PayPal Enables Crypto Withdrawals To External Wallets – June 8

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$30,472

Bitcoin price continues to oscillate around the $30,000 mark, currently above the key level as the recent range continues.

Top-20 altcoins are mostly up over the last 24 hours, as Ethereum rises 2%, BNB gains 4% and Cardano leads with an 8% advance.

Top Stories for June 8, 2022 🔥

👉 PayPal Enables Crypto Withdrawals To External Wallets

Payments giant PayPal has finally enabled withdrawals on its crypto service – allowing users to transfer coins to external wallets for the first time.

PayPal’s crypto buy-and-sell service has been active since October 2020 for US users, however did not allow users to withdraw assets from their PayPal wallets until now. Users can now transfer Bitcoin, Ether, Litecoin and Bitcoin Cash that they have purchased on the platform.

The move comes following PayPal being granted a full BitLicense from the New York Department of Financial Services (NYDFS).

👉 Citadel Securities To Launch “Crypto Trading Ecosystem” With Virtu Financial

US trading firm Citadel Securities is currently building a “cryptocurrency trading ecosystem” in partnership with market-making company Virtu Financial.

Sequoia Capital and Paradigm are also behind the project – which aims to “create more efficient access to liquidity for digital assets.” Citadel Securities is the sister company of Citadel – the infamous hedge fund giant.

👉 Litecoin Delisted By Major South Korean Exchanges Following Privacy Upgrade

Major South Korean cryptocurrency exchanges have delisted Litecoin (LTC) following its recent privacy-focused upgrade, citing Anti-Money Laundering (AML) rules.

The rules require exchanges to record data on crypto transactions, which can no longer be adequately carried out after the network’s new Mimlewimble privacy features.

Upbit and Bithumb users have been given around two weeks to withdraw their funds from the exchanges.