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
New CEO Says FTX’s ‘Complete Failure’ Worse Than Enron
November 17, 2022

Despite 40 years of corporate restructuring experience, John J. Ray said he’s never seen a company as badly run as fallen cryptocurrency exchange FTX. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Cryptocurrency
Brazil’s Crypto Fans Push for New Laws After FTX Fall
November 17, 2022

Brazil’s cryptocurrency sector wants the country to approve legislation providing oversight to their industry, part of a wave of calls for more regulation in the wake of the FTX collapse. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Cryptocurrency
FTX Founder: Filing for Bankruptcy Was Bad Move
November 17, 2022

The founder of fallen cryptocurrency giant FTX says his company’s decision last week to declare bankruptcy was a mistake. 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...

Cryptocurrency
Calls for Stablecoin Regulation Gain Urgency as New Congress Looms
November 16, 2022

The drumbeat for stablecoin regulation grows louder. 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 Today. By completing this form, you agree...

Cryptocurrency
US Lawmakers Hope for Stablecoin Bill This Year
November 16, 2022

Sens. Kirsten Gillibrand, Patrick Toomey and Cynthia Lummis are reportedly working on legislation that would establish regulations for stablecoins and hope to get it in front of Congress before a new session begins in 2023.  Get the Full Story Complete the form to unlock this article...

Cryptocurrency
SBF Spin Machine Sets Cycle to Reputation Wash
November 16, 2022

While FTX’s bankruptcy continues to reverberate across the entire cryptocurrency ecosystem, negatively impacting perception of the entire space, the exchange’s former CEO, Sam Bankman-Fried (SBF), spent the weekend calling contacts in search of new commitments from investors while squeezing in an interview with The New...

Cryptocurrency
FTX’s Celebrity Endorsers Brady, Curry and Others Named in Lawsuit
November 16, 2022

The fallout from the collapse of FTX has reportedly now extended to celebrities who appeared in the cryptocurrency exchange’s commercials.  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
Binance CEO Zhao’s Crypto Recovery Fund Proposal Draws Support
November 16, 2022

Binance CEO Changpeng Zhao’s proposal to form a recovery fund for the crypto industry is reportedly drawing a positive response from firms interested in contributing.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Cryptocurrency
Liquidators Object to FTX Subsidiary’s Bankruptcy
November 16, 2022

Liquidators in the Bahamas dealing with the collapse of crypto exchange FTX say they “reject the validity” of the company’s bankruptcy proceedings in the U.S. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...