DeFi token CRV spikes after reports PayPal acquired unrelated custody firm Curv

DeFi token CRV spikes after reports PayPal acquired unrelated custody firm Curv

Curve Finance is up nearly 30% in 24 hours after traders rallied into the wrong market in response to news that PayPal may have acquired the crypto custodian, Curv. Excitable speculators mistakenly rushed to invest in the native token of decentralized finance protocol Curve Finance (CRV) after reports emerged that payments giant PayPal has acquired the unrelated Israel-based crypto custody firm, Curv.News of PayPal’s Curv acquisition was reported on March 2, with the publications citing anonymous sources “familiar with the matter.” Israel-based media has reported the company may have been....


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PayPal purchases crypto custody firm Curv

The platform said it plans to complete the acquisition before the third quarter of 2021. Payments giant PayPal has acquired Israel-based crypto custody firm Curv for an undisclosed amount.According to PayPal, the firm purchased Curv as part of its initiative to support cryptocurrencies and digital assets. The platform said it plans to complete the acquisition before the third quarter of 2021, but did not disclose the purchase amount. Israel-based media outlet Calcalist said last week that Curv may have sold for between $200 million and $300 million, with CNBC reporting on Monday that “The....

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Payments giant PayPal will be acquiring digital asset custody provider Curv as it strengthens its new cryptocurrency services.

Curve (CRV) Up 30%: A Still Undervalued DeFi Project?

Curve Finance’s governance token CRV (not to be confused with CURV – recently acquired by Paypal) token has shot up to $2.46 on March 2nd from its monthly low of $1.80. Even with this recent jump, there is much evidence pointing to CurveDAO still having room to increase.  First, what is Curve? Curve describes itself as a place to “exchange stablecoins (DAI to USDC for example) through it with low fees and low slippage.” But […]

Franklin Templeton Join Series A For Institutional Bitcoin Custody Provider Curv

Curv credited a recent announcement from a U.S. Treasury bureau with growing interest in crypto assets from financial institutions. The post Franklin Templeton Join Series A For Institutional Bitcoin Custody Provider Curv appeared first on Bitcoin Magazine.