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

Dec 17, 8:00 pm

Forbes

Caroline Pham Leaves CFTC to Join Crypto Company MoonPay

Caroline Pham, the acting chair of the Commodity Futures Trading Commission, will join MoonPay as chief legal and administrative officer after her successor, Mike Selig, was confirmed.... Read Summary

Dec 17, 5:48 pm

Decrypt

Senators Propose Task Force to Combat Crypto Scams and Protect Investors

The bipartisan SAFE Crypto Act, introduced by Senators Elissa Slotkin and Jerry Moran, aims to establish a federal taskf... Read Summary

Dec 17, 4:22 pm

Decrypt

DTCC to Issue Tokenized Securities on Canton Network, Starting With US Treasuries

The Depository Trust & Clearing Corporation plans to issue tokenized securities on Canton Network, starting with U.S. Tr... Read Summary

Dec 17, 4:11 pm

Decrypt

Singapore Entrepreneur Loses Crypto Holdings to Malware Dressed Up as a Game

Mark Koh, a Singapore-based entrepreneur, lost all of his crypto holdings to malware disguised as a game-testing scam. D... Read Summary

Dec 17, 3:52 pm

Decrypt

Bitcoin Miner Hut 8 Signs $7 Billion AI Deal With Google Backing

Hut8's shares are surging following a $7 billion deal with Fluidstack, backed by Google, to power high-performance compu... Read Summary

Dec 17, 3:28 pm

Decrypt

Central African Republic's Crypto Initiatives Criticized for Benefiting Foreign Investors Over Citizens

The Global Initiative Against Transnational Organized Crime warns that the Central African Republic's cryptocurrency ini... Read Summary

Dec 17, 2:56 pm

DL News

Bitcoin Mining Ban in Siberia Expanded Indefinitely to Address Power Shortages

A ban on crypto mining in Southern Siberia is set to be expanded indefinitely starting January 1, 2026, due to power sho... Read Summary

Dec 17, 1:29 pm

Protos

Caroline Ellison Released From Prison After Serving 11 Months Over FTX Collapse

Former Alameda Research co-CEO Caroline Ellison has been released from federal prison after serving 11 months of her two... Read Summary

Dec 17, 2:54 pm

Decrypt

Gavin Newsom Targets CZ, Ross Ulbrict and Arthur Hayes as Trump's 'Criminal Cronies'

Governor Newsom has launched a website tracking Trump's "criminal cronies," including prominent crypto figures who recei... Read Summary

Dec 17, 2:25 pm

Decrypt

Bitcoin Price Drop Is Linked to the Bank of Japan's Potential Interest Rate Hike

Bitcoin's price is down 30% from its peak, currently at $87,800, as the Bank of Japan hints at raising interest rates. This move could impact global liquidity and risk assets, including Bitcoin. Read Summary

Dec 17, 1:53 pm

Decrypt

Visa and FDIC Advance Stablecoin Integration Into US Financial System, Signaling Mainstream Adoption

Visa expands its USDC settlement program to U.S. banks, allowing them to settle obligations using Circle’s USDC on Solan... Read Summary

Dec 17, 12:31 pm

DL News

Aave DAO Considers Transferring Brand Assets to Token Holders for Decentralization in DeFi

A proposal to transfer control of Aave's brand assets to its token holders is gaining traction, sparking intense debate... Read Summary

Dec 17, 12:52 pm

Coindesk

Securitize Platform Will Provide Direct Ownership of Tokenized Public Stocks With Real Shareholder Rights

Securitize plans to launch the first fully compliant onchain trading platform for real public stocks in early 2026, offe... Read Summary

Dec 17, 12:09 pm

Decrypt

Tokenization Bill in India Aims to Democratize Asset Ownership and Attract Global Capital Flows

MP Raghav Chadha proposed a Tokenization Bill in India's Parliament to enable fractional ownership of real estate and in... Read Summary

Dec 17, 10:51 am

Decrypt

Traders Are Monitoring Quarterly Bitcoin “Witching Friday” for Potential Volatility

Bitcoin traders are analyzing the potential impact of the U.S. stock market's quarterly “Witching Friday” on risk appeti... Read Summary