After dumping 10 percent of his shares, the CEO of Overstock sent a letter to investors, assuring them that there is no reason to worry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Blockchain payment network GRAFT has reached a “critical milestone”: the group said that it has received an end-to-end transaction that took under 2 seconds on its network, according to a statement. The system seeks to serve as a “last mile” bridge to link crypto users...
New York State has approved the dollar-linked digital currencies created by Gemini Trust and Paxos Trust, making them the first stablecoins approved by the state’s regulator. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Crypto payments startup Wyre has acquired Hedgy, a venture-backed bitcoin smart contract development firm. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...
The U.S. Securities and Exchange Commission (SEC) announced that it has suspended trading in two investment products that track cryptocurrencies because there is confusion as to whether they are exchange-traded funds (ETFs). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The justice department in Zhongshan, a city in China, is turning to blockchain to keep tabs on parolees, CoinDesk reported. The system was created to constantly track the movements of the parolees. With the technology, law enforcement agencies and community correction staff can take action...
Bruegel, a think tank based in Brussels, is calling for regulation of digital currency exchanges at the European Union (EU) level, as well as more defined rules for initial coin offerings (ICOs), Reuters reported. The news outlet viewed the document, which was prepared for EU...
The headlines swirl around China and cryptos and a crackdown on trading, and even discussing them on social media. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
China is striving to curb cryptos, and speculation -- with nascent adoption of blockchain in financial services and beyond. Might "smart banking" and "smarter shipping" take root?
