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
Treasury Looks Into Regulating Crypto To Fight Tax Evasion Schemes
May 20, 2021

A new report from the U.S. Treasury says the current cryptocurrency climate could cause tax evasion without further regulation. 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
US Lags China In Crypto Regulation As Musk’s Tweets Roil Markets Again
May 20, 2021

Let’s say it was a busy day for cryptos — a volatile day, a red letter day, one that spotlighted just how fluid the environment and sentiment surrounding cryptos can be. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Cryptocurrency
Matrixport Users Can Now Settle International Wire Transfers In USDC
May 19, 2021

Asian crypto neobank Matrixport has formed a partnership with global FinTech Circle to allow for international bank wire transfers to Matrixport accounts, with automatic settlement in USDC, Matrixport announced Wednesday (May 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Cryptocurrency
Outage At Coinbase Hits Users Wednesday Morning
May 19, 2021

Digital currency exchange Coinbase experienced a partial outage on its platforms Wednesday morning, coinciding with a drop in the prices of some of the most popular cryptos. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Cryptocurrency
China’s Crypto Crackdown And Bitcoin Plunge Reflect Nervous Market
May 19, 2021

What goes up must come down, it is said — and the wild ride of crypto speaks to just how fragile things can be, when speculation runs rampant and tweets drive sentiment. Get the Full Story Complete the form to unlock this article and enjoy...

Cryptocurrency
PYMNTS BitPay Study: How Consumers Want To Use Crypto To Shop And Pay in 2021...
May 19, 2021

The valuation of cryptocurrency markets hit $2 trillion for the first time in April as consumers started snapping up blockchain bucks, then seeking out how and where to spend them. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Cryptocurrency
China Bars Banks, Payments Cos From Cryptocurrency Services
May 19, 2021

Banking regulators in China have banned financial institutions, including banks and payments companies, from providing services related to cryptocurrencies, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Cryptocurrency
Consumers Eye Retail Settings For ‘Spendable’ Crypto 
May 18, 2021

There might be a long way to go before we buy things with bitcoin without a second thought, where Ripple’s XRP is right up there with debit cards, and top of mind, when we go to check out online or at the register. Cryptocurrencies —...

Cryptocurrency
Mecum Auctions Now Takes Crypto Via BitPay For Collector Cars
May 17, 2021

Mecum Auctions, a collector car auction company, will be accepting cryptocurrency for payment, according to a press release. 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...