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
Canada Sanctions 34 Crypto Wallets, Investigates ‘Freedom Convoy’ Donations
February 16, 2022

The Ontario Provincial Police and Royal Canadian Mounted Police have ordered companies to stop doing transactions from 34 crypto wallets, which they’ve tied to the “Freedom Convoy” trucker protests in that country, CoinDesk reported Wednesday (Feb. 16). Get the Full Story Complete the form to...

Cryptocurrency
STASIS to Issue Euro Stablecoin on XRP Ledger
February 16, 2022

STASIS, which works in euro-backed stablecoin production, plans to issue the EURS stablecoin on the XRP ledger (XRPL), a press release said Wednesday (Feb. 16). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Cryptocurrency
Colorado Plans to Accept Crypto for Tax Payments by End of Summer
February 16, 2022

Colorado will begin taking cryptocurrency for tax and other payments by the end of the summer, Gov. Jared Polis told CoinDesk. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Cryptocurrency
As Crypto’s Popularity Grows, Gateway Providers Help Merchants Accept it. Here’s a Closer Look
February 16, 2022

While bitcoin was created to be a peer-to-peer payments tool, that never really caught on. Instead, the first cryptocurrency transformed into an investment, with many in the industry saying its transaction fees are too high and slow, and its price too volatile. Get the Full...

Cryptocurrency
FSB Tells National Regulators to Move Faster on Stablecoin Regulation
February 16, 2022

If there’s one message about the need to regulate stablecoins that emerges from a report issued today by the Financial Stability Board on the growing threat cryptocurrencies pose to the global financial system, it is this: Time to get a move on, people. Get the...

Cryptocurrency
US Draft Bill on Stablecoins Offers Safe Harbor for Issuers
February 16, 2022

Congressman Josh Gottheimer released on Tuesday, Feb. 15 a draft of the Stablecoin Innovation and Protection Act of 2022, a piece of legislation that aims to define stablecoins and to offer a legal framework where stablecoin issuers could operate.   Get the Full Story Complete...

Cryptocurrency
FSB Sounds the Alarm of Crypto Assets’ Growing Threats
February 16, 2022

Crypto assets are quickly evolving, and their scale could reach a point where they would pose a great risk to global financial stability, the Financial Stability Board (FSB) said on Wednesday (Feb. 16). Get the Full Story Complete the form to unlock this article and...

Cryptocurrency
Toomey, Other US Senators Traded Crypto in Past Year
February 15, 2022

Congress has been looking into crypto in a different way lately, as around eight lawmakers, or their immediate family, have traded them in the last year, CNBC reported Tuesday (Feb. 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Cryptocurrency
Today in Crypto: JPMorgan Seeks Rules for Crypto Hedging; Binance Smart Chain now BNB Chain
February 15, 2022

Binance Smart Chain (BSC), which is the base blockchain for Binance, is rebranding itself and looking at expanding, according to a CoinDesk report Tuesday (Feb. 15). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...