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
BitPay, Simplex to Offer Fee-Free Crypto Buys in US  
December 20, 2021

Bitcoin payment service provider BitPay is teaming with payment processing gateway Simplex to enable U.S. residents to buy crypto without fees via the BitPay Wallet app using the BitPay debit card, Apple Pay or Google Pay, according to a Monday (Dec. 20) press release.  ...

Cryptocurrency
Global Regulators Could Agree on Crypto Framework in 2022, Says BIS’ Benoît Cœuré
December 20, 2021

Benoît Cœuré, chief of the Bank for International Settlements’ innovation hub (BIS), suggested that financial regulators should agree on a global framework for crypto next year after the rapid growth of decentralized finance, according to the Financial Times. Get the Full Story Complete the form...

Cryptocurrency
RBI Supports a Full Ban on Cryptocurrencies in India
December 19, 2021

The Reserve Bank of India is in favor of a total ban on cryptocurrencies, Economic Times of India writes. 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
Investors Pour Almost $30B Into Crypto Firms in 2021
December 19, 2021

Cryptocurrency has had a big year, with venture capital funds pouring $30 billion into crypto — more than all previous years combined, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Cryptocurrency
Treasury Official Presses Congress to Create Uniform Crypto Framework
December 19, 2021

For stablecoins, the push for new regulation seems to be taking on new urgency, sounding alarm bells over what might be a systemic risk in financial services. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Cryptocurrency
Crypto Added to China’s Blacklist of Short Videos Deemed Taboo
December 19, 2021

Short videos about cryptocurrency are now banned as part of China’s updated blacklist of taboo subjects that include topics like showing sexual content, ridiculing the government, provoking dogmatism, discussing fascism, and anything that questions the country’s ideology, Bitcoin.com reported. Get the Full Story Complete the...

Cryptocurrency
FOMO vs. FUD: Can Banks’ Fear of Losing Customers Overcome the Fear of Crypto?
December 17, 2021

If you ask crypto insiders, many of the bad investment decisions inexperienced cryptocurrency buyers make can be attributed to two different types of fear. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Cryptocurrency
El Salvador’s Chivo Wallet Buffeted by Sanction Threat, Identity Theft and Privacy Problems
December 17, 2021

El Salvador’s Chivo wallet just can’t catch a break. 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 Today. By completing this form,...

Cryptocurrency
75% of Financial Institutions Plan to Expand Support for Cryptocurrencies Over the Next 12 Months
December 17, 2021

Financial institutions (FIs) are preparing for an anticipated surge in the usage of cryptocurrency, and competition among FIs angling to underpin businesses’ cryptocurrency payments is likely to be fierce.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...