What happened to Custodia Bank is “tragic” under current administration’s efforts to de-bank crypto industry, BCB’s Oliver von Landsberg-Sadie said.
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Author: Aoyon Ashraf
The feature will become available in May, PayPal’s Jose Fernandez da Ponte said on a panel at Consensus.
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Author: Helene Braun
Nearly a year after PayPal allowed users to transfer crypto between its platform and other wallets, the company is now rolling out a similar feature for its more than 60 million Venmo customers located in the United States.
“Customers will also be able to transfer to a PayPal account and to external wallets and exchanges,” the company said in a statement. External wallets include PayPal customers.
In June of last year, PayPal began allowing users to send supported tokens like bitcoin, ether, bitcoin cash and litecoin to external wallets. The move to open the service to tens of millions of Venmo customers comes at a time when the crypto industry as whole is being confronted with intense scrutiny in the U.S.
But do we trust it?
While two-thirds of Americans don’t trust crypto, according to a recent survey conducted by the Pew Research Center, it remains popular among millions in the U.S. The same survey said 17% of Americans had invested in or traded cryptocurrency.
Venmo processed $245.3 billion in fiat currency transactions in 2022, according to a recent PayPal earnings statement.
PayPal purchased Venmo in 2013.
© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Author: RT Watson
The digitally-augmented space is a key part of Warner Music Group’s future plans, its chief Digital Officer Oana Ruxandra said at Consensus 2023.
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Author: Camomile Shumba
Alex Pertsev, the Tornado Cash developer arrested in August 2022, is back on Twitter.
Pertsev was released from prison on April 26, as previously reported by The Block, and is subject to ankle bracelet monitoring. The Dutch courts had shot down previous efforts to secure Pertsev’s release.
Sorry I was afk for a while, what did I miss? 👀
— Alexey Pertsev (@alex_pertsev) April 28, 2023
Pertsev was arrested in the days after the U.S. government sanctioned Tornado Cash, an Ethereum-based transaction mixer frequently used to launder stolen coins.
Law enforcement authorities worldwide have long targeted transaction mixers and most recently seized $46 million in bitcoin as part of an operation against a service called ChipMixer.
Pertsev’s arrest and subsequent incarceration drew some criticism on the grounds that Pertsev shouldn’t be penalized for developing open-source code. The incident also raised questions about the future of law enforcement actions against distributed protocols like Tornado Cash.
© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Author: Michael McSweeney
Mayur Kamat, a tech industry veteran, discusses how the world’s largest crypto exchange is using artificial intelligence and the future of the tech industry.
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Author: Daniel Kuhn
The process can start once the parties agree on a mediator and submits an order to the U.S. bankruptcy court.
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Author: Sandali Handagama
Community members are vying for a new model to improve revenues to sustain the peg, which includes token buybacks and fees paid on peg deviations.
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Author: Shaurya Malwa
Mike Seavers will join the home of Bored Ape Yacht Club on May 22.
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Author: Brandy Betz
The miner signed deals with three firms to host rigs in sites where the Celsius Mining fleet was recently unplugged from.
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Author: Eliza Gkritsi
