PayPal

PayPal (PYPL) said in a filing that the company received a subpoena from the U.S. Securities and Exchange Commission (SEC) requesting documentation about its USD stablecoin. Tactive Wealth Advisor Eddy Gifford weighs in on what the subpoena could mean for the global payments giant. "It's just the SEC poking and prodding around," Gifford said. But it serves as a reminder that "if you are in the cryptocurrency space, you better be doing things by the book."

2 Kas 2023

PayPal (PYPL) received a subpoena from the U.S. SEC requesting documentation about its USD stablecoin on Wednesday, the global payments giant said in a filing. In August, the firm announced it was entering the cryptocurrency market with the U.S. dollar-pegged stablecoin, PayPal USD.

2 Kas 2023

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.

28 Ağu 2023

“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.

17 Ağu 2023

“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.

16 Ağu 2023

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.

16 Ağu 2023

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.

14 Ağu 2023

“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.

11 Ağu 2023

The launch of PayPal’s (PYPL) stablecoin PayPal USD (PYUSD) will drive payments efficiencies and an improved customer experience, but adoption of the cryptocurrency is unlikely to be significant in the near term, Bank of America said in a research report on Thursday. "The Hash" panel discusses the outlook for PYUSD and why this is a project to watch.

11 Ağu 2023

Could smart tokens offer a gateway for companies to create new digital ownership opportunities? Smart Token Labs Chief Strategy Officer Mathew Sweezey breaks down the opportunities of smart tokens, explaining why they could be the "key" to "create these next-era digital primitives" and also enable a "radical new digital experience." Plus, reactions to PayPal's dollar-backed stablecoin launch.

11 Ağu 2023