The 2014 collapse of Mt. Gox served as one of the first, big crypto scandals. Over 100,000 creditors of the digital asset exchange lost over $9.4 billion worth of bitcoin — and now, nearly 10 years later, the exchange announced that it is (finally) set...
Stripe and Coinbase have partnered to expand the global adoption of cryptocurrency and provide faster, cheaper financial infrastructure. This collaboration aims to serve businesses and people around the world, Coinbase said in a Thursday (June 27) blog post. With this partnership, Stripe will add USDC...
One motivation for Block’s investment in bitcoin is to learn about the technology and how to use it. The company invests 10% of its gross profit from bitcoin products each month into buying more bitcoin; allocates less than 3% of its resources to bitcoin-linked projects;...
Cryptocurrency firm Abra and its CEO and largest equity owner Bill Barhydt have reached a settlement with 25 state regulators. The settlement follows the states’ finding that Abra and Barhydt operated a mobile app for buying, selling, trading and investing in crypto without receiving the...
Bankrupt cryptocurrency exchange FTX is set to ask permission to repay customers in cash. As Reuters reported Tuesday (June 25), the company will ask a judge to allow its customers to vote on a liquidation plan that would allow the cash repayments, despite protests from some customers who...
Cryptocurrency exchange BitoGroup and Far Eastern International Bank Bankee have partnered to launch a dedicated “crypto-friendly bank account.” With this collaboration between the crypto exchange and the financial institution, the companies aim to improve user confidence in transactions and improve the image of crypto, BitoGroup said...
As has played out over and over across the payments landscape, end-users ultimately want simplicity. After all, no payment innovation can scale if it isn’t easy and intuitive to use. That has proved to be troublesome for the adoption and utility of cryptocurrencies as a...
A group of FTX customers say $8 billion of the company’s forfeited assets are rightfully theirs. As Coindesk reported Tuesday (June 17), these customers are seeking a ruling that those forfeited assets do not belong to the failed cryptocurrency exchange’s bankruptcy estate. This latest legal action comes weeks after...
Tether has launched a new digital asset called Alloy by Tether, which is backed by Tether Gold. This asset aims to “redefine stability in the digital economy” by combining the strengths of a stable unit of account with the security and reliability of gold, the company said...
