PYMNTS-MonitorEdge-May-2024

crypto

A 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

FTX Amasses $4.4 Billion Stockpile as Customers Await Repayment
FTX Amasses $4.4 Billion Stockpile as Customers Await Repayment
January 28, 2024  |  Cryptocurrency

FTX has reportedly been selling crypto assets and stockpiling cash as it looks to repay customers. Those customers’ accounts have been in limbo since the cryptocurrency...

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Bakkt Expands Crypto Trading Capabilities to 5 More Countries
Bakkt Expands Crypto Trading Capabilities to 5 More Countries
January 24, 2024  |  Cryptocurrency

Bakkt has expanded its crypto trading capabilities to Brazil, Guatemala, Spain, Hong Kong and Singapore. This expansion broadens Bakkt’s footprint in Latin America and marks its...

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Bitcoin Falls Amid Investor Profit-Taking After Recent High 
Bitcoin Falls Amid Investor Profit-Taking After Recent High 
January 23, 2024  |  Bitcoin

Bitcoin continued its recent decline, falling below $39,000 on Tuesday.  This marks the world’s largest cryptocurrency’s lowest level since December and comes after a 2.5%...

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Terraform Labs Files for Bankruptcy
Terraform Labs Files for Bankruptcy
January 22, 2024  |  Cryptocurrency

Terraform Labs, whose collapse triggered a wider cryptocurrency market earthquake, has filed for bankruptcy. The Singapore-based digital asset company filed for Chapter 11 in Delaware Sunday (Jan....

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Report: Dismissal of SEC Lawsuit Against Coinbase Could Be Decided by Spring
Report: Dismissal of SEC Lawsuit Against Coinbase Could Be Decided by Spring
January 21, 2024  |  Cryptocurrency

The SEC’s suit against Coinbase could be decided in the next three months. The Securities and Exchange Commission (SEC) sued the cryptocurrency firm last year, and Coinbase went...

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Court Orders Independent Bankruptcy Examiner to Investigate FTX Collapse 
Court Orders Independent Bankruptcy Examiner to Investigate FTX Collapse 
January 19, 2024  |  Legal

A federal appeals court has ordered an investigation into the collapse of bankrupt cryptocurrency exchange FTX.  The court agreed with a government watchdog’s argument that appointing...

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Circle CEO: ‘Good Chance’ US Adopts Stablecoin Rules in 2024
Circle CEO: ‘Good Chance’ US Adopts Stablecoin Rules in 2024
January 15, 2024  |  Cryptocurrency

Circle’s CEO is confident that 2024 will be the year America adopts stablecoin legislation. While the U.S. has no federal cryptocurrency legislation, Jeremy Allaire, whose...

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PTPShopy Debuts Crypto Payment Platform for Businesses
PTPShopy Debuts Crypto Payment Platform for Businesses
January 15, 2024  |  Cryptocurrency

Business-focused cryptocurrency payment gateway PTPShopy announced it had begun operations Monday (Jan. 15). “For software or hosting providers, PTPShopy presents a superior SaaS crypto payment solution, enabling easy integration...

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OpenSea Wants NFTs to Evolve as Market Plunges 63%
OpenSea Wants NFTs to Evolve as Market Plunges 63%
January 14, 2024  |  NFTs

Last year was not a good one for non-fungible tokens (NFTs). Sales for the blockchain-based digital assets fell 63% to $8.7 billion in 2023, even with volume...

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