PayPal USD is backed by U.S. dollar deposits, short-term Treasurys and similar cash equivalents.
Bitcoin is up 82% since Dec. 31, beating the Nasdaq 100 tech index's 19% gain.
Regulators are looking into FTX's relationships with investment advisers.
Crypto billionaire Changpeng “CZ” Zhao further outlined his plans to backstop the stricken industry.
After a series of highly public collapses in exchanges and lending programs, crypto suffers from a crisis of confidence.
Genesis took the action after facing what it described as “abnormal withdrawal requests.”
Voyager had already joined several other crypto firms in restricting trading and withdrawals.
The SEC has also launched multiple probes into initial coin offerings.
He bought ethereum classic at 50 cents per coin. It has turned out to be a great bet.
The company is developing blockchain technology for financial institutions.
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