PayPal stole users’ money after freezing, seizing funds, lawsuit alleges

Enlarge (credit: Thomas Trutschel/Photothek) PayPal is facing a class-action lawsuit alleging that the digital payments company violated racketeering laws by freezing customer funds without offering an explanation. When users contacted PayPal about the frozen funds , they were told they had violated the particular company’s “acceptable use policy” but weren’t told how that violation had […]


With Apple Pay Later, Apple may take another stab at the PayPal model

Enlarge / Apple Pay on an iPhone and Apple Watch. (credit: Apple) Apple will continue to expand beyond traditional technology projects with a new feature the company is internally calling “Apple Pay Later,” according to a new report in Bloomberg. With Apple Pay Later, users making either retail or online purchases with Apple Pay will […]


Venmo’s new crypto service lets you buy and sell bitcoin, ether, and litecoin

Enlarge / Promotional image of Crypto on Venmo. (credit: Venmo) The PayPal-owned Venmo service will let users buy, sell, and hold bitcoin and other cryptocurrencies within the Venmo app, the company announced today. “Customers will have the ability to buy and sell cryptocurrency using funds from their balance with Venmo, or a linked bank account or […]


Gaming sites are still letting streamers profit from hate

Enlarge (credit: MrLonelyWalker | Getty Images) In today’s attention economy, platforms are megaphones and audiences are income. Shut off the megaphone and the income goes away. Bad guy go bye-bye. Throughout the last year, Twitter, Facebook, YouTube, and beyond have reckoned with their social responsibility not to amplify and monetize hate in what has become […]

Business COVID 19

Bitcoin, Big Tech and crude gain as the focus shifts to more stimulus

This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here. Good morning. U.S. futures are fairly flat, but there are plenty of green shoots. Europe’s energy stocks and crude prices continues to gain, as does Bitcoin. In the U.S., tech futures […]


Crypto Company BitGo touts record Resources as PayPal Price Drops through

Back in October, rumors swirled the PayPal has been not able to get BitGo, among the nation ’s earliest cryptocurrency companies. That deal won’t occur, based on numerous sources, also BitGo is currently charting a new route. While BitGo has existed since 2013, it’s a lower profile compared to companies including Coinbase and Kraken, which […]


PayPal Unites a Significant investment Around’plug-and-play’ crypto Company Paxos

Paxos, a New York-based cryptocurrency company, declared a $142 million Series C financing round on Thursday making it among the largest companies from the fast-growing crypto market. The new form, meaning Paxos has increased more than $240 million in overall, has been directed by investment company Declaration Partners and contained donations from PayPal’s venture arm […]