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
Crypto Lender Babel Announces Debt Relief
June 21, 2022

Four days after freezing withdrawals, cryptocurrency lender Babel Finance announced Monday (June 20) on its website that it had “reached preliminary agreements on the repayment of some debts,” which “eased some of the company’s short-term liquidity pressure.” Get the Full Story Complete the form to...

Cryptocurrency
Musk Reiterates Support for Dogecoin
June 21, 2022

The free-falling cryptocurrency market is not stopping Elon Musk from continuing his support of dogecoin, and he will continue to buy and hold the meme coin.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Cryptocurrency
Crypto Firms Curtail Marketing Spend Amid Market Changes
June 20, 2022

Several crypto firms have been cutting back on their marketing spending, months after spending big on several ad campaigns and Super Bowl ads, The Wall Street Journal reported Monday (June 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Cryptocurrency
Today in Crypto: UK Loosens ID Rules on Unhosted Wallets; Babel Finance Reaches Debt Agreement;...
June 20, 2022

The U.K. Treasury has gone back on a new rule regarding practices related to data collection for unhosted wallets, according to a report published Monday (June 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Cryptocurrency
Report: Merchants Accept Crypto at Checkout Despite Investment Value Decline
June 20, 2022

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 completing this form, you agree to receive marketing communications from PYMNTS and...

Cryptocurrency
Today in Crypto: Babel Finance Stops Withdrawals; MakerDAO Suspends Some Activity on Aave
June 19, 2022

Babel Finance has suspended its withdrawals and redemptions, a company notice said. 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...

Cryptocurrency
Long-Haul Holders of Crypto Are Starting to Sell
June 19, 2022

The crumbling of the crypto market has seen even the most ardent supporters seeming to start to exit, Bloomberg wrote. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Cryptocurrency
Bankman-Fried Bails Out Crypto Broker Voyager and Blames Fed for Downturn
June 19, 2022

Voyager Digital, the crypto broker, has reportedly gotten loans from Alameda Research, which is a trading outfit formed by FTX founder Sam Bankman-Fried, a Bloomberg report said. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Cryptocurrency
NFT Real Estate Sale Goes Awry after $12M Price Drop
June 17, 2022

On May 30, Chris Okada listed a non-fungible token (NFT) on the crypto industry’s top marketplace, OpenSea, for 15,000 ether, worth $29 million at the time. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...