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

Latest Crypto Bridge Hack Exposes Key Ecosystem Weakness
Latest Crypto Bridge Hack Exposes Key Ecosystem Weakness
June 24, 2022  |  Security & Fraud

Harmony’s Horizon bridge was exploited for $100 million, making three major bridge hacks this year and exposing a central weakness in the digital-asset nexus, according...

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Crypto Winter’s Harsh Lessons May Spawn the ‘Last Unbanked Generation’
Crypto Winter’s Harsh Lessons May Spawn the ‘Last Unbanked Generation’
June 24, 2022  |  Cryptocurrency

Cryptocurrency prices have been collapsing for more than half a year now, so it seems counterintuitive to say that crypto investing is a tool that...

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OCC’s Hsu Says Banks Need Caution With Crypto as Economy Ups Risks
OCC’s Hsu Says Banks Need Caution With Crypto as Economy Ups Risks
June 23, 2022  |  Cryptocurrency

The recent crypto troubles have only added to Office of the Comptroller of the Currency (OCC) Acting Chief Michael Hsu’s resistance to allow lenders to...

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Today in Crypto: CoinFLEX Stops Investor Withdrawals; Brussels Hosts Blockchain Week
Today in Crypto: CoinFLEX Stops Investor Withdrawals; Brussels Hosts Blockchain Week
June 23, 2022  |  Cryptocurrency

Peter Kerstens, a European Union policy advisor, has said the crypto market troubles could be seen as dissuading, or evidence of a giant Ponzi scheme,...

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Another Firm Cuts Withdrawals, Highlighting Crypto Lending’s Dangers
Another Firm Cuts Withdrawals, Highlighting Crypto Lending’s Dangers
June 23, 2022  |  Cryptocurrency

Despite receiving a $500 million backstop line of credit on June 21, teetering crypto broker Voyager Digital announced today that it was cutting its daily...

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Today in FinTech: Singapore Questions Crypto’s Utility; Klarna Challenges BNPL Research
Today in FinTech: Singapore Questions Crypto’s Utility; Klarna Challenges BNPL Research
June 23, 2022  |  Technology

In today’s FinTech news, Pine Labs in Noida, India, is acquiring Setu in Bengaluru, India, to grow Pine Labs’ offering of digital payments and lending...

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SEC’s ‘Backdoor’ Approach to Crypto May Cost It Power
SEC’s ‘Backdoor’ Approach to Crypto May Cost It Power
June 23, 2022  |  Cryptocurrency

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Today in The Connected Economy: Mastercard Debuts ‘Belle Block’ Community
Today in The Connected Economy: Mastercard Debuts ‘Belle Block’ Community
June 23, 2022  |  Connected Economy

Today in the connected economy, Mastercard unveils the Belle Block, a crypto and Web3 community aimed at women and nonbinary people. Get the Full Story...

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Today in TechREG: CFPB Probes Late Fees; UK FCA to Tap AI, Tackle Online Scams
Today in TechREG: CFPB Probes Late Fees; UK FCA to Tap AI, Tackle Online Scams
June 23, 2022  |  Technology

Today in technology regulation news, the U.K.’s Financial Conduct Authority (FCA) announced a new plan to use data analytics and AI to identify and prevent...

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