In late July, a Morgan Stanley analyst told clients that they should buy El Salvador’s badly distressed bonds, which have repeatedly been cut deep into junk territory this year over fears of a default and the bitcoin-as-legal-tender experiment. Get the Full Story Complete the form...
Say one thing for algorithmic stablecoins like the one that collapsed in a $48 billion bank-run-style blaze of glory in May: They’re tenacious. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
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Earlier this month, U.K.-based digital bank Revolut was granted authorization by the Cyprus Securities and Exchange Commission (CYSEC) to offer crypto services across the European Economic Area (EEA) which includes Iceland, Liechtenstein and Norway. Get the Full Story Complete the form to unlock this article...
If you’re a long-term believer in cryptocurrency, down markets like the current crypto winter can be less stressful, in some ways, than bull market runs, said Stephen Pair, CEO of crypto payments technology firm BitPay. Get the Full Story Complete the form to unlock this...
Cryptocurrencies have a lot of uses as an investment, as a currency for payments, as a store of value, as well as others. Like any investment, it’s vital to know what you’re talking about and more importantly, what the person trying to sell you something...
Cryptocurrency exchange FTX absorbed the venture capital operations of Alameda Research to combine portions of billionaire co-founder Sam Bankman-Fried’s businesses as crypto prices continue to experience an ongoing decline. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Cryptocurrency deals have come to dominate illicit foreign exchange transactions in South Korea, Bloomberg News reported Thursday (Aug. 24). 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...
Whatever shape countries’ stablecoin regulations finally take will be heavily influenced by several influential international financial organizations that have been encouraging countries to do two things: Act together and act fast. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
