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PayPal Says NFT Purchases No Longer Backed By Its Protection Program
17.4.2024
Payments giant PayPal plans to remove non-fungible token (NFT) purchases from its purchase protection program from May 20.
The post PayPal Says NFT Purchases No Longer Backed By Its Protection Program appeared first on Cryptonews
PayPal USD Circulation Drops by 39% to $188.5 Million in March: Paxos
8.4.2024
According to Paxos' most recent transparency report on PayPal USD, the circulation of PYUSD in March totaled $188.5 million, marking a 39% decrease compared to the previous month.
The post PayPal USD Circulation Drops by 39% to $188.5 Million in March: Paxos appeared first on Cryptonews
PayPal Enables No-Fee Cross-Border Transfer Using Native Stablecoin PYUSD
5.4.2024
PayPal's feature enables users to convert PYUSD stablecoin to USD and use it to send money to recipients in 160 countries globally.
The post PayPal Enables No-Fee Cross-Border Transfer Using Native Stablecoin PYUSD appeared first on Cryptonews
Paypal Integrates PYUSD for International Transfers on Xoom
4.4.2024
On Thursday, Paypal disclosed that users of Xoom now have the capability to utilize the company’s stablecoin PYUSD for conducting international cross-border transactions. Beginning on April 4, this feature was made accessible to users in the U.S., enabling them to transfer PYUSD...
Despite Crypto Uptick, Paypal’s PYUSD Stays Quiet in the Top Ten Stablecoin Race
11.3.2024
In the last day, the global trading volume has hit $203 billion, with stablecoins accounting for an impressive $133 billion of that total. Among the array of stablecoin assets tied to the U.S. dollar, Paypal’s PYUSD has emerged as a top ten player. Yet, despite the ongoing cryptocurrency...
Ether-Based Crypto Dollar Issuer Ethena Raises $14M, Opens Access to Public
16.2.2024
Ethena's USDe "synthetic dollar" is independent from the traditional financial system and aims to offer a dollar-denominated, yield-bearing savings vehicle for investors outside of the U.S
Liquidity Pool Comprising PayPal’s PYUSD Stablecoin on Curve Locks $135 Million in Value
10.1.2024
Source: iQoncept/Adobe A liquidity pool comprising PayPal’s dollar-backed stablecoin PYUSD on Curve has locked $135 million in total value, an indication that the stablecoin is gaining traction in decentralized finance (DeFi). The new liquidity pool, known as the FRAXPYUSD pool, went live...
PayPal's Stablecoin Part of Third Largest Liquidity Pool on Curve
10.1.2024
Curve's FRAXPYUSD liquidity pool, which went live on Dec. 27, boasts the third largest TVL of $135 million
Coinbase Wallet Launches Global Money Transfers With Link-Based Payments
6.12.2023
Coinbase has unveiled a new feature to its wallet service, streamlining international fund transfers. This new update aims to make the transfer of funds as effortless as sending a text. Coinbase Unveils Link-Based Money Transfer Service Coinbase (Nasdaq: COIN) has launched its latest wallet feature...
Wallet of Satoshi vanishes from Apple and Google's US app stores
24.11.2023
Apple is facing the wrath of crypto users yet again as a popular Bitcoin Lightning wallet disappeared from its U.S.-facing App Store
Apple sued for blocking crypto tech for P2P payments
21.11.2023
Apple faces a class action over alleged anti-competitive conduct in the iOS peer-to-peer payments market
US CFPB proposes supervising digital app providers, including crypto wallets
7.11.2023
The proposal would affect retail transactions carried out from crypto wallets, but not crypto trading
3 reasons why Ethereum price is underperforming altcoins
6.11.2023
Eth price trades at a key resistance level, but data highlights why the altcoin could struggle to hold $1,900
If PayPal's Stablecoin Is a Security, Anything Could Be
2.11.2023
Paypal Faces SEC Scrutiny Over New Stablecoin PYUSD, Cooperates With Document Production Request
2.11.2023
After releasing its new stablecoin PYUSD, the payments giant Paypal disclosed that the U.S. Securities and Exchange Commission (SEC) subpoenaed the company concerning the stablecoin. Paypal stated in its Form 10-Q for the third fiscal quarter that it had been asked to produce documents for the...
PayPal Faces Regulatory Scrutiny as SEC Subpoenas PYUSD Stablecoin
2.11.2023
The United States Securities and Exchange Commission (SEC) has issued a subpoena to global payment giant, PayPal over its newly launched stablecoin, PYUSD. On Nov 2, PayPal Holdings announced that it received a subpoena from the enforcement arm of the SEC tied to its U.S. dollar stablecoin...
PayPal Faces SEC Subpoena Over Its PYUSD Stablecoin
2.11.2023
Global payments giant PayPal (PYPL) received a subpoena from the U.S. SEC requesting documentation about its USD stablecoin on Wednesday
PayPal faces SEC action related to PYUSD stablecoin: Report
2.11.2023
PayPal was the first significant fintech firm to adopt digital currencies for payments and transfers after launching its stablecoin in August
Paypal Achieves FCA Registration in the UK, Paving the Way for Crypto Services Resumption in 2024
2.11.2023
The payments giant Paypal has successfully achieved registration with the Financial Conduct Authority (FCA) in the United Kingdom, a fact verified by the FCA’s website on October 31. This move comes shortly after Paypal’s temporary cessation of crypto purchases within the U.K., although the company...
PayPal Receives UK’s FCA Approval to Offer Crypto Services to UK Nationals
1.11.2023
Payments giant PayPal has become the latest to secure a cryptoasset registration from the UK’s Financial Conduct Authority (FCA). According to the update on the FCA’s crypto register, the regulator issued registration to PayPal UK Limited on 31 October. The registration would allow...