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
Japan’s Biggest Bank Plans Yen-Pegged Stablecoins
February 07, 2022

Mitsubishi UFJ Trust, Japan’s largest bank by assets, is planning to issue a stablecoin pegged to the yen under the revised Settlements and Payment System Act taking effect next year, according to Nikkei. Get the Full Story Complete the form to unlock this article and...

Cryptocurrency
DriveWealth Expands Into Crypto Trading Space
February 07, 2022

Brokerage firm DriveWealth, a New Jersey-based FinTech, is getting into cryptocurrency trading, CNBC reported Monday (Feb. 7). 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
SEC’s Request Suggests that Opposition to Bitcoin ETF May Be Fading
February 07, 2022

In what might be a sign that is loosening its opposition, the Securities and Exchange Commission (SEC) has requested public comments on a spot Bitcoin ETF proposal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Cryptocurrency
US House Resubmits Legislation to Simplify Tax Burdens on Crypto Users
February 07, 2022

The two largest cryptocurrencies, bitcoin and ethereum, surged last week as prices increased following a stronger-than-expected U.S. jobs report, Forbes reported Saturday (Feb. 5). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Cryptocurrency
Russia Set to Propose Regulatory Plans for Crypto This Week
February 07, 2022

The Russian government is expected to unveil ways to regulate cryptocurrency by Friday (Feb. 11), according to Bitcoin.com report citing a Russian newspaper. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Cryptocurrency
Crypto Products See High Outflows in January as Investors Head for Less Risk
February 06, 2022

Cryptocurrency investment products were hit with record outflows in January, a report Saturday (Feb. 5) says. 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
Crypto Sector Expected to Spend Over $160M on Sports Sponsorships in ’22
February 06, 2022

At this week’s Super Bowl, expect to see a lot of ads for cryptocurrency. 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 newsletter, PYMNTS...

Cryptocurrency
Today in Crypto: La Haus Sells Colombian House for Bitcoin; JPMorgan’s Asset Management Chief Decries...
February 06, 2022

Michael Cembalest, J.P. Morgan Asset Management chairman of market and investment strategy, said bitcoin’s valuations are “the stuff that dreams are made of” — and he didn’t mean it as a compliment, CoinDesk reported Friday (Feb. 4). Get the Full Story Complete the form to...

Cryptocurrency
Myanmar Planning Digital Currency to Aid Economy
February 04, 2022

The military government of Myanmar is working on establishing a digital currency that would “support domestic payments and boost the economy” by the end of this year, a top spokesman of the State Administration Council told Bloomberg Friday (Feb. 4). Get the Full Story Complete...