Payments Source

NOVEMBER 30, 2017

Not so fast, bitcoiners. Randal Quarles, the Federal Reserve official who oversees Wall Street, says central banks are a long way off from embracing cryptocurrencies as a means of paying for things.

Bitcoin

PYMNTS

DECEMBER 31, 2018

Long ago and far away, bitcoin enthusiasm was measured in dollars, and what a difference a year makes. Well, that’s a popularity contest, and for bitcoin, popularity reigned as evidenced by the roughly $20,000 for which the cryptocurrency changed hands, a heady rise from the less-than $800 level that marked the beginning of 2017.

Bitcoin

PYMNTS

AUGUST 13, 2020

A post from Liberty Street Economics , a research blog of the Federal Reserve Bank of New York , posited that the usual distinction between “token-based” and “account-based” cryptocurrencies are overly simplistic because several popular digital coins, including Bitcoin, could be both. Bitcoin, for example, fits both categories.

Authentication

PYMNTS

NOVEMBER 8, 2020

Federal Reserve Chair Jerome Powell advising more money printing meant that purchasing Bitcoin was a good idea. According to Cointelgraph , Powell had been responding to a news conference after the Fed's Nov. 5 meeting, in which Powell said again that the resources to support the economy weren't expended yet.

Bitcoin

Payments Source

APRIL 29, 2021

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Fed

PYMNTS

FEBRUARY 9, 2018

Gravity has come to call on bitcoin after seemingly forgetting its existence for a brief period. According to New York Fed economists Michael Lee and Antoine Martin, as well as Minneapolis Fed President Neel Kashkari, those fears are probably a bit overstated. “If Bitcoin and other crypto, on the other hand, has issues.

Fed

PYMNTS

DECEMBER 18, 2020

Cleveland Federal Reserve President Loretta Mester said in a speech in September that a digital dollar could conceivably be a form of money transfer that would enable the Fed to disburse money to all individuals in America (seemingly taking the approach that we are seeing in the Bahamas).

Digital Currency

PYMNTS

MARCH 4, 2019

In a document published on the Federal Reserve website, the board of governors revealed amendments to a policy statement, stating that “the collapse of the bitcoin market” may be one of the salient market risks. In other news, Rhode Island lawmakers have filed a bill to exempt certain blockchain tokens from securities laws.

Bitcoin

PYMNTS

NOVEMBER 2, 2020

In today’s top news in digital-first banking, BlockCard is teaming with peer-to-peer (P2P) bitcoin marketplace Paxful for a new crypto debit card, while the Federal Reserve Board has modified the terms of its Main Street Lending Program (MSLP). Ternio’s BlockCard Teams With P2P Bitcoin Marketplace Paxful for Crypto Debit Card.

Debit Card

PYMNTS

MARCH 19, 2018

Bloomberg, citing Plattsburgh, reported residents of the town on the Canadian border are fed up with all the cryptocurrency activity going on and resorted to the measure to reign some of it in. “It Bitcoin mining of digital tokens requires a significant amount of computing processing, which in turn requires a large amount of energy.

Bitcoin

Global Fintech & Digital Assets

JANUARY 24, 2024

The SEC’s long-awaited green light for spot bitcoin ETPs is welcomed by the market, but the ambivalent decision raises more questions than it answers. Spot bitcoin trusts hold actual bitcoin, as opposed to bitcoin futures trusts, which hold derivatives tied to the price of bitcoin. Valdez , Stephen P.

Bitcoin

PYMNTS

JULY 19, 2018

In other news, three companies involved in bitcoin mining have risen to “unicorn” status, according to CoinDesk. On Wednesday (July 18), the Hurun Research Institute published its Q2 Unicorn Index, and bitcoin mining companies such as Bitmain, Canaan Creative and Ebang were on the list. The price of bitcoin was $7,325.90

Bitcoin

PYMNTS

JUNE 26, 2019

Bitcoin startup Lolli announced that it has struck a new partnership with Hotels.com, joining Lolli’s existing partners Booking.com, Priceline, Hilton and Marriott. “We Lolli allows its users to earn bitcoin rewards for online purchases. Canada has been in high demand, and we think that’s going to be a great test market for us.

Fed

PYMNTS

OCTOBER 3, 2019

He admitted that when it comes to the future of the Fed, digital currency will most likely play a part. “I But Harker said his opinion is currently “in the minority” at the Fed. I am looking at the next five years after that. What comes next? I do think it is something around digital currency,” he said.

Digital Currency

Payments Source

JULY 19, 2018

Today: It's Fed chair Powell's turn to criticize bitcoin; Blast rounds up payments for consumer savings; Crytpomining malware spikes; Singapore bank launches e-commerce for baby care. The information you need to start your day, from PaymentsSource and around the Web.

Fed

PYMNTS

JANUARY 15, 2021

Powell said it would likely be years rather than months before the Fed had any sort of CBDC ready. According to Powell, the Fed is “investing heavily” in the technology and is looking into the policy questions posed by CBDCs. When the public finds out it isn’t money, that’s a “bad thing” the Fed wants to avoid.

CBDC

PYMNTS

DECEMBER 24, 2020

Here are some of cryptos’ key developments for 2020: Bitcoin Goes Higher And Higher. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies. And one of the most notable events of 2020 was the big appreciation in bitcoin’s price, tied as it is (and was) to optimism about cryptos’ future.

Federal Reserve

PYMNTS

OCTOBER 14, 2016

Milan, Italy was the host of a formal bitcoin conference to address scaling and a protest conference that addressed, well, everything that the formal conference didn’t. Scaling of bitcoin is a thorny issue and one that caused some dissension at the Scaling Bitcoin conference that took place on October 8 and 9.

