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

Report: Galaxy Digital Recruiting Investors for $100 Million Crypto Fund
Report: Galaxy Digital Recruiting Investors for $100 Million Crypto Fund
April 03, 2024  |  Cryptocurrency

Galaxy Digital Holdings is reportedly talking with outside investors to assemble a $100 million fund to invest in early-stage crypto companies. The planned Galaxy Ventures Fund...

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Messaging Platform Telegram Pivots to Crypto Payments for Ads 
Messaging Platform Telegram Pivots to Crypto Payments for Ads 
April 03, 2024  |  Cryptocurrency

Throughout nearly their entire history, cryptocurrencies have represented the archetypal innovation in search of a problem. And while they’ve succeeded as an unregulated store of value, as...

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BitMart Taps Banxa to Help Build Ecosystem for Native Crypto Token
BitMart Taps Banxa to Help Build Ecosystem for Native Crypto Token
April 02, 2024  |  Cryptocurrency

Digital assets trading platform BitMart has deepened its collaboration with cryptocurrency payment infrastructure provider Banxa to build the ecosystem for BMX, BitMart’s native token. Together, BitMart and Banxa will...

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UK and US Investigate $20 Billion in Crypto Transfers to Russia
UK and US Investigate $20 Billion in Crypto Transfers to Russia
March 28, 2024  |  Cryptocurrency

Authorities are reportedly investigating billions in cryptocurrency transfers that moved through a Russia-based exchange. The probe into the $20 billion-plus payments is part of efforts by...

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SBF May Be 57 When He Finishes Serving Time
SBF May Be 57 When He Finishes Serving Time
March 28, 2024  |  Legal

When the facts are crystal clear, often the only recourse is to appeal to emotion. That’s the tack that convicted crypto criminal and former FTX CEO Sam Bankman-Fried’s...

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Report: Crypto Remains Underregulated Around Much of the World
Report: Crypto Remains Underregulated Around Much of the World
March 28, 2024  |  Cryptocurrency

As of last June, most of the world’s governments hadn’t begun regulating the cryptocurrency sector. That’s according to a new report by the Financial Action Task...

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US Imposes Sanctions on 13 Russia-Linked Crypto FinTechs
US Imposes Sanctions on 13 Russia-Linked Crypto FinTechs
March 26, 2024  |  Cryptocurrency

The U.S. has sanctioned 13 Russia-linked FinTechs for allegedly using cryptocurrency to evade bans. “Russia is increasingly turning to alternative payment mechanisms to circumvent U.S....

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FTX CEO Slams Bankman-Fried’s ‘Nonexistent’ Remorse
FTX CEO Slams Bankman-Fried’s ‘Nonexistent’ Remorse
March 21, 2024  |  Legal

FTX’s CEO says Sam Bankman-Fried’s deception didn’t stop with his fraud conviction.  In a victim impact statement filed Wednesday (March 20) ahead of Bankman-Fried’s sentencing...

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Dogecoin Value Surges 15% After Elon Musk’s Remarks
Dogecoin Value Surges 15% After Elon Musk’s Remarks
March 15, 2024  |  Cryptocurrency

Elon Musk has once again stirred up the cryptocurrency market by suggesting that dogecoin (DOGE) should be accepted as a payment method for Tesla vehicles....

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