Ledger Wallet Now Allows U.S. Residents to Purchase Cryptocurrency Using PayPal
French startup Ledger, which has become one of the world's most popular bitcoin companies, has launched a new service that allows US residents to buy cryptocurrencies through PayPal.
The company has already partnered with several online payment processors, including BitPay and Coinbase, to allow Coinbase customers to fund their accounts through PayPal. However, until now, this option was not available to Ledger users.
The new service is available in 24 different cryptocurrencies and works with the Ledger Wallet application installed on your computer or smartphone. Users can also make payments directly from their bank accounts through apps and websites.
No word yet on when this feature will roll out to more coins, or if it will roll out to all Ledger products at some point in the future.
In a new development, the SEC has resumed the review of proposals for funds that would invest in bitcoin. The review will take place over the next few months after it was put on hold earlier this year following an appeal from Grayscale Investments Ltd., who is seeking to launch the first-ever investment vehicle for buying and selling cryptocurrencies.
Grayscale Bitcoin Trust, traded on the NYSE under the ticker GBTC, was rejected by the SEC earlier this year for its controversial decision to apply a dual track regulatory approach for digital assets. The SEC cited concerns about oversight and market size as reasons for denying the application.
The government has yet to make a public statement regarding the ruling and will most likely remain tight-lipped, as it did in response to Bitcoin futures in December.
The specifics were not disclosed, but the tone suggested continued caution in assessing the market and infrastructure surrounding Bitcoin. The Grayscale ruling highlights the difference between a non-deliverable Forward Contract (Futures Exchange Trade Contract) and an actual futures-based ETP.
The details of the Grayscale ruling were not disclosed, but the tone suggested continued caution in assessing the market and infrastructure surrounding Bitcoin.
Now any time there’s an announcement of a new altcoin or a limited-time giveaway in the crypto markets, interest piques at once. That’s why it’s important to keep track of everything that’s going on in terms of TRX price , news and events related to it.
According to Mohamed El-Erian, the chief economic advisor at Allianz, says the crypto industry is getting more institutionalized and maturing well.
CoinEx, a crypto exchange based in China, has reportedly suffered a major security breach that caused a massive wallet drain of more than $28 million worth of ether (ETH), TRON (TRX) and MatiCoin.
Cryptocurrency exchange CoinEx has reported of a company hack that has resulted in the stealing of more than $28 million worth of assets.
Travis Kling, chairman of Global Advisors, interviews Mehmet Ertegün, co-CEO and one of the founding board members of Goldman Sachs, about his views on Bitcoin. Mr Ertegün discusses the creation and growth of Goldman Sachs in the early 1900s. He also speaks about his personal experience with Bitcoin as well as how it has impacted the global economy.