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 5). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
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 one bit. Bukele announced on Twitter on June 30 that the country had bought another 80 bitcoins at $19,000 each,...
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 between crypto and traditional finance.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
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 more like bargain hunting. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
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 prompt other lawmakers to shelve plans for now, Bloomberg reported Tuesday (July 5). Get the Full Story Complete the form...
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 to “Paying with Cryptocurrency,” a PYMNTS and BitPay collaboration based on a survey of 2,334 consumers and 202 merchants. Get...
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 Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Payments platform Wirex is introducing Wirex Credit for loans backed by cryptocurrency that enable users to borrow up to $100,000 in stablecoins, with a loan to value (LTV) of up to 80%, according to Tuesday (July 5) press release. Get the Full Story Complete the form to...
The European Central Bank (ECB) is concerned about the different crypto regulations across EU member states, and it will urge them to harmonize the different rules until the Markets in Crypto Asset Regulation (MiCA) becomes law and it is fully implemented. Get the Full Story...
