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
The Battle of Stablecoins vs. CBDCs Is Really Two Smaller Wars Also Fighting Each Other
December 17, 2021

Looking back at just this week, it’s evident that the fight between stablecoins and central bank digital currencies (CBDCs) is alive and well. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Cryptocurrency
Circle Expands Access to Crypto Yield Service
December 16, 2021

Circle announced Wednesday (Dec. 15) that the company is expanding the access to its Circle Yield cryptocurrency yield service, opening it up to qualified businesses at a minimum allocation of $100,000 in digital currency. Get the Full Story Complete the form to unlock this article...

Cryptocurrency
Circle Launches USDC-Based Tornado Relief Fund
December 16, 2021

The internet finance platform Circle and Endaoment have joined forces to create a USDC-based disaster relief fund to help victims of last week’s deadly tornadoes in the midwest. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Cryptocurrency
Russian Central Bank Might Ban Crypto Investments 
December 16, 2021

The Central Bank of Russia is talking to financial market leaders and industry experts about a potential ban on cryptocurrency investment to stem the tide of financial instability with increased use of digital currency, according to a Reuters report Thursday (Dec. 16). Get the Full...

Cryptocurrency
Thai Central Banker ‘Red-Lines’ Crypto Payments as Digital Baht Pilot Looms
December 16, 2021

Thailand is moving rapidly toward testing a central bank digital currency (CBDC) and does not want any private competition in the payments sector. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Cryptocurrency
2021 Crypto Scams Top $7.7B, Fueled by DeFi-Friendly ‘Rug Pulls’
December 16, 2021

When South Africa-based cryptocurrency exchange Luno discovered that many of its clients were being targeted by a project that promised investors returns so large that it was almost certainly a fraud, it did something that seems like basic common sense for any financial firm: It...

Cryptocurrency
Fed Chair Powell Says Cryptos ‘Risky’ but Not Cause for Concern
December 15, 2021

Federal Reserve Chairman Jerome Powell said in a press conference on Wednesday (Dec. 15) that he doesn’t think cryptocurrencies are a concern for financial stability, calling them “really speculative assets,” per a MarketWatch report. Get the Full Story Complete the form to unlock this article...

Cryptocurrency
VCs Are Pouring Billions Into Crypto … Where Should it Go?
December 15, 2021

As of Dec. 1, venture capital has poured more than $27 billion into cryptocurrency and blockchain start-ups — and that’s before institutional bloker NYDIG announced it had raised a unicorn round of $1 billion on Tuesday (Dec. 14) and Crypto Bank Anchorage said Wednesday it...

Cryptocurrency
UK’s Ramp Raises $52.7M, Aims to Be the PayPal of Crypto
December 15, 2021

In the same way PayPal revolutionized online person-to-person (P2P) payments and eCommerce, Ramp is looking to have the same impact with its cryptocurrency payment infrastructure platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...