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
Today in Crypto: Belgium Eyes Guidelines for Crypto as Security; Voyager Expects Account Holders Won’t...
July 06, 2022

Binance has resumed crypto deposits and withdrawals in Brazilian reals using Pix, the government payment system, as of this week, Coindesk wrote Wednesday (July 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Cryptocurrency
Crypto Regulation Weekly: EU’s Landmark MiCA Legislation Hits Stablecoins Hard
July 06, 2022

The European Parliament and European Commission wrapped up negotiations on the EU’s landmark Markets in Crypto Assets (MiCA) regulation bill. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Cryptocurrency
Voyager Digital Bankruptcy Hints at Crypto’s Shaky Foundations 
July 06, 2022

The implosion of crypto lender Voyager Digital — which filed for bankruptcy protection on Wednesday (July 6) — begs the question as to when, or even whether, cryptocurrency truly will have a place within commerce. Get the Full Story Complete the form to unlock this...

Cryptocurrency
MoneyGram, Stellar Integrate Wyre With Crypto-to-Cash Conversion Service
July 06, 2022

Cryptocurrency infrastructure provider Wyre has integrated with digital payments platform MoneyGram’s global on- and off-ramp service for digital wallets that debuted last month on the Stellar Network, according to a Wednesday (July 6) press release. Get the Full Story Complete the form to unlock this...

Cryptocurrency
Crypto’s Celebrity Endorsements Attract Customers, Repel Critics
July 06, 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
Reckless Crypto Lending, Opaque Operations Paved Voyager Digital’s Path to Bankruptcy
July 06, 2022

A $500 million line of credit couldn’t save crypto brokerage Voyager Digital from 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 newsletter, PYMNTS...

Cryptocurrency
Crypto Lender Voyager Seeks Chapter 11 Protection
July 06, 2022

Crypto lender Voyager filed for Chapter 11 bankruptcy protection a week after halting withdrawals and two weeks after getting a $485 million bailout from FTX founder Sam Bankman-Fried’s firm Alameda Research. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Cryptocurrency
Today in Crypto: Nexo Plans to Buy Vauld; UK Explores DeFi Taxation
July 05, 2022

Nexo, the cryptocurrency lender, said it plans to buy troubled fellow lender Vauld, showing how a consolidated crypto industry might look, Reuters wrote Tuesday (July 5). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Cryptocurrency
El Salvador Weekly: President Bukele’s Bitcoin Policy Is ‘Magical Thinking’
July 05, 2022

Giving Salvadoran President Nayib Bukele the courage of his convictions, bitcoin’s collapse below $20,000 from its November high of nearly $70,000 hasn’t dimmed his enthusiasm one bit. Bukele announced on Twitter on June 30 that the country had bought another 80 bitcoins at $19,000 each,...