Bitcoin

Payments Source

FEBRUARY 2, 2017

Today: Sofi moves closer to payments; Fed staffer's bitcoin mining causes trouble; Liverpool's virtual currency; sunglass payments. Welcome to the new PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web.

Fed

PYMNTS

JULY 1, 2016

Bitcoin, continuing to bring out the best in everyone it touches. Former Secret Service agent Shaun Bridges has already been found to have stolen funds seized by the feds during the investigation of the Silk Road – the former favored black market bazar of the dark web. Unfortunately, the U.S.

Bitcoin

PYMNTS

FEBRUARY 10, 2020

Businesses managing cryptocurrencies have had a tough time maintaining relationships with legacy banks because of the perception that bitcoin-type transactions are connected to criminal behavior. London FinTech startup DAG Global is going after the first merchant bank license in the U.K.

FinTech

PYMNTS

NOVEMBER 12, 2019

Digital currencies hit the world stage in 2017 when bitcoin skyrocketed to nearly $20,000 from $600-$800. Investors are lured by bitcoin’s blockchain technology and its decentralized system. He said his view was “in the minority” at the Fed, but that his staff is researching the issue. “I What comes next?

Digital Currency

PYMNTS

NOVEMBER 13, 2017

But not to worry, folks: This is just an inconvenient speed bump on the way to a future where cryptocurrencies – bitcoin and Ethereum and the 998 offspring they beget – become the underpinning of our new global financial system. The Fed’s New Digital Payments Outlook. PayPal’s India Push.

Fed

PYMNTS

MAY 7, 2018

Friday brought the news that bitcoin has made inroads into the tangible realm. To be specific: bitcoin notes are coming to Singapore. Will it mean uptake of bitcoin that will skyrocket beyond mere speculation, to become utility and utilitarian? The notes are denoted in bitcoin, specifically in 0.01

Bitcoin

PYMNTS

NOVEMBER 25, 2020

Bitcoin and other offerings have not yet evolved into real alternatives to sovereign monetary activities, but stablecoins present challenges. Among the potential and evolving use cases: private stablecoins can conceivably be adopted as a means of payment for online purchases, peer-to-peer and micro-payments and a range of potential future.

Stablecoins

Payments Source

JANUARY 17, 2018

The central bank is beginning to consider the possibility of a “digital dollar,” which will foster more efficient and transparent payments.

Digital Currency

PYMNTS

NOVEMBER 5, 2018

At this writing, bitcoin trades were at $6,352. Bitcoin stands out for the month with “only” a 4.5 If the trade war and Fed policy interest rates cause panic on the Street, then a few mirror images of regulatory action got traders going in the digital realm. The NewsBTC noted on Thursday (Nov.

Bitcoin

Payments Source

AUGUST 25, 2017

Society has accepted central banks’ monopoly over creating and controlling the flow of money, but history and current technological innovations point to alternative approaches.

Fed

PYMNTS

JUNE 20, 2019

On Wednesday (June 20), Fed chairman Jerome Powell said that the country’s central bank has “significant input into the payments system,” which is the eCommerce system that Libra will affect. Libra is going to be a stablecoin, which means that unlike Bitcoin, it is tied to actual currency and financial companies like Uber and eBay.

Regulations

PYMNTS

AUGUST 15, 2019

In 2016, hackers stole $81 million from the Bangladeshi central bank from an account at the New York Fed. The bank, responding during a Q&A session on Twitter, added that it didn’t have any plans to put bitcoin into its reserves. The perpetrators used fake orders on the SWIFT payments system.

Shutdown

PYMNTS

DECEMBER 11, 2017

Bitcoin And The Ghost Of Crashes Present. And for the last few days, gravity has been catching up with bitcoin. After hitting $10,000 a little over a week ago, bitcoin rapidly shot up through $12,000 , to $15,000 and eventually made it above $19,000 on some exchanges. So, what visions did the spirits have in store?

Bitcoin

PYMNTS

OCTOBER 9, 2020

Beyond bitcoin – that marquee name of crypto and its brethren, which have yet to escape wild price swings and speculative fervor – lies the prospect of CBDCs. Fed, the Swiss National Bank and others. Beyond that, national efforts are piecemeal.

Digital Currency

PYMNTS

AUGUST 17, 2018

Judge Jacqueline Scott Corley set the amount at $750,000 in bitcoin or another form of digital currency, the Daily Post reported. Marshals Service said it would hold an auction in February to dispose of the bitcoins.

Bitcoin

PYMNTS

DECEMBER 10, 2019

Secretary of the Treasury Steven Mnuchin, however, recently said that neither he nor Federal Reserve Chairman Jerome Powell feel it is necessary to introduce a Fed digital currency for at least the next five years. .

Central Bank

PYMNTS

JANUARY 24, 2018

Bitcoin doesn’t necessarily have the blessing of government agencies, but what about blockchain? government to explore the potential of blockchain, proving the Feds haven’t written the technology off. It also follows a more serious initiative by the U.S.

Governance

PYMNTS

MARCH 13, 2020

Mortgage refinancing: On the heels of Fed rate cuts and continually falling Treasury rates, the Mortgage Bankers Association is now forecasting total mortgage originations of up to $2.6 One thing’s for certain: The markets will continue to be volatile. What’s less certain is how this all might shake out for Robinhood. No safe haven here.

Online and Mobile Banking

PYMNTS

AUGUST 13, 2018

The Fed reported that in 2017 about half of all people with bank accounts used their bank’s mobile app to conduct transactions. Overstock as Bitcoin/Blockchain Unicorn. All of this talk, of course, masks the myth that blockchain and its bitcoin-powered rails have the capacity to “humanize” and “democratize” money.

Bitcoin