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
Crypto Regulation Discussions in Congress Are Becoming More Sophisticated
February 25, 2022

Regulating crypto assets is almost inevitable and lawmakers in Washington D.C. are showing an increased interest and the level of sophistication is rapidly increasing, what is encouraging, Kevin Werbach, professor of legal studies and business ethics at The Wharton School of the University of Pennsylvania told...

Cryptocurrency
From the US and EU to Russia, Crypto Money Laundering Is Under Attack
February 25, 2022

All eyes may have been on Ukraine this week, but in major economies around the world, crypto’s use as a tool for money laundering tool came under renewed attack this week as prosecutors and politicians stepped up the use of criminal charges to fight the...

Cryptocurrency
Today in Crypto: Crypto Market Cap Drops 9% to $1.5T as Russia Attacks Ukraine
February 25, 2022

Russia’s invasion of Ukraine sent the market capitalization of major cryptocurrencies plummeting before they regained most of their lost value as the invasion passed the 24-hour mark.Bitcoin traded at $38,998 at 9 a.m. ET on Feb. 23 on the Coinbase exchange. Bitcoin hit its lowest...

Cryptocurrency
China Court Rules Crypto Transactions ‘Illegal’; Violators Face 10 Years in Prison
February 24, 2022

China’s Supreme Court this week set penalties for violating recent prohibitions against engaging in cryptocurrency transactions. 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 daily...

Cryptocurrency
Ukraine Conflict Leads to $242M Crypto Liquidation
February 24, 2022

Russia’s incursion into the Ukraine early Thursday (Feb. 24) triggered more than $242 million in liquidations in the crypto market. 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
Academic and Economic Experts Debate the Need and Scope of Crypto Regulation 
February 24, 2022

Cryptocurrencies raise potential benefits and risks. They represent a break from the traditional model of so-called “fiat currency,” which gives government bodies inherent regulatory power. Their use offers potential for criminals to escape the oversight of the government, but they also present potential benefits for...

Cryptocurrency
Russia May Turn to Crypto to Go Around US Sanctions
February 23, 2022

The Biden administration is putting new sanctions on Russia over the current Ukraine conflict, trying to cut off foreign capital, The New York Times wrote Wednesday (Feb. 23). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Cryptocurrency
China’s Zhejiang Province Hikes Electric Rates for Crypto Miners
February 23, 2022

The Chinese province of Zhejiang’s branch of the National Development and Reform Commission (NDRC) has said it will introduce punitive electricity prices for crypto miners, CoinDesk reported Wednesday (Feb. 23). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Cryptocurrency
Today in Crypto: Blockchain Platforms Pilfer Big Tech Execs to Build Web3; Crypto Tax Prep...
February 23, 2022

Tech execs from companies like Google or Facebook have been exiting their jobs in favor of crypto companies, CNBC reported Wednesday (Feb. 23). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...