The launch of Australia’s first three Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETF) scheduled for Wednesday has been delayed as a result of further “checks” needing to be completed. The exchange listing the Bitcoin Spot ETF from Cosmos Asset Management, Cboe Australia, released a statement late Tuesday stating that “standard checks prior to the commencement of trading are still being completed” and a “further update will be provided in the coming days.” Cboe issued the same notice regarding two spot ETFs issued by 21Shares also scheduled for launch today, a Bitcoin ETF and an Ether ETF. A representative for …

American fintech giant PayPal Holdings has reportedly confirmed its intent to launch its own stablecoin named PayPal Coin. The development of an in-house stablecoin was first discovered in the source code of Paypal’s iPhone app by developer Steve Moser. Confirming the evidence found on the PayPal app, Jose Fernandez da Ponte, PayPal’s SVP of crypto and digital currencies, told Bloomberg News: “We are exploring a stablecoin; if and when we seek to move forward, we will of course, work closely with relevant regulators.” Moser’s finding uncovered that PayPal is in the works of building PayPal Coin, which will be backed …

Can a stablecoin make Ethereum scalable? Crypto-backed stablecoin Free TON aspires to provide a layer-two solution for Ethereum’s scalability problems. With overloaded Ethereum increasingly choked by slow transaction speeds and widely overinflated gas prices, the Free TON stablecoin will be a “true layer-two solution with immense upside,” TON Labs added. “The application of Free TON’s second layer solution does much to remedy these problems. With the stablecoin, super cheap microtransactions can now be made and in a fraction of the time it would take on the original blockchain.” That in turn opens up a wide variety of new uses, ranging …