The U.S. is far from making any decision on a central bank digital currency (CBDC), said Federal Reserve Vice Chairman Michael Barr, who described the Fed as still being in the “basic research” phase.
Past eras of crypto development were marked by a rapid proliferation in protocols for decentralized finance (DeFi) or other purposes, built atop big blockchains like Ethereum. Recently, however, there’s been a mini-explosion in new blockchains, including so-called layer-2 networks built atop Ethereum. The trend is encapsulated in this week’s launch of the Sei network – … Read more
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
The launch of PayPal’s (PYPL) stablecoin PayPal USD (PYUSD) will drive payments efficiencies and an improved customer experience, but adoption of the cryptocurrency is unlikely to be significant in the near term, Bank of America said in a research report on Thursday. “Over the longer term, we expect PYUSD to experience additional adoption headwinds as … Read more