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

Bankman-Fried: I Trusted FTX’s Lawyers to Guide Company
Bankman-Fried: I Trusted FTX’s Lawyers to Guide Company
October 26, 2023  |  Legal

FTX founder Sam Bankman-Fried says the company’s ex-attorneys were central to its collapse last year. That testimony came Thursday (Oct. 26) afternoon during Bankman-Fried’s criminal...

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Bitcoin Reaches $35,000 Thanks to ETF Anticipation
Bitcoin Reaches $35,000 Thanks to ETF Anticipation
October 24, 2023  |  Bitcoin

Investor optimism about the future of exchange-traded funds (ETFs) has apparently been good for bitcoin. As Bloomberg News reported Tuesday (Oct. 24), the world’s largest cryptocurrency...

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Ferrari Hopes Crypto Payments Can Widen Customer Base
Ferrari Hopes Crypto Payments Can Widen Customer Base
October 15, 2023  |  Cryptocurrency

Ferrari has reportedly begun accepting cryptocurrency payments for its vehicles in the U.S. That’s according to a Saturday (Oct. 14) report by Reuters, citing comments...

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Report: Hamas Received $41 Million in Crypto Since 2021
Report: Hamas Received $41 Million in Crypto Since 2021
October 10, 2023  |  Cryptocurrency

The recent attack on Israel by Hamas reportedly may have been funded in part by cryptocurrency.  A review of Israeli government seizure orders and blockchain...

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Crypto Funding and Deals Hit Three-Year Low
Crypto Funding and Deals Hit Three-Year Low
October 08, 2023  |  Cryptocurrency

Last year’s “crypto winter” apparently extended into the summer of 2023. That’s according to a recent report by blockchain intelligence firm Messari on the state...

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‘Significant’ Number of Crypto Firms Could Fail UK Standards
‘Significant’ Number of Crypto Firms Could Fail UK Standards
October 08, 2023  |  Cryptocurrency

The U.K.’s financial watchdog is launching a crackdown on cryptocurrency companies that violate new standards. The Financial Conduct Authority (FCA) is set to begin updating its warning...

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FTX’s Former Customers Face ‘Nightmare’ Recovery Process
FTX’s Former Customers Face ‘Nightmare’ Recovery Process
October 05, 2023  |  Cryptocurrency

Nearly a year after FTX’s collapse, the cryptocurrency exchange’s customers are still hurting. Some have formed support groups. Others, per a report Thursday (Oct. 5) by Reuters, have...

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Jury Selection Completed in Sam Bankman-Fried Trial
Jury Selection Completed in Sam Bankman-Fried Trial
October 04, 2023  |  Legal

Jury selection has been completed in the criminal fraud trial of Sam Bankman-Fried, the co-founder of FTX cryptocurrency exchange.  The trial, which began Tuesday (Oct....

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Celsius Network Seeks Court Approval for Bankruptcy Exit Plan
Celsius Network Seeks Court Approval for Bankruptcy Exit Plan
October 03, 2023  |  Cryptocurrency

Celsius Network is reportedly seeking court approval on a bankruptcy exit plan that would allow it to restart as a user-owned bitcoin miner. The failed...

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