News Explorer — PayPal Seeks Utah-Chartered Industrial Bank Status

Generated by AI, curated by humans

Dec 16, 1:26 am

Decrypt

PayPal Seeks Utah-Chartered Industrial Bank Status

PayPal has applied to establish a Utah-chartered industrial bank to have more control over lending, deposits, and payments infrastructure for small businesses in the U.S. If approved, this move could help PayPal support its expanding crypto and stablecoin operations within a regulated banking framework.

PayPal has applied to establish a Utah-chartered industrial bank to have more control over lending, deposits, and payments infrastructure for small businesses in the U.S. If approved, this move could help PayPal support its expanding crypto and stablecoin operations within a regulated banking framework.

Latest

Mar 13, 12:58 pm

Protos

Rising Oil Prices Fuel Tokenized Crypto Trading Fever

The surge in oil prices has led to a frenzy on crypto platforms, with leveraged oil derivatives being listed for specula... Read Summary

Mar 13, 11:31 am

DL News

Sky DeFi Protocol Cuts Buyback Program by 87% to Boost Stablecoin Reserves Amid War Concerns

Sky, a major DeFi protocol, has reduced its buyback program by 87% to strengthen its stablecoin reserves. The reduction,... Read Summary

Mar 13, 8:50 am

DL News

BlackRock's Staked Ethereum Fund Has Already Pulled in $16 Million

BlackRock's new Ethereum ETF, ETHB, allows investors to capture staking rewards while providing exposure to Ether. The a... Read Summary

Mar 13, 4:51 am

Coindesk

Pi Network's PI Token Rises 30% After Kraken Listing

Pi Network's PI token surged 30% after Kraken announced its listing, following the project's shift to a phone-based trus... Read Summary

Mar 13, 4:46 am

Decrypt

Adobe's CEO to Step Down Amid AI Disruption to Big Tech

Shantanu Narayen, CEO of Adobe, will step down after leading the company's growth from under $1 billion to over $25 bill... Read Summary

Mar 13, 3:43 am

Decrypt

Bitcoin's Price Rises Despite Ongoing Iran Conflict—What's Going On?

Bitcoin has surged to $71,500, its highest level in a week, amid escalating tensions in the Middle East and rising oil p... Read Summary

Mar 13, 2:04 am

Decrypt

White House Disputes ABC News Report on Iran Drone Threat in California

The White House is demanding a retraction from ABC News for a report on Iran planning drone attacks on California, citin... Read Summary

Mar 12, 10:49 pm

Decrypt

Crypto Trader Gets Wrekt in $50M Aave Trade

A crypto trader lost nearly the entire value of a $50 million transaction while attempting to buy AAVE tokens through Aa... Read Summary

Mar 12, 8:16 pm

Decrypt

Quantum Computing Poses a Threat to Bitcoin Security, But Not Anytime Soon: Report

A recent report by Ark Invest and Unchained suggests that quantum computing poses a future threat to Bitcoin's security,... Read Summary

Mar 12, 6:21 pm

Decrypt

OP Labs Downsizing to Streamline Operations as Ethereum Ecosystem Rethinks Scaling

OP Labs, the team behind Ethereum's Optimism, is downsizing to streamline operations and decision-making, not due to fin... Read Summary

Mar 12, 6:04 pm

Decrypt

European, US Authorities Dismantle Major Malicious Proxy Operation, Freezing $3.5 Million in Crypto

Operation Lightning, led by European and U.S. authorities, targeted the "SocksEscort" service, seizing infrastructure an... Read Summary

Mar 12, 5:57 pm

Decrypt

Bitcoin Is Rising Amid the Iran Crisis, Despite Stocks and Bonds Struggling

Bitcoin has shown a slight increase amid the Iran conflict, contrasting with struggling bonds and stocks. CoinShares' re... Read Summary

Mar 12, 5:56 pm

bitcoinmagazine.com

Paraguay Mandates Reporting on Bitcoin and Crypto Transactions Exceeding $5K Annually

Paraguay's DNIT has issued General Resolution No. 47/26, requiring detailed reporting on Bitcoin and crypto transactions... Read Summary

Mar 12, 5:17 pm

Decrypt

JPMorgan Chase Sued for Negligence in Alleged $328 Million Crypto Ponzi Scheme

JPMorgan Chase is facing a lawsuit for allegedly allowing a customer to conduct an alleged $328 million crypto fraud inv... Read Summary

Mar 12, 4:59 pm

Decrypt

CBDC Ban Passes Senate, But Faces Challenges From House and Trump

The U.S. Senate passed a bill with a ban on developing an American CBDC, part of the 21st Century ROAD to Housing Act. T... Read Summary