Welcome to another crypto news roundup from your favorite portfolio tracking and trading platform, Coinigy.
So in our last newsletter, we saw PayPal launch its own stablecoin. And last week, Ledger announced its partnership with the payment giant, allowing you to buy crypto within your Ledger app.
This is a welcome addition and will surely make transactions more seamless.
In other news—well, not really big news since we knew it was coming—Gensler will be appealing the recent court’s ruling on the Ripple case.
I guess they’ve found some loopholes they would like to explore.
Anyway, here are the highlights from last week.
- Binance Connect shutdown due to changing market and user needs
- Ledger announces U.S. PayPal integration, lets users buy crypto from within app
- Judge grants SEC request to file motion for appeal in Ripple case
- Bitcoin-friendly El Salvador sees bonds returns soar to 70% in 2023
Binance Connect shutdown due to changing market and user needs
The decision to close down Binance Connect comes at a time when Binance Coin (BNB) has been experiencing a consistent decrease in value. This decline is taking place concurrently with the emergence of negative funding rates within the cryptocurrency landscape.
Ledger announces U.S. PayPal integration, lets users buy crypto from within app
Hardware wallet maker Ledger has partnered with payments giant PayPal to allow users to buy crypto in its Ledger Live app through their PayPal accounts, the companies announced Wednesday.
Judge grants SEC request to file motion for appeal in Ripple case
The filing comes after Judge Analisa Torres cleared a hurdle on Thursday for the SEC to request a motion to leave to file an appeal. She did not, however, approve the appeal. Earlier this week, Ripple Labs and co-defendants Brad Garlinghouse and Chris Larsen opposed the SEC's request for an interlocutory appeal.
Bitcoin-friendly El Salvador sees bonds returns soar to 70% in 2023
El Salvador paid $800 million in debt at the start of the year before the maturing period, raising the confidence of investors, as President Bukele says “told you so.”