PYMNTS

JULY 2, 2020

Much has been written about how delivering fiat currencies digitally can boost financial inclusion and perhaps streamline financial services. The blockchain has been touted as the solution for any host of information and asset transfer issues — due in part to the fact that data in a blockchain cannot be altered (i.e.

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Blockchain Stablecoins Wire Transfer Financial Inclusion 90

PYMNTS

MAY 13, 2020

The Bank of Mauritius is progressing toward providing a central bank digital currency (CBDC) per its governor, CoinDesk reported. Seegolam noted that any digital currency would need to be distributed via the current banking system to steer clear of the risk of putting the island’s financial system in an uneven position.

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Digital Currency Bitcoin CBDC Blockchain 61

PYMNTS

MAY 27, 2020

The movement toward digital currencies may be a bit of an arms race of sorts, for now. As noted in this space last week, about 80 percent of 66 central banks queried by the Bank of International Settlements (BIS) are working on central bank digital currencies (CBDC).

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Central Bank Digital Currency CBDC Settlement 57

PYMNTS

OCTOBER 8, 2018

In Venezuela, citizens reportedly now need to use the country’s new Petro digital currency to pay for passports, Coindesk reported. A new passport will now come at the cost of two Petros, which is equivalent to 7,200 of the country’s bolivar currency. telephone number management.”

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Blockchain Bitcoin Authorization Regulations 70

PYMNTS

DECEMBER 12, 2019

Yao was the head of China’s central bank digital currency initiative. . Yao’s hiring was anticipated because of his contribution to the development of the central bank digital currency (CBDC) and his deep understanding of FinTech and blockchain, according to Caijing. 11), as reported by Coindesk.

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Digital Currency Bitcoin Regulations Central Bank 52

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. The effort reportedly attained levels not seen before for a digital currency scam. billion last year.

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Scams Bitcoin Digital Currency Crime 82

PYMNTS

JANUARY 24, 2021

Near 30 people in Kyodo, Japan have been charged for reportedly exchanging NEM cryptocurrency for other digital currencies, in spite of knowing the assets had been stolen, a report from The Mainichi says. The report says there were 58 billion yen in digital money stolen from Coincheck Inc.

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Crime Bitcoin Multi-Currency Debit Card 93

PYMNTS

APRIL 30, 2020

Telegram delayed its TON blockchain rollout, which moves its date to go live to next year and sparks an expensive clawback measure, CoinDesk reported. In other news, Andreessen Horowitz is putting the focus on digital currency investments with a new fund, CoinDesk reported. Its first digital currency fund rolled out in 2018.

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Blockchain Digital Currency Bitcoin Payments 52

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. Robinhood started trading in digital currency in 2018, while Square has been involved since 2019. itBit is run by Paxos, which is PayPal partner. .

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PayPal Bitcoin Digital Currency Cryptocurrency 87

PYMNTS

APRIL 20, 2020

The researchers noted that digital currencies have a “salient advantage” in their decentralization. An NDRC subsidiary has been moving on a new blockchain service network that would give firms access to the necessary tools to create applications based on the blockchain.

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Blockchain Research Rules Digital Currency 60

PYMNTS

DECEMBER 14, 2018

. “With its combination of technology and banking expertise, solarisBank is a great partner for us to offer central services along the value chain for digital assets. In other news, “blockchain developer” is the number-one position in LinkedIn’s 2018 U.S. Emerging Jobs Report.

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Blockchain Bitcoin Cryptocurrency Laws 62

PYMNTS

JANUARY 17, 2019

Bitpay , a processor of digital currency payments, claims that it has handled more than $1 billion in transactions in 2018, Coindesk reported. On another note, Clearmatics and Barclays are teaming up to have computer programmers create different methods for blockchains to Ethereum, Coindesk reported. on Thursday (Jan.

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Bitcoin Transactions Interoperability Digital Currency 57

PYMNTS

SEPTEMBER 15, 2020

India intends to propose legislation prohibiting digital currency trading, while other economies in Asia have opted to regulate the market, Bloomberg Qint reported. Blockchain will be encouraged by the federal government, which is not enthusiastic about digital currency trading, according to two unnamed sources in the report.

