(source: en.wikipedia.org)
The initial design of bitcoin was to be a payment method, a unit of currency. Along the way in the decade-plus since its creation by the anonymous creator/creators known as Satoshi Nakamoto, it evolved to become something quite different: something that people buy and trade...
The embedded finance platform Railsbank is working with the personal finance company Status Money to launch a cash-back credit card that invests rewards in cryptocurrency. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The blockchain technology company ConsenSys announced on Tuesday (Aug. 31) that its MetaMask cryptocurrency wallet has surpassed 10 million monthly active users. This milestone marks a 19-fold growth since July of last year, and “positions MetaMask as the leading non-custodial wallet by users globally,” the...
Hong Kong cryptocurrency exchange Bilaxy was the victim of a hack that compromised a hot wallet on its platform and saw the transfer of 295 ERC-20 tokens, worth more than $21 million, to a single wallet on Sunday (Aug. 29). Get the Full Story Complete...
Reactions to cryptocurrencies have been mixed across the world. While countries like El Salvador have embraced bitcoin and classified the marquee cryptocurrency as legal currency, others like India and China have been more measured in their approach — or downright hostile toward the virtual currencies....
The Central Bank of Nigeria (CBN) has reportedly sent a document to banks in the country detailing the design of its soon-to-be launched e-naira digital currency, as well as information on the roles assigned to participants involved in the currency rollout. Get the Full Story...
John Paulson raked in billions by taking advantage of the U.S. 2008 real estate debacle and now has shared that he sees cryptocurrency as a shaky investment he’s steering clear of, Bloomberg reported Monday (Aug. 30). Get the Full Story Complete the form to unlock...
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...
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...
