PYMNTS

NOVEMBER 23, 2020

PayPal and Square’s Cash App digital currency buying spree has reportedly triggered a bitcoin rally, according to a Benzinga report on Monday (Nov. The increase in itBit volume implies that within four weeks of going live, PayPal is already buying almost 70% of the new supply of bitcoins,” Pantera Capital indicated in the report.

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PayPal Bitcoin Digital Currency Cryptocurrency 87

PYMNTS

NOVEMBER 12, 2020

In other news, the price of bitcoin exceeded the $16,000 price level on Thursday for the first time in nearly three years, CNBC reported. Bitcoin last exceeded the $16,000 price point on Jan. The price of the cryptocurrency was $16,301.03 as of 7:17 p.m. Eastern time Thursday, according to CoinDesk.

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Stablecoins Bitcoin Digital Currency CBDC 110

PYMNTS

DECEMBER 20, 2018

Though 2018 remains simply a demarcation point on a continuum (and the journey is not over, many noted), some notable themes still stand. They’re discussed here, of course, bitcoin and cryptos among them. The end of the year, or the beginning of a new one, marks a good place to take stock. New ways to track data?

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Money Laundering Payments Treasury Management On-Demand 84

Payments Source

MARCH 4, 2020

India's 2018 ban on banks servicing traders and businesses dealing with cryptocurrencies has been overturned by the country's Supreme Court, opening the door for bitcoin and Facebook’s Libra.

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Bitcoin Cryptocurrency Compliance 84

PYMNTS

NOVEMBER 19, 2018

It has not been a great week for the price of bitcoin, or really any cryptocurrency for that matter. The price of bitcoin has fallen and stayed below $6,000 for the last four days and no one’s predicting a rally anytime soon. Why Bitcoin Busted. Don’t say we didn’t warn you.

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Bitcoin Cryptocurrency Digital Currency CHIPS 78

PYMNTS

SEPTEMBER 28, 2020

27), bitcoin set a record with 63 straight days of closing above $10,000, according to CoinDesk. 31, 2018, in which the coin was valued at above $10,000 for 62 days straight. Coin Metrics statistics show that the 180-day returns volatility for bitcoin is down 41 percent so far in September, CoinDesk reported. 1, 2017, and Jan.

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Bitcoin Cryptocurrency Debit Card Underserved 86

PYMNTS

NOVEMBER 5, 2020

5), bitcoin followed suit, rising to over $15,000, signaling a continued confidence in the cryptocurrency. ET), reported CoinDesk , its highest level since January of 2018, and continued to rise throughout the day, hitting $15,237.78 As stocks rallied Thursday (Nov. The stock hit $15,017.05 at 10:50 a.m. (ET), at 5:01 p.m.,

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PYMNTS

APRIL 22, 2020

An alleged new digital currency Ponzi scheme out of China, Antimatter Kingdom (AK), has seemingly brought in bitcoin valued at $11 million in under a single month of operation, Cointelegraph reported. It maintains that it has taken in 180,000 bitcoins, but it seems that the effort brought a figure nearer to $11 million in bitcoin.

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Scams Bitcoin Digital Currency Crime 82

PYMNTS

JANUARY 25, 2019

Supermarkets are home to some of retail’s major and ongoing technological advances — and 2018 stands as a big year for grocery innovation. According to Bergquist, the Coinstar-Coinme bitcoin effort represents the “largest mainstream on-ramping to date” for the digital currency. Who Uses Bitcoin ATMs, Anyway? supermarket.

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ATM Bitcoin Digital Currency Federal Reserve 75

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.

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Bitcoin Blockchain Cryptocurrency Innovation 85

PYMNTS

OCTOBER 10, 2018

Bitcoin miners have around $4.7 billion in revenue in 2018 — but because of the cost of electricity, miners are failing to make a profit. TheNextWeb , citing blockchain research firm Diar , reported that based on the data, this marks the first time cryptocurrency mining businesses aren’t making money off their bitcoin mining efforts.

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Bitcoin CHIPS Cryptocurrency On-Demand 80

PYMNTS

MAY 29, 2020

Bitcoin : not worth much – except what someone else is willing to pay for it. Goldman Sachs’ withering assessment of bitcoin this week may be enough to take some wind out of the sails of those who have been looking for the marquee name in crypto to find its way into mainstream commerce.

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Bitcoin Wire Transfer ACH Network Money Laundering 74

PYMNTS

JANUARY 5, 2021

Bitcoin reached $34,800 on Sunday (Jan. Bitcoin had seen a string of days in which it continually broke records, passing $20,000 on Dec. Ethereum, the second-biggest cryptocurrency, which usually rises at the same time as bitcoin, also hit its highest level on Monday since 2018, with a $1,170 value, Reuters reported.

