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
Report: FTX Founder Sam Bankman-Fried Considers Miner Acquisitions
July 03, 2022

Crypto exchange FTX US co-founder Sam Bankman-Fried said he would consider making acquisitions among beaten-up crypto mining companies, Bloomberg reported Friday (July 1). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Cryptocurrency
Despite Downturns, Central African Republic President Champions Crypto
July 03, 2022

The Central African Republic was the first country in Africa and the second in the world to make bitcoin an official currency, and its president has said crypto can help bolster financial inclusion, Reuters reported Sunday (June 3). Get the Full Story Complete the form...

Cryptocurrency
Uber Eats’ BitPay Integration Allows Users to Pay With Crypto
July 03, 2022

The BitPay Card can be used anywhere Mastercard can be used, including with DoorDash and Uber Eats, according to a post on BitPay’s blog. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Cryptocurrency
EU Agreement on Crypto Regulation Limits Stablecoins, Leaves Out NFTs and DeFi
July 01, 2022

At the 11th hour, on Thursday June 30, the last day of the French presidency of the Council of the EU, members of the European Commission, the EU Parliament and the Member States reached an agreement on landmark legislation to regulate crypto assets and service...

Cryptocurrency
Today in Crypto: OneCoin Founder Ruja Ignatova Added to FBI’s Most Wanted List; Report: FTX...
June 30, 2022

The founder of OneCoin, Ruja Ignatova, is now on the FBI’s Ten Most Wanted list after she allegedly defrauded over $4 billion from investors, CoinDesk reported Thursday (June 30). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Cryptocurrency
US CFTC Charges South African With $1.7B Bitcoin Fraud
June 30, 2022

The federal Commodity Futures Trading Commission on Thursday (June 30) filed a civil enforcement action in the U.S. District Court alleging Cornelius Johannes Steynberg of Stellenbosch, Western Cape, Republic of South Africa, and his company, Mirror Trading International Proprietary Limited (MTI), with perpetrating a $1.7...

Cryptocurrency
Bank of America Has Lost Half of Its Active Crypto Users
June 30, 2022

The number of active cryptocurrency users at Bank of America has been cut in half due to the prolonged rout in the market, Bloomberg wrote Thursday (June 30). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Cryptocurrency
CryptoRefills Adds EUROC Stablecoin Support
June 30, 2022

CryptoRefills announced Thursday (June 30) that it is adding Circle’s new euro-backed digital currency, EUROC, to its list of supported cryptocurrencies.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Cryptocurrency
CFTC Director Tells Congress the Agency Is Ready for More Crypto Oversight
June 30, 2022

Sens. Cynthia Lummis and Kirsten Gillibrand introduced June 7 the Responsible Financial Innovation Act, a bipartisan bill that will create a complete regulatory framework for digital assets. One section that caught the attention of many observers is that the bill assigns regulatory authority over digital...