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SEPTEMBER 20, 2016

While various criminals have tried it, the “bitcoin isn’t money, therefore I can not be guilty of a financial crime” defense never really works out. As in Jed Rakoff’s unrelated 2014 case, the New York Judge ruled that the virtual currency met that definition. Prosecutors have argued that Coin.mx

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PYMNTS

OCTOBER 1, 2018

31, 2018, will mark the 10th anniversary of the day that a link to a paper , authored by Satoshi Nakamoto , describing the digital currency called bitcoin was first publicly circulated. Ten years after bitcoin launched, it remains the go-to currency of criminals and a way for cybercrooks to wash their money. The end of this month, Oct.

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PYMNTS

JANUARY 3, 2019

3) that it will pay a portion of its state business taxes in Ohio in bitcoin, becoming the first major U.S. company to pay state taxes in bitcoin. Paying taxes via bitcoin is not the first milestone for the online retailer, which is morphing into a leader in blockchain technology and cryptocurrency. Ohio is the first U.S.

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PYMNTS

MARCH 31, 2017

This past week proved once again that it’s tough to be a bitcoin fan. In another blow to bitcoin legitimacy, the U.S. Securities and Exchange Commission (SEC) has denied the second bitcoin-based ETF bid up for consideration in the month of March — the Intercontinental Exchange, Inc.’s Well, as long-term as bitcoin value can be.

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Payments Source

JUNE 19, 2017

For digital-marketing agency Cooperatize.com, taking bitcoin for payment in 2014 was easy enough, all co-founder Roger Wu had to do was obtain a digital wallet. The number of transactions the New York-based firm has made since?

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PYMNTS

SEPTEMBER 27, 2018

Scrabble has added the word ‘bitcoin’ to the list of words that players can officially use in its popular board game, CNBC reported. According to its dictionary, bitcoin is defined as “a digital currency.”. That is, Merriam-Webster included the cryptocurrency in its newest official dictionary for Scrabble.

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PYMNTS

JANUARY 23, 2018

Four years after Stripe began accepting bitcoin, the payments platform has decided to end support for the popular cryptocurrency. The company said bitcoin’s volatility and lengthy transaction times led to its decision, TechCrunch reported. Since then, the value of bitcoin has skyrocketed, reaching nearly $20,000 in 2017.

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PYMNTS

MARCH 3, 2017

Bitcoin’s market cap is currently well over $20 billion as value rose well over $200 in the past two weeks. At the time of writing, bitcoin was worth $1,270.86, up 3.32 As bitcoin rose, TechCrunch noted that the value of 1 BTC had actually surpassed the value of an ounce of gold — the go-to alternative asset.

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PYMNTS

MARCH 4, 2019

Bitcoin has had its ups and downs over the last few weeks. According to MarketWatch , a single bitcoin on Monday was selling for $3,714.60, down 1.9 Crypto Analyst Willy Woo explained that, since it is currently a bear market, bitcoin’s value could decline even further. percent since Sunday’s (March 3) level at 5:00 p.m.

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PYMNTS

MARCH 7, 2019

In other news, blockchain security company CipherTrace revealed details of the first Canadian court case to use a bitcoin expert witness. As a result, the Ontario Attorney General is seeking to confiscate 288 bitcoins. “As billion coming from the SamSam attack.

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CB Insights

FEBRUARY 3, 2017

While bitcoin has continued to gain recognition as a store of value—with 2016 seeing upticks in bitcoin demand, especially amidst political unrest—many investors and industry leaders have also made investments aimed at developing bitcoin’s underlying technology, blockchain. At the most basic level, … Continued.

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PYMNTS

DECEMBER 19, 2016

Bitcoins have recently gained interest as a protective measure. Government agencies and banks have started to hoard bitcoin to ward off hackers. But still bitcoin users stay a minority. However, analysts are predicting that Venezuelans will be buying bitcoin more as the country faces more economic uncertainty.

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PYMNTS

JUNE 2, 2020

ET, Bitcoin was trading at $9,501.58, representing a 0.95 Some analysts told CoinDesk they expected Bitcoin to reach $11,000. Bitcoin is no stranger to volatility. The price of Bitcoin approached $9,000 and traded at $8,816 on Jan. percent on March 31, its highest since January 2014. At 4:30 p.m.

