Ledger integrates PayPal, FBI seizes $2 million in crypto in three months and Coinbase gets approval for futures
Ledger announces U.S. PayPal integration, lets users buy crypto from within app
Hardware wallet manufacturer Ledger has integrated its Ledger Live software with PayPal, according to an Aug. 16 joint announcement by the two companies. The integration allows U.S. residents with verified PayPal accounts to buy Bitcoin, Ether, Bitcoin Cash (BCH) and Litecoin directly through Ledger Live with no extra verification, the announcement stated.
Ledger Live previously allowed users to buy crypto through partners MoonPay, Transak, Ramp, Simplex, Loopipay and Mercuryo. PayPal is the newest addition to this list.
When a user purchases crypto through PayPal via Ledger Live, it is immediately sent to the user’s wallet, and no “withdrawal” process needs to be initiated by the user, the announcement stated.
Source: Cointelegraph
Coinbase approved to offer Bitcoin futures trading in the US
Coinbase has received approval to offer Bitcoin and crypto futures to investors in the US.
Approval means Coinbase’s US customers now have access to federally-regulated crypto futures trading, according to details the cryptocurrency exchange shared early today.
Coinbase applied for approval from the National Futures Association (NFA), a Commodity Futures Trading Commission (CFTC)-designated self-regulatory organisation in September 2021.
In 2022, it acquired CFTC-regulated futures exchange FairX (renamed Coinbase Derivatives Exchange), with futures contracts on offer including nano bitcoin and nano Ether. These are open to both retail and institutional investors, the latter available from June 5, 2023.
Source: Invezz
FBI seizes almost $2M of crypto assets in three months
A public filing released by the United States Federal Bureau of Investigation (FBI) shows that the law enforcement agency seized around $1.7 million worth of digital assets from March to May.
According to the Filing, the FBI seized $147,000 in Bitcoin, $800,000 in Ether, $307,000 in Tether, $469,000 in Dai and $20,000 in Monero. The assets were confiscated from various sources, including Binance exchange wallets.
In the Eastern District of Virginia, the agency confiscated a total of 428.5 ETH, which is the largest amount seized so far. One of the Ether seizures was worth around $463,000.
Source: Cointelegraph
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