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PayPal Dubs Blockchain 'The New Financial Rail,' Promises 'Innovation In Payments'

PayPal said its stablecoin, PYUSD, is just the "next evolution" toward its goal of continuously providing customers with "trust, confidence and ease."

SEC Subpoenas PayPal Over PYUSD Shortly After Fintech Giant Secures UK Crypto License

The SEC's enforcement action came a few months after PayPal officially launched its stablecoin dubbed PayPal USD (PYUSD).

Stocks Rebound On Lower Bond Yields, Better Earnings

A Wall Street sign outside the New York Stock Exchange

U.S. stocks staged a strong rebound on Wednesday afternoon, following a sharp drop in bond yields. The rebound continued in pre-market trade on Thursday.

PayPal Eyes Layer-2 Network And NFT After Launching PYUSD Stablecoin

Four patent applications filed this month underlined PayPal's interest in layer-2 and non-fungible tokens.

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US Lawmaker Emphasizes Potential Of Stablecoins As PayPal Launches PYUSD

McHenry noted that stablecoins can only achieve their full potential if "clear regulations and robust consumer protections" are available, underlining the importance of Congress enacting legislation that would "provide comprehensive digital asset regulation, especially for stablecoins."

Paypal Reveals Over 50% Increase In Cryptocurrency Holdings In Q1 2023

PayPal treats its crypto assets as a "safeguarding liability" because of the "unique risk associated" with it.

PayPal Reportedly Pauses Crypto Project Amid Regulatory Scrutiny Of Key Partner Paxos

Rumors about the stablecoin project started making rounds when a code for a USD-backed coin was uncovered in the company's official application last year.

Tech Layoffs: PayPal Joins List Of Cost-Cutting Companies, Slashes 7% Of Workforce

PayPal joined the growing list of tech giants to announce layoffs as it will slash 7% of its workforce.

PayPal Hacked: 35,000 Accounts Breached In Credential Stuffing Attack

The widespread password reuse among its customers was to blame for a significant breach of personal data, according to PayPal.

Elon Musk's talk of being a free speech champion at Twitter is at odds with the suspension of accounts of journalists who cover him and the tech firm he bought for $44 billion

Elon Musk's 3 Biggest Tech Failures

From getting fired from his own company to the time Tesla nearly went bankrupt, Elon Musk has had his share of failures too.

The word "taxes" is seen engraved at the headquarters of the Internal Revenue Service (IRS) in Washington, D.C., U.S., May 10, 2021.

IRS Says Tax Refunds May Be Lower Amid Requirements To File Income From Third-Party Networks

New tax laws will significantly affect the 2022 tax-filing season.

PayPal has launched a new Checkout with Crypto feature

PayPal Aims To Boost App Usage: Will Allow Customers To Transfer Certain Cryptocurrencies

PayPal aims to boost the usage of its app and will now allow selected users in the United States to transfer crypto using their accounts to other users or other exchanges and wallets.

Dubbed the "Con Queen of Hollywood," the fraudster led investigators on a years-long, global manhunt

Celebrities, Industry Bigwigs Inject $86.7M Funds Into MoonPay, Boost Valuation To $3.4B

The latest round of investment is supposed to help MoonPay become Paypal's counterpart in the cryptocurrency space.

'Cryptocurrencies Will Redefine The Financial World,' Says PayPal CEO

As per reports that surfaced in January this year, PayPal Holdings noted that it was exploring the launch of its own stablecoin as part of its cryptocurrency push.

PayPal Confirms Its Looking To Launch Its Own Cryptocurrency

As various companies continue to explore the world of crypto, PayPal is reportedly considering launching its own cryptocurrency. The potential coin would be backed by the U.S. dollar.

Could You Be Taxed For Payments On Apps? How A New Rule Could Affect Payments

A new rule under the American Rescue Plan to go into effect Jan. 1, 2022 could affect how and when users report taxable income on payment apps like PayPal.

Pinterest said it is taking a stand against "body shaming" by banning weight-loss ads on the online bulletin board

Paypal To Acquire Pinterest For $45 Billion, Companies In Late-Stage Talks: Report

Pinterest, the digital pinboard company founded in 2009, first went public in April 2019.

To Keep Pace With Industry, PayPal Considers Entry Into Stock Trading

PayPal is looking to consider entering the growing field of individual stock trading at a time when rivals are jumping in and regulators are increasing their interest.