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Bitcoin Digital Currency Money Laundering Cryptocurrency 67

PYMNTS

DECEMBER 7, 2018

To help further use of digital currency and head off price manipulation, two U.S. One bill, the Virtual Currency Consumer Protection Act of 2018, calls for research on price manipulation of digital currencies to help keep investors safe. representatives have proposed bipartisan bills in Congress.

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Research Regulations Digital Currency Cryptocurrency 55

PYMNTS

FEBRUARY 11, 2019

Ripple reportedly offered bonuses via its digital currency during its recruiting process, according to CoinDesk. One unnamed source was said to have provided the outlet with a 2018 email that indicated a package of XRP with a value as high as $3 million. The price of XRP was about $.30 30 as of 5:33 p.m. EST) on Monday (Feb.

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Blockchain Digital Currency Bitcoin Phishing 55

PYMNTS

JANUARY 5, 2020

billion from its 2018 initial coin offering (ICO), Coindesk reported. . He also said that in the coming decade there will just be one blockchain, but it will be private and scalable. “By There will also be significant government involvement and possibly central bank digital currencies.

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Blockchain Bitcoin Cryptocurrency Encryption 52

PYMNTS

SEPTEMBER 30, 2020

Securities and Exchange Commission (SEC) claims that a Florida digital currency trader purportedly bilked customers out of $6.8 The agency claimed that the defendant scammed investors between January 2018 and January 2019 as he purported to never finish a trading day with losses. million, CoinDesk reported.

Digital Currency 60

Digital Currency Blockchain Scams Bitcoin 60

PYMNTS

MAY 16, 2018

At least one thing is clear about Facebook ’s new interest in blockchain: It will help the social media giant keep up with the Joneses. No one outside Facebook has yet cracked why the company is creating a blockchain unit and putting David Marcus, one of its senior executives, in charge of it. Blockchain, of course, is not for sale.

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Blockchain Digital Currency Privacy Data Security 40

PYMNTS

AUGUST 24, 2016

The blockchain — the underlying technology that powers the digital currency bitcoin — may be nearing its mainstream moment in the sun as four of the world’s largest banks are using it to develop a new form of digital currency. This is about streamlining it and making it more efficient.”.

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Bitcoin Blockchain Digital Currency Central Bank 42

PYMNTS

JANUARY 8, 2019

Ripple, the blockchain company that has the XRP digital currency, reached a milestone on Tuesday (Jan. According to a blog post , Ripple said that in addition to the 200 customers, it has seen a 350 percent increase in customers who are sending live payments over its blockchain platform. 8) by reaching 200 customers.

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Cross-Border Payments Cross-Border Payments Blockchain 77

PYMNTS

NOVEMBER 4, 2020

In other news, Telegram Messenger has to pay almost $625,000 to Lantah LLC, a small digital currency company it sued in 2018 over a digital currency ticker and trademark dispute, Cointelegraph reported. Lantah LLC had been defending the suit as of May 2018 following the time that Telegram landed $1.7

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Legal Digital Currency Blockchain Bitcoin 57

Fintech News

APRIL 1, 2024

According to the report, VC funding in CCA reached US$110 million in 2023, up by 450% from a mere US$20 million in 2018. Pave Bank, a new digital bank , raised US$5.2 million in December 2023; Hexacore, a blockchain and Web 3.0 Since 2018, the country’s VC market has increased considerably, growing by 6.6

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FinTech Web 3.0 Non-Bank Security 111

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. I’ve been writing about bitcoin, blockchain and the smoke and mirrors of their promise to change our financial system since 2014.

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Bitcoin Blockchain Cryptocurrency Innovation 85

PYMNTS

MAY 28, 2020

Gemini is said to be the first digital currency exchange to allow Canadian and U.S. Samsung blockchain wallet users to see their balances in the wallet app. Samsung rolled out its blockchain wallet last year, while Gemini has had a separate mobile app since 2018.

