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
Airswift Launches Gateway to Help Online Merchants Accept Crypto
November 21, 2022

Cryptocurrency payment solutions provider Airswift has launched a full-stack payment gateway for online businesses. 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 daily newsletter, PYMNTS...

Cryptocurrency
Ex-FDIC Head: People ‘Getting Hurt’ by Lack of Crypto Rules
November 20, 2022

The former head of the Federal Deposit Insurance Corporation (FDIC) has joined a chorus of voices calling for the regulation of cryptocurrency in the wake of FTX’s failure. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Cryptocurrency
FTX Considers Sale as Top 50 Creditors Seek $3.1B
November 20, 2022

Bankrupt cryptocurrency exchange FTX owes its top 50 creditors close to $3.1 billion and is reportedly considering either a sale or reorganization. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Cryptocurrency
Sam Bankman-Fried Sold $300M Stake in FTX in October 2021 
November 18, 2022

When FTX raised $420 million from investors in October 2021, $300 million of that amount reportedly went to the cryptocurrency exchange’s then-CEO Sam Bankman-Fried.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Cryptocurrency
Elizabeth Holmes Sentenced to 11+ Years in Prison for Defrauding Investors
November 18, 2022

Elizabeth Holmes, one of Silicon Valley’s most celebrated and subsequently vilified startup founders, has been sentenced to 135 months, or more than 11 years, in prison for defrauding investors out of hundreds of millions of dollars. Get the Full Story Complete the form to unlock...

Cryptocurrency
Fed Official Neel Kashkari Tweets ‘Entire Notion of Crypto Is Nonsense’
November 18, 2022

Federal Reserve Bank of Minneapolis President Neel Kashkari said Friday (Nov. 18) in a tweet that cryptocurrency has no use and is just a device for speculators. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Cryptocurrency
House Committee to Investigate FTX Collapse, Requests Company Documents
November 18, 2022

Raja Krishnamoorthi, chairman of the House Oversight Committee’s Subcommittee on Economic and Consumer Policy, has requested FTX turn over documents and information as part of its investigation into the crypto exchange’s collapse, Bloomberg reported on Friday (Nov. 17). Get the Full Story Complete the form...

Cryptocurrency
Hong Kong’s Genesis Block Stops Trading and Will Close OTC Portal 
November 18, 2022

Hong Kong-based cryptocurrency retail service provider Genesis Block has reportedly ceased trading, asked its customers to withdraw their funds and told them it would close its over-the-counter (OTC) trading portal on Dec. 10.  Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Cryptocurrency
Revolut Reassures Customers After FTX Collapse
November 18, 2022

Around the world, FinTechs that enable their customers to invest or trade in crypto assets are reassuring their customers after cryptocurrency exchange FTX filed for bankruptcy last week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...