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PayPal Co-Founder Brought on to Help Blockchain Startup

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Published on:
May/04/2018

Origin Protocol, a blockchain-based sharing economy startup, has named Yu Pan as a research and development engineer.  Pan was a co-founder of PayPal.

“For financial startups, I’ve always looked for something that can create a seismic shift in the way commerce is done – I believe Origin Protocol can be one of those,” Pan told CoinDesk via e-mail.

This news comes as cryptocurrency Ripple added a new member to its RippleNet blockchain network.  An Oman bank, BankDhofar,  joined the network in an effort to tap into Ripple’s blockchain technology for cross-border payments.

MORE CRYPTO NEWS

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In an open group Q&A session with tech entrepreneur Wang Feng on WeChat on Thursday, Cai revealed that he moved to increase his portfolio in bitcoin over the first quarter of 2018 when the cryptocurrency price had dipped substantially.  

Soon after December's record high round $20,000, the price of bitcoin fell below $6,000 in February, before climbing again to over $9,700 at press time. According to CoinDesk's Bitcoin Price Index, Cai's holdings are now worth around $96 million.

Bitcoin Price Challenges $10K Amid Bullish Sentiment, Ethereum Reclaims $800

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- Aaron Goldstein, Gambling911.com

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Bitcoin Creator Craig Wright 100% Satoshi Nakamoto Says Miami Jury: Responds to Verdict (LIVE STREAM)

It's official!  Dr. Craig Wright is Satoshi Nakamoto, founder of Bitcoin!!!

Bitmart Suspends Withdrawals Following Apparent $200K Hack

Bitmart Suspends Withdrawals Following Apparent $200K Hack

Customers of the cryptocurrency exchange Bitmart fear the worst after it confirmed a $150K hack Saturday night.  Blockchain security and data analytics firm Peckshield estimates that the loss is closer to $200 million however.

BitMart Exchange Hacked, Reportedly Loses $196 Million

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One of the most devastating digital currency exchange hacks on record occurred late Saturday night as Bitmart reportedly lost some $196 million in various cryptos.

Jurors in Kleiman-Wright Case Worried Over Job Terminations

"Can we please get letters for our employers to let them know this is going to keep going"...

Ayre Predicts Mistrial in Kleiman-Wright Case

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"Plaintiff could not meet the burdon of proving their case because only Craig is Satoshi and this is what came out in court," Ayre notes.

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