Cryptocurrency

Cryptocurrency
UK Wants Crypto Companies, Not Criminals, Digital Minister Says
June 15, 2022

The U.K.’s digital minister is stressing his government’s wish to make the country a worldwide hub for cryptocurrency activity, even as he expressed caution about illegal activity. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Cryptocurrency
Binance to Hire 2,000 Amid Wave of Crypto Layoffs
June 15, 2022

While other cryptocurrency companies are cutting staff, crypto exchange Binance said Wednesday (June 15) it was hiring for 2,000 positions. 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
Is Tether Stablecoin Due for $80B Day of Reckoning?
June 15, 2022

Tether’s day of reckoning could be approaching, and if the top stablecoin issuer cannot calm years-long doubts about the state of the cash reserves backing its dollar peg, an $80 billion run could be coming. Get the Full Story Complete the form to unlock this...

Cryptocurrency
Crypto Crisis Evokes 1998 Hedge Fund Crash that Crippled Market
June 15, 2022

When a top investor with a deep hedge fund background says the tumbling cryptocurrency market is starting to feel “a little bit like a Long Term Capital Management moment in crypto,” you know there’s the potential for a rout to turn into a panic. Get...

Cryptocurrency
EU Commissioner Urges Parliament to Adopt Crypto Rules to Protect Consumers 
June 15, 2022

Mairead McGuinness, EU’s Commissioner for financial services, told members of the European Parliament (MEP) on Tuesday 14 that given the recent developments in the crypto space, passing the Markets in Crypto Assets (MiCA) regulation is urgent as these rules will be “the right tool to...

Cryptocurrency
Financial Watchdog FINRA is Hiring to Expand Crypto Resources, Monitoring
June 14, 2022

One of the agencies tasked with monitoring the behavior of stockbrokers and other Wall Street professionals is trying to capitalize on the sudden unemployment of thousands of cryptocurrency workers, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Cryptocurrency
Today in Crypto: NFT-Focused Startup Raises $10.3M; Crypto Watchdog Formed
June 14, 2022

ScienceMagic.Studios on Tuesday (June 14) announced it has raised $10.3 million from pre-seed investors. The group, according to the company, includes Liberty City Ventures, Digital Currency Group, Coinbase Ventures, Noam Gottesman and Alan Howard. Get the Full Story Complete the form to unlock this article...

Cryptocurrency
Ripple Lawyer Critical of SEC Push to Regulate Crypto
June 14, 2022

The general counsel for Ripple, which provides cryptocurrency and other blockchain-related services for businesses, said in an article published Monday (June 13) that the Securities and Exchange Commission is trying to destroy the crypto industry. Get the Full Story Complete the form to unlock this...

Cryptocurrency
NFT Weekly: Amex, Abra Team Up; Mastercard Targets NFT Sales; Seth Green Buys Back Bored...
June 14, 2022

The digital asset financial services company Abra announced on June 10 that it is launching the first crypto rewards credit card on the American Express network. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...