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Volume Bitcoin Cryptocurrency Digital Currency 131

PYMNTS

JANUARY 20, 2019

Meanwhile, a study by data firm Chainalysis has found that bitcoin as a form of payment doubled in 2018 on darknet market sites. Bitcoin transaction volumes on darknet markets, where people can buy illegal goods, saw an increase over the entire year to reach an average of $2 million daily.

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Bitcoin ATM Blockchain Volume 71

PYMNTS

NOVEMBER 23, 2020

A published report in October indicated that PayPal was eyeing acquisition possibilities for digital currency firms, among them the bitcoin custodian BitGo. PayPal and Square’s Cash App cryptocurrency purchasing spree had reportedly led to a bitcoin rally , according to a Monday (Nov. 23) Benzinga report.

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Digital Currency PayPal Consumer Cryptocurrency 143

PYMNTS

MARCH 16, 2020

Intercontinental Exchange, the parent firm of Bakkt, had first made it known in the summer of 2018 that Starbucks was eyeing the retail use of digital currency payments. Authorities in the country had taken bitcoin mining off of a listing of undesirable industries, but bitcoin and digital currency trading was prohibited there.

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Bitcoin Digital Currency Central Bank Money Laundering 97

PYMNTS

JUNE 22, 2020

The company has been affiliated in some measure with Coinbase for years, including Coinbase’s 2018 change to allow fiat withdrawals for U.S. customers using PayPal. European and Canadian Coinbase users gained the option to withdraw to PayPal last year.

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PayPal Cryptocurrency Bitcoin Blockchain 131

Payments Source

NOVEMBER 26, 2018

Bitcoin extended its tumble on Monday after breaking below the $4,000 level over the weekend, putting the 2018 crash within striking distance of the cryptocurrency’s worst bear markets.

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Bitcoin Cryptocurrency Digital Payments Payments 68

PYMNTS

NOVEMBER 19, 2018

The bitcoin bust continued Monday (Nov. Over the past week, the price of bitcoin has declined some 20 percent — and at least 60 percent since January. The price of bitcoin peaked at nearly $20,000 a few days before Christmas last year, then fell sharply through the first half of 2018 before hitting that $6,000 floor in June.

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PYMNTS

DECEMBER 20, 2020

Square 's Cash App has a new feature letting customers get bitcoin back with any transaction, CoinDesk reported. But bitcoin has been trending upward for the company and in general, with Square reporting $1.63 billion in bitcoin revenue from Cash App in its third quarter earnings. million pounds ($78 million) as of 2018.

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Bitcoin Volume Blockchain Consumer 64

PYMNTS

SEPTEMBER 17, 2020

After that time, they purportedly stole ether, bitcoin and NEO to the tune of $20 million. In separate news, the overall count of bitcoin automated teller machines (ATMs) approached 10,000 at the beginning of September, aksjebloggen.com reported. Most of the funds reportedly arrived in one of the individual’s accounts.

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ATM Bitcoin Security Cryptocurrency 71

PYMNTS

FEBRUARY 25, 2019

Billionaire investor Warren Buffett said that he sees “no unique value” in bitcoin, the world’s biggest cryptocurrency, calling it a “delusion, basically,” according to a report from CNBC. This is not the first time Buffett has criticized the cryptocurrency; in 2018, he said it was “probably rat poison squared.”

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Bitcoin Cross-Border Payments Cross-Border Cryptocurrency 67

PYMNTS

MARCH 13, 2020

Despite a recent bounce, bitcoin dropped to below $4,000 early on Friday (March 13), according to a report by CoinDesk. Bitcoin is down over $2,000 from a high of around $8,000 early on Thursday (March 12). Bitcoin briefly overtook gold, but that changed on March 13 – gold now has a 7.5 It has since recovered from that low.

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Bitcoin Cryptocurrency On-Demand Risk 64

PYMNTS

JANUARY 24, 2021

LVL, an upstart bitcoin exchange, has rolled out its own Mastercard debit card which it's taking pre-orders for, a report from CoinDesk says. The card will be linked to bitcoin and fiat accounts, and will be one of Mastercard's premium accounts, able to be used anywhere globally, CEO Chris Slaughter said, according to the report.

