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

Venmo Brings Crypto Trading to its 70 Million+ Users

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.

The news was received positively by industry analysts who think this is a big win for crypto adoption given Venmo’s giant user base. There were some critics who were skeptical of the offering as Venmo doesn’t provide users with their private keys so they don’t have full control over their funds. As the crypto maximalist saying goes ‘not your keys, not your coins.’

WeWork Starts Accepting Crypto for Payments

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.

In the announcement WeWork said it will also hold cryptocurrency on its balance sheet as well as pay landlords and third-party partners, with the payments facilitated by Coinbase. “WeWork is giving their customers an innovative payment option that is cheaper and easier than credit cards and taps a community valued at over $2 trillion,” said BitPay CEO Stephen Pair who commented on the news.

Binance.US Hires Former Top Banking Regulator as CEO

Brian Brooks, former banking regulator, 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.”

Brooks was recently the acting Head of the Office of the Comptroller of the Currency (OCC) under the Trump administration. He was dubbed ‘cryptocomptroller’ for his progressive actions towards crypto. Under his tenure the OCC allowed federally chartered banks to hold stablecoin reserves, transact in stablecoins and granted a federal bank charter to crypto bank Anchorage.

Join The Digital Asset Trading and Technology Series live panel on Mining this Thursday

Digital assets have come a long way over the last decade. And yet, their adoption as an institutional asset class is finally beginning to take form. The Digital Asset Trading & Technology Series (DATTs) 2021 is your front-row seat to hear industry experts discuss and debate the evolution of this asset class. Through biweekly live sessions, DATTs will delve into the most pressing opportunities and challenges of the digital asset economy - focusing on prime brokerage, institutional mining, and asset management.

This Thursday, 22 April at 9am EST / 2pm BST,  hear a live panel on Institutional Mining featuring speakers from Bitfarms, Compute North, MicroBT, BlockFills, and Bytetree.

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