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Pornhub Adds Tether Stablecoin as New Crypto Payment Option

News Adult entertainment website Pornhub has added a new cryptocurrency payment option after PayPal had abruptly stopped servicing its models in late 2019. According to a Jan. 23 blog post, Pornhub now supports Tether (USDT) — a major United States dollar-pegged stablecoin — to allow instant and z..

Bakkt Has Two New Appointments as Former CEO Leaves for US Senate

News Former PayPal and Google veteran Mike Blandina has been appointed as the new CEO of major cryptocurrency trading platform Bakkt. Following the departure of founding CEO Kelly Loeffler, who was appointed to a United States Senate seat in early December, Blandina has now been promoted to CEO po..

PayPal Sues Consumer Protection Agency for ‘Confusing’ Digital Wallet Rules

News PayPal is suing the Consumer Financial Protection Bureau (CFPB) for requiring the firm to make “misleading and confusing” disclosures about its fees. The digital payments giant filed a lawsuit against the CFPB on Dec. 11, arguing that the agency has ignored critical differences between digita..

PayPal CEO Hodls Bitcoin and Only Bitcoin

News Dan Schulman, CEO of payment processor PayPal, revealed during an interview that he does indeed own Bitcoin (BTC). On Nov. 20, Fortune reported that PayPal CEO Dan Schulman stopped by its offices where he discussed a variety of topics, including the reason for PayPal’s withdrawal from the Lib..

PayPal Leads $4.2M Funding Round for Crypto Risk Management Platform

News Payment processor PayPal has led a $4.2 million funding round for cryptocurrency risk management platform TRM Labs. In a Nov. 19 press release TRM Labs announced that it secured $4.2 million in an investment round led by PayPal, with participation from other top investors including Initialize..

Bank of America Ices Ex-PayPal CFO’s Account, ‘Did You Buy Any Bitcoin?’

News Bitcoin (BTC) figures could gain an unlikely new convert after the former chief financial officer of PayPalappears to have abruptly lost access to the banking system. In an ongoing Twitter debate on Nov. 18, Roelof Botha revealed that Bank of America (BoA) had chosen to close his account. The..

Turkey’s Unexpected Rise to the Top of Global Crypto Adopters

Analysis When thinking of countries that are ahead of the curve in crypto adoption, Turkey might not be the first place that springs to mind. However, Statistica's Global Consumer Survey for 2019 shows that a fifth Turkish residents are acquainted with crypto and have been exposed to it in so..

PayPal’s PornHub Blacklisting Offers Crypto Adoption Opportunity

PayPal has suddenly ceased offering support for popular adult entertainment website PornHub. Performers on the platform now have to use other payout methods which include cryptocurrencies with some industry leaders saying the development is a positive for mainstream crypto adoption. In recent times..

Paypal’s Pornhub Snub Pumps Verge (XVG) by 33% on 168% Volume Surge

News Verge (XVG) has seen a 33% pump in the 24 hours following Paypal’s move to pull the plug on the adult entertainment website Pornhub. XVG — whose creators struck a deal with Pornub back in April 2018 — has skyrocketed in value since the PayPal news broke on Nov. 14, as Coin360 data shows.XVG..

Bitcoin Fixes This: PayPal Cuts Payouts to Over 100,000 Pornhub Models

News Bitcoin (BTC) is being championed as the solution to a new payment crisis affecting the adult entertainment website Pornhub. In a blog post on Nov. 14, Pornhub revealed that payment processor PayPal had abruptly stopped servicing its models. Pornhub hits out at attack on “livelihoods”Previou..

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