Crypto company Gemini is cutting its workforce by 25% and exiting the United Kingdom, European Union and Australia as it sharpens its focus on prediction markets and the United States. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The cryptocurrency market’s familiar boom-and-bust cycle has entered another pronounced downswing. Capital is leaving digital assets at a pace not seen since the depths of the last crypto winter, institutional allocations are shrinking as outflows grow and the speculative energy that once powered the crypto-native...
Michael Burry, the investor immortalized for calling the U.S. housing collapse, has made a career of being early, lonely and often uncomfortably right. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Crypto market structure legislation remains stalled after a closed-door meeting at the White House failed to resolve differences over the payment of interest and other rewards on stablecoins, Reuters reported Tuesday (Feb. 3). Get the Full Story Complete the form to unlock this article and...
Stripe’s push into stablecoins is encountering early friction as its newly acquired crypto startup Bridge becomes linked to transactions allegedly involving scammers and sanctioned entities, according to The Information. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Crypto’s Wild West used to have a cowboy problem. For much of the sector’s nascent history there were too many gunslingers and not enough sheriffs, with the digital asset space defined by its rule avoidance and a culture that prized speed over safety. Get the...
Are stablecoins digital cash, a narrow bank, a money market fund, or some new hybrid altogether? 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...
Payments infrastructure company NymCard can now settle card transactions with Visa using USDC stablecoins in the Gulf Cooperation Council (GCC) region. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Digital asset investment products recorded a second consecutive week of outflows during the week ended Friday (Jan. 30), leaving year-to-date flows at a global outflow of $1 billion, James Butterfill, head of research at asset manager CoinShares, wrote in a Monday (Feb. 2) blog post....
