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
S Korea Arrests 3 in $3.4B Crypto Trading Scheme
August 11, 2022

Prosecutors in South Korea have arrested three people in an investigation into $3.4 billion in foreign exchange transactions that could be tied to illegal cryptocurrency trading. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Cryptocurrency
Crypto-Related Crime Less Common, Easier to Track, Says Chainalysis
August 11, 2022

Last week, the number of unique cryptocurrency addresses passed the 1 billion mark. 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....

Cryptocurrency
SEC Probes Coinbase on Staking, Asset Classification, Stablecoin Products
August 10, 2022

Coinbase has said it’s being probed by the U.S. Securities and Exchange Commission (SEC) for its staking programs, which lets users earn rewards by holding some cryptocurrencies, according to a filing this week. Get the Full Story Complete the form to unlock this article and...

Cryptocurrency
Today in Crypto: DOJ Charges Iranian in Murder Plot Paid With Crypto; EU Official: NFTs...
August 10, 2022

An Iranian national and member of the Iranian Islamic Revolutionary Guard Corps (IRGC) has been charged with an alleged murder-for-hire plot in which cryptocurrency was involved for payment, a Department of Justice (DOJ) press release said. Get the Full Story Complete the form to unlock...

Cryptocurrency
Senators Warren, Durbin, Whitehouse, and Sanders Ask OCC to Rescind and Replace Cryptocurrency Guidance
August 10, 2022

Several U.S. senators have sent a letter asking the Office of the Comptroller of the Currency (OCC) to cut back previous cryptocurrency guidance in favor of more comprehensive rules, a press release from Warren said.  Get the Full Story Complete the form to unlock this...

Cryptocurrency
PYMNTS Cryptocurrency Glossary: Decentralized Finance or DeFi
August 10, 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 also because it was created in large part by programmers and cryptographers, who should never be allowed to name anything regular...

Cryptocurrency
Crypto Regulation Weekly: Economist Argues Stablecoins Should Be Top of Agenda in US, Europe
August 10, 2022

There’s no area of crypto with a more pressing need for strong and clear regulations than stablecoins. 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...

Cryptocurrency
Ripple Could Buy Assets From Bankrupt Crypto Lender Celsius
August 10, 2022

Blockchain payments firm Ripple is interested in buying assets of bankrupt cryptocurrency lender Celsius Network, a company spokesperson said Wednesday (Aug. 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Cryptocurrency
Plans for Ethereum Spinoff Could Sputter without Backing of Top Stablecoins
August 10, 2022

A pollution-spewing version of the Ethereum blockchain will live on after the main smart contract platform switches to an environmentally friendlier, far more scalable technology next month. Just don’t try to buy anything on it. Get the Full Story Complete the form to unlock this...