• Cryptocurrencies,  Technology

    In major U-turn, PayPal may allow 325M users to buy crypto. Are exchanges under threat?

    Experts are upbeat that PayPal’s rumored entry into crypto would be good for the industry—with greater exchange trading volumes ‘across the board’

    PayPal is reportedly preparing to start directly selling cryptocurrencies to its 325 million users—with job vacancies for blockchain experts popping up on its careers site. If confirmed, this would be a major U-turn for the fintech giant, and a big step towards mainstream adoption of Bitcoin.

  • Unstoppable decentralized blogs
    Politics,  Technology,  United States

    Will decentralized blogs make freedom of speech Unstoppable?

    As endless rows over censorship bubble up, Unstoppable Domains hopes decentralized blogs will be spared questionable moderation decisions

    Some are concerned at how big decisions about what’s acceptable speech are falling into the hands of tech giants. Blockchain-based domain name provider Unstoppable Domains is taking another approach: allowing the owners of .crypto sites to launch their very own decentralized blogs.

  • Square CashApp dollar-cost averaging
    Bitcoin

    Square’s Cash App adds small investor-friendly bitcoin buying feature

    Jack Dorsey’s payments app now supports dollar-cost averaging, a small investor friendly, long-term investment strategy in which a set amount of Bitcoin is bought on a regular schedule

    Square founder Jack Dorsey is aiming to make it easier for small investors to buy bitcoin in CashApp by setting up regular daily, weekly, or biweekly purchases at a set dollar amount.

  • ConsenSys cut 14% of staff
    Ethereum

    ConsenSys cut 14% of staff today, blaming the COVID-19 pandemic

    Another round of layoffs hit 90 people at Joe Lubin’s Ethereum venture studio, two months after similar cuts related to a reorganization

    Two months after ConsenSys cut 14% of staff in a round of layoffs, the axe has struck once again at Joe Lubin’s Brooklyn-based Ethereum venture studio. On April 20, the company announced another 14% reduction in headcount, this time attributed to the coronavirus pandemic downturn. That’s about 90 people. “Like most of its peers, ConsenSys is seeing extraordinary uncertainty in the market, with businesses rebalancing priorities and reevaluating timelines,” a spokesperson told Modern Consensus via email. “In such an environment, we must make changes to conserve resources and ensure our continued ability to support our customers, drive innovation, and serve the broader ecosystem.”  Adding that “no particular areas that were…