PYMNTS

DECEMBER 6, 2020

Citigroup will be helping governments around the world establish sovereign digital currencies, or central bank digital currencies (CBDC), CEO Michael Corbat says, according to a report from CoinDesk. 4), Corbat said the development of such digital currencies was likely inevitable with the way money has been trending.

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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

DECEMBER 17, 2020

Bitcoin reached an all-time high, surging 12 percent to $23,421, more than triple its value since the start of 2020, CNBC reported on Thursday (Dec. The digital currency soared year-to-date by more than 200 percent, breaking the $20,000 mark on Wednesday (Dec. A BlackRock executive said bitcoin can replace gold, per CNN.

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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

NOVEMBER 25, 2020

The age of digital currencies might be fully upon us, but key questions swirl about how to issue and regulate cryptos – especially stablecoins. Bitcoin and other offerings have not yet evolved into real alternatives to sovereign monetary activities, but stablecoins present challenges. In a paper that debuted Tuesday (Nov.

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Stablecoins Regulations Distributed Ledger Technology (DLT) Digital Currency 92

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. It’s also tied to traditional currency.

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PYMNTS

DECEMBER 22, 2020

The experiments aim to examine a digital euro’s technical feasibility as well as its “programmability” as a coin separate from a central bank digital currency, (CBDC) according to CoinDesk. Any bank can participate in the digital currency initiative, Ledger Insights reported.

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PYMNTS

DECEMBER 14, 2020

In other news, Chinese residents in the city of Suzhou participating in a massive trial of digital yuan performed nearly 20,000 transactions on JD.com in the 24 hours after 8 p.m. Suzhou, located in East China's Jiangsu Province, is at the frontlines for China's push to enact a national digital currency. on Friday (Dec.

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PYMNTS

NOVEMBER 5, 2018

Elon Musk’s name has reportedly been used in bitcoin scam , with the hack of multiple verified Twitter accounts, the BBC reported. film distributor) posted a link for users to participate in a “giveaway.” Bitcoin, Ethereum and bitcoin cash are said to be the future payment options.

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PYMNTS

DECEMBER 19, 2019

The PIT digital currency exchange of Blockchain.com is one of the few exchanges to turn on the U.K. The initiative will enable users to instantly deposit and withdraw British pounds, and purchase digital currencies. Two cryptos are currently supported: ether and bitcoin. Faster Payments Scheme, The Block reported.

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PYMNTS

MARCH 10, 2020

To allow users to borrow against their holdings, digital currency wallet and exchange company Blockchain.com unveiled a “Borrow” Service. dollars against bitcoin holdings kept in the Blockchain Wallet, Coindesk reported. Lending has become a quickly growing area in the digital currency sector.

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PYMNTS

MARCH 19, 2020

In other news, Hawaii is rolling out its inaugural experimental program for cryptocurrency called the Digital Currency Innovation Lab, according to an announcement. As it stands, it is estimated that approximately 1 million people from Thailand are working around the world and sending funds home.

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PYMNTS

FEBRUARY 6, 2019

In addition, the blockchain sandbox will allow participants to work on and experiment with the blockchain. 6) that its wallet will roll out bitcoin support to users on Android and iOS, Coindesk reported. And, in the future, the company is developing support for litecoin as well as additional digital currencies.

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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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Fintech News

MAY 21, 2024

As the financial landscape undergoes a digital revolution, institutional investors are increasingly turning their attention to digital assets such as cryptocurrencies and Central Bank Digital Currencies (CBDCs). Institutional investors focus on digital assets.

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The Fintech Times

FEBRUARY 16, 2024

However, in El Salvador , where a bitcoin circular economy is emerging, more than two million underbanked citizens use bitcoin. The same is true for other countries with growing bitcoin economies.

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PYMNTS

NOVEMBER 26, 2019

Compliance with market standards and regulations allows us to provide our clients with legal security and convenience of using the exchange, with the participation of a friendly banking system and the availability of payment operators,” BitBay said. Bitcoin is the perfect gift for family and friends this holiday season.

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PYMNTS

DECEMBER 4, 2018

KuCoin , a digital currency exchange based in Singapore, has rolled out support for the trading of the Ripple XRP cryptocurrency, Cryptovest reported. The platform now supports trading through eight pairs, including Ethereum, bitcoin, Tether, USD Coin, NEO, TrueUSD, Paxos Standard Token and KuCoin Shares.

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PYMNTS

SEPTEMBER 14, 2016

government seems to be accepting the positive impact that digital currencies and blockchain could have on legacy financial systems, according to Business Insider. The resolution implies that bitcoin and blockchain technology are ways to help the unbanked and empower the consumer. 12) by the U.S.

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PYMNTS

SEPTEMBER 1, 2020

The tokens can be sent to a digital wallet on a recipient's phone and used to pay for goods and services with vendors participating in the project by scanning a QR code. A hardware wallet is a physical medium working in a similar manner to an actual wallet with physical money in it.

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PYMNTS

JULY 30, 2020

The bitcoin exchange has seen record month-over-month peaks in user signups on its exchange as of the beginning of the COVID-19 pandemic in March. But the legislation that prohibits digital currency as money also sees it as a virtual commodity. In other news, Electric Coin Co. , In other news, Electric Coin Co. ,

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CB Insights

NOVEMBER 19, 2020

These systems use blockchain-based platforms like Bitcoin and Ethereum to store, distribute, and exchange value — providing crucial infrastructure for a DLT-driven capital markets economy. Projects are turning to publicly accessible networks like Ethereum and Bitcoin. Digital Asset. DLT network. Organization. New York, US.

