Some early crypto enthusiasts have bailed on the sector, saying the movement has bought into hype without understanding the technology’s limits | Currency News | Financial and Business News

A recent Financial Times Magazine piece interviewed several early crypto superfans who have since become disillusioned. Perhaps the most high-profile display of a crypto backer turning on the space is dogecoin creator, Jackson Palmer. But the most vocal crypto proponents are not deterred. Twitter’s Jack Dorsey says bitcoin will create “world peace.” Sign up here … Read more

PayPal Holdings launches crypto buying and selling in the UK

PayPal Holdings will allow customers in the UK to buy, sell and hold bitcoin and other cryptocurrencies starting this week, the company said on Monday. The roll-out, which marks the first international expansion of PayPal’s cryptocurrencies services outside of the United States, could inspire further mainstream adoption of the new asset class. With over 403 … Read more

A Goldman Sachs managing director has reportedly quit after raking in huge gains from dogecoin | Currency News | Financial and Business News

A Goldman Sachs executive has reportedly quit after making millions of dollars from dogecoin, according to eFinancialCareers. Goldman Sachs and the former employee did not immediately respond to Insider’s request for comment. Sources cited in the report said he may be starting a hedge fund. Sign up here for our daily newsletter, 10 Things Before … Read more