PayPal Pauses Work on Stablecoin Amid Increased Crypto Scrutiny by Regulators

PayPal is pausing work on its stablecoin as regulators increase scrutiny of cryptocurrencies and a key partner in the project faces a probe by the New York State Department of Financial Services. Stablecoins are intended to hold a set value, and some are underpinned by a matching reserve of assets such as cash and bonds.

from Gadgets 360 https://ift.tt/iqw03XW

Comments

Post a Comment

Popular posts from this blog

HBO Max will cost $14.99 per month and launch in May 2020

Image
AT&T and WarnerMedia just announced the pricing of their HBO Max streaming service, along with sharing more details about the timing and content lineup. The service will cost $14.99 per month — the same price as HBO Now. WarnerMedia also says it will be free for HBO Now subscribers and for viewers who subscribe to HBO via AT&T. And it will launch in May of next year. The announcement came at an event for investors and media, where HBO’s Casey Bloys also revealed that the network has greenlit a Game of Thrones spin-off called House of the Dragon , based on George R.R. Martin’s book of Westerosi history, Fire and Blood  (perhaps explaining why  a previously announced spin-off that was recently canceled ). The company also revealed that HBO Max will be the exclusive streaming home of South Park . Plus, Elizabeth Banks, Issa Rae and Mindy Kaling are all developing new shows for the service — and  Arrow and Riverdale producer Greg Berlanti announced that he’s working on the new
Read more