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Blockchain Bitcoin Use Case Privacy 101

PYMNTS

OCTOBER 27, 2017

Hackers are using virus-infected consumer computers to generate bitcoin, according to news from The Wall Street Journal. Unknowing users may be having their processing power commandeered to mine the virtual currency. Computers that participate in the network are called miners. For instance, l ast May, Recorded Future Inc.

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PYMNTS

DECEMBER 17, 2019

Bitcoin may struggle to recover from the effects of one of the largest digital currency scams, Bloomberg reported Monday (Dec. PlusToken conspirators have reportedly sold approximately 25,000 bitcoins as well as another 20,000 tokens distributed throughout over 8,700 anonymous crypto addresses. as of 2 a.m.

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PYMNTS

MAY 7, 2020

Seattle-based digital currency ATM company Coinme has brought in a $5.5 In other news, digital currency financial services app Abra has notched a $5 million investment from the Stellar Development Foundation (SDF) that comes before its integration with the Stellar blockchain, CoinDesk reported.

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PYMNTS

JUNE 17, 2019

Bitcoin, the world’s most well known digital currency, has crossed the $9,000 mark for the first time in over a year, according to a report by CNBC. Bitcoin hit a high of $9,381.82 Bitcoin hasn’t been as high as $9,000 since May of 2018, and the cryptocurrency is now up 14 percent since January.

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PYMNTS

DECEMBER 15, 2019

Eleven requests to participate came out of the public procurement. Meanwhile, Bottle Pay, the bitcoin payments startup, closed down, noting the AMLD5 European Union regulation that is taking effect early in January, Coindesk reported. The organization chose three suppliers that were given invitations to make tenders.

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Bitcoin Blockchain Regulations Digital Currency 53

PYMNTS

OCTOBER 23, 2018

The SBI Group plans to license Sepior ApS ’ wallet technology to use in its own wallet, which will become a part of its digital currency exchange platform, the company said in an announcement. Work remains to be done to determine how it can be set up to maximize the benefits for the whole financial system.”.

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Distributed Ledger Technology (DLT) Bitcoin Stablecoins Blockchain 76

PYMNTS

MAY 13, 2020

The IRS is seeking to have contractors assist in auditing digital currency tax returns, according to a post on CryptoTrader.Tax ‘s website. CryptoTrader.Tax is a tax software platform and is used by bitcoin as well as digital currency investors to manage their reporting. Phemex publicized a $3.5

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PYMNTS

MAY 26, 2017

An agreement to upgrade the speed of processing transactions propelled bitcoin to new heights on Thursday (May 25). Bitcoin’s Satoshi blockchain can only process so much data, and this was creating a backlog in transaction processing. a digital currency trading firm in Hong Kong. Coinbase, btc.com and Coins.ph

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PYMNTS

DECEMBER 19, 2018

Bitcoin might be making a comeback. This latest surge brought bitcoin’s three-day gains to more than 22 percent. And it wasn’t the only digital currency to get a boost: XRP soared 16 percent, and ether increased 13 percent. The crypto saw a 10 percent increase on Wednesday (Dec.

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PYMNTS

JANUARY 13, 2017

Bitcoin’s volatile tendencies were on full display this past week. After flirting with record highs just over one week ago, bitcoin fell to its lowest level in over a month, $746.79, on Thursday (Jan. Needless to say, if Chinese regulators even look at bitcoin the wrong way, investors around the world fear the worst.

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PYMNTS

DECEMBER 1, 2017

What do you get when a group of esteemed observers and participants in the financial system — among them Nobel laureates and billionaires and not a few government officials — chime in, as one, about the lures and lunacy of unchecked speculation? And bitcoin has this anti-government, anti-regulation feel. You get cause for concern.

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PYMNTS

JULY 13, 2020

A South Korean court referenced the coins saying they “have been recognized only as a function of currency and have not been subject to income tax, but recently, virtual assets (like Bitcoin) are increasingly being traded as goods with property value. They falsely claimed to have a Harvard-educated CEO backing them.

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PYMNTS

OCTOBER 9, 2019

Ransom is demanded in bitcoin, upon threat of releasing damaging information to family, friends, and co-workers. But now the hackers are asking for alternative crypto currencies to bitcoin in their ransom demands. Bitcoin is making a comeback after its September crash. According to Bloomberg , bitcoin gained as much as 6.6

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IRS Bitcoin Rules Central Bank 46

PYMNTS

JANUARY 7, 2020

In Korea , the 4th Industrial Revolution Commission, which operates under the president, said the government should start letting financial institutions in the country launch crypto-related products, such as bitcoin derivatives, and strategies for the eventual widespread use of digital currency. ”

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PYMNTS

OCTOBER 20, 2017

The Mastercard technology ensures that payment details are shared only between transaction participants, said the company. Mastercard has filed for more than 35 patents in blockchain technology and invested in the Digital Currency Group , which incubates cryptocurrency like bitcoin and blockchain-related companies.

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Blockchain Visa B2B Payment APIs and Integration 84