With the mass slump in bitcoin making it harder for miners to repay the $4 billion in loans backing their equipment, there could be risks ahead for big crypto lenders, Bloomberg wrote Friday (June 24). Get the Full Story Complete the form to unlock this...
Sopnendu Mohanty, chief FinTech officer with Singapore’s regulator, is praising the leadership of some big crypto firms — saying several leaders like Binance and Crypto.com are “fully committed” to building a sustainable system to solve problems, Bloomberg reported Saturday (June 25). Get the Full Story...
Goldman Sachs is trying to raise $2 billion toward buying the assets of Celsius Network, a distressed crypto lender struggling amid the turmoil in the crypto industry, a Coindesk report said Friday (June 24). Get the Full Story Complete the form to unlock this article...
The government-issued Chivo digital wallet was supposed to be a way to encourage Salvadorans to adopt bitcoin after the government of President Nayib Bukele made the cryptocurrency legal tender. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
It wasn’t exactly an “I told you so,” but Comptroller of the Currency Michael Hsu didn’t mince words either when discussing crypto’s place in the Semiannual Risk Prospective report released Thursday (June 23). Get the Full Story Complete the form to unlock this article and...
Bitcoin’s been on a roller coaster this week, bouncing above and below $20,000, a price that is a line in the sand for the first and biggest cryptocurrency. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Embattled cryptocurrency lender Celsius Network has hired restructuring consultants as it prepares for a possible bankruptcy. 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...
Cryptocurrency exchange FTX is in talks to acquire a stake in crypto lender BlockFi after giving it a $250 million credit line this week, people familiar with the situation told The Wall Street Journal Friday (June 24). Get the Full Story Complete the form to...
Merchants and consumers have had enough experience with cryptocurrencies that they understand the advantages they offer as a payment method. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
