Brian Brooks, who was performing head of the Office of the Comptroller of the Currency (OCC) underneath the President Donald Trump administration, is now slated to be CEO of Binance.US, one of many world’s largest crypto exchanges, The Wall Street Journal (WSJ) reported.
Brooks will probably be beginning the job May 1. His time on the OCC noticed him dubbed the “CryptoComptroller” on social media after his pleasant angle towards cryptocurrency was made identified, based on WSJ.
In different information, Time journal is among the many long-standing establishments now accepting cryptocurrency as a way of fee, the corporate introduced in a press release.
Subscribers who pay in that method will obtain limitless entry to Time.com content material for 18 months, together with subscriber choices, the discharge said.
“We are thrilled to supply cryptocurrency as a fee choice for our digital subscribers for the primary time,” mentioned Time Chief Technology Officer Bharat Krish within the launch. “Time’s fast digital transformation on behalf of our neighborhood is the results of our dedication to embracing new applied sciences and dealing carefully with progressive corporations like Crypto.com to deliver our concepts to fruition.”
Meanwhile, USMJ now will be capable of settle for cryptocurrencies as a type of fee for its hashish business items, based on a press release.
The currencies presently accepted on USMJ.com embody Bitcoin, Ethereum, Litecoin, Bitcoin Cash, DAI and USDC, the discharge said. Customers can select throughout checkout to pay with a bank card or by way of crypto by means of utilizing Coinbase Commerce as their pockets methodology.
Lastly, Galaxy Digital is in talks to probably buy U.S. crypto custody specialist BitGo, CoinDesk reported, citing unnamed sources.
BitGo, based mostly in Silicon Valley, was additionally in talks to be purchased out by PayPal final yr for as a lot as $750 million, though no deal was reached, based on CoinDesk. Instead, PayPal ended up shopping for one other crypto custody agency, Curv.
Galaxy doesn’t deal with custody, which is a cause it’s excited by BitGo, a regulated crypto custody specialist, CoinDesk reported.
While particulars aren’t closing, a standard monetary agency would possibly find yourself being concerned as nicely, based on CoinDesk.
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NEW PYMNTS STUDY: OPEN BANKING 2021
About The Study: Open banking-powered fee choices have been out there in some markets since 2018, however the pandemic drove many shoppers to attempt these options for the primary time — and there’s no going again. In the Open Banking Report, PYMNTS examines open banking’s rise as retailers and fee providers suppliers worldwide faucet into such choices to supply safe, seamless account-to-account funds.
