Crypto News

PayPal has added chainlink (LINK) and solana (SOL) to its growing list of supported cryptocurrencies, giving users of both PayPal and Venmo the ability to buy, hold, sell and transfer the tokens directly from their accounts.The move reflects the payments giant’s continued push into the cryptocurrency space after first launching crypto support in 2020. The new tokens will roll out to U.S. users over the next few weeks.“Offering more tokens on PayPal and Venmo provides users with greater flexibility, choice, and access to digital currencies,” said May Zabaneh, PayPal’s Vice President of Blockchain, Crypto, and Digital Currencies, in a press release.The company, which has also launched its own U.S. dollar-backed stablecoin, has last year moved to allow its business clients...

President Donald Trump’s reciprocal tariff unveiling had led to a $5.4 trillion U.S. equities market wipeout in just two days as the S&P 500 index dropped to its lowest level in 11 months and the Nasdaq 100 entered bear market territory.Yet, amidst the chaos, cryptocurrency prices are showing resiliency, with bitcoin (BTC) dropping roughly 6% since the tariffs were unveiled, compared to the Nasdaq’s 11% drop. The broader crypto market, as measured by the CoinDesk 20 (CD20) index, dropped by roughly 4.9% over the same period.To put the sell-off figures into perspective, the total crypto market cap is around $2.65 trillion, according to data from TheTie. In the last 24-hour period, bitcoin dropped 0.3% to $82,619.77, while the broader CD20...

President Trump started a trade war with nearly every country on Wednesday and the stock market tanked. Bitcoin is doing OK, though.Source link

After a successful pilot in which crypto assets were recovered on behalf of an elderly victim, London police are taking the next step.Source link

Last month, the U.S. Treasury Department's Office of Foreign Asset Control delisted Tornado Cash from its sanctions list, months after an appeals court ruled that the watchdog could not designate the mixer's smart contracts.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.Fair windsThe narrativeIn November 2024, a Fifth Circuit Court of Appeals panel ruled that the Treasury Department's Office of Foreign Assets Control (OFAC) couldn't sanction smart contracts tied to crypto mixer Tornado Cash. Last month, OFAC delisted Tornado Cash entirely, though it left developer Roman Semenov on its Specially Designated Nationals list.Why it mattersWhether Tornado Cash could be sanctioned to begin with has been...