Ledger users can now buy crypto through the Ledger Live App using PayPal, with direct storage to their hardware wallet.

Ledger Adds PayPal as On-Ramp for Bitcoin, Ethereum Purchases

Hardware crypto wallet provider Ledger is launching a new on-ramp solution with PayPal. Owners of a Ledger Wallet can now use their PayPal accounts to acquire cryptocurrencies like&nbs...

1 year ago

The service was rolled out in March last year, in an effort to make traditional financial companies “crypto-ready.”

Binance to Shut Down Crypto Payments Service Amid Refocus On Core Products

Crypto exchange Binance to shut down its buy-and-sell service Binance Connect, formerly known as Bifinity, just one year after its launch, the company said in a statement. The ser...

1 year ago

Binance Labs

Binance Labs Fuels Helio Protocol's Liquid Staking Pivot with $10M Investment in LSDfi Expansion

Binance Labs, the venture arm of Binance, injected $10 million into Helio Protocol on August 11th. This investment supports Helio Protocol's ongoing shift towards becoming a liquid staking p...

1 year ago

Crypto Fraud Scheme Organizers Face Legal Action by CFTC in Florida, Louisiana, and Arkansas

The Commodity Futures Trading Commission (CFTC) has taken legal action against four individuals and their organization, Fundsz, for their involve...

1 year ago

Circle’s USDC stablecoin has dropped from $45 billion in circulation at the start of 2023 to just $26 billion as the summer winds down.

Circle preps $1B war chest to deal with market threats from PayPal and others

Stablecoin issuer Circle has a $1 billion cash reserve pegged as insurance against a declining market capitalization and fresh competition from the traditional finance and technology industries,...

1 year ago

The limitations set out in the Federal Reserve’s new Novel Activities Supervision Program provides additional measures to its original policy statement laid out in January.

US Fed steps up oversight of banks' involvement with crypto firms

The United States Federal Reserve is broadening the scope of its supervision program which oversees U.S. banks that engage with the cryptocurrency and blockchain industry. An Aug. 8&nb...

1 year ago

Proponents say PayPal’s PYUSD could see Ethereum become the money layer of the internet, while opponents argue that it’ll act like a poorly designed central bank digital currency.

PayPal USD: Boon for Ethereum but not decentralization, says community

PayPal’s new Ethereum-based stablecoin, PYUSD, has been seen as bittersweet news for the crypto community. While it could finally see Ethereum find its place in mainstream a...

1 year ago

Organized Blockchain Fraud Surges

UK Set To Expand Its National Crypto Crime Unit As Organized Blockchain Fraud Surges

The United Kingdom’s National Crime Agency (NCA) is set to increase its cryptocurrency fraud investigation unit as part of wider plans to halt the increase in financial crimes. T...

1 year ago

New stablecoin

PayPal launches dollar-backed stablecoin, boosting shares

Aug 7 (Reuters) - Payments giant PayPal (PYPL.O) said on Monday it has launched a U.S. dollar stablecoin, becoming the first major financial technology firm to embrace digital currenci...

1 year ago

Heartland Tri-State Bank of Elkhart was closed on July 29, with the Federal Deposit Insurance Corporation taking control.

Kansas Heartland Tri-State Bank closed by FDIC as banking crisis deepens

The ongoing crisis surrounding the United States banking system struck again as Heartland Tri-State Bank of Elkhart was closed on July 29 by the Kansas Office of the State Bank Commiss...

1 year ago