News Explorer — PayPal Seeks Utah-Chartered Industrial Bank Status

Generated by AI, curated by humans

Dec 16, 1:26 am

Decrypt

PayPal Seeks Utah-Chartered Industrial Bank Status

PayPal has applied to establish a Utah-chartered industrial bank to have more control over lending, deposits, and payments infrastructure for small businesses in the U.S. If approved, this move could help PayPal support its expanding crypto and stablecoin operations within a regulated banking framework.

PayPal has applied to establish a Utah-chartered industrial bank to have more control over lending, deposits, and payments infrastructure for small businesses in the U.S. If approved, this move could help PayPal support its expanding crypto and stablecoin operations within a regulated banking framework.

Latest

Feb 16, 3:01 pm

Decrypt

Crypto Lender Nexo Relaunches U.S. Services Following SEC Settlement

Nexo, after a $45 million settlement with the SEC in 2023, is relaunching its services in the U.S. through partnerships... Read Summary

Feb 16, 2:34 pm

Coindesk

Harvard University Cuts Bitcoin Exposure, Adds Ethereum

Harvard University's endowment invested in Ethereum through BlackRock's iShares Ethereum Trust, while reducing its expos... Read Summary

Feb 16, 2:22 pm

DL News

Standard Chartered Slashes XRP Forecast by 65%, Lowers Bitcoin, Ethereum, and Solana Predictions

Standard Chartered has reduced its XRP price forecast by 65%, revising it from $8 to $2.80 due to recent market challeng... Read Summary

Feb 16, 10:57 am

Decrypt

Animoca Brands Secures VASP License in Dubai

Animoca Brands has been granted a Virtual Asset Service Provider (VASP) license by Dubai's Virtual Assets Regulatory Aut... Read Summary

Feb 16, 9:08 am

Coindesk

Michael Saylor Says Strategy Can Cover Debt Even If Bitcoin Drops to $8,000

Strategy, with 714,644 BTC worth $49.3 billion, can handle a Bitcoin price drop to $8,000 and cover its $6 billion debt.... Read Summary

Feb 16, 4:24 am

Decrypt

Rising Leverage in Bitcoin Flags Potential for Short-Term Bounce

Leverage in the crypto market is increasing as Bitcoin remains stagnant, with traders hoping for a breakout rally. Retai... Read Summary

Feb 15, 8:01 pm

Decrypt

OpenClaw AI Garners Interest From Meta and OpenAI

OpenClaw, the AI assistant created by Peter Steinberger, attracted acquisition offers from Meta and OpenAI. Despite faci... Read Summary

Feb 15, 6:01 pm

Decrypt

Woman Uses Crypto to Navigate Financial Challenges During Divorce

Karin, a victim of financial abuse, faced challenges depositing cash due to anti-money laundering laws and lack of accou... Read Summary

Feb 15, 4:17 pm

Decrypt

Bitcoin Developers Address Quantum Computer Risks, Enhance Security Measures

BIP 360, merging into the Bitcoin Improvement Proposals GitHub repository, introduces Pay-to-Merkle-Root to address quan... Read Summary

Feb 13, 8:29 pm

Decrypt

Treasury Secretary Bessent Advocates for Clarity Act Passage to Calm Crypto Markets

Bitcoin and Ethereum have experienced significant drops from their previous all-time highs, with Bitcoin falling over 29... Read Summary

Feb 13, 7:25 pm

Coindesk

Digital Chamber Advocates for Stablecoin Rewards, While Banks Oppose Them in the Senate Bill

The impasse over stablecoin yields in the U.S. Senate's crypto market structure bill continues, with the Digital Chamber... Read Summary

Feb 13, 7:00 pm

Decrypt

Bitcoin Rises to $69K, But Charts Suggest More Bad News Ahead: Analysis

The crypto market is experiencing extreme fear with the Fear and Greed Index at 8 points, just above the all-time low. D... Read Summary

Feb 13, 6:12 pm

Decrypt

Home Invasion Targeting Binance France CEO Goes Awry, 3 Arrested: Report

Three criminals attempted to rob Binance France's CEO, taking only two cell phones before being arrested. The executive, David Prinçay, was not home during the intrusion. Read Summary

Feb 13, 5:50 pm

Decrypt

Wallet Linked to $200 Million Mixin Network Hack Starts Moving Funds

A wallet linked to the 2023 Mixin hack moved $3.85 million to a new wallet, which then sent the funds to coin mixer Torn... Read Summary

Feb 13, 5:45 pm

Decrypt

Bernstein Analysts Believe Coinbase's Stock Is Undervalued and Could Potentially Surge 163% As the Market Recovers

Despite Coinbase's fourth-quarter earnings falling short of expectations, Bernstein analysts maintain an "outperform" ra... Read Summary