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
BIS: Cross-Border Crypto Payments Need New Regulatory Framework
May 20, 2022

It’s been widely acknowledged that blockchain can dramatically cut the cost, speed and complexity of cross-border payments. 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 to our...

Cryptocurrency
NFT Weekly: After Stablecoin Collapse, Morgan Stanley Warns NFTs Could Be Next
May 20, 2022

With the entire crypto market still reeling from stablecoin TerraUSD’s $45 billion collapse, Morgan Stanley warned this week that NFTs could be next in line. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Cryptocurrency
Crypto Craze No Easy Lift for Curious Businesses
May 20, 2022

As a business, accepting crypto is harder than it should be. The technology is different, but that’s nothing new. 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...

Cryptocurrency
Commerce Department Seeks Public Comment on US Crypto Framework
May 19, 2022

Following President Joe Biden’s executive order on digital assets announced in March, the Secretary of Commerce and other relevant agency heads have been directed to work together on a framework to boost competitiveness in digital assets. Get the Full Story Complete the form to unlock...

Cryptocurrency
Coinbase Cuts Down on AWS, Other Services to Trim Costs
May 19, 2022

Coinbase, facing declining revenues, is putting a pause on new business projects, a report from The Information said Thursday (May 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Cryptocurrency
Today in Crypto: US Lawmakers Question Lobbyists Over Stablecoin Fall; Miners Mull Exiting NY Over...
May 19, 2022

In crypto news, the industry is hurrying to respond to concerns by U.S. lawmakers about stablecoins after the UST collapse, Reuters wrote. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Cryptocurrency
Crypto Regulation Weekly: TerraUSD’s Collapse Raises Alarms Worldwide
May 19, 2022

The 800-pound gorilla in any conversation about crypto regulation this week was the $45 billion de-pegging and collapse of the TerraUSD stablecoin. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Cryptocurrency
Barclays Analyst Wary Outflows May Put Stablecoins on Shaky Ground
May 19, 2022

Barclays analyst Joe Abate says fully collateralized stablecoins might not be any different from algorithmic ones like the collapsed Terra UST coin in terms of risks, Bloomberg reported Thursday (May 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Cryptocurrency
Sam Bankman-Fried’s FTX Aims to Become the ‘Everything App’
May 19, 2022

FTX, the second-largest cryptocurrency exchange, is looking to expand “across all asset classes” as it launches a stock trading feature that will accept payments in some stablecoins as well as U.S. dollars. Get the Full Story Complete the form to unlock this article and enjoy...