Cryptocurrency

Cryptocurrency
Today in Crypto: Bank of Canada Official Urges Regulation; Bitcoin, Ether Plunge on Inflation News
June 12, 2022

The number of Canadians owning crypto assets is growing fast, requiring regulation, especially as people might not understant the risks of investing in things like bitcoin, a Bank of Canada official told Reuters. Get the Full Story Complete the form to unlock this article and...

Cryptocurrency
Central Bankers in Kenya, Nigeria Criticize Crypto, Tout CBDCs
June 12, 2022

Kenyan and Nigerian central bankers have said central bank digital currencies (CBDCs) could solve the risks cryptocurrencies have for financial stability, Reuters wrote Saturday (June 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Cryptocurrency
Abra to Offer Crypto Rewards on Amex Network Card, Integrated NFT Wallet
June 12, 2022

Abra, the digital asset financial services company, has announced a new crypto rewards card to transact in U.S. dollars, offering crypto back, a press release said Friday (June 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Cryptocurrency
Regulatory Rumblings Force Companies to Rethink their Ransomware Policies
June 10, 2022

The decision of whether to pay ransomware hackers to release encrypted information got tougher in March when President Joe Biden signed into law that “strongly advises” companies to report ransomware attacks to the Department of Homeland Security. Get the Full Story Complete the form to...

Cryptocurrency
With FinTech Funding Tanking, Crypto Remains VC Firms’ Darling
June 10, 2022

In late May, venture capital (VC) giant Andresseen Horowitz raised $4.5 billion for a new fund to invest in crypto startups, almost a third more than in all of its three previous rounds. Binance Labs, the investment arm of the top global cryptocurrency exchange Binance,...

Cryptocurrency
Today in Crypto: S. Korea Probes Embezzlement Allegations at Terraform Labs; Blockchain.com CEO Warns of...
June 09, 2022

Coinbase will invest in Southeast Asian crypto exchange Zipmex rather than fully buying it, The Block Crypto reported Thursday (June 9). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Cryptocurrency
SEC Investigates TerraUSD Marketing
June 09, 2022

The U.S. Securities and Exchange Commission (SEC) is looking into the collapse of the TerraUSD stablecoin and whether its marketing violated federal investor protection regulations, a report from Bloomberg said Thursday (June 9). Get the Full Story Complete the form to unlock this article and...

Cryptocurrency
Industry Watchers Predict Crypto Battle for Survival Ahead
June 09, 2022

A shakeout is coming to the roughly 19,000 cryptocurrencies battling for a piece of the blockchain pie, according to industry insiders like Ripple CEO Brad Garlinghouse. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Cryptocurrency
Today in Crypto: Mastercard, Mercado Libre Team on Crypto Security in Brazil; Coinbase CFO Points...
June 08, 2022

Mastercard and Mercado Libre announced Wednesday (June 8) that they are working together to make Mercado Libre’s crypto program in Brazil more secure. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...