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.
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Governments, financial firms don’t trust crypto
A new survey suggests the crypto industry is adamant it can prevent cybercrime and money laundering, but this optimism isn’t shared by governments and financial firms
“Bridging this gap is essential, as all sectors agree that the use of cryptocurrency is on the rise, but we know there’s no clear consensus on domestic regulatory action," said Kayla Izenman. "This risks opening the door to illicit activities.”
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DeFi ‘will soon run out of victims to fleece’
Messari founder Ryan Selkis went on a twitter rampage yesterday, predicting that the decentralized finance ‘bubble’ will soon pop
Decrying Ponzi economics, yield hopping, 50% APY yields and “rug pulls”—in which a project’s founder runs off with investors’ funds—Selkis warned that “a good rule of thumb” is that if a project’s promised payout “looks too good to be true, it is.”
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PornHub embraces Bitcoin, Litecoin
The world’s largest porn site now supports Bitcoin and four altcoins as a payment method
The announcement follows the April 2018 PornHub partnership with privacy-oriented cryptocurrency Verge, which resulted in the coins being accepted by the website as a payment option. In November 2019, PayPal cut off payments to PornHub’s 100,000 webcam models, which resulted in the price of Verge rising by 33%.
