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Showing posts with the label bitcoin cash

Citadel, Fidelity-backed EDX Markets delists Bitcoin Cash

Institutional crypto exchange EDX Markets removed Bitcoin Cash from its website after listing BCH at launch. EDX Markets, an institutional crypto exchange backed by Citadel Securities, Fidelity Digital Assets, Charles Schwab Corporation and others, has removed Bitcoin Cash (BCH) from its website, first noted by crypto reporter Colin Wu. In an interview with Digital Assets, Jeanine Hightower-Sellitto, Chief Strategy Officer of EDX Markets, confirmed the removal, saying that “EDX is not currently supporting BCH,” without going into details. As of press time, spokespersons for Bitcoin Cash made no public statements on social media on the matter. You might also like: Citadel-backed EDX Markets chooses Anchorage for crypto custody At launch, Bitcoin Cash was listed in addition to the other three cryptocurrencies Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) available for trading on EDX Markets. Following the listing, BCH price witnessed an extraordinary surge, wi...

PayPal’s crypto holdings increased by 56% in Q1 2023 to nearly $1B

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The lion’s share of the fintech’s held cryptocurrency assets lie in BTC and ETH with $499 and $362 million respectively — up more than 56% since Q4 2022. Financial technology company PayPal recently disclosed its cryptocurrency holdings in a quarterly report filing to the Securities and Exchange Commision (SEC).  Claiming a combined total of $943 million in crypto currency assets as of March 31, 2023, the filing shows a 56% increase over the company’s previous quarter where PayPal disclosed $604 million. PayPal's reported total financial liabilities for this quarter were $1.2 billion, with crypto assets making up 77.9% — up more than 10% from 2022’s reported fourth quarter liabilities. Related: PayPal crypto partner Paxos raises $300M According to the report, PayPal considers its crypto assets a “safeguarding liability” due to the the “unique risks associated with crypto currencies.” The disclosure also indicates that the specific crypto currencies held by the company remain ...