(source: en.wikipedia.org)
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...
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...
Cryptocurrency exchange operator FTX was contemplating a deal to bail out troubled Celsius but ultimately walked away because the crypto lender’s balance sheet added up to a “$2 billion hole,” The Block reported on Thursday (June 30), citing unnamed sources with insider information. Get the...
Banks should be more cautious when setting aside capital to cover risks from unbacked cryptocurrency assets, the Bank of International Settlements’ (BIS’) Basel Committee said in a series of proposals Thursday (June 30). Get the Full Story Complete the form to unlock this article and...
Already active in the U.K., Ireland, and Germany, cryptocurrency exchange Coinbase is seeking additional licenses across Europe in an international expansion move that follows layoffs in the U.S. and fears of an impending crypto winter. Get the Full Story Complete the form to unlock this...
There’s been talk about people buying real estate with cryptocurrency for some time, but a new report from banking giant Citi finds that crypto-backed mortgages have been gaining ground for reasons that suggest loans collateralized by digital assets will have a growing place in the...
EU policymakers agreed on new anti-money laundering (AML) rules for crypto transactions on Wednesday, June 29. The agreement contemplates that for transactions between digital wallet providers, like crypto exchanges, the parties will need to verify customer identities even for the smallest crypto transfer, as it...
With non-fungible token (NFT) sales falling, there are still some digital art stars that have been doing well in spite of the difficulties facing the crypto market, The Wall Street Journal reported Tuesday (June 28). Get the Full Story Complete the form to unlock this...
Embattled crypto fund Three Arrows Capital has been ordered by a court in the British Virgin Islands to liquidate because it has failed to pay creditors, according to multiple U.S. media reports today (June 29). The fund’s management previously acknowledged financial struggles tied to plunging...
