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
IMF Warns of ‘Substantial Risks’ in Making Crypto National Currency
August 30, 2021

The International Monetary Fund (IMF) says decisions like El Salvador’s choice to make bitcoin a legal tender as of Sept. 7 and the adoption of other cryptocurrencies as national currencies is fraught with problems and could destabilize a country’s macroeconomic standing. Get the Full Story...

Cryptocurrency
Former SEC Enforcer Says Watchdogs, Crypto Firms Need Open Dialogue on Oversight
August 30, 2021

The common view of the cryptocurrency landscape is that it’s the Wild West — untamed, with speculative activity out of control, and with regulators bearing down, eyeing a new slew of laws and guardrails that must be crafted and implemented post-haste. Get the Full Story...

Cryptocurrency
Cuba Officially Endorses Crypto For Payments
August 27, 2021

Cuba is opening the door to cryptocurrencies, allowing the digital currency to be used for payments in the country after it explores a framework for regulations and licensing, the Associated Press and other news outlets reported on Friday (Aug. 27).  Cuba, cryptocurrencies, payments Get the...

Cryptocurrency
Ethereum Whales Move $500M Across 13 Trades
August 26, 2021

The roller coaster ride of the crypto market prompted whales to transfer over $500 million in Ethereum in 13 unrelated trades on Tuesday and Wednesday of this week, The Daily Hodl reported on Thursday (Aug. 26). Get the Full Story Complete the form to unlock...

Cryptocurrency
Social Media Speed Bump Could Slow Path Of Cryptos’ Main Street Ambitions
August 25, 2021

In the age of social media, anyone, at any time, can rise up to become an influencer. 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
Bitcoin Daily: Blockstream Raises $210M At $3.2B Valuation; El Salvador Preps 200 ATMs For Bitcoin...
August 25, 2021

Bitcoin-related technology purveyor Blockstream has landed $210 million in Series B financing that, according to the company, puts its valuation at $3.2 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Cryptocurrency
Paxos’ Digital Currency To Be Renamed Pax Dollar
August 24, 2021

Paxos has changed its Paxos Standard into the Pax Dollar, or USDP, according to a company blog post. 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...

Cryptocurrency
Stablecoins’ Use Cases Still Emerging As Changes, Regulations Loom 
August 24, 2021

There is continued debate over the role of stablecoins – and where they fit within digital commerce, in both commercial and retail settings. These cryptos have at least one advantage over more “traditional” offerings like bitcoin, Ethereum and others: They (at least ostensibly) do not have...

Cryptocurrency
Circle’s New Reserve Details Show Reservations Over Stablecoin Reserves 
August 23, 2021

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