Payments platform PayPal has so far avoided Bitcoin acceptance and, at least visibly, not considered blockchain for its platform. Now, it has launched an internal blockchain-based employee incentive program. A production of PayPal’s innovation lab, in San Jose, California, the platform took 25 strong team six-months to build and went live this November, according to […]

Billionaire Steven Cohen, the founder of Point72 Asset Management, is reportedly backing a crypto and blockchain-focused hedge fund, Bloomberg reports Friday, July 13. Cohen invested in Arianna Simpson’s cryptocurrency hedge fund, Autonomous Partners, via his private equity firm Cohen Private Ventures, according to Bloomberg’s anonymous source. Point72 Asset Management, whose most recent portfolio value is almost $24 billion, is headed […]

PayPal wrote to a woman who had died of cancer saying her death had breached its rules and that it might take legal action as a consequence. The firm has since acknowledged that the letter was “insensitive”, apologised to her widower, and begun an inquiry into how it came to be sent. The matter came […]