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Paypal's Latest Report: $1 Billion in Crypto Assets, Holdings Are Predominantly BTC and ETH

May 11, 2023

Payments behemoth Paypal has disclosed in a Form 10-Q financial report filed with the U.S. Securities and Exchange Commission (SEC) that it is holding nearly $1 billion in cryptocurrency assets. This news comes on the heels of Paypal’s announcement that Venmo now facilitates external transfers of cryptocurrencies to wallets and exchange platforms. Paypal’s Crypto Holdings Increase in Value…

Iran Shuts Down Over 8,000 Illegal Crypto Mining Farms in 3 Years

May 11, 2023

Authorities in Iran have closed down more than 8,000 underground facilities for cryptocurrency mining in the past three years, local media reported. Despite the government’s crackdown, illegal crypto mining continues to account for a serious amount of energy consumption…

Ethereum's Liquid Staking Protocols Attract 400,000 Ether After Shapella Upgrade

May 1, 2023

Just over two weeks have passed since Ethereum’s Shapella upgrade on April 12, 2023, which occurred at block height 6,209,536, enabling stakers to withdraw for the first time. At the time of the upgrade, slightly over 8 million ethereum was locked into liquid staking…

Paypal Upgrades Crypto Services to 60 Million Venmo Users, Allowing Transfers to External Wallets and Exchanges

May 1, 2023

After the American financial technology giant Paypal rolled out crypto payments last year, the company is now introducing cryptocurrency transfer services to Venmo users. The firm detailed that Venmo customers will be able to send funds to an existing Paypal account, an external wallet, or a crypto exchange platform. Venmo Customers Can Now Transfer Cryptocurrency to Paypal Users, External…

US Senator Ted Cruz: 'I Like BTC for the Same Reason the Chinese Communist Govt Doesn’t Like BTC'

April 30, 2023

United States Senator Ted Cruz has said he remains “incredibly bullish on bitcoin” which he described as the “alpha in the crypto sphere.” According to Cruz, people are attracted to bitcoin because they see it as a hedge against inflation and also as an “important…

Report: Kenya to Start Levying Tax on Revenue Earned by Crypto Exchanges

April 29, 2023

According to regulations published by the country’s treasury secretary, global crypto exchanges used by Kenya’s estimated 4 million users will start paying a 1.5% tax on revenues earned. Tax-Avoiding Digital Asset Platforms The Kenyan Treasury has said it will start…

AIGameToEarn Begins Pre-Launch Whitelisting for AI NFTs and a $100k Guaranteed Leaderboard

April 29, 2023

press release PRESS RELEASE. Zagreb, Croatia, 28th April 2023, Chainwire AIGameToEarn, an innovative platform combining artificial intelligence and gaming, started the whitelisting signups for its upcoming launch. The list is open to 2,000 lucky individuals, of which 200 spots are reserved for contributors, giveaways, and contest winners. Those who hurry and get whitelisted can purchase two AI…

Microstrategy Founder Michael Saylor to Argentines: 'You Need Bitcoin' — Critics Insist BTC Is Too Volatile

April 29, 2023

Micheal Saylor, the founder of Microstrategy, has told people living in inflation-stricken Argentina that they now “need bitcoin.” While many bitcoiners have welcomed Saylor’s suggestion, a few critics have said the top crypto asset’s volatility makes it an…

Report: Hackers Breach AT&T Email Accounts, Steal Victims' Crypto Funds

April 28, 2023

Cybercriminals have reportedly breached AT&T email accounts and are using the access gained to steal crypto assets from their victims. While a spokesperson for AT&T has denied claims that hackers have gained access to the company’s internal systems, a report…

Coinbase Shares Wells Response, Challenges SEC's Change in Attitude Towards Its Core Businesses

April 28, 2023

On April 27, Coinbase, the crypto exchange based in San Francisco, made public the disclosure of its response to the Wells notice it had received from the U.S. Securities and Exchange Commission (SEC) back in March. The company maintained that the regulatory body’s enforcement actions were in direct contrast to the agency’s previous approval of the firm’s public listing via its S-1 filing.