PayPal explores launch of own stablecoin in crypto push

PayPal is looking into launching its own stablecoin as the company grows its crypto business. The fintech company confirmed the development after evidence of the move was discovered inside its iPhone app. “We are exploring a stablecoin; if and when we seek to move forward, we will, of course, work closely with relevant regulators,” said Jose Fernandez da Ponte, senior vice president of crypto and digital currencies at PayPal.

Crypto prices today: Bitcoin, Ethereum Slides

Bitcoin is currently trading at $41,944, a 0.7% fall over the previous day. Ethereum declined by 0.4% over the last 24 hours to $3,220. Solana has surged 4.5% to $145.9, while Cardano is up 1% to $1.24. The global crypto market cap stands at $1.99T, a 0.70% decline over the previous day.

Rarible launches tool to block ‘risky’ Ethereum NFT sale orders on OpenSea

NFT marketplace Rarible announced that it has launched an order management tool that allows users to identify and cancel questionable sale orders from leading NFT marketplace OpenSea. The announcement comes following news of an exploit on OpenSea that could lead to valuable NFTs being sold for far less than the owner actually intended.

Airbnb could start crypto payments, hints CEO

Airbnb, the popular accommodation-booking platform, is eyeing a pie of the rising user base of digital assets. The company’s CEO Brian Chesky has said that the top feature users want Airbnb to launch in 2022 is to be able to pay for bookings in cryptocurrency. The demand was revealed during a Twitter survey he conducted recently.

IndiaTech writes to Finance Minister, seeks clarity on crypto tax rules in Budget

IndiaTech has written to Finance Minister Nirmala Sitharaman, seeking clarity on crypto taxation in Union Budget 2022-23. It has appealed to the government to tweak existing tax laws to include crypto assets and sought clarity on the method of taxation and their disclosures. IndiaTech is a group of major leading cryptocurrency exchanges, some of which have recently come under the scanner for evading goods and services tax.