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From Legacy to Innovation: The Ongoing Transformation of Banking through Technology

Fintech Weekly

This has compounded a persistent sentiment of risk aversion and exacerbated typical business concerns such as increasing costs, time constraints, and reduced return on investment (ROI) when newer technologies are not implemented as effectively as intended. Increasingly, banks are willing to enter the blockchain space.

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Stablecoins emerge as alternative: Amex CEO

Payments Dive

Dive Insight: Rails like ACH and Swift are well-established and work too well to be fully replaced by digital currencies, he said. The CEO provided few details on why the digital assets could be used in lieu of ACH or Swift and an Amex spokesperson did not respond to a request for further comment. I think so.” consumer billings."

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Bitcoin Daily: Bitcoin ATM Installations Jump By 85 Pct; Argentinian Lawmaker To Introduce Crypto Bill

PYMNTS

The count of bitcoin ATMs has jumped this year, rising by 85 percent to just under 11,800, CoinDesk reported. Meanwhile, hackers purportedly sought $11 million worth of cryptocurrency from Japanese computer gaming company Capcom in return for not providing illicitly gathered private data, CoinDesk reported.

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Bitcoin Rally Here to Stay – Or Fleeting?  

PYMNTS

Amid the rallies that have marked all manner of asset classes in 2020 – where things hummed along to start the year, turned sour in the spring and then rebounded (nay, roared) into the waning months, bitcoin stands out. But now, at least some asset managers have been embracing bitcoin as a hedge against currencies and gold.

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Many Bitcoin Investors Don’t Plan To Deduct Losses On Tax Returns

PYMNTS

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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Bitcoin Daily: City In Spain Debuts ‘Elio’ Crypto; OKCoin Halts XRP Trading

PYMNTS

A small Spanish city has debuted an “Elio” digital currency to help with transactions, Finance Magnates reported. The digital currency, which is pegged to the euro, will let the City Council of Lebrija provide economic assistance to just under 600 chosen beneficiaries. Pacific Time on Jan. In other news, GMO Internet Inc.

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Bitcoin Daily: BitGrail CEO Owes $170M; $1B In Digital Currency Hacks Stolen

PYMNTS

According to The Next Web , an Italian judge ordered that Firano must declare bankruptcy, hand over personal assets and return as much of the stolen crypto as possible. He also deposited 230 bitcoins ($1.8 million) onto another cryptocurrency exchange and tried to withdraw the money through a bitcoin ATM.