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
Ledgible and FIS Team Up to Bridge the Gap Between Crypto and Traditional Finance
July 05, 2022

FinTech platform FIS and cryptocurrency tax and accounting service Ledgible have joined forces on a partnership the companies said is designed to “bridge the gap between crypto and traditional finance.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Cryptocurrency
Sam Bankman-Fried’s Buyouts Aren’t Stopping Crypto’s Dominoes From Falling
July 05, 2022

Sam Bankman-Fried’s stated goal of stopping a few insolvent crypto lenders from cascading into a failed string of dominoes is starting to look a lot more like bargain hunting. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Cryptocurrency
Crypto Market Derails Digital Currency Tax Payments Acceptance
July 05, 2022

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...

Cryptocurrency
85% of Merchants See Crypto as Path to Gain New Customers
July 05, 2022

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...

Cryptocurrency
Bank of England Calls for Tougher Crypto Rules
July 05, 2022

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...

Cryptocurrency
Wirex Credit Intros Crypto-Backed Loans
July 05, 2022

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...

Cryptocurrency
ECB Says Patchy EU Crypto Regulations Raise Risks
July 05, 2022

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...

Cryptocurrency
Today in Crypto: CoinShares Acquires Napoleon Asset Management; Crypto Lender Vauld Suspends Withdrawals as Customers...
July 04, 2022

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...

Cryptocurrency
Crypto Lender Vauld Suspends Withdrawals as Customers Yanked $200M
July 04, 2022

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...