PayPal hit with SEC subpoena over new PYUSD stablecoin
On November 1, PayPal issued its Q3 earnings report, and in a separate filing, the company revealed that it received a subpoena from the U.S. SEC relating to PayPal USD stablecoin.
Latest PayPal News
PayPal receives digital asset green light in the UK
After pausing some digital asset services in August, PayPal has now joined 42 other companies registered by the FCA to offer ‘crypto’ services in the United Kingdom.
PayPal explores NFTs with new marketplace patent after launching stablecoins
PayPal eyes NFTs with new patent, hinting at Ethereum integration, fractional ownership, and potential royalties.
PayPal, Paxos launch new stablecoin just as Fed Reserve tightens oversight
PYUSD is being pitched as good for sending person-to-person payments, transferring to external wallets or funding purchases and users can convert PYUSD to other PayPal-supported digital assets.
Paxos ordered to cut ties with Binance, will stop minting BUSD stablecoin
Citing "unresolved issues" tied to its relationship with Binance, the NYDFS ordered Paxos to halt the minting of BUSD while users have until February 2024 to redeem their stablecoins.
Barry Silbert was bullish on Bitcoin BSV—even in 2014
Barry Silbert was bullish on bitcoin in 2014; however, in 2017-2022, he turned to a multi-chain and speculation/trading-based investment strat, leading to one of the major bankruptcies of this bear market.
Inspired by WeChat, Elon Musk wants to make Twitter the ‘everything app’
Elon Musk unveiled his plans to hit revenue goals for Twitter, involving diving into payments, competing with TikTok on videos, and the $8 Twitter Blue subscriptions.
Western Union files trademark applications as it seeks to foray into digital asset sector
Western Union appears to be preparing to enter the digital asset sector by filing three trademark applications, joining competitors Mastercard, Visa, and PayPal.
Despite walk back, PayPal’s latest attempted overreach of power again demonstrates why the world needs Bitcoin
PayPal, an online payments processor and financial services company, set off a media storm on Saturday when it published its acceptable use policy (AUP) update.
Colorado now accepts digital asset payments for taxes
Gov. Jared Polis made good on his promise earlier this year, announcing on September 19 that Colorado residents can now use PayPal’s digital asset service to pay taxes.
85% of US retailers expect digital currency payments to be ubiquitous in 5 years: Deloitte
Majority of the polled retailers, spanning electronics, fashion, digital goods, as well as food and beverage sectors, are eyeing digital currency payments within 24 months.
PayPal enables Bitcoin and altcoin withdrawals—what’s the agenda?
PayPal is known for taking things slow, and for now, it will only allow U.S. users to withdraw digital currencies to external wallets. Similar to what they did when it listed the coins for trading.