Following President Joe Biden’s executive order on digital assets announced in March, the Secretary of Commerce and other relevant agency heads have been directed to work together on a framework to boost competitiveness in digital assets. Get the Full Story Complete the form to unlock...
Coinbase, facing declining revenues, is putting a pause on new business projects, a report from The Information said Thursday (May 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
In crypto news, the industry is hurrying to respond to concerns by U.S. lawmakers about stablecoins after the UST collapse, Reuters wrote. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The 800-pound gorilla in any conversation about crypto regulation this week was the $45 billion de-pegging and collapse of the TerraUSD stablecoin. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Barclays analyst Joe Abate says fully collateralized stablecoins might not be any different from algorithmic ones like the collapsed Terra UST coin in terms of risks, Bloomberg reported Thursday (May 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
FTX, the second-largest cryptocurrency exchange, is looking to expand “across all asset classes” as it launches a stock trading feature that will accept payments in some stablecoins as well as U.S. dollars. Get the Full Story Complete the form to unlock this article and enjoy...
The spectacular collapse of a top-three stablecoin last week has erased $45 billion and left crypto with a confidence crisis that goes far deeper. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The recent plummeting value of bitcoin hasn’t changed the approach MicroStrategy is taking toward its holdings, according to media reports on Thursday (May 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Rostin Behnam, Chairman of the Commodity Futures Trading Commission (CFTC), has participated in several events this week, reclaiming the position of his agency in the crypto space and suggesting that more enforcement actions are likely. Get the Full Story Complete the form to unlock this...
