Cryptocurrency

Cryptocurrency
BitPay Hires Lawyer Allison Raley as Compliance Chief
June 14, 2022

Cryptocurrency payment firm BitPay hired Allison Raley to the position of general counsel and compliance chief, replacing Eden Doniger, who left BitPay in April. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Cryptocurrency
SEC’s Gensler Says Most Crypto ‘Likely to Fail’
June 14, 2022

Federal Securities and Exchange Commission Chairman Gary Gensler on Tuesday (June 14) repeated his warnings that the crypto world is full of high-risk investments and that crypto tokens fit the category of assets that must be sold by registered entities. Get the Full Story Complete...

Cryptocurrency
Collapse May Slow Crypto’s Payments Mainstreaming — But Won’t End it
June 14, 2022

How the fast-growing number of new crypto buyers who aren’t seriously invested, emotionally and financially, will react to the market’s collapse and respond is still a big unknown, particularly as everyone who bought crypto over the last 20 months or so is underwater. Get the...

Cryptocurrency
For Coinbase, Crypto Winter Is Here
June 14, 2022

Top cryptocurrency exchange Coinbase’s stock is crumbling faster than bitcoin as crypto winter hits the one-time Wall Street darling. 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...

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Super Bowl Curse Comes for Crypto as Layoffs Mount
June 14, 2022

The NFL’s 2000 championship game was named the “Dot-Com Super Bowl” when some 20 of its hugely expensive ads were bought up by tech companies — several of which were defunct by the time the game aired — that didn’t survive the 2001 crash. Get...

Cryptocurrency
Coinbase Cuts Staff by 18% Ahead of ‘Crypto Winter’
June 14, 2022

Coinbase will cut 18% of its full-time positions as the cryptocurrency exchange is faced with a precipitous drop in both its stock price and the digital currencies it monitors, according to a CNBC report Tuesday (June 14) that cites an email sent to employees. Get...

Cryptocurrency
Bitcoin Plummet Triggers $1B in Margin Calls 
June 14, 2022

About $1 billion guaranteed by some 260,000 market investors was liquidated due to margin calls in the past 24 hours, according to data from CoinGlass, the Wall Street Journal reported on Tuesday (Jan. 14). Get the Full Story Complete the form to unlock this article...

Cryptocurrency
Russian Lawmakers Consider Bill to Ban Crypto Payments
June 13, 2022

The lower house of Russia’s parliament is considering legislation that would bar crypto platforms from hosting purchases with crypto assets, Bitcoin.com reported. 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: TerraUSD Investors Sue Binance.US Over Losses; BlockFi to Lay Off 20% of...
June 13, 2022

An investor in the doomed Terra blockchain ecosystem filed a federal lawsuit seeking class action status and naming, among defendants, Binance.US, Bloomberg reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...