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

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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Sam Bankman-Fried’s Buyouts Aren’t Stopping Crypto’s Dominoes From Falling
Sam Bankman-Fried’s Buyouts Aren’t Stopping Crypto’s Dominoes From Falling
July 05, 2022  |  Cryptocurrency

Sam Bankman-Fried’s stated goal of stopping a few insolvent crypto lenders from cascading into a failed string of dominoes is starting to look a lot...

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Crypto Market Derails Digital Currency Tax Payments Acceptance
Crypto Market Derails Digital Currency Tax Payments Acceptance
July 05, 2022  |  Cryptocurrency

Utah and Colorado are now the only states still on board with accepting cryptocurrency as payment for local taxes as deep declines in the marketplace...

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Today in FinTech: Loans Backed By Crypto; Ukraine Phishing Attack Foiled; Healthcare BNPL
Today in FinTech: Loans Backed By Crypto; Ukraine Phishing Attack Foiled; Healthcare BNPL
July 05, 2022  |  Technology

In today’s FinTech news, Wirex Credit is offering loans backed by crypto, while nine suspected cybercriminals were arrested following an alleged phishing attack on Ukraine....

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85% of Merchants See Crypto as Path to Gain New Customers
85% of Merchants See Crypto as Path to Gain New Customers
July 05, 2022  |  Cryptocurrency

Gaining new customers and eliminating middlemen are the top two reasons why merchants are interested in accepting cryptocurrency or expanding their cryptocurrency payments options, according...

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Bank of England Calls for Tougher Crypto Rules
Bank of England Calls for Tougher Crypto Rules
July 05, 2022  |  Cryptocurrency

England’s central bank says that a recent $2 trillion drop in the value of cryptocurrencies shows the market needs stricter regulations. Get the Full Story...

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