Cryptocurrency

Cryptocurrency
Brazilian Crypto Platform BlueBenx Suspends Withdrawals, Reports $31M Hack
August 14, 2022

Brazilian cryptocurrency investment platform BlueBenx has become the latest crypto company to suspend withdrawals, citing an alleged hack that cost the company over $31 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Cryptocurrency
Tornado Cash Arrest Signals Gathering AML Storm for DeFi Developers
August 12, 2022

The arrest of a Tornado Cash developer in the Netherlands just days after U.S. authorities blacklisted the crypto mixing service for its alleged use by North Korean hackers could have a profound impact on all of decentralized finance. Get the Full Story Complete the form...

Cryptocurrency
46% of Merchants Say They Accept Crypto, but Nonnative Wallets Rule
August 12, 2022

The number of merchants who accept cryptocurrency payments in some form is high, but far and away the most common source of those payments are digital wallets like PayPal and Venmo. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Cryptocurrency
Anchorage Digital, AngelList Partner to Facilitate Investments with USDC
August 12, 2022

Digital asset platform Anchorage Digital and digital asset venture capital firm AngelList have partnered to enable investors to invest with USDC stablecoin.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Cryptocurrency
The Growing Ambitions of Sam Bankman-Fried, Crypto’s Would-Be King
August 12, 2022

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 to receive marketing communications from PYMNTS and...

Cryptocurrency
PYMNTS Cryptocurrency Glossary: Stablecoins
August 11, 2022

Cryptocurrency is a confusing business with a language all its own, in part because it is a genuinely new way of doing business and in part because it was created in large part by programmers and cryptographers, who should never be allowed to name anything regular...

Cryptocurrency
Today in Crypto: S. Korea Financial Watchdog Eye Fast-Tracking Crypto Laws; DOJ Seeks More Oversight...
August 11, 2022

The South Korean finance watchdog is looking at fast-tracking a review of proposals for new crypto laws, a Coindesk report said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Cryptocurrency
Supreme Court Denies Coinbase Request to Intervene in Lawsuits
August 11, 2022

The U.S. Supreme Court has denied a request by cryptocurrency exchange Coinbase to intervene in a pair of lawsuits. 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
UN Agency: Crypto Adoption Threatens Developing Countries
August 11, 2022

The United Nations Conference on Trade and Development (UNCTAD) has warned that cryptocurrency use threatens developing countries’ monetary sovereignty — especially their ability to collect needed taxes — and remedies should include the global coordination of cryptocurrency taxation. Get the Full Story Complete the form...