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
Coinbase CEO Calls Senators’ Libra Opposition ‘Un-American’
October 15, 2019

The CEO of San Francisco-based Coinbase, Brian Armstrong, had some strong words for U.S. senators he accused of intimidating other companies to drop out of the Libra project, Facebook’s proposed cryptocurrency. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Cryptocurrency
Officials Speak Out In Face Of Libra Exodus
October 15, 2019

Officials in France and Germany have spoken out about a number of companies leaving the Libra Association, a body of businesses meant to act as a sort of governing body for Facebook’s proposed cryptocurrency. Get the Full Story Complete the form to unlock this article...

Cryptocurrency
Libra Says It Has 100 Members Waiting In The Wings
October 15, 2019

Bertrand Perez, the Libra Association’s chief operating officer and interim managing director, said he is optimistic that a total of 100 companies will join as members, CNBC reported on Tuesday (Oct. 15). Get the Full Story Complete the form to unlock this article and enjoy...

Cryptocurrency
Facebook-Led Libra Names 21-Member Council After Top Firms Flee
October 15, 2019

Facebook’s embattled cryptocurrency Libra was officially formed in Geneva with its 21 remaining members, Libra announced in a press release on Monday (Oct. 14). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Cryptocurrency
Treasury Secretary: Libra Isn’t Ready For Release
October 14, 2019

Following the news that several more companies had left Facebook’s Libra project, U.S. Secretary of the Treasury Steven Mnuchin, said on Monday (Oct. 14) that he thinks the companies left because the proposed cryptocurrency was not ready to meet government regulations. Get the Full Story...

Cryptocurrency
Libra’s Unraveling And The Geneva (Crypto) Convention’s Folly
October 14, 2019

After the mass exodus on Friday (Oct. 11) from the Libra project, the cryptocurrency’s remaining 22 corporate backers are gathering in Geneva, Switzerland to throw their weight behind the new cryptocurrency. PYMNTS takes stock of who’s left, what’s next and why building a network without firms...

Cryptocurrency
Mastercard, Stripe, eBay And Visa Drop Out Of Facebook’s Libra Association
October 11, 2019

Mastercard, Stripe, eBay and Visa have all dropped out of Facebook’s Libra Association. The departures follow on the heels of PayPal’s exit a week ago, according to a report by CNBC.  Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Cryptocurrency
Portugal Is Latest Country To Express Concerns About Libra
October 11, 2019

Portugal is the latest country to join the chorus of regulators and leaders alike expressing concern about Facebook’s proposed cryptocurrency, Libra. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Cryptocurrency
The Central Bank Conundrum On Cryptos
October 11, 2019

For central banks, when it comes to cryptocurrencies, there’s no central theme. 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 daily newsletter, PYMNTS Today. By...