Blockstream Is Betting on Bitcoin Comeback as It Hoards Crypto Mining Rigs

Blockstream Is Betting on Bitcoin Comeback as It Hoards Crypto Mining Rigs

Bitcoin developer Blockstream Corp. is betting that the world’s most valuable cryptocurrency is poised for a massive rebound, and is buying up Bitcoin mining rigs so that it can sell them for a profit later should the prediction hold. Montreal-based Blockstream was one of the earliest Bitcoin infrastructure companies, conceived in 2014 by CEO and … Read more

In latest crypto payments push, PayPal launches stablecoin

In latest crypto payments push, PayPal launches stablecoin

PayPal Holdings Inc. is rolling out a stablecoin, the first by a large financial company and a potentially significant boost to the sluggish adoption of digital tokens for payments.  PayPal USD (PYUSD) is issued by Paxos Trust Co. and fully backed by US dollar deposits, short-term Treasuries and similar cash equivalents, the San Jose, California-based … Read more