USD
PayPal Exploring Creating Its Own Stablecoin as Crypto Business Grows
PayPal is looking into launching its own stablecoin as the company grows its crypto business. Hidden code in its iPhone app shows a potential “PayPal Coin” would be backed by the U.S. dollar. “The Hash” panel discusses Paypal’s latest crypto efforts, potentially bringing mainstream blockchain awareness.
Peter Thiel Says Bitcoin Could Be a Chinese ‘Financial Weapon’
During an appearance at a virtual roundtable yesterday, billionaire investor and self-described “bitcoin maximalist” Peter Thiel suggested that China could use bitcoin as a “financial weapon” to undermine the value of the U.S. dollar. “The Hash” panel debates whether Thiel’s comments are something the crypto space should take seriously.
Nasdaq-Listed MicroStrategy, Wary of Looming Dollar Inflation, Turns to Bitcoin and Gold
“If you have large dollar values and you're hoping for any kind of return on them, that's faded,” said CEO Michael Saylor. “Gold, silver and bitcoin are showing strength.”
Profit-Taking Keeps Bitcoin in Tight Range as Fed Reopens Spigot
Bitcoin and ether fell slightly Thursday as traditional markets climbed on additional stimulus measures by the U.S. Federal Reserve and Bank of England.
