PayPal to open up network to cryptocurrencies
PayPal Holdings Inc PYPL.O said on Wednesday it will allow customers to hold bitcoin and other virtual coins in its online wallet and shop using cryptocurrencies at the 26 million merchants on its network.
Fed Chair Powell calls for more help from Congress
Federal Reserve Chairman Jerome Powell called Tuesday for continued aggressive fiscal and monetary stimulus for an economic recovery.
Fidelity, Vanguard, Schwab Funds Have Been Loading Up on Crypto Mining Stocks
Three of the largest asset managers are diversifying their funds to hold blockchain stocks, throwing more establishment financial might behind bitcoin’s technology.
FCA Bans Crypto Derivatives for Retail Consumers in UK
The Financial Conduct Authority (FCA) has published final rules banning the sale of derivatives and exchange-traded notes (ETNs) that reference certain types of crypto assets to retail consumers.
The Fed Could be Preparing To Deposit "Digital Dollars" Directly To "Each American"
Over the past decade, the one common theme despite the political upheaval and growing social and geopolitical instability, was that the market would keep marching higher and the Fed would continue injecting liquidity into the system.
BlackRock, Vanguard, and Norway Indirectly Own $110 Million of Bitcoin Ahead of Stock Sell-Off
This huge acquisition of the world’s largest cryptocurrency enabled the Norwegian Government Pension Fund, the Vanguard Group, and BlackRock Fund Advisors to indirectly own more than 10,000 Bitcoin (BTC) altogether.
Delta will use frequent-flyer program to back
$6.5 billion in debt
Delta Air Lines said Monday that it will borrow $6.5 billion backed by its frequent-flyer program, the third airline to tap its loyalty platform to shore up liquidity during the coronavirus crisis.