PYMNTS

JULY 26, 2019

The IRS is expanding efforts involving virtual currency, including increased use of data analytics,” said IRS Commissioner Chuck Rettig. In March of last year, digital currency company Coinbase was compelled by law to provide information for around 13,000 accounts. at the World Bank.

IRS

PYMNTS

DECEMBER 2, 2016

Gox exchange back in 2013, its price has been trending upward for over a year-and-a-half. It is important to us that everybody gets on board and prepares themselves for the revolution set to take place in the business world through blockchains, smart contracts and digital currencies.”. feeling a bit wary about their privacy.

Bitcoin

PYMNTS

FEBRUARY 6, 2017

3) said the RBI issued a new notice to users of bitcoin that warn them that they should be extremely cautious when transacting using the digital currency. It’s a warning worth noting, reports said, considering India seems to be on the forefront of digital currencies. Reports Friday (Feb.

Bitcoin

PYMNTS

SEPTEMBER 20, 2019

Investors are saying the XRP sale was “ongoing,” but Ripple pointed out that the sale first took place in 2013, which would place it outside the three-year window. Ripple also claimed the investors did not buy XRP directly from the company and noted that California consumer laws don’t override federal securities laws.

Security

PYMNTS

JULY 2, 2020

Zuckerberg testified in 2018 on Facebook’s use personal data of millions of users without their permission, and about its company’s proposed digital currency, Libra, last year. Cook testified in 2013 about Apple’s payment of taxes, CNBC reported.

Federal Trade Commission

PYMNTS

DECEMBER 23, 2016

22), setting an all-time high for the alternative digital currency. While bitcoin is poised for a record Thursday, it is still far off its peaks seen in late 2013 when the currency was worth a high of $1,163 on the Bitstamp exchange, noted the report. That’s because the majority of bitcoin trading is conducted in China.

Bitcoin

PYMNTS

SEPTEMBER 15, 2017

Diehards, however, are still crying “ hodl ” — the cryptocurrency community’s rallying cry, inspired by an enthusiastic misspelling of “hold” in a 2013 Reddit thread. Hodlers resist the temptation to sell off their digital assets just because the price is high and may potentially be in a bubble. Like the FCA said: highly speculative.

Bitcoin

Clearly Payments

MARCH 4, 2024

Additionally, the rise of digital currency platforms has introduced new challenges, as seen in the Liberty Reserve scandal, where billions of dollars were laundered through its platform. Target Data Breach (2013) In the saga of payment processing fraud, few chapters loom as large as the Target data breach of 2013.

Phishing

PYMNTS

NOVEMBER 1, 2016

Bitcoin, it seems, is out — the cool digital currency taking the world by storm now is Zcash, a product designed by academics to be all but untraceable. It has already secured $3 million in backing from a number of Silicon Valley venture capitalists who are involved in the virtual currency industry. “The

Law Enforcement

PYMNTS

APRIL 2, 2019

And its reportedly the end of one of the first regulated exchanges for digital currencies, Gatecoin, The Next Web reported. The exchange, which was rolled out in 2013, had its main focus on ethereum, bitcoin and token markets based on ethereum. In other notes, bitcoin price reached the highest intraday level since Dec.

Bitcoin

PYMNTS

FEBRUARY 24, 2017

30, 2013, was $1,165.89, according to CoinDesk. Last month, the central bank and government of the United Arab Emirates had drawn up regulatory frameworks for FinTech and digital payments at large. At the time of writing, bitcoin’s price sat at $1,149 even, up 2.39 percent over Wednesday’s close.

Bitcoin

CB Insights

OCTOBER 31, 2019

And before proposing its cryptocurrency project, Project Libra , Facebook secured several patents related to digital currencies. This recently granted patent (which was originally filed in 2013) takes a slightly new tact for the social network giant.

Digital Currency

PYMNTS

MARCH 3, 2017

The prospect of a bitcoin ETF has investors betting big on digital currency; SEC approval could be a major milestone in the journey toward bitcoin legitimacy. “If

Bitcoin

PYMNTS

JUNE 13, 2018

dollar and created by Bitfinex’s owners, could be used to buy other digital currencies, such as bitcoin. Griffin and Shams also found that the pattern extends to price increases of Zcash and Ether — both digital currencies that one can purchase with Tether. Even so, Bitfinex’s Chief Executive J.L.

Bitcoin

PYMNTS

JULY 11, 2017

Gox maintains that hackers were to blame for the lost Bitcoin, and that the hackers gained access to the digital currency through a security flaw in the system. Gox account holding customer funds to an account in his name between September 2013 and December 2013.

Bitcoin

PYMNTS

JUNE 17, 2016

But Canada isn’t the only one this week eyeing an alternative digital currency. Tokyo Wants A Piece Of The Digital Currency Pie, Too. The bank is reviewing its own digital currency option that uses the same underlining technology. This event is expected to occur in roughly 23 days.

Bitcoin

PYMNTS

OCTOBER 7, 2016

Morgan Stanley predicts Indian online sales will hit $100 billion a year by 2020, up from $3 billion in 2013. million in a pre-Series A round, the largest amount raised for a digital currency company in India. ShapeShift launched in 2013 with Erik Voorhees as its owner in early 2015.

Bitcoin

PYMNTS

MARCH 21, 2017

Coinbase facilitates transactions of digital currencies like bitcoin and ethereum. The documents asked for all United States Coinbase customers who transferred convertible virtual currency (in this case, bitcoin, since the company did not trade ethereum at the time) from 2013 to 2015.

IRS

PYMNTS

MAY 26, 2020

Founded in 2013 by Grant Bissett and Dominic Pym, Pin Payments serves more than 12,000 businesses across Australia and New Zealand. The group was founded by Facebook to launch the social media company’s entry into digital currency.

