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
2021 Crypto Scams Top $7.7B, Fueled by DeFi-Friendly ‘Rug Pulls’
December 16, 2021

When South Africa-based cryptocurrency exchange Luno discovered that many of its clients were being targeted by a project that promised investors returns so large that it was almost certainly a fraud, it did something that seems like basic common sense for any financial firm: It...

Cryptocurrency
Fed Chair Powell Says Cryptos ‘Risky’ but Not Cause for Concern
December 15, 2021

Federal Reserve Chairman Jerome Powell said in a press conference on Wednesday (Dec. 15) that he doesn’t think cryptocurrencies are a concern for financial stability, calling them “really speculative assets,” per a MarketWatch report. Get the Full Story Complete the form to unlock this article...

Cryptocurrency
VCs Are Pouring Billions Into Crypto … Where Should it Go?
December 15, 2021

As of Dec. 1, venture capital has poured more than $27 billion into cryptocurrency and blockchain start-ups — and that’s before institutional bloker NYDIG announced it had raised a unicorn round of $1 billion on Tuesday (Dec. 14) and Crypto Bank Anchorage said Wednesday it...

Cryptocurrency
UK’s Ramp Raises $52.7M, Aims to Be the PayPal of Crypto
December 15, 2021

In the same way PayPal revolutionized online person-to-person (P2P) payments and eCommerce, Ramp is looking to have the same impact with its cryptocurrency payment infrastructure platform. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Cryptocurrency
Nexon, BitPay to Let Gamers Pay With Crypto
December 15, 2021

Interaction gaming software firm Nexon America, a subsidiary of Nexon Co., is partnering with bitcoin payment service provider BitPay to enable users to purchase in-game items with cryptocurrencies as well as dollars, according to a press release on Tuesday (Dec. 15). Get the Full Story...

Cryptocurrency
Coinbase, eToro Crypto Ads Banned for Misleading Consumers, Said UK Advertising Regulator
December 15, 2021

The U.K. Advertising Standard Authority (ASA) issued rulings against seven of the sector’s biggest firms, including Coinbase and eToro, for misleading and irresponsible ads promoting crypto investments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Cryptocurrency
Block Users Can Gift Stock, Bitcoin on Cash App
December 14, 2021

Block has debuted a new Cash App feature to allow users to gift in stock or bitcoin this holiday season, per a Money.com report Tuesday (Dec. 14). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Cryptocurrency
Sen Warren Calls DeFi the ‘Most Dangerous’ Part of Crypto at Senate Hearing
December 14, 2021

One of the biggest moments at the Senate Banking Committee’s stablecoin hearing Tuesday (Dec. 14) was a declaration by Sen. Elizabeth Warren (D-Mass.) that decentralized finance, or DeFi, is “the most dangerous part of the crypto world.” Get the Full Story Complete the form to...

Cryptocurrency
The Stablecoin Problem
December 14, 2021

The below article is a guest post by Amias Gerety, partner at QED Investors. 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...