PayPal to allow cryptocurrency buying, selling and shopping on its network

Re:PayPal to allow cryptocurrency buying, selling and shoppi... by spurdoman77 on Wednesday October 21, 2020 @02:52PM (#24850843)

But you need some liquidity? I dont think it is that easy. Never used uniswap or invested in ICOs but to me seems that the golden days of ICO scams are gone. People have either lost their money or learned the lesson.

[ Parent | on HN ]

Re:PayPal to allow cryptocurrency buying, selling and shoppi... by puranjay on Thursday October 22, 2020 @12:26AM (#24854864)

We've now moved on from people naively buying into interesting projects and getting scammed.

Now, people willingly buy into pump & dump schemes, hoping to not be the ones left holding the bags. Just go to r/cryptomoonshots or /biz/ where a new coin is shilled practically every hour and everyone just hopes to ride the pump and dump it on the next round of gullible buyers.

There was a massive wave of food-themed DeFi tokens recently with multiple exit scams.

[ Parent | on HN ]