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

Coinbase Upbeat Despite $1.1B Loss, as Shares Sink 10%

Coinbase Upbeat Despite $1.1B Loss, as Shares Sink 10%
Coinbase Upbeat Despite $1.1B Loss, as Shares Sink 10%
August 09, 2022  |  Earnings

How bad was crypto exchange Coinbase’s second quarter? Well, one of the first things CEO Brian Armstrong said was, “there’s a phrase that we say...

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Crypto Exchange CoinFlex Seeks Restructuring, Cuts Staff, Costs up to 60%
Crypto Exchange CoinFlex Seeks Restructuring, Cuts Staff, Costs up to 60%
August 09, 2022  |  Cryptocurrency

CoinFLEX has announced its plans for restructuring in the wake of legal troubles, halted withdrawals and money losses, a company blog post said. Get the...

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Today in Crypto: Germany’s Exchange Nuri Files for Insolvency; Reserve Bank of Australia Explores CBDC Use Cases
Today in Crypto: Germany’s Exchange Nuri Files for Insolvency; Reserve Bank of Australia Explores CBDC...
August 09, 2022  |  Cryptocurrency

Jenny Johnson, CEO of money management giant Franklin Templeton, said in a Bloomberg interview that bitcoin is “the greatest distraction from the greatest disruption I...

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Security Firm: Slow Political Response Giving DeFi Hackers a Free Hand
Security Firm: Slow Political Response Giving DeFi Hackers a Free Hand
August 09, 2022  |  Cryptocurrency

Decentralized finance (DeFi) hacks cost crypto investors more than $2 billion in the first six months of the year alone. That’s more than in all...

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BoE Calls for Oversight in Metaverse Crypto Use
BoE Calls for Oversight in Metaverse Crypto Use
August 09, 2022  |  Cryptocurrency

The Bank of England (BoE) is warning that “robust consumer protection” would be needed if cryptocurrencies achieved widespread use inside the metaverse. Get the Full...

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With Tornado Cash Sanctions, Feds Seek to Lift Crypto’s Veil of Anonymity
With Tornado Cash Sanctions, Feds Seek to Lift Crypto’s Veil of Anonymity
August 09, 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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PYMNTS Cryptocurrency Glossary: Regulations, Legal and Crime
PYMNTS Cryptocurrency Glossary: Regulations, Legal and Crime
August 09, 2022  |  Cryptocurrency

Cryptocurrency is a confusing business with a language all its own, in part because it is a genuinely new way of doing business and in...

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Fourth BitMEX Figure Pleads Guilty to Failing to Implement AML, KYC Programs
Fourth BitMEX Figure Pleads Guilty to Failing to Implement AML, KYC Programs
August 09, 2022  |  Legal & Regulation

In the fourth admission to violations of U.S. law among top figures at BitMEX, the crypto exchange’s former head of development pleaded guilty to failing...

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