PayPal | FinTelegram News

February 13, 2021

Investor Warning – Bitcoin Formula recruits victims for Lucrum.Pro, FXCM Group, Triton Capital Markets, and others

FinTelegram recently issued an investor warning against Bitcoin Formula, an affiliate system to recruit new victims for various broker scams. Among them, we have discovered the Lucrum.Pro (www.lucrum.pro) is one of the many scams promoted via Bitcoin Formula. This specific scam is allegedly operated by Econdary LLC, registered in St. Vincent and the Grenadines. Deposits can be made using an intermediate solution via Stripe and PayPal or cryptocurrencies. The scam found an interesting solution to integrate Stripe and PayPal via a Polish Sales Master Z.O.O. (d/b/a Varifilio).

February 4, 2021

Cryptonomics – PayPal’s crypto trading volume exceeded expectations

Crypto has come to stay. Once again, there is a strong signal in this regard. And again from PayPal, which was already responsible for the 2020 crypto hype. On PayPal’s Q4 2020 earnings call, CEO Dan Schulman revealed that “the volume of crypto traded on our platform greatly exceeded our expectations." PayPal will continue to invest “significantly” in its new crypto, blockchain, and digital currencies business to “help share this more inclusive future,” in which everyone and not just affluent people have access to financial services.

January 22, 2021

BlackRock – The world’s largest asset manager joins the Crypto Universe

The bull run of cryptocurrencies has stopped for the time being. After Bitcoin (BTC) and Ethereum (ETH) reached new all-time highs of more than $41,000 and $1,400 within a few weeks, prices have been correcting for two weeks. One thing is certain, however. The entry of institutional investors into crypto has been broad-based - from PayPal to the world's largest asset manager BlackRock; the FIAT elite has definitely made first foodprints the crypto universe. This promises a durable crypto-asset future.

January 2, 2021

Crypto Year 2021 – Crypto pioneer Grayscale Investments of Barry Silbert celebrates records

The crypto bull-run happened amidst the COVID-19 pandemic. Bitcoin (BTC) finished 2020 just shy of $30,000 with a market cap of around $530 billion. A year ago, the price had been $7,100. 2020 was the year of institutional investors and PayPal's entry. With the crypto explosion, the digital Assets Under Management (AUM) of Barry Silbert's pioneering Grayscale Investments crypto trusts have surpassed the $20 billion mark. That's quite something, isn't it?

NYDFS

October 23, 2020

Crypto adoption – PayPal receives BitLicense and starts to accept crypto as a means of payment

This may be a pivotal step for crypto mainstream adoption. Following FinTechs like Revolut, FinTech giant PayPal will embrace crypto. PayPal announced that it will allow customers to hold bitcoin and other virtual coins in their online wallets and use it to shop and pay at the 26 million merchants on its network. The new service will be operated on the regulatory grounds of a NY Bitlicense in a partnership with Paxos Trust Company.

Cryptonomics

April 15, 2019

Bitcoin Price Could Exceed 1 Million In The Long Run

Joseph Young published an interesting article on CCN on the future value of Bitcoins (BTC). He refers to an essay published on the research platform..