• Is PayPal buying BitGo
    Bitcoin,  Ethereum,  Litecoin

    Bloomberg: Is PayPal buying crypto custodian BitGo?

    The report cites anonymous sources who say PayPal is in talks to buy crypto firms including the competitor of its announced custodian Paxos

    Citing anonymous sources, the Bloomberg report said that PayPal Holdings is looking to double down on its jump into crypto this week. No other firms were mentioned by name, and the sources made clear BitGo was not a done deal.

  • 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.

  • Coinbase Pro gas fees
    Ethereum

    Enough is enough: Coinbase Pro to stop absorbing gas fees and pass costs on to ETH users

    The announcement comes as expenditure on transaction fees reaches a record high, with close to $1 million spent in a single hour

    In a series of tweets on Sep. 17, the exchange said decentralized finance’s explosion in popularity, alongside wider levels of crypto adoption, were key factors in its decision. With networks getting more congested because of higher numbers of transactions (and gas fees going up as a result,) it seemed inevitable this policy wouldn’t be sustainable forever.

  • India revisits crypto ban
    Bitcoin,  Cryptocurrencies,  Regulation

    India revisits crypto ban in fresh blow to embattled industry

    Months after exchanges began tentatively opening and reopening for business, reports suggest the Indian government is not finished in its quest to ban the trade of digital assets

    The rumored ban comes months after the country’s Supreme Court overturned controversial restrictions that prohibited banks from dealing with exchanges. Those measures left many trading platforms unable to operate, with some closing their doors for good.

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