Decentralized protocols, finance philosophy, and investing.
PayPal announced on Tuesday that the service now “supports the native transfer of cryptocurrencies between PayPal and other wallets and exchanges.” The ability to conduct external transfers on PayPal’s crypto platform, an image of which can be seen below, will start rolling out to users today and be available to Read more…
New York lawmakers have passed a bill that would temporarily ban new bitcoin mining operations. Early on Friday, state senators voted 36-27 to pass the legislation. It’s now bound for the desk of Governor Kathy Hochul, who will sign it into law or veto the bill. The law would come Read more…
A group of renowned technologists has joined forces to urge US lawmakers to crack down on the burgeoning cryptocurrencies industry, marking the first concerted effort to counter well-financed lobbying by blockchain companies. Harvard lecturer Bruce Schneier, former Microsoft engineer Miguel de Icaza and principal engineer at Google Cloud Kelsey Hightower, Read more…
The higher you climb, the harder you fall — and that spells trouble across the board for fintech startups right now. Already fintech multiples plummeted faster, and harder, than the rest of the tech sector. A chart published by a16z shows that the peak of forward revenue multiples for fintech Read more…
Singapore has begun a project to investigate potential uses of asset tokenization as the city state looks to establish itself as a hub for decentralized finance after several key crypto players left. “Project Guardian,” a collaboration between the Monetary Authority of Singapore and the finance industry, will test the feasibility Read more…
Republican Senators want to bar U.S. app stores including Apple and Google from hosting apps that allow payments to be made with China’s digital currency, according to a copy of proposed legislation seen by Reuters, amid fears the payment system could allow Beijing to spy on Americans. The bill to Read more…
Nicholas Weaver is a senior staff researcher at the International Computer Science Institute and lecturer in the computer science department at UC Berkeley. But he’s also a raging cryptocurrency skeptic, arguing that cryptocurrency is useless and destructive, and should “die in a fire.” In a recent interview in Current Affairs Read more…