PYMNTS

JANUARY 27, 2021

In other news, bitcoin fell below $30,000 Wednesday (Jan. Eastern time, bitcoin had risen to $30,261.793. The FSCA found that MTI kept no accounting records or a thorough register of participants, although it claimed to have 260,000 members and 23,000 bitcoin — about $740 million. As of 7:34 p.m.

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Bitcoin Law Enforcement Cryptocurrency Authorization 100

PYMNTS

OCTOBER 12, 2020

Aave recently announced its governance model to help the community access more participation, with old Aave token LEND now able to be swapped for the new Aave token at a ratio of 100 LEND to 1 Aave. The money will be used to help Aave expand into the Asian market, and help it achieve more institutional adoption.

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Bitcoin Money Laundering Compliance Non-Bank 104

PYMNTS

JANUARY 13, 2021

Goldman Sachs Global Head of Commodities Research Jeff Currie told CNBC the bitcoin market is maturing. “I Right now, only about 1 percent of the $600 billion invested in bitcoin is institutional, he said, CNBC reported. 11), when it fell below $31,000, just days after breaching $41,000. In other news, about 20 percent of the 18.5

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Bitcoin FBI Cryptocurrency Breach 81

PYMNTS

AUGUST 14, 2020

Coinbase, the digital currency exchange, will offer bitcoin-backed cash loans to select customers as early as next month, the San Francisco-based company announced on its blog this week. Customers in 17 states have been invited to join the waitlist to borrow up to 30 percent of their bitcoin holdings.

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Bitcoin Cryptocurrency Federal Reserve Digital Currency 107

PYMNTS

FEBRUARY 6, 2019

Jack Dorsey, billionaire tech founder and current CEO of Twitter, said he only owns bitcoin and that he supports the Lightning Network , a bitcoin network update that could make bitcoin payments speedier and less expensive, according to reports. 5): “I only have bitcoin.” Bitcoin is principled.

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Bitcoin Faster Payments Ubiquitous Payments 81

PYMNTS

SEPTEMBER 15, 2020

District Court against four people for allegedly “fraudulently soliciting funds” from individuals to attempt to wager on changes in the price of bitcoin, according to a press release. On another note, Ticino Blockchain Technologies Association was created with the participation of two Swiss universities, according to an announcement.

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Bitcoin Central Bank Scams Treasury 95

PYMNTS

SEPTEMBER 29, 2020

In a report, the Financial Intelligence Unit said that firms registered in other nations and led by eResidents have participated in “a few large-scale exit scams," Bloomberg reported. Estonia is a country of 1.3 million individuals that assisted in making Skype and blazing a trail for digital voting.

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Participant Digital Currency Bitcoin Scams 77

PYMNTS

NOVEMBER 13, 2018

According to a report in The Next Web , scammers tweeted out links to scam giveaways that encourage users to send small amounts of cryptocurrency to have a chance at winning more than $31 million worth of bitcoin. Elon Musk , the founder of Tesla, was used in a different bitcoin Twitter scam.

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Scams Bitcoin Enrollments Cryptocurrency 72

PYMNTS

DECEMBER 1, 2020

Bitcoin saw a new all-time record high on Monday (Nov. Bitcoin’s price has been steadily rising in recent weeks, climbing above $19,000 last week , thanks to the pandemic-driven shift toward digital payments and cryptocurrency adoption by several mainstream companies, including Square and PayPal. Eastern Time.

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Bitcoin Money Laundering NOV Cryptocurrency 80

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. 17), Bitcoin’s gains leveled, trading over 9 percent higher at about $22,787. A BlackRock executive said bitcoin can replace gold, per CNN. The previous record was in 2017. .

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PYMNTS

JANUARY 5, 2021

Mainstream acceptance of bitcoin is accelerating right now as Wall Street wakes up to its potential,” said Kevin Worth, CEO of CoinDesk, in the release. With that has come an urgent need for the kind of robust data and professional tools that enable institutions to participate.”. trillion market cap.

