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
BlockFi’s $100 Million Settlement With SEC Raises Internal Discussion 
February 15, 2022

The Securities and Exchange Commission (SEC) charged BlockFi with failing to register the offers and sales of its retail crypto lending product on Monday (Feb. 14). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Cryptocurrency
Privacy Coin Monero May Be Facing Security Concerns of its Own
February 15, 2022

As the most effective of the so-called privacy coins, Monero is designed specifically to make it impossible for anyone to trace by breaking the chain connecting one transaction to another. But now, it’s facing a potential crisis on its home front as a growing concentration...

Cryptocurrency
Data: Crypto App Downloads Decline Despite Super Bowl Hype
February 14, 2022

In spite of the surge of Super Bowl ads for cryptocurrency trading platforms, often featuring huge stars, there hasn’t been a flood of new users on the platforms’ apps, Bloomberg reported Monday (Feb. 14). Get the Full Story Complete the form to unlock this article...

Cryptocurrency
Today in Crypto: Singapore’s Temasek Bows Out of Coinbase; Investors Search for Answers in IRA...
February 14, 2022

India cryptocurrency industry representatives met with policymakers from the Finance Ministry to rework parts of the new crypto tax policy, according to a CoinDesk report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Cryptocurrency
RBI Official Likens Crypto to ‘Ponzi Schemes’
February 14, 2022

Cryptocurrencies are like a pyramid scheme and should be banned in India, a deputy governor at the country’s central bank said Monday (Feb. 14). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Cryptocurrency
Crypto’s Influence Shows as Treasury Promises Protection for Miners, Stakers
February 14, 2022

The cryptocurrency industry flexed political muscles it didn’t even know it had in August, when it turned the fight about a comparatively small item in the trillion-dollar infrastructure bill into a battle that eventually led to a last-minute scramble by 99 senators to change the...

Cryptocurrency
‘Crypto Bowl’ Ads Feature FOMO Investing and Low Wattage Stars
February 14, 2022

If the crypto industry has been working hard to overcome public skepticism, the ads companies in it ran in Super Bowl 56 — hyped as the Crypto Bowl — probably didn’t help that much. Get the Full Story Complete the form to unlock this article...

Cryptocurrency
Coinbase Sees Record Visits After Super Bowl Ad
February 14, 2022

Coinbase had to throttle traffic Sunday evening (Feb. 13) after an ad for its cryptocurrency exchange — the largest in America — aired during the Super Bowl and attracted record numbers of visitors. Get the Full Story Complete the form to unlock this article and...

Cryptocurrency
Bitcoin’s Future as a Payments Tool Is Bright, Says BitPay CEO
February 14, 2022

It’s no surprise that Stephen Pair, CEO of crypto payments processor BitPay, thinks that as bitcoin ownership becomes more common, more and more people will be inclined to use it for its original purpose: making payments. Get the Full Story Complete the form to unlock...