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
SEC Threatens Coinbase With Lawsuit Over Lending Scheme
September 08, 2021

The U.S. Securities and Exchange Commission (SEC) is threatening to sue the cryptocurrency exchange platform Coinbase over its loan product Coinbase Lend — and the company said in a blog post that it has no idea why. Get the Full Story Complete the form to...

Cryptocurrency
Coinbase CEO’s Tweet Storm Fuels Escalating Fight With SEC Over Regulation of Crypto, Stablecoins
September 08, 2021

For cryptos in general, through the past few years and continuing into today, there has been an existential question: Security or currency? Or something else entirely? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Cryptocurrency
FCA Chair: Investors Need Protection From Online Crypto Schemes
September 08, 2021

Investors need protection from sketchy cryptocurrency schemes, especially those being promoted online by paid influencers in “pump and dump” maneuvers, Financial Conduct Authority Chairman Charles Randell said in an address at the Cambridge International Symposium on Economic Crime. Get the Full Story Complete the form...

Cryptocurrency
UATP, BitPay Team on Crypto Payment Possibilities
September 08, 2021

Global payment network UATP is working with payment processing company BitPay to allow for more payments using cryptocurrency, a press release stated on Wednesday (Sept. 8). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Cryptocurrency
With Proper Regs, Crypto Could Be Crime-Fighter Rather Than Criminal Favorite
September 08, 2021

The U.S government has made a lot of noise in recent weeks about the need for tougher regulation in crypto to prevent it from being used for money laundering or to finance terrorism. Get the Full Story Complete the form to unlock this article and...

Cryptocurrency
CoinSwitch Kuber on Track for Possible $2B Valuation as India’s Second Unicorn
September 07, 2021

India-based cryptocurrency exchange CoinSwitch Kuber is on track to become the country’s second crypto unicorn with an estimated valuation of $2 billion, Cointelegraph reported Tuesday (Sept. 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Cryptocurrency
El Salvador Struggles in Bitcoin Debut
September 07, 2021

El Salvador’s first day with bitcoin as legal tender on Tuesday (Sept. 7) got off to a bit of a rocky start, with the government forced to unplug a digital wallet that was overwhelmed by the demand, according to a Reuters report. Get the Full...

Cryptocurrency
McDonald’s El Salvador to Accept Bitcoin as Experts Question Profitability
September 07, 2021

In El Salvador, McDonald’s is now accepting bitcoin payments. Bitcoin payment processor OpenNode announced Tuesday (Sept. 7) that the quick-service restaurant (QSR) will accept the cryptocurrency at all 19 of its restaurants in the country. Get the Full Story Complete the form to unlock this...

Cryptocurrency
El Salvador’s Risky Legal Tender Leap Into Bitcoin 
September 07, 2021

In for a penny, in for a pound, as they say. Or: In for bitcoin – and not just for a bit. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...