Hardware wallet maker Ledger has partnered with payments giant PayPal to allow users to buy crypto in its Ledger Live app through their PayPal accounts, the companies announced Wednesday. Ledger Live allows users to buy crypto with fiat currency and deposit tokens directly to the hardware wallet. With the integration of PayPal, users will now … Read more
Payments giant PayPal will temporarily pause crypto purchases in the United Kingdom until early 2024, the company said Wednesday, citing stricter rules by the country’s financial regulator. The company said customers who have previously purchased crypto assets through their PayPal account can keep them on the platform or sell them at any time. However, starting … Read more
Crypto custodian BitGo has raised $100 million at a valuation of $1.75 billion, Bloomberg reported on Wednesday. The $100 million raise comes nearly two months after the custodian scrapped plans to buy rival Prime Trust. The troubled Prime Trust could reportedly cut up to 75% of its staff, due to immense financial and regulatory challenges. … Read more
Cryptocurrency exchange Coinbase (COIN) can now list crypto futures in the U.S. nearly two years after applying for approval. Coinbase has secured approval from the National Futures Association (NFA) to operate a Futures Commission Merchant (FCM), the exchange announced on Wednesday. The NFA is a self-regulatory organization with designation from federal derivatives regulator the Commodity … Read more
Crypto exchange Binance to shut down its buy-and-sell service Binance Connect, formerly known as Bifinity, just one year after its launch, the company said in a statement. The service will be disabled on Aug. 16 as the crypto exchange wants to refocus on its main products and long-term goals, according to Binance. “We periodically review … Read more
The first half earnings season saw an inflection in companies discussing artificial intelligence (AI), with around 15% of firms quantifying a revenue or cost-benefit from using machine learning across a broad spectrum of applications, Morgan Stanley (MS) said in a research report Monday. The bank notes that 316 qualifying companies mentioned AI, with 106 explicitly … Read more
Dinari, which aims to provide access to real-world asset backed tokens, has announced a $7.5 million seed investment ahead of the ex-U.S. launch of its dShare Platform. Investors included SPEILLLP, a member of the Susquehanna International Group of companies, 500 Global and Balaji Srinivasan, the former chief technology officer of Coinbase. Other backers in the … Read more
The Jacobi FT Wilshere Bitcoin ETF is regulated by the Guernsey Financial Services Commission (GFSC) and will trade under the ticker “BCOIN.” The listing means Europe will see a spot bitcoin ETF traded before the U.S., despite dozens of applications to the Securities and Exchange Commission in the last few years London-based Jacobi Asset Management … Read more
Binance Labs, the venture capital arm of the world’s largest crypto exchange by trading volume, has committed to investing $5 million in the Curve DAO Token (CRV), the token behind the Curve decentralized exchange (DEX) on the Ethereum blockchain. As part of the collaboration, Curve is exploring a potential deployment on Binance’s BNB Chain, according … Read more
Crypto conglomerate DCG is seeking to dismiss a fraud lawsuit brought by Cameron and Tyler Winklevoss’ Gemini exchange. Digital Currency Group argues Gemini is trying to deflect blame for the problems at Gemini’s Earn lending service. Also on Thursday, DCG filed the controversial promissory note at the center of the controversy. Digital Currency Group, or … Read more