PayPal To Enable Crypto Transfers On Venmo – April 28

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$29,273

Bitcoin price is hovering above the $29,000 mark to begin Friday, leaving the market guessing whether or not it will make another run at the $30,000 level in the near future.

Top-20 altcoins have had mixed performance over the last day of trading, as Ether falls half a percentage point, BNB drops 3%, while XRP gains 2% and Solana leads with a 4% advance.

Top Stories for April 28, 2022 🔥

👉 PayPal To Enable Crypto Transfers On Venmo

PayPal is set to roll out the option for Venmo customers in the US to transfer cryptocurrencies, as well as allowing customers to transfer crypto to external wallets.

PayPal introduced the feature to its platform last year, allowing users to send supported tokens like bitcoin and ether to external wallets. However, the move to open the service to Venmo’s more than 60 million customers comes amid increased scrutiny of the crypto industry in the US.

Despite this, 17% of Americans have invested or traded in cryptocurrency, according to a Pew Research Center survey.

👉 Number Of Bitcoin Held On Binance Reaches Record-High

Data from blockchain analytics firm Glassnode shows that the balance of bitcoin held in Binance’s wallets has increased by over 52,000 BTC ($1.5bn) in the past four weeks, taking the tally to 692,880 BTC.

This increase reverses the outflow that followed the collapse of crypto exchange FTX last year. Some suggest that the rise could be a sign that long-term holdings believe prices might be capped around $30,000, while others suggest that it is due to renewed interest in bitcoin as a hedge against traditional finance.

👉 SEC Chair Gensler Sends More Warnings At Crypto In Twitter Video

Gary Gensler, Chair of the US Securities and Exchange Commission (SEC), has criticised the lack of regulatory compliance in the crypto industry, claiming many crypto platforms are violating securities laws by not registering with the SEC.

He called on platforms offering investment contracts to register with the SEC to protect American investors. Gensler has repeatedly asserted that essentially all crypto assets apart from Bitcoin fall under the classification of securities.

However, some have pointed out that before taking the helm at the SEC, Gensler had a contradictory view of the crypto market.