Cryptocurrency

Cryptocurrency
NY Fed: Tokenized Deposits Better Than Stablecoins
February 08, 2022

Researchers with the Federal Bank of New York have said stablecoins are not likely to be the future of payments, CoinDesk reported Monday (Feb. 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Cryptocurrency
17 Crypto Exchanges Pledge Safe Markets, Cooperation With Regulators
February 07, 2022

Solidus Labs, Coinbase and several other big names in crypto announced Monday (Feb. 7) that they are forming a Crypto Market Integrity Coalition (CMIC) to work towards a future with safer markets. Get the Full Story Complete the form to unlock this article and enjoy...

Cryptocurrency
Today in Crypto: Payments Platform Wirex Makes US Debut; Tesla Says It Held $2B in...
February 07, 2022

North Korea has reportedly used stolen crypto funds to help fund its missile development program, according to a Reuters report Monday (Feb. 7), which cited a report from the United Nations. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Cryptocurrency
New FDIC Acting Chair: Evaluation of Crypto Risks Is a Top Priority for 2022
February 07, 2022

Federal Deposit Insurance Corporation (FDIC) Acting Chairman Martin J. Gruenberg on Monday (Feb. 7) included the evaluation of the risks related to cryptocurrency as a top priority for the agency to consider in 2022 — and likely beyond. Get the Full Story Complete the form...

Cryptocurrency
With Product Debuts, Crypto Industry Puts Banks in its Crosshairs
February 07, 2022

The fast-growing U.S. crypto debit card market has a new entrant in Wirex, a U.K.-based digital payments platform that claims the first such cryptocurrency-based payments product, launched in 2015. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Cryptocurrency
Japan’s Biggest Bank Plans Yen-Pegged Stablecoins
February 07, 2022

Mitsubishi UFJ Trust, Japan’s largest bank by assets, is planning to issue a stablecoin pegged to the yen under the revised Settlements and Payment System Act taking effect next year, according to Nikkei. Get the Full Story Complete the form to unlock this article and...

Cryptocurrency
DriveWealth Expands Into Crypto Trading Space
February 07, 2022

Brokerage firm DriveWealth, a New Jersey-based FinTech, is getting into cryptocurrency trading, CNBC reported Monday (Feb. 7). 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
SEC’s Request Suggests that Opposition to Bitcoin ETF May Be Fading
February 07, 2022

In what might be a sign that is loosening its opposition, the Securities and Exchange Commission (SEC) has requested public comments on a spot Bitcoin ETF proposal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Cryptocurrency
US House Resubmits Legislation to Simplify Tax Burdens on Crypto Users
February 07, 2022

The two largest cryptocurrencies, bitcoin and ethereum, surged last week as prices increased following a stronger-than-expected U.S. jobs report, Forbes reported Saturday (Feb. 5). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...