• PayPal adds support Bitcoin
    Bitcoin,  Cryptocurrencies,  Ethereum,  Litecoin

    PayPal adds support for bitcoin, other cryptos

    26 million merchants will be able to accept payments in bitcoin, ether, bitcoin cash, and litecoin ‘in the coming weeks’

    Saying the “shift to digital forms of currencies is inevitable,” PayPal president and CEO Dan Schulman announced that customers would be able to buy, sell, and hold bitcoin and three other cryptocurrencies in their accounts.

  • Polymarket raises $4M
    Innovators,  Technology

    With $4M round, Polymarket predicts success

    Can Shayne Coplan’s prediction market turn bets into information? Investors like Olaf Carlson-Wee’s Polychain and Naval Ravikant are wagering yes

    Blockchain-based prediction markets like Polymarket allow people to bet on real world events—essentially making them put their money where their mouth is on questions ranging from who will win a presidential debate to whether Drake will release a new studio album this year. Broadly, the idea to use the free market to get better and more accurate information than is available through the tornado of misinformation and bias unleashed by social media.

  • Zcoin bumps up privacy
    Cryptocurrencies,  Technology

    Zcoin bumps up privacy with ability to burn and redeem coins

    The privacy coin is adding a new anonymity feature to counter the growing ability of law enforcement to track privacy coins’ transactions

    The Lelantus protocol went live on a testnet on Oct. 20, offering users of the privacy coin the ability to “destroy coins of arbitrary amounts and to redeem brand new coins (even partially) that appear to have no previous transaction history associated with them,” the organization said.

  • Powell warming to digital currency
    Politics

    Fed’s Powell warming to U.S. digital currency

    Federal Reserve chairman Jerome Powell views are evolving from seeing no value in central bank digital currencies to saying it is important to get it right

    “I actually do think this is one of those issues where it's more important for the United States to get it right than it is to be first, given the dollar's important role globally,” Powell said during an International Monetary Fund (IMF) panel on Oct. 19. “Getting it right means that we not only look at the potential benefits of a CBDC, but also the potential risks and also recognize the important trade-offs.”

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