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
Is Tether Stablecoin Due for $80B Day of Reckoning?
June 15, 2022

Tether’s day of reckoning could be approaching, and if the top stablecoin issuer cannot calm years-long doubts about the state of the cash reserves backing its dollar peg, an $80 billion run could be coming. Get the Full Story Complete the form to unlock this...

Cryptocurrency
Crypto Crisis Evokes 1998 Hedge Fund Crash that Crippled Market
June 15, 2022

When a top investor with a deep hedge fund background says the tumbling cryptocurrency market is starting to feel “a little bit like a Long Term Capital Management moment in crypto,” you know there’s the potential for a rout to turn into a panic. Get...

Cryptocurrency
EU Commissioner Urges Parliament to Adopt Crypto Rules to Protect Consumers 
June 15, 2022

Mairead McGuinness, EU’s Commissioner for financial services, told members of the European Parliament (MEP) on Tuesday 14 that given the recent developments in the crypto space, passing the Markets in Crypto Assets (MiCA) regulation is urgent as these rules will be “the right tool to...

Cryptocurrency
Financial Watchdog FINRA is Hiring to Expand Crypto Resources, Monitoring
June 14, 2022

One of the agencies tasked with monitoring the behavior of stockbrokers and other Wall Street professionals is trying to capitalize on the sudden unemployment of thousands of cryptocurrency workers, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Cryptocurrency
Today in Crypto: NFT-Focused Startup Raises $10.3M; Crypto Watchdog Formed
June 14, 2022

ScienceMagic.Studios on Tuesday (June 14) announced it has raised $10.3 million from pre-seed investors. The group, according to the company, includes Liberty City Ventures, Digital Currency Group, Coinbase Ventures, Noam Gottesman and Alan Howard. Get the Full Story Complete the form to unlock this article...

Cryptocurrency
Ripple Lawyer Critical of SEC Push to Regulate Crypto
June 14, 2022

The general counsel for Ripple, which provides cryptocurrency and other blockchain-related services for businesses, said in an article published Monday (June 13) that the Securities and Exchange Commission is trying to destroy the crypto industry. Get the Full Story Complete the form to unlock this...

Cryptocurrency
NFT Weekly: Amex, Abra Team Up; Mastercard Targets NFT Sales; Seth Green Buys Back Bored...
June 14, 2022

The digital asset financial services company Abra announced on June 10 that it is launching the first crypto rewards credit card on the American Express network. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Cryptocurrency
Digital Asset Firms Put Deals on Ice as Crypto Market Freefalls
June 14, 2022

Digital asset firms are putting deals on ice as the cryptocurrency market continues freefalling amid a stock market retreat that pushed Wall Street into a Bear market, the Wall Street Journal reported on Tuesday (June 14). Get the Full Story Complete the form to unlock...

Cryptocurrency
BitPay Hires Lawyer Allison Raley as Compliance Chief
June 14, 2022

Cryptocurrency payment firm BitPay hired Allison Raley to the position of general counsel and compliance chief, replacing Eden Doniger, who left BitPay in April. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...