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CoinRemitter

JANUARY 10, 2024

A popular and much-awaited approval of a spot Bitcoin ETF has grabbed headlines. Securities and Exchange Commission (SEC) has officially approved a Spot Bitcoin Exchange-Traded Fund (ETF). Spot Bitcoin ETF: A Brief Introduction A spot Bitcoin ETF is traded on stock exchanges. It holds Bitcoin as a primary asset.

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Bitcoin Cryptocurrency On-Demand Volume 75

Payments Source

NOVEMBER 15, 2019

The cryptocurrency world is seeing a surge in the issuance of gold-backed tokens, with some of the digital-asset industry’s biggest and most controversial participants joining in on the fresh gold rush.

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Bitcoin Cryptocurrency Participant Digital Payments 96

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

Finovate

DECEMBER 20, 2023

With a spot Bitcoin ETF expected in 2024, crypto investors, traders, and enthusiasts are likely feeling as optimistic about digital assets as they have in awhile. BlackRock, Nasdaq, SEC Meet Again on Bitcoin ETF This week, according to reporting in Coindesk, representatives from BlackRock, Nasdaq, and the U.S.

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Bitcoin Payment APIs and Integration Financial Inclusion Blockchain 75

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

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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Bitcoin Blockchain Economy Financial Inclusion 72

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.

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Bitcoin Product Agreements Rules 59

PYMNTS

APRIL 26, 2019

Amazon Embraces Bitcoin. Bitcoin , through the lightning network, will soon be available as an option to pay on Amazon and other eCommerce sites. Amazon itself does not handle the bitcoin, and it was not clear which financial institutions are converting it from crypto to fiat (real currency) so merchants can receive actual money.

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Bitcoin Venmo B2B PayPal 70

PYMNTS

DECEMBER 21, 2020

It is not yet clear whether he participated actively in the theft or if he simply decided not to increase security measures after discovering it,” Ivano Gabrielli, director of the national center for cyber crimes (CNAIPIC), told Reuters. They allege that F.F. Meanwhile, U.K. 21), according to Cointelegraph.

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Blockchain Bitcoin Money Laundering Cryptocurrency 82

The Fintech Times

JANUARY 12, 2024

The US has become the ninth country to approve a spot Bitcoin exchange-traded-fund (ETF) following the Security and Exchange Commission ‘s (SEC) latest announcement. On 10 January 2024, the US regulator approved the listing and trading of a number of spot bitcoin exchange-traded product (ETP) shares. ” Hester M.

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Bitcoin Regulations Cryptocurrency Money Laundering 64

CB Insights

NOVEMBER 21, 2017

As of this writing in mid-November 2017, the total market capitalization of cryptocurrencies hovers around $220B (with a single bitcoin trading for upwards of $8,000). It will also define Bitcoin, Ethereum, blockchain broadly, and initial coin offerings, and highlight promising use cases for the technology. What is Bitcoin?

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Blockchain Technology Bitcoin Participant 78

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. Interested in learning more about Blockdata and DLT? DLT network.

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Blockchain Bitcoin Use Case Privacy 101

PYMNTS

NOVEMBER 18, 2020

Bitcoin has continued to rise, hitting $18,172 Wednesday morning (Nov. Bitcoin has been on the rise in 2020 as it becomes increasingly more accepted by the mainstream payments industry. 18), the first time the cryptocurrency has climbed above $18,000 since December 2017, CNBC reported. It fell slightly, hitting 17,542.52 Eastern Time.

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Bitcoin Compromise Cryptocurrency NOV 60

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. Paxful says it has experienced a 350 percent jump in the use of its infrastructure in Russia, Decrypt reported. In other news, Electric Coin Co. ,

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Bitcoin Financial Literacy Digital Currency Legal 52

The Fintech Times

MAY 25, 2024

But how is this approval different to Bitcoin’s in January? Earlier this year, the crypto industry rejoiced as the US regulator announced a huge milestone that many had been calling for: Bitcoin ETFs. The post Spot Ethereum ETF Approval: How is This Milestone Different to the Bitcoin ETF Approval?

