💻 PayPal is exploring all things crypto
To enhance support for crypto and blockchain
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Hey Waivly Crew! 🌊 GameStop has officially entered the Web3 space after launching a beta version of its browser-based digital asset wallet. The South Korean police have asked crypto exchanges to freeze Terra’s LFG funds on embezzlement allegations.
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PayPal to explore all possible crypto and blockchain services
Global payment giant PayPal is planning to bring all possible blockchain and cryptocurrency integrations to its services, according to a senior executive at the firm.
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Speaking to Cointelegraph at the World Economic Forum (WEF), PayPal Vice President Richard Nash said the firm is dedicated to adding support for all digital currencies and central bank digital currencies.
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“Just walking slowly in the crypto shield with buys or holds in certain jurisdictions. [...] Looking to work with others to embrace everything we can, whether it’d be the coins that we have today in PayPal digital wallets, private digital currencies or CBDCs in the future,” Nash noted.
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PayPal first launched the ability to buy, hold and sell cryptocurrency in the United States back in 2020, and ever since has continued to expand its cryptocurrency offerings.
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Currently, PayPal allows its customers in the U.S and U.K. to buy, sell and hold Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).
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When asked whether he holds any crypto himself, Nash hinted yes, responding to the question by saying, “I have a lot of things that I’m working on at PayPal, and I like to experience services myself, so I think that’s natural.”
Gamestop launches crypto and NFT wallet
Video game retailer GameStop has launched a digital asset wallet for storing, sending, and receiving crypto and NFTs ahead of the launch of its NFT marketplace later this year.
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A beta version of the non-custodial Ethereum wallet, which is now available as a browser extension from the Chrome Web Store, will also enable transactions on GameStop’s NFT marketplace, which is expected to launch by the end of July.
Similar to other non-custodial wallets, users can access their assets via a private key known only to them. However, the company will track certain user information, including IP address, GPS coordinates, and information related to the user's device, according to their privacy policy.
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The wallet leverages Loopring's ZK-rollup technology to execute transactions, an Ethereum Layer-2 scaling protocol that promises cheaper gas prices and faster transactions than Layer-1.
The Waves
🏒 eBay drops sports NFT collection
🛍️ Balenciaga to accept Bitcoin and Ether payments
🙌 5 highlights from Permissionless 2022
🤔 G7 finance leaders call for crypto regulation
Creator Special
Based in Durham, California, Pack a Punch Gummies takes your favourite gummies and turn them into sweet and spicy Mexican candy.
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Kgshadowz is a casual streamer on Twitch who plays a variety of games ranging from console to pc, including Pokémon Unite, Phasmophobia, and Crash Team Racing Nitro-Fueled.
South Korean police request exchanges to freeze LFG related funds
The Seoul Metropolitan Police are asking crypto exchanges to freeze assets connected to the Luna Foundation Guard, an organization that supports the Terra ecosystem.
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According to a report from local media outlet Naver, the Seoul Metropolitan Police Agency's 1st Cybercrime Investigation Unit recently requested exchanges operating in Korea to "freeze" LFG’s accounts to prevent them from withdrawing corporate funds.
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The police claim that clues have been discovered that may link the organization to embezzlement. It’s important to note, however, that the exchanges are not legally required to freeze the funds, so it’s up to them if they will comply with the police’s request.
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Since the collapse of the Terra ecosystem’s algorithmic stablecoin TerraUSD and its native cryptocurrency LUNA, Terra Labs CEO Do Kwon has remained under suspicion in multiple investigations conducted by Korean authorities.
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Over the weekend, reports emerged claiming that South Korea’s National Tax Service recently ordered Terra Labs, Do Kwon, and other executives to pay a 100 billion won ($78 million) fine for tax evasion penalties. Do Kwon later denied the allegation claiming that they have “no outstanding tax liabilities in Korea.”
Own and secure your crypto with Ledger
If you’re into cryptocurrency and own crypto assets, you need a secure place to store your coins and tokens. You probably already know that you shouldn’t store your crypto on an exchange due to potential hacks, not being solely in control of your crypto’s private keys, and for other reasons, and so a hardware wallet is the way to go and the best option to protect your private keys, therefore, you should make the move to a Ledger wallet.
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Ledger wallets are an extremely secure and premium way to secure, manage, and grow your crypto assets with their Bluetooth-enabled hardware wallets, and easy-to-use app which lets you manage your portfolio on the go. They let you manage multiple assets, buy, sell, grow, and exchange crypto, gain financial freedom by you being in full control and ownership of your private keys, and so much more.
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The wallets are really simple to setup, and to move your crypto over to, so there’s no reason not to secure your assets and take control of your cryptocurrency now and get yourself a Ledger device. You can manage 1800+ coins and tokens directly in the Ledger Live app once you’ve got your device up and running, so you’ll always have your entire portfolio covered.
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