PayPal USD (PYUSD) has made its debut on Venmo, offering select users a regulated, dollar-denominated stablecoin that is 100% backed by U.S. dollar deposits, short-term U.S. Treasuries...
The use of digital cash is growing. Americans currently leverage digital payments for many — if not all — of their daily purchases, using credit...
Cryptocurrency-trading business Genesis has stopped all its trading operations. The company is closing its international spot and derivates trading operation, after shutting down its U.S....
Genesis Global Trading, a U.S.-focused spot crypto trading business, will shut down its over-the-counter trading platform on Sept. 18. In an email sent to clients,...
The year 2023 will forever be remembered as the year the U.S. Securities and Exchange Commission (SEC) went to war with crypto. Determining who is...
A new Federal Reserve supervisory letter on the process for state member banks using dollar tokens, such as stablecoins, to facilitate payments has drawn the...
The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have proposed regulations that aim to “close the tax gap” in the sale and exchange of digital assets. These...
A central bank digital currency (CBDC) may not be in Australia’s near future. That’s according to a report issued Wednesday (Aug. 23) by the Reserve Bank of Australia and Digital...
The digital age is reshaping behavioral norms and business opportunities. The 21st century commercialization of innovations like blockchain-based cryptocurrencies and generative artificial intelligence (AI) have...