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
Today in Crypto: Eco to Convert Balances From Dollars to USDC; Crypto Neobank Juno Raises...
October 02, 2022

Eco, a FinTech savings and spending app, plans to convert its users account balances to a U.S. digital currency that then will be Zero Hash, CoinDesk reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Cryptocurrency
Celsius Founder Reportedly Withdrew $10M in Weeks Before Bankruptcy
October 02, 2022

Celsius Network founder Alex Mashinsky withdrew $10 million from the cryptocurrency lender in the weeks before the company froze customer accounts and unraveled on its way toward seeking bankruptcy protection. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Cryptocurrency
Programmable Money’s Private Problem
September 30, 2022

Programmable money has become one of the latest buzzwords as people talk about the rise of cryptocurrencies that are actually used for payments — like privately issued stablecoins — or central bank digital currencies like a digital dollar or euro. Get the Full Story Complete...

Cryptocurrency
Report: CFTC Files Complaint Against Digitex Head Adam Todd
September 30, 2022

The Commodity Futures Trading Commission (CFTC) has reportedly charged Adam Todd, the founder of the cryptocurrency exchange Digitex, with running an illegal crypto derivatives trading platform, failing to implement required know-your-customer (KYC) practices and attempting to manipulate the price of Digitex’s native token called DGTX....

Cryptocurrency
Strike CEO: El Salvador’s Bitcoin Experiment Isn’t Over
September 30, 2022

In an interview this week, bitcoin payments firm Strike’s CEO said that El Salvador’s bitcoin-as-legal-tender experiment hasn’t hurt his company in any way, noting that its only involvement with the project was him giving President Nayib Bukele advice. Get the Full Story Complete the form...

Cryptocurrency
Complaints to CFPB About Crypto Rose During Market Shakeup
September 30, 2022

The Consumer Financial Protection Bureau (CFPB) has seen a surge in consumer complaints about cryptocurrency as the crypto market has turned more volatile. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Cryptocurrency
Senate Bill Would Offer Safe Harbor for Crypto Exchanges
September 30, 2022

A new proposal would offer cryptocurrency exchanges a safe harbor for listing tokens that might be securities. 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...

Cryptocurrency
Coinbase Feels Heat as Business Model Cracks under Strain
September 30, 2022

Coinbase’s share price tumbled as the Nasdaq-listed cryptocurrency exchange’s core business model was challenged on two sides: by Wells Fargo, which gave it what amounts to a sell rating, and by famed short-seller Jim Chanos, who called it emblematic of the “predatory junkyard that is...

Cryptocurrency
QR Codes’ Growing Popularity Extends to Crypto Payments
September 30, 2022

Utah Jazz fans who want to buy non-fungible tokens (NFTs) of their favorite players must go no further than their stadium seats. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...