“All eligible PayPal account holders in the U.S. can now buy, hold and sell cryptocurrency. By acting so quickly and raising the purchase limit yet again, PayPal is clearly finding a warm reception for its crypto offerings.
Due to initial demand from our customers, we’ve also increased our weekly cryptocurrency purchase limit from $10K/week to $20K/week.
Plans to bring crypto services to Venmo and international customers in the first half of 2021 remain unchanged.”
“You can now carry exposure to world oil markets in your decentralized finance (DeFi) portfolio. Outside of fiat-backed stablecoins, the product is one of the first real world assets to enter DeFi trading.
Pricing data for sOIL is supplied by data provider Chainlink, further sourced from ICE for an undisclosed sum.
Connecting key financial infrastructure to next-generation smart contracts is a key step in the continued evolution of the DeFi ecosystem.”
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“The move ended a week of consolidation in the range of $14,000 to $16,000. Bitcoin is now up 123% on a year-to-date basis and has gained nearly 50% so far this quarter.
Against the backdrop of stimulus from the Federal Reserve, we expect investors holding cash to continue to allocate to bitcoin.
The interest so far in 2020 has been primarily from institutions and we could see more retail participation when bitcoin breaks its previous all-time highs of $20,000.”
“Lagarde said a digital euro would take extensive time to develop, including not just the underlying technology but anti-money-laundering controls and prevention of terrorism financing.
A digital euro will not be a substitute for cash. It will be a complement.”
“Blockchain analytics platform BlockSeer has launched the private beta version of a new Bitcoin (BTC) mining pool — Blockseer Mining Pool — that censors transactions from blacklisted wallets.
The pool will use BlockSeer and Walletscore’s labeling data, among other verified sources such as the United States Office of Foreign Assets Control, or OFAC, blacklist for crypto to identify BTC transactions it does not wish to process. The pool also requires all miners to pass Know-Your-Customer protocols.
This is not an imminent problem, but it is coming. Now is the time to prepare for it.
The Stratum V2 draft is a complete overhaul that implements BetterHash, a secondary protocol that enables mining pool constituents to decide the composition of the block they will mine, instead of pools having control over which transactions to include in each block. This should make pool censorship impossible.“
“Available to users of MetaMask and any wallet that uses the WalletConnect protocol, Retrievable Transfer allows users to reclaim funds sent to the wrong address by generating a password that is entered by the sender. The receiver of the funds must also enter the matching password.
The use of our logic layer finally eliminates the need to send a test transaction, sharply reducing the level of anxiety users feel when transferring funds to a third party.”
“On Thursday, Chainalysis unveiled a program for storing and selling forfeited crypto. The program will likely cater to many of the same government clients that already pay Chainalysis millions of dollars annually to help trace illicit crypto transactions.
The U.S. Marshals Service, which runs those auctions, has been asking since April for a private-sector partner to help it manage and dispose of forfeited cryptocurrency.”