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
UK’s Financial Services Bill Will Make Stablecoins a Form of Payment 
July 21, 2022

Stablecoins may soon be part of the monetary system in the U.K. if the new Financial Services and Markets Bill is approved in Parliament.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Cryptocurrency
Stablecoins, CBDCs Face Big Hurdles Before Knocking Out Fiat
July 21, 2022

Could stablecoins and central bank digital currencies (CBDCs) ever replace fiat? 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...

Cryptocurrency
Telsa Sells 75% of Its Bitcoin Holdings, Adds $936M to Its Books
July 20, 2022

Tesla has converted 75% of its bitcoin purchases into fiat currency in Q2, the company said Wednesday (July 20) in an earnings statement, adding $936 million in cash to the balance sheet. Get the Full Story Complete the form to unlock this article and enjoy...

Cryptocurrency
Crypto Lender Vauld Seeks Protection From Creditors
July 20, 2022

Cryptocurrency lender Vauld Group, which is backed by Peter Thiel’s Valar Ventures and Coinbase Global, has filed for protection after pausing withdrawals. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Cryptocurrency
Today in Crypto: Binance.US Starts Affiliate Program; S. Korea Probes Crypto-Linked FX Transactions
July 20, 2022

Binance.US is touting the rollout of its affiliate marketing program, citing the fact that rival Coinbase has closed its own because of the bear market conditions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Cryptocurrency
US House Panel Aims to Move Stablecoin Bill by Next Week
July 20, 2022

A U.S. House committee could pass down proposed rules regulating stablecoins as soon as next week, including regulations on whether commercial companies could issue the coins. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Cryptocurrency
Crypto Regulation Weekly: Congress Could Challenge Control SEC Seeks With Ripple Suit
July 20, 2022

All in all, this wasn’t a very good week for Securities and Exchange Commission Chairman Gary Gensler’s fight to win regulatory control over cryptocurrencies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Cryptocurrency
‘Bunch of Idiots’: Crypto Pays Steep Price for Due Diligence Delinquency
July 20, 2022

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Cryptocurrency
Today in Crypto: Exchange Crypto.com Launches in Italy; Novogratz Says Current Crypto Instability is ‘Credit...
July 19, 2022

Crypto.com announced Tuesday (July 19) that it has received regulatory approval from Italy’s Organismo Agenti e Mediatori (OAM), which will allow it to distribute its products and services in the country. Get the Full Story Complete the form to unlock this article and enjoy unlimited...