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

Bankman-Fried Trades Cargo Shorts for Trousers as Trial Looms
Bankman-Fried Trades Cargo Shorts for Trousers as Trial Looms
September 29, 2023  |  Legal

The biggest white collar trial of the past 15 years starts next Tuesday (Oct. 3). And the defendant, Sam Bankman-Fried — the famously frumpled co-founder...

READ MORE >
Ripple Says the Global Economy Needs a Global Payment Scheme
Ripple Says the Global Economy Needs a Global Payment Scheme
September 29, 2023  |  Cross Border Commerce

Transforming the world takes time, even when innovations aim at just one part of it. That, at least on the surface, appears to be the...

READ MORE >
The US Has Passed Zero Crypto Legislation Since FTX Collapsed
The US Has Passed Zero Crypto Legislation Since FTX Collapsed
September 28, 2023  |  Cryptocurrency

In terms of the cryptocurrency industry, the U.S. legislative landscape has been remarkedly static. In the almost 11 months since the former face of crypto,...

READ MORE >
BIS and Central Banks Complete Test of Cross-Border Trading of CBDCs
BIS and Central Banks Complete Test of Cross-Border Trading of CBDCs
September 28, 2023  |  CBDC

The Bank for International Settlements (BIS) and three central banks concluded a central bank digital currency (CBDC) project. Project Mariana was developed by three BIS...

READ MORE >
PYMNTS Intelligence: How CUs Can Meet Members’ Cryptocurrency Expectations
PYMNTS Intelligence: How CUs Can Meet Members’ Cryptocurrency Expectations
September 28, 2023  |  Credit Unions

Cryptocurrencies have become a popular choice for consumers either seeking a novel, fast-moving and potentially lucrative investment opportunity or exploring alternative payment methods to fiat...

READ MORE >
Binance Exits Russia With Sale to Fledgling Crypto Firm CommEX
Binance Exits Russia With Sale to Fledgling Crypto Firm CommEX
September 27, 2023  |  Cryptocurrency

Binance says it will exit the Russian cryptocurrency market as part of its compliance strategy. The world’s largest crypto company announced Wednesday (Sept. 27) that it had agreed...

READ MORE >
Are Credit Unions Ready for Cryptocurrency?
Are Credit Unions Ready for Cryptocurrency?
September 27, 2023  |  Credit Unions

Few technologies have sparked more interest and controversy in recent years than cryptocurrency. The worldwide market capitalization of the digital currency hit more than $1...

READ MORE >
BlockFi Receives Court Approval for Liquidation Plan
BlockFi Receives Court Approval for Liquidation Plan
September 26, 2023  |  Cryptocurrency

Crypto lender BlockFi has reportedly been granted approval for its liquidation plan by a bankruptcy court. This decision brings a glimmer of hope for customers...

READ MORE >
New Technologies Needed to Stem the Rising Tide of Crypto Fraud
New Technologies Needed to Stem the Rising Tide of Crypto Fraud
September 26, 2023  |  Fraud Prevention

Advancements in digital banking and the proliferation of faster digital payment methods have accelerated the rise in sophisticated fraud and financial crime, with financial institutions...

READ MORE >