Hong Kong cryptocurrency exchange Bilaxy was the victim of a hack that compromised a hot wallet on its platform and saw the transfer of 295 ERC-20 tokens, worth more than $21 million, to a single wallet on Sunday (Aug. 29). Get the Full Story Complete...
Reactions to cryptocurrencies have been mixed across the world. While countries like El Salvador have embraced bitcoin and classified the marquee cryptocurrency as legal currency, others like India and China have been more measured in their approach — or downright hostile toward the virtual currencies....
The Central Bank of Nigeria (CBN) has reportedly sent a document to banks in the country detailing the design of its soon-to-be launched e-naira digital currency, as well as information on the roles assigned to participants involved in the currency rollout. Get the Full Story...
John Paulson raked in billions by taking advantage of the U.S. 2008 real estate debacle and now has shared that he sees cryptocurrency as a shaky investment he’s steering clear of, Bloomberg reported Monday (Aug. 30). Get the Full Story Complete the form to unlock...
The International Monetary Fund (IMF) says decisions like El Salvador’s choice to make bitcoin a legal tender as of Sept. 7 and the adoption of other cryptocurrencies as national currencies is fraught with problems and could destabilize a country’s macroeconomic standing. Get the Full Story...
The common view of the cryptocurrency landscape is that it’s the Wild West — untamed, with speculative activity out of control, and with regulators bearing down, eyeing a new slew of laws and guardrails that must be crafted and implemented post-haste. Get the Full Story...
Cuba is opening the door to cryptocurrencies, allowing the digital currency to be used for payments in the country after it explores a framework for regulations and licensing, the Associated Press and other news outlets reported on Friday (Aug. 27). Cuba, cryptocurrencies, payments Get the...
The roller coaster ride of the crypto market prompted whales to transfer over $500 million in Ethereum in 13 unrelated trades on Tuesday and Wednesday of this week, The Daily Hodl reported on Thursday (Aug. 26). Get the Full Story Complete the form to unlock...
In the age of social media, anyone, at any time, can rise up to become an influencer. 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...