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Bitcoin Cryptocurrency On-Demand Risk 72

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. Meanwhile, Coinme , crypto exchange, and Coinstar have announced in a press release that their number of bitcoin-enabled kiosks nationwide in the U.S.

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Bitcoin Digital Currency Transactions Government 74

PYMNTS

FEBRUARY 5, 2020

The funding round was spearheaded by Eight Roads, with participation from Telefónica Innovation Ventures, Deutsche Telekom’s Telekom Innovation Pool, HKT and Singtel Innov8. In other news, Lightning Labs has raised $10 million in Series A funding in a bid to be known as the “Visa” of bitcoin, according to CoinDesk. ”

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Bitcoin Blockchain Laws Volume 57

PYMNTS

AUGUST 5, 2020

Consumers, he said can buy bitcoin today through its back-end partners that manage digital wallets for the consumer. What we have seen increased significantly is the bitcoin purchases. The Brick-And-Mortar Component. In expanding cash-to-digital payment initiatives, kiosk placement is critical, of course.

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Bitcoin Payment APIs and Integration Online and Mobile Banking Credit Union 135

Fintech News

APRIL 8, 2024

Data from the Cambridge Bitcoin Electricity Consumption Index show that Malaysia accounted for 2.51% of global Bitcoin mining in January 2022, while Thailand accounted for 0.96%. Moreover, crypto-asset activity is primarily driven by speculation, with investors attracted by the potential for outsized returns.

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Financial Inclusion Bitcoin Stablecoins Mitigation 135

The Fintech Times

NOVEMBER 11, 2024

In May, Noriyuki Hirosue , founder and CEO of Bitbank, discussed the potential of these technologies as the company celebrated its 10th anniversary : “Blockchain and bitcoin technology is sure to advance the digital society. We want to spread this technology in a healthy way and contribute to the progress of the world.”

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Blockchain Cryptocurrency Bitcoin Participant 64

Fintech News

AUGUST 19, 2024

The approval of Bitcoin Spot Exchange Traded Funds (ETFs) by the US Securities and Exchange Commission earlier this year for one, has boosted sentiment while across the globe, governments are actively working towards spelling out new rules for this asset class, suggesting much potential for further growth and development. .

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Accreditation Bitcoin Cryptocurrency Best Practices 120

PYMNTS

DECEMBER 22, 2020

Any bank can participate in the digital currency initiative, Ledger Insights reported. NTT Data, Project Spunta’s developer, and payment system provider SIA, are participating in the research experiment, Ledger Insights reported.

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Distributed Ledger Technology (DLT) CBDC Digital Currency Bitcoin 69

PYMNTS

OCTOBER 23, 2018

The system, intended to be linked with market infrastructure already in place, enabled participants to settle mock securities with mock central bank cash. 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

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. Abra, which works by letting users bet on price movements of listed U.S.

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Bitcoin Cryptocurrency Legal Digital Currency 68

PYMNTS

DECEMBER 6, 2020

Corbat also said cryptocurrencies would play a role, and while he didn't mention bitcoin, said some of the currencies would be “continued alternatives” that people can “take advantage of based on the underlying nature of what they are.”.

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CBDC Digital Currency Central Bank Government 114

The Fintech Times

JANUARY 14, 2025

Funding and investments LemFi , a platform helping immigrant communities access financial services, has raised $53million in Series B funding led by Highland Europe with participation also from Left Lane Capital, Palm Drive Capital and Y-Combinator. The new round brings LemFis total capital raised to $85million.

FinTech 64

FinTech Online and Mobile Banking Payment APIs and Integration Treasury 64