PayPal held $604M in Bitcoin and other crypto by the end of 2022
Bitcoin and Ether have the largest share in PayPal’s crypto assets, accounting for $291 million and $250 million in the asset breakdown, respectively. Go to Source Powered by WPeMatico
Investments
Auto Added by WPeMatico
VC Roundup: ZK proofs, DeFi protocol and longevity DAO attract investment
Venture capital deals slowed in the second half of 2022 amid the bear market. However, behind the scenes, blockchain startups continue to build. Go to Source Powered by WPeMatico
US financial regulators warn against crypto exposure in retirement accounts
The financial watchdogs targeted self-directed individual retirement accounts with potential exposure to crypto in a warning to investors. Go to Source Powered by WPeMatico
Avalanche (AVAX) price is up, but do fundamentals support the rally?
AVAX price has been in a strong rally since the start of 2023, but a sustained uptick in its DeFi components is needed in order to sustain the current bullish momentum. Go to Source Powered by WPeMatico
Bitcoin dominates as primary focus for digital asset investors: Report
According to CoinShares, digital asset investment products saw inflows totaling $76 million last week Go to Source Powered by WPeMatico
Value of WisdomTree’s crypto holdings fell 61.9% in Q4
The fund manager’s crypto portfolio has booked a loss in three of the past four quarters, according to recent financial statements. Go to Source Powered by WPeMatico
Bitcoin on-chain data and BTC’s recent price rally point to a healthier ecosystem
Positive signs of Bitcoin’s recovery can be seen in on-chain, spot exchange and futures data. Go to Source Powered by WPeMatico
Cronos Labs to accept second cohort for $100M-backed Web3 accelerator program
The program aims to provide selected projects with upfront seed funding of $30,000 in addition to mentoring, masterclasses and support from industry experts. Go to Source Powered by WPeMatico
Millionaires flock to crypto: 82% sought investment advice in 2022
A recent study from deVere Group found a majority of their clients had asked their financial advisers about adding crypto to their portfolios. Go to Source Powered by WPeMatico
US securities regulator probes Wall Street over crypto custody: Report
The regulator has been probing registered investment advisors over how they’ve been offering crypto custody to their clients, according to sources. Go to Source Powered by WPeMatico