Cryptocurrency

Cryptocurrency
Ripple Lawyer Critical of SEC Push to Regulate Crypto
June 14, 2022

The general counsel for Ripple, which provides cryptocurrency and other blockchain-related services for businesses, said in an article published Monday (June 13) that the Securities and Exchange Commission is trying to destroy the crypto industry. Get the Full Story Complete the form to unlock this...

Cryptocurrency
NFT Weekly: Amex, Abra Team Up; Mastercard Targets NFT Sales; Seth Green Buys Back Bored...
June 14, 2022

The digital asset financial services company Abra announced on June 10 that it is launching the first crypto rewards credit card on the American Express network. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Cryptocurrency
Digital Asset Firms Put Deals on Ice as Crypto Market Freefalls
June 14, 2022

Digital asset firms are putting deals on ice as the cryptocurrency market continues freefalling amid a stock market retreat that pushed Wall Street into a Bear market, the Wall Street Journal reported on Tuesday (June 14). Get the Full Story Complete the form to unlock...

Cryptocurrency
BitPay Hires Lawyer Allison Raley as Compliance Chief
June 14, 2022

Cryptocurrency payment firm BitPay hired Allison Raley to the position of general counsel and compliance chief, replacing Eden Doniger, who left BitPay in April. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Cryptocurrency
SEC’s Gensler Says Most Crypto ‘Likely to Fail’
June 14, 2022

Federal Securities and Exchange Commission Chairman Gary Gensler on Tuesday (June 14) repeated his warnings that the crypto world is full of high-risk investments and that crypto tokens fit the category of assets that must be sold by registered entities. Get the Full Story Complete...

Cryptocurrency
Collapse May Slow Crypto’s Payments Mainstreaming — But Won’t End it
June 14, 2022

How the fast-growing number of new crypto buyers who aren’t seriously invested, emotionally and financially, will react to the market’s collapse and respond is still a big unknown, particularly as everyone who bought crypto over the last 20 months or so is underwater. Get the...

Cryptocurrency
For Coinbase, Crypto Winter Is Here
June 14, 2022

Top cryptocurrency exchange Coinbase’s stock is crumbling faster than bitcoin as crypto winter hits the one-time Wall Street darling. 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
Super Bowl Curse Comes for Crypto as Layoffs Mount
June 14, 2022

The NFL’s 2000 championship game was named the “Dot-Com Super Bowl” when some 20 of its hugely expensive ads were bought up by tech companies — several of which were defunct by the time the game aired — that didn’t survive the 2001 crash. Get...

Cryptocurrency
Coinbase Cuts Staff by 18% Ahead of ‘Crypto Winter’
June 14, 2022

Coinbase will cut 18% of its full-time positions as the cryptocurrency exchange is faced with a precipitous drop in both its stock price and the digital currencies it monitors, according to a CNBC report Tuesday (June 14) that cites an email sent to employees. Get...