PayPal Ventures halts operations

PayPal Ventures, the investment arm of PayPal, is halting its business operations after investing in numerous cryptocurrency projects, Fortune reported. According to a source familiar with the matter, the firm now exists in name only, with new investment activities suspended. Its staff has also been reduced from over 10 at the end of last year to just two. Established in 2016, PayPal Ventures has made over 80 investments, including in crypto-related startups like Talos and Anchorage Digital.