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PYMNTS

JANUARY 25, 2018

Should 50 Cent change his name to … 50 bitcoin? The rapper agreed to accept the cryptocurrency for a 2014 album – “Animal Ambition” – when one coin was only valued at a few hundred dollars, but he apparently never cashed in the 700 bitcoins from the sale. His bitcoin holdings are now worth more than $7.5

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CB Insights

MARCH 23, 2017

Bitcoin and blockchain investors may be signaling caution. While the number of total deals grew from 143 in 2014 to 161 … Continued. Check out even more content at Future of Fintech 2017. Use code “FoFInsights” to get $1000 off your ticket.

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FEBRUARY 3, 2020

Marshals Service is auctioning roughly $40 million in bitcoin, CoinDesk reported on Monday (Feb. The auction of 4,040 confiscated bitcoin — worth $37.7 Investor Tim Draper won nearly 30,000 bitcoin across 10 auction blocks. . million at press time — is for people who are registered to bid by Feb. This is the first U.S.

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PYMNTS

FEBRUARY 14, 2017

and Japan are making a bet that the price of bitcoin will go up, buying or offering to buy claims from the thousands of former trading account holders who saw their bitcoin holdings evaporate when Mt Gox, one of the world’s biggest bitcoin exchanges at the time, filed for bankruptcy in Feb. Four or more hedge funds in the U.S.

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PYMNTS

NOVEMBER 2, 2018

JPMorgan Chase CEO and Chairman Jamie Dimon is not a huge fan of bitcoin and offered a comment on the cryptocurrency’s 10th anniversary, Financial News reported. MarketWatch said “the gist of his response” was “I didn’t want to be the spokesman against bitcoin. ” The executive has long been a skeptic of bitcoin.

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PYMNTS

DECEMBER 18, 2018

Customers can now instantly convert between bitcoin and ethereum, ethereum classic, litecoin, 0x, or bitcoin cash (BCH) on both Coinbase.com and in the company’s iOS and Android apps. Yet Medici has been burning cash since its lauch in 2014. But Overstock CEO Patrick Byrne isn’t deterred.

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PYMNTS

JUNE 27, 2016

A startup in Singapore offering bitcoin exchange and cryptocurrency services just secured another major round of funding. This follows its $2 million Series A round in December 2014. Positioning a legal framework around bitcoin could also help establish an infrastructure to bring bitcoin into Japan’s mainstream financial ecosystem.

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PYMNTS

JUNE 18, 2018

Square , the payments company founded by Jack Dorsey, has received a license to enable residents in New York state to buy and sell bitcoin via its Cash App. Brian Grassadonia, the head of Square’s Cash App , said in the same press release that the license will make it quick and easy to buy and sell bitcoin. Didn’t see much.

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PYMNTS

MAY 7, 2020

The company was started in 2014 and has 28 staffers and over 3,500 locations throughout 27 states. Abra has brought on additional digital currency services and coins, as well as attracted further venture funding after its 2014 rollout as a bitcoin remittances app.

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Ikajo

JANUARY 22, 2022

Why should sellers look for bitcoin payment gateways? Cryptocurrencies, along with bitcoin, functionalize too long to ignore them. Statista shares that bitcoin’s market capitalization formed 53% of the total cryptocurrencies’ market cap in 2019. It’s by searching for the bitcoin merchant services. The answer is simple.

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Payment Gateways Gateways Bitcoin Payment APIs and Integration 52

PYMNTS

JULY 7, 2019

Are new bitcoin rules coming? According to The Wall Street Journal , “the Internal Revenue Service is expected to update its 2014 guidance on cryptocurrencies in coming weeks, following an April request from a bipartisan group of 20 lawmakers. It is part of a broader push to boost the nascent cryptocurrency industry.”

