The U.S. financial services sector is getting edgy as the Federal Reserve’s initiative for a digital dollar or Fedcoin steps up its research to reveal prototypes as soon as July, Bloomberg reported on Monday (March 22). Get the Full Story Complete the form to unlock this...
Federal Reserve Chairman Jerome Powell said Monday (March 22) that cryptocurrencies are “speculative” investments, and therefore not reliable. He added that the Fed is moving slowly on the matter of creating a digital dollar, despite the soaring price of bitcoin in recent months. Get the...
While cryptocurrency has found more mainstream acceptance among consumers, it also has the unfortunate tendency to draw money launderers. According to a PYMNTS AML/KYC Tracker, 2019 saw $2.8 billion laundered through cryptocurrency exchanges — up from $1 billion the year prior. Get the Full Story...
India is considering new regulations that would ban cryptocurrency in the country, penalizing anyone who holds, buys, or mines bitcoin and other digital currency, Reuters reported, citing unnamed government sources. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Last month, U.S. Treasury Secretary Janet Yellen said central banks should explore creating and issuing sovereign digital currencies. The hypothesis is that such currencies — digital dollars among them — could create “faster, safer and cheaper payments,” she said at a virtual conference. Get the...
St. Patrick’s Day is nearly upon us — an event associated with big parades, green beer and “Kiss Me, I’m Irish” buttons stuck to everything from hats to bagpipes. Wearing green is still in, but consumers will likely be doing their celebrating at home again...
Tampa Bay Buccaneers tight end Rob Gronkowski is selling over 300 non-fungible tokens (NFTs) spotlighting moments during this year’s Super Bowl and the other three Super Bowls of his career, according to a CNBC report on Tuesday (March 9). Get the Full Story Complete the...
There’s an old “Happy Days” episode that’s shorthand for when something’s become mainstream, yes, but the ridiculous has crept in, where a peak has passed, where gimmicks are suddenly in evidence. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Cipher Mining, a newly-formed bitcoin mining company, is filing to go public via a merger with Good Works Acquisition Corp., a special purpose acquisition company (SPAC). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
