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Ethereum is like ‘Amazon in the 1990s’ — 21Shares

“Just as Amazon evolved beyond books to redefine entire industries, Ethereum may surprise us with revolutionary use cases that we can't fully envision today,” a 21Shares executive said.

Wall Street investors are still largely unaware of Ethereum’s potential, similar to Amazon in the early 1990s before it became a $2 trillion tech giant, according to a research analyst at crypto asset manager 21Shares.

Spot Ether (ETH) exchange-traded funds launched in July but have seen relatively small inflows compared with spot Bitcoin (BTC) ETFs. 

Leena ElDeeb, Research Analyst at 21Shares, told Cointelegraph that large inflows into ETH ETFs will happen only when Ethereum’s potential is understood.

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BTC price ‘issues’ include $70K dip despite Bitcoin whale accumulation

Fireblocks Launches $1M Grant Program to Promote Paypal’s PYUSD Adoption

Fireblocks Launches M Grant Program to Promote Paypal’s PYUSD AdoptionFireblocks, a provider of blockchain infrastructure, has announced a $1 million grant program with Paxos, aimed to foster broader use of paypal usd (PYUSD). Fireblocks Launches $1M Grant Progam With Paxos Following what the firm describes as a “successful pilot,” the initiative seeks to encourage businesses to develop PYUSD applications on Fireblocks’ platform. In a […]

BTC price ‘issues’ include $70K dip despite Bitcoin whale accumulation

Fireblocks launches $1M grant program to boost PYUSD developer adoption

As part of the program, developers can apply for up to $60,000 in grant funding to support their projects.

Digital assets management platform Fireblocks has announced the launch of a $1 million grant program for companies building blockchain-based projects using the PayPal USD (PYUSD) stablecoin. 

Qualifying projects will be eligible for up to $60,000 in grants as part of the program, which was extended on Oct. 24 after an extensive beta period with payment companies KoraPay and Bridge. 

“Our pilot has already shown the transformative impact PYUSD can have, and we look forward to seeing businesses create real-world use cases that take advantage of what stablecoins can offer,” said Ran Goldi, the senior vice president of payments and networks at Fireblocks, in an announcement.

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BTC price ‘issues’ include $70K dip despite Bitcoin whale accumulation

Paypal Expands Crypto Reach: 60 Million Venmo Users Now Linked to Moonpay

Paypal Expands Crypto Reach: 60 Million Venmo Users Now Linked to MoonpayVenmo’s 60 million users can now fund transactions on the Moonpay platform, thanks to a new integration announced by Paypal. U.S. users can use Venmo balances, linked bank accounts, or cards to buy and sell cryptocurrencies through Moonpay, expanding payment flexibility. However, this option is unavailable in New York and Texas, continuing Paypal’s push into […]

BTC price ‘issues’ include $70K dip despite Bitcoin whale accumulation

Paypal Completes First Corporate Transaction Using PYUSD Stablecoin

Paypal Completes First Corporate Transaction Using PYUSD StablecoinPaypal has made a significant step in corporate payments by completing its first transaction using its stablecoin Paypal USD (PYUSD). This milestone highlights the role digital currencies can play in streamlining cross-border transactions, with Paypal partnering with Ernst & Young LLP. Paypal Completes First PYUSD Stablecoin Business Transaction Paypal Holdings Inc. has completed its first […]

BTC price ‘issues’ include $70K dip despite Bitcoin whale accumulation

PayPal Taps Native Stablecoin PYUSD for Business Payment to Accounting Giant Ernst & Young: Report

<div>PayPal Taps Native Stablecoin PYUSD for Business Payment to Accounting Giant Ernst & Young: Report</div>

Payments giant PayPal has reportedly completed its first business transaction using the dollar-pegged stablecoin it launched last year. Bloomberg reports that on September 23rd, the San Francisco-based company used PayPalUSD (PYUSD) to pay an invoice to the Big Four accounting firm Ernst & Young. Paypal settled the undisclosed amount using SAP digital currency hub, a […]

The post PayPal Taps Native Stablecoin PYUSD for Business Payment to Accounting Giant Ernst & Young: Report appeared first on The Daily Hodl.

BTC price ‘issues’ include $70K dip despite Bitcoin whale accumulation

PayPal CEO Believes Crypto ‘Really Important’ Future Element of Commerce, Says Consumers Paying ‘A Ton’ in Fees

PayPal CEO Believes Crypto ‘Really Important’ Future Element of Commerce, Says Consumers Paying ‘A Ton’ in Fees

The CEO of PayPal says the firm is considering the role crypto plays in the future of commerce and payment processing. In a new interview with Yahoo Finance, PayPal CEO Alex Chriss says that he, and by extension PayPal, think that crypto will be impotant for the future for consumers. “Crypto to me is a […]

The post PayPal CEO Believes Crypto ‘Really Important’ Future Element of Commerce, Says Consumers Paying ‘A Ton’ in Fees appeared first on The Daily Hodl.

BTC price ‘issues’ include $70K dip despite Bitcoin whale accumulation

Tether onboards head of government affairs from PayPal

Jesse Spiro said he intended to work with industry leaders and lawmakers to help grow the ecosystem in his role at Tether.

Stablecoin issuer Tether announced that Jesse Spiro will join the firm as its head of government affairs after three years at PayPal.

In a Sept. 13 notice, Tether said Spiro would be responsible for “leading policy and engagement efforts with lawmakers, regulators, and key stakeholders” in his role at the company. He was the head of regulatory relations for PayPal’s blockchain and crypto business from 2021 to 2024 and worked at Chainalysis for more than two years in roles concerning policy and government affairs. 

According to Tether CEO Paolo Ardoino, Spiro’s appointment was part of Tether’s “commitment to responsible innovation” in the crypto space. Spiro said he intended to work with industry leaders and lawmakers to help grow the ecosystem.

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BTC price ‘issues’ include $70K dip despite Bitcoin whale accumulation

Payment Processors Paypal and Venmo Now Support ENS Domains

Payment Processors Paypal and Venmo Now Support ENS DomainsEthereum Name Service (ENS) has announced that the payment giants Paypal and Venmo have integrated support for ENS domain names. This integration enables users to employ Paypal and Venmo to transmit crypto assets to an ENS address. Paypal and Venmo Roll out ENS Support On Tuesday, ENS shared on the social media platform X that […]

BTC price ‘issues’ include $70K dip despite Bitcoin whale accumulation

Total Stablecoin Market Cap Rises for 11th Consecutive Month Amid PayPal USD Growth: CCData

Total Stablecoin Market Cap Rises for 11th Consecutive Month Amid PayPal USD Growth: CCData

The total market capitalization of stablecoins has been increasing for nearly a year now, according to blockchain analytics firm CCData.  In a new report, CCData says the total market cap of stablecoins rose by $169 billion in August, up by 2.89% from last month. The increase marks the 11th time in a row that the […]

The post Total Stablecoin Market Cap Rises for 11th Consecutive Month Amid PayPal USD Growth: CCData appeared first on The Daily Hodl.

BTC price ‘issues’ include $70K dip despite Bitcoin whale accumulation