PayPal’s Move Is Good for Crypto Adoption but Not So Much for Profits: Morgan Stanley

There may be more upside for crypto than for PayPal's earnings, researchers wrote.

Spanish Police Arrest Head of Billion-Dollar Crypto Arbitrage Platform on Fraud Allegations

Arbistar 2.0 operator Santiago Fuentes was arrested Wednesday and faces criminal fraud and money laundering charges in Spain.

Bitstamp Names Gemini Alum Julian Sawyer as CEO

Sawyer replaces Bitstamp's founder Nejc Kodrič, now in a "non-executive role."

Hong Kong ‘Exploring’ Collaboration With China on Digital Yuan: Finance Chief

A cross-boundary digital yuan could bring Hong Kong closer to China, Hui said.

CasperLabs Raises $14M From Launch-Day Node Runners

Blockchain startup CasperLabs has banked $14 million from investors who pledged to secure its proof-of-stake Casper network at launch.

New York Lawyers Propose Toolkit for Keeping ‘Decentralized’ Blockchains Honest

Ketsal's "Open Standards" rubric is the latest push to demystify network decentralization in the blockchain space.

PayPal Embraces Crypto, Igniting Market as Mainstream Adoption Inches Closer

PayPal officially confirmed Wednesday it is entering the cryptocurrency market. The payments giant, with 346 million active accounts around the world, pledged to make crypto “a funding source for purchases at its 26 million merchants worldwide.”

Kik Must Pay SEC $5M, Judge Rules, Ending Yearlong Battle Over $100M ICO

Kik will pay $5 million in penalties as part of a proposed settlement with the SEC, which sued the messaging app last year.

FinCEN Fines Bitcoin-Mixing CEO $60M in Landmark Crackdown on Helix, Coin Ninja

Larry Dean Harmon ran the first bitcoin mixing services targeted with criminal allegations by U.S. authorities.