecoins. "The Hash" panel discusses the parallels between Libra and fintech giant PayPal's newly launched PayPal USD (PYUSD). Plus, a closer look at how lawmakers are reacting to PayPal's dollar-pegged stablecoin debut.
Scammers Attempt to Capitalize on PayPal's New Stablecoin
Over 66 fake PayPal USD (PYUSD) tokens have popped up on various networks, as scammers attempt to defraud unsuspecting users, capitalizing on PayPal’s (PYPL) recent launch of its own dollar-pegged stablecoin. "The Hash" weighs in on the latest developments.
DeFi Outlook Is 'Mixed' in Wake of Curve Finance Exploit: Arca Head of Research
Arca head of research Katie Talati discusses her crypto markets analysis as bitcoin (BTC) continues to trade sideways and appears to brush off PayPal's dollar-backed stablecoin launch. Plus, what to make of the recent Curve Finance exploit and the outlook for DeFi.
Paxos Has Other 'White Label Stablecoin Opportunities' in the Works, Head of Strategy Says
PayPal USD is the first regulated stablecoin from a global payments company. The Ethereum-based token will be available to PayPal users in the U.S. and is being issued by Paxos Trust Company. Paxos head of strategy Walter Hessert discusses teaming up with PayPal and notes the firm has "other white label stablecoin opportunities in the works."
PayPal's Stablecoin Launch Is a 'Seminal Moment' for the Industry: Paxos Head of Strategy
Global payments giant PayPal is launching its own U.S. dollar-pegged stablecoin, PayPal USD (PYUSD). The Ethereum-based token will be available to PayPal users in the U.S. and is being issued by Paxos Trust Company. Paxos Head of Strategy Walter Hessert discusses the partnership, the use cases of stablecoins, and the state of U.S. regulatory oversight for the crypto sector.
PayPal Enters the Crypto Conversation with New Stablecoin; Worldcoin Faces More Scrutiny
“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as the electronic payments giant PayPal ventures into digital assets with the announcement of a U.S. dollar-pegged stablecoin called PayPal USD. Sino Global Capital files a multimillion dollar claim against FTX. And, Worldcoin’s Nairobi warehouse was reportedly raided as Kenya's Ministry of the Interior suspends the project from operating in the country.
PayPal Is Launching Its Own U.S. Dollar-Pegged Stablecoin
PayPal (PYPL) announced the global payments giant is issuing its own U.S. dollar-pegged stablecoin. The Ethereum-based token will soon be available to PayPal U.s. users and is the first time a major financial company is issuing its own stablecoin. "The Hash" panel weighs in on PayPal's latest move into the realm of crypto.
PayPal to Enable On-Chain Transfers From Venmo Accounts, Including to On-Chain Wallets
Jose Fernandez da Ponte, PayPal's SVP and General Manager, discusses at Consensus 2023 the platform's new functionality on Venmo and why the feature, slated for May, will give users the ability buy and send crypto to other wallet users via the Venmo app.
PayPal Held $604M in Crypto For Its Customers as of Year-End 2022
PayPal (PYPL) held a total of $604 million of bitcoin (BTC), ether (ETH), litecoin (LTC) and bitcoin cash (BCH) for its customers as of Dec. 31, according to its annual report to the U.S. Securities and Exchange Commission (SEC). The payments company has been allowing customers to buy and sell crypto since October 2020, though it has only recently begun to disclose specific holdings of different coins in its SEC filings. "The Hash" panel discusses what this means for PayPal's crypto ambitions.