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PYMNTS

JULY 29, 2016

While computer breaches and malicious emails are commonplace online, when it comes to bitcoin, it can also be dangerous offline in the real world. According to a report , a man in Florida was allegedly robbed at knifepoint while trying to sell $28,000 in bitcoin. The government has seized $4.5

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Bitcoin Law Enforcement Digital Currency Crime 42

Payments Source

MARCH 15, 2019

Mark Karpeles, a central figure in the early days of Bitcoin who presided over the dramatic 2014 collapse of the world’s biggest cryptocurrency exchange, was found guilty of tampering with financial records but will likely avoid jail time after receiving a suspended sentence.

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PYMNTS

DECEMBER 8, 2017

A cryptocurrency mining market in Slovenia, which lost millions in bitcoin in a Wednesday (Dec. 7), halting its work as it tried to piece together just how it was hacked and how much bitcoin went missing. Early estimates came in around 47,000 bitcoins, but the number has since risen.

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PYMNTS

DECEMBER 23, 2016

Bitcoin is ending the year on a good note, with the total value of bitcoin in circulation reaching more than $14 billion on Thursday (Dec. According to a report , the value of bitcoin increased 5 percent alone on Thursday, reaching its highest levels in three years and more than doubling in price.

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PYMNTS

DECEMBER 19, 2019

The IRS hasn’t changed the guidelines since 2014, when the crypto market was younger and there weren’t as many people holding digital assets. Lukka was formed in 2014 and was formerly called Libra, and it’s one of the first crypto investor accounting firms. In other bitcoin news, U.K.-based

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PYMNTS

JULY 29, 2016

More importantly, cash is actually the preferred currency of illegal transactions and terrorist financing; so while the effect of this proposal may not do much for terrorism or money laundering, it is likely to increase the friction associated with bitcoin transactions. Is The Bank of Japan Helping Bitcoin ?

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PYMNTS

DECEMBER 8, 2017

The others, however, are working with more cutting-edge tech, including bitcoin and artificial intelligence (AI), and just so happened to see the largest funding rounds of the week. based BitPay works with financial institutions, corporations and consumers to facilitate payment acceptance and initiation using bitcoin.

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B2B Bitcoin AI Payments 55

PYMNTS

JUNE 1, 2016

It appears, once again, that the Dark Web and bitcoin aren’t untraceable. A new court case has shown this after it was revealed in documents that two men allegedly stole 5,400 bitcoin from an underground illegal online drug site called Sheep Marketplace. Just in case there was any doubt. million, to be precise.

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PYMNTS

JANUARY 6, 2017

This week’s Bitcoin Tracker is like a game of good news, bad news. Whoever “they” are, they’re not likely to be part of the crowd who were hoping that bitcoin’s $1,000 break would last longer than it did. Bitcoin was riding high until yesterday (Jan. 5, 2017, bitcoin was worth $1,153.02. At 8:00 a.m. UTC on Jan.

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PYMNTS

JUNE 25, 2018

When we first started taking bitcoin, I said back then four years ago, the main event of bitcoin isn’t bitcoin — it’s this thing called blockchain. Byrne is considered a blockchain technology leader: Overstock became the first major retailer to accept the cryptocurrency in 2014.

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Blockchain Bitcoin Cryptocurrency Economy 70

PYMNTS

AUGUST 10, 2018

announced that it would accept Bitcoin Cash payments from customers, according to a new report. In 2014, the satellite company became one of the first providers to accept bitcoin. The new policy was made possible under an agreement with BitPay , which provides streamlined payments for bitcoin and Bitcoin Cash.

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PYMNTS

MAY 1, 2018

Square ’s stock fell almost 4 percent on Monday (April 30), after a short seller tweeted that the company’s bitcoin efforts might be overhyped, CNBC reported. “SQ-Cash And Warren Buffett doesn’t see bitcoin as an investment, CoinDesk reported. SQ-Cash to BTC trading has been insignificant,” Citron Research tweeted.

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AUGUST 3, 2018

In addition, Snow ruled on the forfeiture of the nearly 81 bitcoins Costanzo provided to an undercover agent in a money laundering transaction then worth $107,000. The Justice Department said the bitcoins are worth more than $600,000 today. The news comes after Costanzo was convicted of using the cryptocurrency to launder drug money.

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