Cryptocurrency

A cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.

(source: en.wikipedia.org)

Cryptocurrency
El Salvador Forges Ahead With Crypto Regulation
November 23, 2022

Legislators in El Salvador are considering a bill that would regulate digital securities, a sign the Central American nation is proceeding with plans to issue bonds backed by bitcoin even as citizens turn away from the country’s crypto experiment. Get the Full Story Complete the...

Cryptocurrency
ASIC: Block Earner Ran Unlicensed Crypto Investments
November 23, 2022

The Australian Securities and Investments Commission (ASIC) has sued the FinTech company Block Earner for allegedly offering cryptocurrency investments without a license. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Cryptocurrency
Starling Bank Reminds Customers It Is Cracking Down on Crypto
November 23, 2022

Months after announcing it would steer away from digital assets, United Kingdom neobank Starling Bank has increased its anti-cryptocurrency campaign. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Cryptocurrency
NY Governor Signs Law Pausing Some Crypto Mining for 2 Years
November 23, 2022

In a law that is said to be the first of its kind in the United States, New York has imposed a two-year moratorium on some forms of cryptocurrency mining. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Cryptocurrency
SBF Blames ‘Oversight Failure’ in Apology to FTX ‘Family’
November 23, 2022

FTX founder Sam Bankman-Fried says his own lack of oversight helped lead to the demise of the company. 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...

Cryptocurrency
Partnerships Take the Guesswork out of Merchants’ Crypto Acceptance
November 23, 2022

With FTX dominating digital currency headlines and bitcoin and stablecoin prices gyrating, Daniel Escobar, chief technology officer of crypto tax service provider ZenLedger, said it’s important to look beyond the present turmoil in the digital asset space and accept what he called cryptocurrencies’ long-term destiny...

Cryptocurrency
Sens. Warren and Durbin Seek Explanation From FTX’s Sam Bankman-Fried
November 22, 2022

The developments around the collapse of FTX justify concerns that the crypto industry “is built to favor scammers,” U.S. Sens. Elizabeth Warren, D-Mass., and Dick Durbin, D-Ill., said in a letter sent to the current and former CEOs of the crypto exchange.  Get the Full Story...

Cryptocurrency
Crypto Brokerage Genesis Tries to Raise Funds and Eyes Bankruptcy
November 22, 2022

Cryptocurrency brokerage Genesis has reportedly said it may file for bankruptcy if it doesn’t raise at least $1 billion in new funding.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Cryptocurrency
Sequoia Capital Loses $150M in FTX Collapse
November 22, 2022

Venture capital (VC) firm Sequoia Capital has apologized to its investors for its loss in the fallen cryptocurrency exchange FTX and said it will step up its due diligence for future investments.  Get the Full Story Complete the form to unlock this article and enjoy...