The Office of the New York State Comptroller raised concerns about the Department of Financial Services’ oversight of the cryptocurrency industry. The office released a report earlier this month that highlighted potential risks associated with the state’s BitLicense program, which requires digital asset providers to...
Recent enthusiasm surrounding the cryptocurrency sector apparently hasn’t led to more hiring within the industry. In fact, crypto job posting on LinkedIn fell 57% between December 2022 and 2023, Bloomberg News reported Friday (Jan. 5), citing data from LinkedIn. However, there are signs that things could be turning...
Coinbase plans to purchase a Cyprus-based company to offer cryptocurrency-linked derivatives in the European Union. America’s largest crypto firm announced the plans on its blog Friday (Jan. 5), saying the agreement with the unidentified company would give it access to a MiFID (Markets in Financial Instruments...
Cryptocurrency exchanges Coinbase, Crypto.com and Gemini have implemented risk assessments and finance tests for their users in the United Kingdom. These measures are a response to new regulations set by the U.K. government, which require crypto companies to inform users about the risks associated with trading cryptocurrencies and to advertise...
The investment world seems to be holding its collective breath, waiting for the Securities and Exchange Commission to approve a bitcoin exchange-traded fund (ETF). Whether the approval happens or not, it has helped underpin a rally in bitcoin since the waning months of 2023. The...
NetCents Technology and Worldpay from FIS have partnered to promote the adoption of digital assets like bitcoin, ethereum and stablecoins. The partnership will leverage NetCents Technology’s cryptocurrency payments capabilities and Worldpay’s global payment technology, NetCents said in a Wednesday (Jan. 3) press release. “Our mission is to instill...
Bitcoin rang in 2024 with its price above $45,000 for the first time since April 2022. As Reuters noted in a report Tuesday (Jan. 2), the world’s largest cryptocurrency has seen its fortunes rise as investors hold out hope for the approval of exchange-traded spot bitcoin funds...
As the new year begins, those who are interested in cryptocurrency have a wide array of apps to choose from to help them navigate the world of digital currencies. PYMNTS ranks the apps based on downloads, updates and other factors in the latest Provider Ranking of...
Binance’s ongoing legal and regulatory troubles apparently haven’t hurt its growth. The world’s largest cryptocurrency exchange saw its user base grow by 30% during 2023 with the addition of 40 million customers, the company’s new CEO said in a year-end report Thursday (Dec. 28). “Importantly, we saw a...
