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 York Fed Says Stablecoins Pose Threat to Financial System
October 03, 2022

The volatility of digital assets has been largely confined to the digital ecosystem and has had little effect on the traditional financial system. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Cryptocurrency
Retail Transactions Boost Crypto Adoption in Sub-Saharan Africa
October 03, 2022

A recent analysis of global cryptocurrency transactions by Chainalysis sheds light on the unique nature of Sub-Saharan Africa’s crypto market, which represented just 2% of global activity between July 2021 and June 2022. Get the Full Story Complete the form to unlock this article and...

Cryptocurrency
Eco, Zero Hash Team to Offer USDC Financial Services
October 03, 2022

Consumer finance app Eco has joined forces with Zero Hash — a crypto-as-a-service infrastructure provider — to offer stablecoin-powered financial services to customers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Cryptocurrency
Coinbase Payments Outage Compounds Crypto Market’s Confidence Challenge
October 03, 2022

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Cryptocurrency
SEC Sounds Alarm on Crypto Endorsements With $1.3M Kim Kardashian Fine
October 03, 2022

The Securities and Exchange Commission’s celebrity crypto touting campaign reached the A-list on Monday (Oct. 3), as Kim Kardashian agreed to a $1.26 million fine. She also “disgorged” $260,000, including her $250,000 fee, plus interest. Get the Full Story Complete the form to unlock this...

Cryptocurrency
Today in Crypto: Eco to Convert Balances From Dollars to USDC; Crypto Neobank Juno Raises...
October 02, 2022

Eco, a FinTech savings and spending app, plans to convert its users account balances to a U.S. digital currency that then will be Zero Hash, CoinDesk reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Cryptocurrency
Celsius Founder Reportedly Withdrew $10M in Weeks Before Bankruptcy
October 02, 2022

Celsius Network founder Alex Mashinsky withdrew $10 million from the cryptocurrency lender in the weeks before the company froze customer accounts and unraveled on its way toward seeking bankruptcy protection. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Cryptocurrency
Programmable Money’s Private Problem
September 30, 2022

Programmable money has become one of the latest buzzwords as people talk about the rise of cryptocurrencies that are actually used for payments — like privately issued stablecoins — or central bank digital currencies like a digital dollar or euro. Get the Full Story Complete...

Cryptocurrency
Report: CFTC Files Complaint Against Digitex Head Adam Todd
September 30, 2022

The Commodity Futures Trading Commission (CFTC) has reportedly charged Adam Todd, the founder of the cryptocurrency exchange Digitex, with running an illegal crypto derivatives trading platform, failing to implement required know-your-customer (KYC) practices and attempting to manipulate the price of Digitex’s native token called DGTX....