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Crime Bitcoin Multi-Currency Debit Card 93

PYMNTS

JANUARY 15, 2019

Bitcoin investors took a massive hit in 2018 – and, according to personal finance company Credit Karma, most of them don’t realize they can write off the losses on their tax returns. billion in bitcoin investments last year and had unrealized losses of more than $5 billion. investors lost $1.7 investors lost $1.7

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Returns Bitcoin Digital Currency Cryptocurrency 71

PYMNTS

AUGUST 7, 2020

The crypto company operates 17 of the 67 bitcoin ATMs in Germany, according to CoinDesk. The police worked with the FBI to trace and identify the Bitcoin involved. He has agreed to hand over the Bitcoin and is reportedly helping authorities find the second operator, who remains elusive. Movie2k.to Movie2k.to

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Bitcoin ATM Money Laundering FBI 63

PYMNTS

JANUARY 5, 2020

Burger King is letting people pay their way in Venezuela with a new bitcoin partnership that enables cryptocurrency purchases, CoinTelegraph reported on Saturday (Jan. The startup Cryptobuyer oversees a line of Bitcoin ATMs that convert cryptocurrency funds to pay out in fiat currency. . Petro launched in November 2018.

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Bitcoin Cryptocurrency Stablecoins ATM 69

PYMNTS

JUNE 19, 2019

The announcement of Facebook’s Libra has buoyed other cryptocurrencies, especially Bitcoin, which gained in the neighborhood of 12 percent this week, to $9,477. The last time Bitcoin got close to the $10,000 level was in May 2018, but it couldn’t close the gap.

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Bitcoin Law Enforcement Money Laundering Cryptocurrency 72

PYMNTS

JANUARY 30, 2020

Zermatt, a ski resort town of 5,400 residents in Switzerland, has decreed that cryptocurrency bitcoin can now be utilized to pay taxes and other government services, Bloomberg reported. Mayor Romy Biner-Hauser confirmed that her residents can now pay for an array of traditional government services using bitcoin.

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Bitcoin Ransomware Money Laundering Cryptocurrency 61

Fintech News

FEBRUARY 15, 2024

Illicit share of all cryptocurrency transaction volume, 2018-2023, Source: Chainalysis 2024 Crypto Crime Report, Chainalysis, Jan 2024 Conversely, the data reveal an increase in ransomware attacks and darknet markets, indicating challenges in cybersecurity and a resurgence in these illicit activities.

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Ransomware Crime Transactions Romance Scams 119

CB Insights

MARCH 6, 2019

Thirty-seven Chinese companies reached billion-dollar valuations in 2018, operating in areas as diverse as healthcare, transportation, and education, among others. Using CB Insights data, we identified all the China-based startups that have reached a $1B+ valuation in 2018. A s of 2018, more than 5 million drivers and 1.25

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Bitcoin Law Enforcement Technology Product 72

PYMNTS

MAY 14, 2019

Bitcoin, that marquee name in cryptocurrency, has seen its price swell by roughly that 60 percent number through the last few weeks, to about $8,000. Bitcoin got a huge jump on Monday (May 13), up 25 percent on the day, though there was no news specific to the cryptocurrency. Or to make one wonder why. As that happens, miners get 12.5

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Bitcoin Cryptocurrency Digital Currency Blockchain 64

PYMNTS

OCTOBER 23, 2020

PayPal is looking at acquisition possibilities for cryptocurrency companies, including bitcoin custodian BitGo , a report from Bloomberg says. With that announcement, bitcoin surged past $13,000 for the first time since July of last year. million in 2018 and was valued at $170 million, according to PitchBook. BitGo raised $58.5

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PayPal Bitcoin Digital Currency Cryptocurrency 107

PYMNTS

JUNE 14, 2020

Xapo , a crypto wallet and bitcoin custodian, will no longer deal in credit card payments for digital asset purchases, according to an email from the company, as reported by CoinDesk. Xapo will also implement new restrictions on bank transfers, depending on a user’s location.

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PYMNTS

MARCH 2, 2020

Treasury has brought on an additional 20 new bitcoin addresses affiliated with two people to its sanctioned individuals roster, Coindesk reported. The group has been blamed for stealing over $500 million in digital currency as long ago as 2018. And the Office of Foreign Asset Control of the U.S.

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Treasury Bitcoin Addressing eWallet 71

PYMNTS

AUGUST 9, 2020

BUSD is a white-label stablecoin from the Paxos Trust Company , which was allowed to issue the coins by the NYDFS in 2018. The NYDFS Greenlist also includes Bitcoin, ether and litecoin, along with other stablecoins like Gemini and Paxos. They still have to inform NYDFS before using the coin, though.

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Blockchain Bitcoin Stablecoins Scams 89

PYMNTS

DECEMBER 2, 2020

Visa has partnered with BlockFi to launch a credit card that offers bitcoin rewards rather than travel points or cash back, according to an announcement. The BlockFi Bitcoin Rewards Credit Card , which will be available in the spring of 2021, will give 1.5 The card carries a $200 annual fee. “We

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Bitcoin Blocks Blockchain Push-to-Card 60