PayPal-owned Venmo made headlines after its announcement it will launch cryptocurrency trading within a few weeks. Venmo has a staggering 70+ million users, all of whom will be able to buy, sell and hold four major cryptocurrencies; Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). The product offering is very beginner friendly with in-app guides and the ability to purchase as little as $1 worth of cryptocurrency.
WeWork, the office-sharing provider worth an estimated $10 billion, announced it is accepting cryptocurrency for payments. None other than Coinbase will be the first WeWork member to pay with cryptocurrency.
Brian Brooks, former Head of the Office of the Comptroller of the Currency, is set to become the CEO of Binance.US and will join the exchange on May 1. Brooks was a former Coinbase executive and told the Wall Street Journal he aims to make Binance.US a robust competitor to Coinbase. He also stated his commitment to compliance: “I wouldn't have taken this job if I didn't have a strong commitment from the board to lead a strong compliance program.”
Webinar: Thursday, 22 April at 9am EST / 2pm BST, hear a live panel on Institutional Mining featuring speakers from Bitfarms, Compute North, Compass Mining, BlockFills, and Bytetree.
Top stories in the Crypto Roundup today:
- Venmo Brings Crypto Trading to its 70+ Million Users
- WeWork Starts Accepting Crypto for Payments
- Binance.US Hires Former Top Banking Regulator as CEO
- Join The Digital Asset Trading and Technology Series panel on Mining this Thursday