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PayPal: about $1 billion in crypto assets on its balance sheet According to its quarterly 10-Q report filed with the Securities and Exchange Commission (SEC), PayPal reported holding approximately $1 billion in crypto assets.  Specifically, the company disclosed that it held assets with a total value of $943 million, including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC). Since late last year, PayPal has seen an increase of $339 million in its portfolio of crypto assets. In fact, PayPal’s 10-Q states the following:  “The company maintains internal records of the share of our clients’ crypto assets, including the amount and type of assets each of them owns.” #paypal #BTC #ETH #ltc #bch

PayPal: about $1 billion in crypto assets on its balance sheet

According to its quarterly 10-Q report filed with the Securities and Exchange Commission (SEC), PayPal reported holding approximately $1 billion in crypto assets. 

Specifically, the company disclosed that it held assets with a total value of $943 million, including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC).

Since late last year, PayPal has seen an increase of $339 million in its portfolio of crypto assets. In fact, PayPal’s 10-Q states the following: 

“The company maintains internal records of the share of our clients’ crypto assets, including the amount and type of assets each of them owns.”

#paypal #BTC #ETH #ltc #bch

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Senator Cynthia Lummis opposes the Biden administration's strict regulations on the cryptocurrency sector, criticizing the Department of Justice's labeling of non-custodial software as a money transmission service. 🔒 Lummis believes this designation infringes upon fundamental American property rights and contradicts Treasury guidelines. 💼 She is dedicated to safeguarding individuals' rights to manage their own cryptocurrency assets and strongly disapproves of the administration’s approach to key Bitcoin and decentralized finance (DeFi) principles. 🏛️ Throughout 2023, Lummis criticized the Securities and Exchange Commission’s (SEC) actions against the crypto industry, particularly SEC's controversial Staff Accounting Bulletin 121, which she believes represents regulatory overreach. ⚖️ Lummis supports legal actions favoring crypto companies and called for clear regulatory guidelines for digital assets following Judge Analisa Torres's decision that XRP is not a security. 📜 She introduced the Lummis-Gillibrand bill with Senator Kirsten Gillibrand to clarify the regulatory framework for digital assets like XRP and align their treatment with legal standards. 💱 Meanwhile, Bitcoin’s value fluctuates amid regulatory uncertainties, trading at $57,800 after a minor slump. Senator Lummis’s firm stance and legislative efforts highlight the ongoing debates over digital currency management and government control, underscoring the significant divide between cryptocurrency supporters and federal regulators. #buythedip #fomc #CryptoNews🚀🔥
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MicroStrategy, renowned for its substantial corporate Bitcoin holdings, unveiled 'MicroStrategy Orange,' a decentralized identity system at the 'Bitcoin For Corporations' conference on May 1. 🔶 This innovative system utilizes a unique version of the Ordinals inscription method to embed data directly into Bitcoin's transaction outputs, distinguishing it from other identity solutions reliant on additional networks or sidechains. 🔄 MicroStrategy Orange has the capacity to process up to 10,000 decentralized identifiers (DIDs) in a single transaction, showcasing its scalability for large-scale operations. 📜 An early version of MicroStrategy Orange on GitHub adheres to the World Wide Web Consortium’s (W3C) Decentralized Identifiers (DID) specifications, ensuring secure, enduring, and independent identities solely on the Bitcoin blockchain. 🔐 Comprising the Orange Service, Orange SDK, and various applications, the framework enables secure verification of identities without disclosing personal information, ideal for sectors like healthcare and finance. 🛠️ The Orange SDK empowers developers to integrate identity verification features into existing systems, enhancing security across digital platforms, such as email verification through the 'Orange for Outlook' application. 💼 Despite a reported $53.1 million loss for the quarter, MicroStrategy has seen a 65% increase in the value of its Bitcoin holdings, now totaling about $15.2 billion. 🚀 This strategic shift signifies MicroStrategy's intent to leverage its Bitcoin resources for innovation beyond traditional cryptocurrency investments, potentially revolutionizing digital identity management with universally recognized verification standards. #MicroStrategу #buythedip #BTC #fomc
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