πŸš€ Paypal wants to stay ahead of the Curv...so they bought it

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πŸš€ Paypal wants to stay ahead of the Curv...so they bought it

Happy Hump Day, Geckos!

 

Looks like PayPal is pretty committed to expanding its digital services into the crypto foray.

 

Last month, the payments company announced that it would begin allowing clients to buy and sell cryptocurrencies.

 

Now, PayPal is acquiring Curv for $500 million, a crypto custody firm that helps companies transfer and store digital currencies.

 

Seems like we're arms-length away from mainstream crypto adoption!

 

(Editor's note: Curv should not be mistaken for the DeFi token Curve Finance (CRV))

 

In today's news, Ethereum is now available on Amazon's blockchain, Binance takes a piece of Multicoin Capital and capital gains tax looms upon UK's crypto holders.

 
Read on!

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Ethereum Finds Itself In The Amazon jungle

  

Ethereum (ETH) is now available on Amazon's managed blockchain, which means users of Amazon Web Services can set up Ethereum nodes and join the public Ethereum main network.

 

Amazon's fully managed Ethereum service will monitor node health, replace unhealthy nodes and automate Ethereum software upgrades – improving Ethereum's overall infrastructure.

 

Customers will also be able to access secure networking, encryption at rest and transport, secure access to the network via standard open-source Ethereum APIs, and reliable syncs to the Ethereum blockchain.

 
Cointelegraph

Binance Invests In Multicoin Capital

  

Binance has now become a partner at hedge fund Multicoin Capital, which marks the crypto exchange's first investment in an external fund.

 

Multicoin is reputable for its strong track record and unique knowledge of emerging digital assets.

 

Set to be a synergistic investment, Binance and Multicoin Capital will work closely to explore new opportunities for blockchain, including development and market expansion.

 
TheBlockCrypto

UK Budget doomsday for Bitcoin holders?

  

The UK Chancellor of the Exchequer, Rishi Sunak, may introduce a hike to capital gains tax (CGT) through the UK Budget which is slated for release on 3rd March.

 

This has serious implications for crypto holders, as most cryptocurrency holders in the UK are liable to pay CGT when they trade crypto assets.

 

However, there are skeptics who believe that this will not come to pass, especially when increasing tax rates are seen as harsh measures for taxpayers in a pandemic.

 
Decrypt

Second-Layer Solutions

A set of solutions built on top of a public blockchain to extend its scalability and efficiency, especially for micro-transactions or actions. Examples include: Plasma, TrueBit, Lightning Network, and more

 

Learn about other Crypto terms here

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