Cryptocurrency

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

BoE: Digital Pounds Likely to Be Managed Through Accounts
BoE: Digital Pounds Likely to Be Managed Through Accounts
July 06, 2022  |  CBDC

Bank of England (BoE) Deputy Governor Jon Cunliffe said Wednesday (July 6) during a panel discussion that any proposed digital pound would likely be managed...

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Reckless Crypto Lending, Opaque Operations Paved Voyager Digital’s Path to Bankruptcy
Reckless Crypto Lending, Opaque Operations Paved Voyager Digital’s Path to Bankruptcy
July 06, 2022  |  Cryptocurrency

A $500 million line of credit couldn’t save crypto brokerage Voyager Digital from bankruptcy. Get the Full Story Complete the form to unlock this article...

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Department of Commerce Urged to Slow Roll CBDCs and Clarify Crypto Rules
Department of Commerce Urged to Slow Roll CBDCs and Clarify Crypto Rules
July 06, 2022  |  Regulation

Following President’s Biden Executive Order on crypto assets issued in March, the Department of Commerce (DOC) launched a consultation in May seeking feedback that would...

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PYMNTS AM Radar: Grubhub Prime Perk; Chapter 11; Bring on on the Fun; Mobility Without Fraud; ICYMI
PYMNTS AM Radar: Grubhub Prime Perk; Chapter 11; Bring on on the Fun; Mobility Without...
July 06, 2022  |  News

Today is Wednesday (July 6) and gas prices have fallen for 21 consecutive days, with the national average today at $4.78, according to AAA. The Institute...

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Crypto Lender Voyager Seeks Chapter 11 Protection
Crypto Lender Voyager Seeks Chapter 11 Protection
July 06, 2022  |  Cryptocurrency

Crypto lender Voyager filed for Chapter 11 bankruptcy protection a week after halting withdrawals and two weeks after getting a $485 million bailout from FTX...

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Today in Crypto: Nexo Plans to Buy Vauld; UK Explores DeFi Taxation
Today in Crypto: Nexo Plans to Buy Vauld; UK Explores DeFi Taxation
July 05, 2022  |  Cryptocurrency

Nexo, the cryptocurrency lender, said it plans to buy troubled fellow lender Vauld, showing how a consolidated crypto industry might look, Reuters wrote Tuesday (July...

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El Salvador Weekly: President Bukele’s Bitcoin Policy Is ‘Magical Thinking’
El Salvador Weekly: President Bukele’s Bitcoin Policy Is ‘Magical Thinking’
July 05, 2022  |  Cryptocurrency

Giving Salvadoran President Nayib Bukele the courage of his convictions, bitcoin’s collapse below $20,000 from its November high of nearly $70,000 hasn’t dimmed his enthusiasm...

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Today in the Connected Economy: Revolut Delves Into in-Person Payments
Today in the Connected Economy: Revolut Delves Into in-Person Payments
July 05, 2022  |  Connected Economy

Today in the connected economy, Revolut launches its card reader, marking the start of its in-person payment ambitions. Plus, Uber brings its services to Israel,...

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Ledgible and FIS Team Up to Bridge the Gap Between Crypto and Traditional Finance
Ledgible and FIS Team Up to Bridge the Gap Between Crypto and Traditional Finance
July 05, 2022  |  Cryptocurrency

FinTech platform FIS and cryptocurrency tax and accounting service Ledgible have joined forces on a partnership the companies said is designed to “bridge the gap...

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