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: EU Eyes Capping Banks’ Crypto Holdings; Bitcoin Miner Stronghold Restructures; JPMorgan Analyst:...
August 17, 2022

EU banks exposed to cryptocurrencies could see caps and big capital requirements from a new financial services law as lawmakers look to curb risk from the digital coins, a document from the European Parliament said. Get the Full Story Complete the form to unlock this...

Cryptocurrency
PYMNTS Cryptocurrency Glossary: The Metaverse
August 17, 2022

Cryptocurrency is a confusing business with a language all its own, in part because it is a genuinely new way of doing business and also because it was created in large part by programmers and cryptographers, who should never be allowed to name anything regular...

Cryptocurrency
Genesis Cuts Staff 20% Staff as CEO Michael Moro Exits, COO Named Interim Exec
August 17, 2022

In a workforce and leadership shakeup, crypto brokerage Genesis is cutting 20% of its staff as CEO Michael Moro stepped down and Chief Operating Officer Derar Islim was named interim CEO while the company searches for a new leader.  Get the Full Story Complete the...

Cryptocurrency
Toomey: FDIC ‘Improperly’ Restricting Crypto Trading Amid Broader U.S. Crackdown
August 17, 2022

A clash may be coming between congressional Republicans and federal banking regulators over the treatment of cryptocurrency 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...

Cryptocurrency
Chainalysis Puts Crypto Hack Losses at $1.9B for Jan.-July ’22
August 16, 2022

The losses from crypto hacks were up 60% in the first seven months of 2022, now hitting $1.9 billion, according to a blog from Chainalysis — an increase from $1.2 billion at the same time last year. Get the Full Story Complete the form to...

Cryptocurrency
Sanctions Against Crypto Mixer Raise Broader Compliance Fears
August 16, 2022

It’s not just the libertarians who are concerned about the implications of the U.S. blacklisting a crypto mixing site allegedly used by North Korean hackers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Cryptocurrency
Today in Crypto: Crypto Nomads Move Back to Big Cities; Court OKs IRS Tax Probe...
August 16, 2022

As the pandemic wanes, Bloomberg reported that crypto nomads are returning to big cities like New York and London. 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...

Cryptocurrency
Market Volatility, Souring SPAC Outlook Create Cruel Summer for Crypto M&A
August 16, 2022

Sometimes it’s friendly and sometimes it isn’t, but long-planned crypto mergers and SPAC acquisitions have been falling apart in the past month. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Cryptocurrency
Fed Offers Crypto Banks Path to Global Payments Rails
August 16, 2022

The Federal Reserve has opened a path for crypto banks and stablecoin issuers to gain access to master accounts that would bring access to the global payments system. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...