Payments

PYMNTS

MAY 23, 2019

Copel of DAV.Network purchased bitcoins in 2011 and sold them in 2013 at a profit of 8.27 He argued that the crypto should be treated as a foreign currency and not be taxed. But Judge Shmuel Bornstein explained that bitcoin as a cryptocurrency “could cease to exist and be replaced by another digital currency.

Bitcoin

PYMNTS

JULY 29, 2016

Manos, who said he had met with the two individuals in the past, gave them $28,000 in cash, but instead of getting the digital currency, the two took off with the money. This theft, which occurred in 2013, caused the Sheep Marketplace to close down. The government has seized $4.5

Bitcoin

PYMNTS

MAY 13, 2016

Of course, when the former commissioner, Bart Chilton, says bitcoin, he’s talking blockchain and all digital currencies. So, why digital currencies? Current CFTC Commissioner Chris Giancarlo recently (and rightly) called for such protection for digital currency. Fair point. His comparison?

Bitcoin

PYMNTS

AUGUST 14, 2018

In a press release , the company said the Series B round of financing was led by Goldman Sachs and Nyca Partners, with participation from Andreessen Horowitz, Citi, Coatue Management, Digital Currency Group, F-Prime Capital, Franklin Templeton Investments, J.P. Morgan, NEX Group, Wells Fargo, and Y Combinator.

Blockchain

Finovate

APRIL 5, 2024

Also participating in the funding were VC firms Digital Currency Group, Verod-Kepple Africa Ventures, and Alter Global. Zone’s technology digitizes fiat payments and enables the transition to digital currencies. Drive Revenue – Founded in 2013. Headquartered in Cape Town, South Africa.

Finance

PYMNTS

OCTOBER 7, 2019

Agarwal, who founded OYO in 2013, will triple his interest in the firm with a $700 million investment to purchase new shares, bringing its valuation to $10 billion. India Lodging Startup OYO Raises $1.5B Led by Founder, SoftBank. OYO announced a $1.5 PayPal Bails on Libra. News came Friday (Oct. News came Friday (Oct.

PayPal

PYMNTS

JUNE 3, 2016

Every time bitcoin shoots above the $500 mark, the digital currency world starts buzzing about why bitcoin is here to stay and why it’s going to shoot above the $600 mark soon. But we’ll be watching bitcoin’s price fluctuations closely, as always, to see what may be in store for the digital currency’s future.

Bitcoin

CB Insights

MARCH 29, 2018

Specifically, Overstock (182 mentions), Nasdaq (57 mentions), Broadridge Financial Solutions (51 mentions), IBM (48 mentions), and Luxoft (25 mentions) are among companies that have talked about it the most on earnings calls since 2013. And it’s small because when it gets big, somebody will be able to build custom ASIC.

Blockchain

PYMNTS

OCTOBER 26, 2017

In particular, bitcoin – the first and best known unregulated, exclusively digital currency – was trading near $6,000 as of late October 2017, with some analysts predicting that in the future, prices will peak somewhere north of $10,000. But despite the currency’s rapid growth in value, not everyone is fond of it.

Cryptocurrency

PYMNTS

JUNE 10, 2016

But Circle, which has grown quickly since founding in 2013, comes well-financed and with a clear vision for what it wants to be — the firm that uses bitcoin (and other digital currency) as the tech that can transfer any currency anywhere.

Regulations

PYMNTS

DECEMBER 29, 2016

27), asked the court to dismiss the motion filed by the Coinbase customer and let the IRS proceed with issuing a so-called “John Doe” summons to Coinbase, which would require Coinbase to hand over information on all Coinbase customers who transferred bitcoin from 2013 to 2015.

IRS

Fintech Labs Insights

SEPTEMBER 19, 2016

The news last week that Ripple raised $55 million in Series B financing is a reminder of how a growing number of financial institutions are using digital currencies to improve the cross-border payments process.

Cross-Border Payments

Fintech Labs Insights

NOVEMBER 2, 2015

And in September, iSignthis teamed up with the largest digital currency processor in Europe, Coinify. Founded in 2013 and headquartered in Melbourne, Victoria, Australia, iSignthis made its Finovate debut at FinovateEurope 2015 in London. The post iSignthis Completes $10 Million Capital Raise appeared first on Finovate.

Card Issuer

Finovate

NOVEMBER 20, 2024

Coinbase acquires Utopia Labs Digital currency wallet and platform Coinbase announced that the team from Utopia Labs will join its efforts to enhance Coinbase’s onchain payments roadmap within Coinbase Wallet. Today, Nubank offers one of the largest digital banking platforms in the world.

Rules

PYMNTS

JUNE 20, 2016

But market conditions have also made it more difficult than ever to understand how much money a firm has, where it is, who it’s going to and what form of currency it’s in. Digital currencies, cybercrime and complexities of the accounts payable process combine into a mountain of challenges for corporate financial chiefs.

Email Compromise

PYMNTS

MAY 10, 2019

currency errors as blank sides of banknotes, different denominations on each side of a particular note (those mistakes are pretty rare, meaning the currency in question is quite valuable), and mismatched serial numbers. It’s not only currency, either. It has listed such U.S. Other Typos. to $5.00.

Authorization

PYMNTS

SEPTEMBER 9, 2016

In 2012, according to Forbes , while vacationing in Ibiza, the fraternal entrepreneurs were introduced to bitcoin and fancied its chances as an alternative to fiat currencies. Now, the once-sleepy town is planning to attract virtual currency and technology startups to become “Crypto Valley.”

Bitcoin

PYMNTS

FEBRUARY 22, 2019

The rise of formjacking accompanies the decline of ransomware attacks, which according to the report are down 20 percent year-on-year — the first decline since they began emerging on the scene in 2013.

Ransomware