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JULY 13, 2020

Two Nigerian scammers known for allegedly defrauding American companies for tens of millions of dollars that they transferred into bitcoin were extradited to the U.S. Ponle, according to the complaint, wasn’t that concerned with covering his tracks — he reportedly used the same address on the Bitcoin network since 2014.

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PYMNTS

JANUARY 22, 2018

Due to high risks and “insufficient” protection, the Nordic region’s largest bank will ban its approximately 31,000 employees from trading in cryptocurrencies such as bitcoin, the company said on Monday (Jan. While Nordea will not force employees to sell cryptocurrencies that they currently own, the bank recommends that they do so.

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PYMNTS

NOVEMBER 4, 2016

It’s been a varied week for bitcoin. First, some positive news: Bitcoin’s upward pricing trend continues, more or less. It opened this morning with a value of $742 and peaked at $744 (about as close as bitcoin has come to its year high since it hit $768 back in June). The reputation of bitcoin precedes it.

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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

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. That is, Merriam-Webster included the cryptocurrency in its newest official dictionary for Scrabble. According to its dictionary, bitcoin is defined as “a digital currency.”.

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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

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

JUNE 2, 2020

It took just four minutes for Bitcoin’s price to take a dramatic dive of more than $800 Tuesday (June 2) as the cryptocurrency market saw red, CoinDesk reported. Eastern Time (ET) when the cryptocurrency was trading above $10,137. ET, Bitcoin was trading at $9,501.58, representing a 0.95 But by 14:49 UTC or 10:49 a.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 The auditing giant used data from the U.S. billion coming from the SamSam attack.

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PYMNTS

JANUARY 25, 2018

In possibly the latest crime involving cryptocurrency, U.S. 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.

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PYMNTS

DECEMBER 18, 2018

Coinbase has announced the launch of Convert, a new service that allows customers to convert one cryptocurrency into another at a lower cost than if completed in two separate transactions. Yet Medici has been burning cash since its lauch in 2014. But Overstock CEO Patrick Byrne isn’t deterred.

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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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PYMNTS

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. . A PCN enables users to charge accounts with a pre-defined level of cryptocurrency.

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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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The Fintech Times

APRIL 22, 2024

Technology The decentralised network connected through a network of computers or nodes underlies blockchain technology, synonymous with cryptocurrencies. At its core, Web3 employs blockchains, cryptocurrencies, and NFTs to return ownership to users. It’s like Bitcoin and has a high market cap, this one I heard about in the news.

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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.

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PYMNTS

AUGUST 9, 2017

Cryptocurrencies just made a huge leap from use in the financial arena to mainstream. Though currencies like bitcoin and Ethereum have been typically reserved for higher-level interactions, this new development is pulling it farther into more everyday uses. Overstock CEO Patrick M.

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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. For now, there are no specific laws around bitcoin, which means bitcoin is already legal.

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PYMNTS

OCTOBER 20, 2017

“Big banks and financial services firms were the first corporate players to make direct blockchain investments en masse — unsurprising, given how bitcoin’s underlying technology lends itself (both technically and in popular thought) to financial services,” said CB Insights in a report.

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PYMNTS

DECEMBER 19, 2019

Cryptocurrency accounting firm Lukka has released a new service that will figure out the taxes on crypto assets, according to a report by CoinDesk. 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. In other bitcoin news, U.K.-based

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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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CB Insights

FEBRUARY 16, 2021

Among plenty of emerging use cases, the technology aims to create a new and improved payments system for the world — one that’s secure, transparent, decentralized, fast, and uses cryptocurrencies (types of digital cash) as a means of exchange. But the value of most cryptocurrencies, especially bitcoin, fluctuates on a daily basis.

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Stablecoins Multi-Currency Cryptocurrency Bitcoin 101

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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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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PYMNTS

OCTOBER 26, 2017

The site accepts bitcoin as a form of payment and ranks among Google, Citi and Goldman Sachs as some of the major players in the cryptocurrency space. Some ICOs are poorly developed: They have been hacked or have clogged the Ethereum network, driving down the price of the cryptocurrency Ethereum. China banned ICOs in September.

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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. Scotland Considering Cryptocurrency and Independence … Again.

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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

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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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.

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PYMNTS

SEPTEMBER 23, 2020

The product was created using the organization’s current workforce of individuals at Origin Protocol who are FinTech and cryptocurrency veterans. dollars in 2014. Origin said the digital currency is a natural addition to its aim of facilitating peer-to-peer (P2P) commerce. Tether debuted the concept of a stablecoin denominated in U.S.

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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

NOVEMBER 1, 2018

In other news, Bizkey is celebrating the 10 th birthday of cryptocurrency with an event called Token Day in Singapore, Cryptovest reported. While the app is meant to display the price of a digital currency, such as bitcoin or Ethereum, when a user asks for a quote, the app reportedly also installs EggShell and EvilOSX.

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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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PYMNTS

MARCH 31, 2020

Global cryptocurrency exchange CoinEx is partnering with fiat infrastructure provider Simplex to make it easier for investors to purchase cryptocurrency, the companies said in a statement on Tuesday (March 31). India’s Supreme Court ruled earlier in March that a ban on cryptocurrency trading was unconstitutional.

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PYMNTS

OCTOBER 6, 2017

Vinnik is the accused mastermind behind a $4 billion bitcoin laundering ring and is one of seven Russians arrested or indicted on U.S. He is accused of operating BTC-e, a cryptocurrency exchange that traded in bitcoin but was actually a laundering ring used to bankroll crimes, such as hacking and drug trafficking as far back as 2011.

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Laws Bitcoin Money Laundering Crime 43

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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Regulations Legal Framework Cryptocurrency Bitcoin 51

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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