PayPal opens up to Bitcoin, Ethereum and Litecoin – but with minimal functionality for now

PayPal has launched a new service enabling its customers to buy, hold and sell cryptocurrency direct from their PayPal account.

The company cited the Covid-19 pandemic as driving migration towards digital payments, as well as the increased interest in digital currencies from central banks and consumers, as behind the move.

Cryptocurrencies on the initial list include Bitcoin, Ethereum, Bitcoin Cash and Litecoin, with plans to expand to Venmo and 'select international...

Cryptowisser notes 75 crypto exchanges fell in 2020 as ‘unique edge’ now required

Ever wanted a repository for crypto exchanges that are no longer with us? Crypto services reviewer Cryptowisser has its Exchange Graveyard - and a stark warning about how 2020 has affected exchanges globally.

According to the company, 75 crypto exchanges have passed on this year, whether they voluntarily shut down, were hacked, or were otherwise missing in action. The earliest were DFlow, The PIT and WCX, who turned their toes up on the first day of the year, while the most recent...

Estonia’s central bank launches research project to assess digital currency

The Bank of Estonia (Eesti Pank) is launching a multi-year research project to assess the suitability of its e-Government technology in operating a central bank digital currency.

The initiative, in collaboration with the technology companies Guardtime, the long-term blockchain partner of the Estonian government, and The SW7 Group, will focus on a solution based on the KSI Blockchain, a core technology of e-government in Estonia.

The project will also examine new payment...

Ripple: How cryptocurrency can be a viable route to sustainability for financial technology

Since the start of the Covid-19 pandemic, countries under full lockdown have experienced an average 25% decline in energy demand per week. Encouragingly, non-renewable sources of energy like oil and coal declined in usage nearly 20% as curtailment in commercial operations took hold.

However, projections from McKinsey suggest these positive developments could be dismantled by an increase in demand for digital technology - especially digital payments, which are expected to grow by...

Ripple pushes for carbon net-zero by 2030, urges all crypto players to be ‘accountable’

Ripple has announced a commitment to be carbon net-zero by 2030, claiming to be the first blockchain company to do so - and has put together partnerships to help achieve it.

The company is partnering with conservation organisations Rocky Mountain Institute and REBA, as well as the Energy Web Foundation, to help 'ensure fintech is sustainable' - a goal Ripple says is 'critical.'

The collaboration with Energy Web Foundation has seen Ripple co-create EW Zero, an open source...

Blockchain patents ‘skyrocketing’ in 2020 with Alibaba leading the way, says study

Blockchain patents are 'skyrocketing' in 2020 with Alibaba by far the leading publisher, according to a new study.

The research, from IP consulting provider KISSPatent, found Alibaba had published 10 times more blockchain-related patents than IBM, in second place, in 2020.

The study came about to better assess the number of blockchain innovations and patents across the spectrum. KISSPatent used multiple methods to identify them, primarily based around a mixture of...

Most cloud-native attacks looking to mine cryptocurrency, report warns

A new threat report from Aqua Security has revealed the majority of attacks analysed on cloud-native infrastructure were for mining cryptocurrency - with a 'growing, organised and increasingly sophisticated' pattern of attacks noted.

The report, from Team Nautilus, Aqua's cybersecurity research unit, detailed a year's worth of attacks observed in the wild, looking at methods used to attack container infrastructure for the first time. The report also highlighted supply chain...

Blockchain-focused venture firm Electric Capital raises $110m in seed and series A fund

Electric Capital, an early stage venture firm which focuses on cryptocurrencies, blockchain and fintech, has secured a $110 million (£84.1m) seed and series A fund, focused on cryptonetworks and blockchain-enabled businesses.

The company, whose bets include Coinlist, CryptoKitties and Oasis Labs among others, said the capital raised - its second fund - will go into five specific areas. These are decentralised finance (DeFi), particularly around insurance and credit scoring;...

Wintermute raises $2.8 million in series A funding for crypto markets

Wintermute, a crypto market maker, has secured $2.8 million in a series A funding round to further its expansion into new liquidity products.

The company, which launched in 2017 and creates liquid and efficient markets for leading crypto exchanges and trading platforms, has the goal of being the 'invisible hand' of the market. Wintermute's proprietary tech stack focuses on high frequency trading, algorithmic trading and market making from traditional financial...

Kirobo claims ‘retrievable’ crypto transaction solution

Meet Kirobo. The Israel-based startup claims its solution can retrieve cryptocurrency that has been sent to the wrong address.

The company aims to add an extra layer of logic to give users and crypto service providers new capabilities. Kirobo 'provides a unique code to every transaction that must be entered by the recipient in order to receive the transfer', the company notes. 'Until the right code has been provided by the recipient, the sender can retrieve the funds at any...