Ten members of the banking community are working with the New York Innovation Center (NYIC), which is part of the Federal Reserve Bank of New York, to explore the feasibility of the regulated liability network (RLN) — an interoperable digital money platform. Get the Full...
Berkshire Hathaway Vice Chairman Charlie Munger has restated his contempt for the cryptocurrency industry in the wake of FTX’s collapse. 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...
A leaked draft of an EU anti-money laundering (AML) bill suggests the organization could prohibit regulated financial institutions from dealing in privacy-enhancing cryptocurrencies such as Monero and Dash. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The cryptocurrency exchange he launched may be broke and under investigation, but FTX founder Sam Bankman-Fried is still hoping to raise enough cash to cover the firm’s users. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The cryptocurrency-flameouts this week have revealed hard truths about privately-issued stablecoins: They’re anything but stable. They’re no safe haven from turmoil. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The downfall of crypto trading platform FTX has triggered a worldwide regulatory investigation and could leave the company dealing with more than one million creditors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Turkey has joined the many jurisdictions around the world that are investigating crypto exchange FTX after its collapse. 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...
The aftershocks of the once-popular crypto exchange FTX’s recent and rapid demise last week continue to reverberate throughout the crypto and VC industries, rattling investor confidence and perceptions of stability across the sector. Get the Full Story Complete the form to unlock this article and...
The spectacular flameout of FTX and its Founder and CEO Sam Bankman-Fried has ripple effects that extend well beyond the confines of crypto trading and will likely impact philanthropy — and specifically, the “effective altruism” thesis that Bankman-Fried highlighted as the FTX corporate ethos. Get...
