Utah and Colorado are now the only states still on board with accepting cryptocurrency as payment for local taxes as deep declines in the marketplace prompt other lawmakers to shelve plans for now, Bloomberg reported Tuesday (July 5). Get the Full Story Complete the form...
Gaining new customers and eliminating middlemen are the top two reasons why merchants are interested in accepting cryptocurrency or expanding their cryptocurrency payments options, according to “Paying with Cryptocurrency,” a PYMNTS and BitPay collaboration based on a survey of 2,334 consumers and 202 merchants. Get...
England’s central bank says that a recent $2 trillion drop in the value of cryptocurrencies shows the market needs stricter regulations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Payments platform Wirex is introducing Wirex Credit for loans backed by cryptocurrency that enable users to borrow up to $100,000 in stablecoins, with a loan to value (LTV) of up to 80%, according to Tuesday (July 5) press release. Get the Full Story Complete the form to...
The European Central Bank (ECB) is concerned about the different crypto regulations across EU member states, and it will urge them to harmonize the different rules until the Markets in Crypto Asset Regulation (MiCA) becomes law and it is fully implemented. Get the Full Story...
Digital asset investment firm CoinShares is acquiring Napoleon Asset Management, one of the first ever digital asset managers, CoinShares announced Monday (July 4). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Crypto lender Vauld, which is backed by both Coinbase and investor Peter Thiel, has suspended withdrawals, citing the crisis on the digital asset market, the Financial Times reported Monday (July 4). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
In response to a question about whether the Monetary Authority of Singapore (MAS) will introduce more restrictions on cryptocurrency trading platforms, senior minister Tharman Shanmugaratnam has said there could be more safeguards in the future. Get the Full Story Complete the form to unlock this...
Babel Finance, a cryptocurrency firm that is bending under the weight of significant debt, is looking to hire U.S. restructuring specialist firm Houlihan Lokey, CoinDesk reported Friday (July 1), citing anonymous sources. Get the Full Story Complete the form to unlock this article and enjoy...
