Paypal

International payments giant PayPal plans to reward Bitcoin (BTC) mining companies that make their operations more eco-friendly. According to an April 22 blog post, in collaboration with Energy Web and DMG Blockchain Solutions, PayPal’s Blockchain Research Group has proposed using “cryptoeconomic incentives” to encourage BTC miners to use low-carbon energy sources.  PayPal believes these experimental […]

PayPal’s venture arm recently invested in a digital assets startup. There’s nothing unusual about that. However, for one thing, the payments giant used its PYUSD stablecoin, launched last August, for $5 million of its investment. Among stablecoin investments, the chosen domain focus is Mesh, a startup founded by cybersecurity veterans who sold their first venture […]

Mt. Gox creditors report successful receipt of payments, marking a noteworthy development in the long-awaited resolution for the Mt. Gox community. The updates are spreading across various social media platforms. Reddit accounts suggest that Mt. Gox is remitting fiat currency [Japanese yen] to people who suffered losses of Bitcoin in the 2014 incident. Payments have […]

PayPal Holdings, a global payments firm expanding into the crypto space, received a subpoena from the United States Securities and Exchange Commission (SEC) regarding its US dollar stablecoin PayPal USD (PYUSD), the company disclosed on Nov. 2 in its Q3 financial report with the SEC. PayPal noted: “On November 1, 2023, we received a subpoena […]

In an interview with CNBC on Sept. 11, David Marcus, the ex-PayPal executive and co-founder of the Bitcoin Lightning-focused payment service Lightspark, said he believes Bitcoin’s Lightning Network could simplify sending money across jurisdictions.  The lightning network aims to make Bitcoin transactions cheaper, faster, and more practical for small payments. It processes Bitcoin transactions independently […]