PYMNTS-MonitorEdge-May-2024

digital assets

Bakkt Cuts 13% of Staff as Execs Depart
Bakkt Cuts 13% of Staff as Execs Depart
May 06, 2024  |  Personnel

Bakkt is cutting staff after warning earlier this year about the future of the company. The cryptocurrency platform said in an April 29 securities filing that...

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Crypto Firms Engage in Aggressive Fundraising to Boost Valuations
Crypto Firms Engage in Aggressive Fundraising to Boost Valuations
May 05, 2024  |  Cryptocurrency

Cryptocurrency startups are reportedly engaging in aggressive fundraising as the digital asset space recovers. As Bloomberg News reported Saturday (May 4), this approach entails an...

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Crypto.com Looks to Sports to Capture Non-Crypto Audience 
Crypto.com Looks to Sports to Capture Non-Crypto Audience 
May 05, 2024  |  Cryptocurrency

Crypto.com wants to increase its sports sponsorships to reach a wider audience. The company is targeting sports as a driver to reach non-crypto enthusiasts and “will double...

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What CFOs Should Know About the Growing Use of Stablecoins
What CFOs Should Know About the Growing Use of Stablecoins
April 30, 2024  |  Cryptocurrency

Stablecoins, as their name implies, offer the benefits of cryptocurrency without the volatility. And with Visa having launched on April 25 the Visa Onchain Analytics Dashboard...

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Venezuelan Opposition Politician Warns of Crypto Use for Money Laundering
Venezuelan Opposition Politician Warns of Crypto Use for Money Laundering
April 29, 2024  |  Cryptocurrency

Venezuela is reportedly expected to increase its use of cryptocurrency when the United States reimposes oil sanctions on the country beginning June 1. A Venezuelan opposition...

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Stripe to Launch Support for Global Stablecoin Payments This Summer
Stripe to Launch Support for Global Stablecoin Payments This Summer
April 25, 2024  |  Blockchain

Stripe is bringing back crypto payments after stopping them in 2018. John Collison, co-founder of Stripe, said in a Thursday (April 25) post on X (formerly Twitter):...

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Bitcoin Halving Concludes as Investors Uncertain on Gains
Bitcoin Halving Concludes as Investors Uncertain on Gains
April 21, 2024  |  Cryptocurrency

Like the Summer Olympics and the presidential election, bitcoin’s “halving” comes every four years. The latest halving — a preprogrammed event that cuts the amount...

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Making Sense of Why FIs Are Tokenizing Real-World Assets 
Making Sense of Why FIs Are Tokenizing Real-World Assets 
April 19, 2024  |  Blockchain

The tokenization of real-world assets (RWA) is emerging as more than just a token exercise. It’s another function of the blockchain landscape that has captured...

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Crypto.com VC Arm Cautious of Outsized Valuations
Crypto.com VC Arm Cautious of Outsized Valuations
April 17, 2024  |  Cryptocurrency

Crypto.com’s venture capital unit has doubts about some of the sector’s steep valuations. That’s according to CEO Kris Marszalek, who spoke on the topic in...

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