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
FDIC Probes Voyager Digital Over Account Insurance Claims
July 07, 2022

Voyager Digital marketed its deposit accounts for crypto purchases as safe, but customers might not be afforded the protection they thought because their assets weren’t insured by the Federal Deposit Insurance Corporation (FDIC) in the way they thought, The Wall Street Journal reported Thursday (July...

Cryptocurrency
The Token Economy: Can Micropayments Be More than Microsuccessful?
July 07, 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
Crypto Fundamentals: How Do Exchanges Make Money?
July 07, 2022

Welcome to the first in PYMNTS’ series on the fundamentals of the crypto industry. In it, we’ll be looking at how the market works and doesn’t work, the various firms and players that make it go, and the rules of the road that — ideally...

Cryptocurrency
FTX’s Bankman-Fried Minted Massive Crypto Fortune by Taking (Relatively) Long View
July 07, 2022

Sam Bankman-Fried became one of the richest names in crypto by building a better mousetrap: a stable and customer-focused exchange that grew primarily by word of mouth.  Just how rich is a matter of some dispute. Get the Full Story Complete the form to unlock...

Cryptocurrency
As Crypto Spirals, Experts Make the Case for Slower, Safer Regulation
July 07, 2022

If you ask executives and investors in the blockchain and cryptocurrency industries to describe the current state of regulation, you’d hear things like “desperately needed” and “way overdue.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Cryptocurrency
UK Treasury to Introduce Stablecoin Regulation Within Weeks
July 06, 2022

The U.K. Treasury is planning legislation to establish a regulatory system for stablecoins, to come as early as August, Coindesk reported Wednesday (July 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

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...