Digital Currency 52

Digital Currency Blockchain Bitcoin Central Bank 52

PYMNTS

APRIL 2, 2019

Securities and Exchange Commission ( SEC ) is joining the ranks of large organizations hiring for the blockchain, The Next Web reported. The listing notes that the specialist should apply his or her knowledge of “federal securities laws to digital asset securities and crypto matters.” 24 as it climbed to as high as $4,135.60

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Bitcoin Regulations Posting Digital Currency 43

PYMNTS

MARCH 26, 2020

Aleksei Nokhrin and Nic Carter created Coin Metrics as an open source blockchain and data and analytics initiative in 2017. Tim Rice, who has had executive positions at firms such as Tradeweb, came on board as co-founding CEO in 2018 to power Coin Metrics’ commercialization.

Bitcoin 67

Bitcoin Blockchain Digital Currency Central Bank 67

PYMNTS

APRIL 27, 2020

Global blockchain firm Binance and blockchain payment service provider BitPay are teaming to increase adoption of the BUSD Binance stablecoin, according to an announcement. It is reportedly financing the service with a mixture of borrowed capital and funds that it took in from a token sale in 2018. CoinDesk reported.

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Stablecoins Blockchain Cross-Border Bitcoin 56

PYMNTS

OCTOBER 10, 2018

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. Bitcoin miners have around $4.7

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Bitcoin CHIPS Cryptocurrency On-Demand 80

PYMNTS

MAY 3, 2019

The Bank of Canada and the Monetary Authority of Singapore ( MAS ) announced that they have conducted their first successful experiment between the two banks on cross-border and cross-currency payments using central bank digital currencies. Blockchain-based company GrainChain is launching in Mexico.

Cross-Border 51

Cross-Border Bitcoin Blockchain Wire Transfer 51

PYMNTS

JANUARY 30, 2020

Broker Bitcoin Suisse will accept the payments through a tablet computer that converts the popular digital currency into francs, then transfers the funds to the municipal government. Everyone is talking about cryptocurrencies and blockchain, and if you don’t try it out, you don’t get smarter,” Biner-Hauser said.

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Bitcoin Ransomware Money Laundering Cryptocurrency 61

PYMNTS

JANUARY 10, 2018

But, more than just watching the cryptocurrency’s value slide up and down, players in the space have increasingly been exploring its underlying blockchain technology — and what that tech could do for B2B payment processing.

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API B2B Cross-Border Cross-Border Payments 74

PYMNTS

SEPTEMBER 17, 2020

A forfeiture complaint for digital currency funds that were confiscated in the past outlined the purported thefts, target exchanges and marks of the two individuals. The site reported that 1,932 BTMs were in the world in December 2017, while there were 4,009 by the close of 2018.

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Bitcoin ATM Security Cryptocurrency 71

PYMNTS

JUNE 1, 2020

Kathryn Haun said cash is on its way out in the same way books and music have gone digital. Haun’s prediction is not surprising given the company’s effort to raise $450 million for Libra, a blockchain digital currency proposed by Facebook. There will be other entrants in this category,” Haun told the news service.

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Cryptocurrency Blockchain Venmo Digital Currency 68

PYMNTS

FEBRUARY 16, 2018

If decentralization is everything in blockchain, what does that mean beyond just the transaction — for the actual sharing of data, of things of value, of content itself? After headlines (and yes, even we) breathlessly tracked the swoons that ballooned in bitcoin and its peer digital currencies, a rebound seemed in the offing.

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Blockchain Bitcoin Scams Digital Currency 46

PYMNTS

DECEMBER 2, 2020

More than 120 charities and 30 blockchain companies are participating in the fundraising event. The Centre Consortium was co-founded in 2018 by Circle and Coinbase and governs the USDC. And, Nevada-based Blockchains has acquired identity management provider Cambridge Blockchain , according to CoinDesk.

Bitcoin 60

Bitcoin Blocks Blockchain Push-to-Card 60

PYMNTS

JANUARY 6, 2020

The Signet integration will incorporate its real-time digital payments blockchain platform, as well as add real-time payments and settlement functionality, into the network. The reports also noted that many traditional financial institutions find digital currency too risky to service.

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Real Time Payments Settlement Multi-Currency Digital Currency 52

PYMNTS

FEBRUARY 20, 2020

The token has more than doubled in value this year, though it’s still down from the high of 2018. ” Currently, virtual property is the most popular asset being traded within the Ethereum blockchain.

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Cryptocurrency Bitcoin Digital Currency Blocks 73