Finovate

FEBRUARY 12, 2025

Strengthening hold on digital assets On January 23, President Trump issued an executive order titled “Strengthening American Leadership in Digital Financial Technology.” ” The order prohibits the establishment of US central bank digital currencies (CBDCs).

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Consumer Financial Protection Bureau (CFPB) CFPB AI Treasury 52

Finextra

JUNE 12, 2025

The waitlist is now open for the metal card engraved with a piece of bitcoins origin story, taken from the genesis block. Home News Crypto Coinbase launches credit card with bitcoin rewards Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

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Credit Cards Bitcoin Privacy Cryptocurrency 59

Payments Dive

JULY 10, 2025

In January, Oakland, California-based Block agreed to pay more than $250 million over similar compliance deficiencies with its CashApp peer-to-peer payments tool in a settlement with 48 states and the Consumer Financial Protection Bureau.

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AML Money Laundering CashApp Multi-Currency 60

Payments Dive

SEPTEMBER 25, 2023

The House Financial Services Committee advanced a bill last week that would block the creation of a central bank digital currency.

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Payments Dive

FEBRUARY 10, 2025

Republican senators revived a bill last week to block the Federal Reserve from creating a central bank digital currency.

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CBDC Federal Reserve Digital Currency Central Bank 103

PYMNTS

NOVEMBER 25, 2020

The Federal Ministry of Finance in Nigeria is said to be in discussions with the securities watchdog in the country to create a new digital currency and blockchain structure, Cointelegraph reported. As it stands, bitcoin and other digital currencies are seeing increasing use in Nigeria.

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Bitcoin Blockchain Digital Currency Blocks 110

PYMNTS

JANUARY 21, 2020

And now, for digital currencies, it’s a group effort — among central banks, that is. Up until now, the explorations and considerations of digital currencies — as would be, potentially, issued by central banking systems to bring fiat into digital form — has been done on a country-by-country basis.

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PYMNTS

DECEMBER 5, 2019

5) that digital currencies like Facebook’s Libra have no place in the European Union unless the consequences and pitfalls are adequately sorted out, Reuters reported. “No Ministers applauded a move by the European Central Bank (ECB) to explore creating a public digital currency.

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PYMNTS

DECEMBER 7, 2020

Bill Winters, CEO of Standard Chartered , said he sees the adoption of digital currencies on a widespread scale as inevitable, CNBC reported. Winters, speaking at the Singapore FinTech Festival, said there would likely be room for both state-backed digital currencies as well as privately-owned ones, CNBC reported.

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PYMNTS

AUGUST 2, 2019

Walmart has filed a patent application for a “digital asset” that would be based on a type of block production, according to reports. The digital currency may be pegged to the U.S. In other embodiments, the digital currency is available for use anywhere.”.

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Digital Currency Blocks Blockchain Bitcoin 66

PYMNTS

DECEMBER 1, 2016

While bitcoin — a digital currency that is designed to, among other things, keep a user’s identity a secret — is an unlikely source for security and identity solutions, its underlying blockchain technology has continued to evolve to become a secure solution for digital identity. A long road to acceptance.

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Blocks Blockchain Compromise Bitcoin 62

PYMNTS

AUGUST 11, 2020

A woman in Australia will go to jail for the theft of more than 100,000 Ripple digital currency tokens over two years ago, ACS Information Age reported. The 25-year-old individual gained access to the digital currency account belonging to a man in his 50s.

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Blockchain Bitcoin Digital Currency Blocks 74

PYMNTS

DECEMBER 7, 2018

The organization said in its report, “digital identity is the fundamental building block and a key area for governments to focus on … another important building block … is having digital versions of national currencies on the blockchain , for example, through blockchain-based central bank digital currencies (CBDCs).”.

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Blockchain Central Bank Digital Currency Blocks 75

PYMNTS

NOVEMBER 19, 2020

That's in spite of many of the SEC's past attitudes toward crypto — in Clayton's time, several different proposed bitcoin exchange-traded funds were blocked from launching. Bitcoin has been trending upward in recent months, with more mainstream accolades and many worldwide governments looking at starting digital currency programs.

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PYMNTS

SEPTEMBER 16, 2016

The bitcoin block reward was halved in July, which has changed the profitability of new miner entries and could impact the decentralization of bitcoin. KnCMiner declared bankruptcy in May even before the halving of the transaction block. But let’s turn to the miners, who aren’t happy at all with a stable bitcoin price.

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Bitcoin Digital Currency Blocks Financial Inclusion 77

PYMNTS

SEPTEMBER 23, 2020

The digital currency receives “competitive yields” from decentralized finance (DeFi) protocols without intervention as it stays in a user's wallet. Origin said the digital currency is a natural addition to its aim of facilitating peer-to-peer (P2P) commerce.

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PYMNTS

OCTOBER 21, 2020

They reportedly harnessed The Giving Block service that is used by numerous nonprofits globally. The rebound was very much expected by the market after the digital currency experienced six days of increases in the prior week. The hackers published the contribution in addition to tax receipts for 0.88 Eastern Time on Oct.

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Bitcoin Request for Comment Federal Reserve Scams 93

PYMNTS

SEPTEMBER 29, 2020

People provided access to the online technology of Estonia via an eResidency program are reportedly being connected to digital currency schemes in other countries, Bloomberg reported. In other news, KuCoin has kept the accounts of its clients restricted as hackers start to reportedly move stolen digital currency, CoinDesk reported.

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Participant Digital Currency Bitcoin Scams 77

PYMNTS

JULY 9, 2020

The case’s purported victim had become a part of a Telegram group that had marketed a blockchain smart contract that could allegedly make a digital currency called Huobi Tokens, the digital currency of the Huobi exchange. Police in a Chinese city had reportedly taken 10 suspects into custody. authorized authority, U.S.

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PYMNTS

OCTOBER 14, 2016

Emin Gün Sirer from Cornell made a pertinent statement on the final day of the Scaling Bitcoin conference: “We were all busy arguing about the block size, but everything else is crucial.” ” For many, block size is no longer the way to increase the network’s capacity. Let’s talk about throughput.

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Bitcoin Blocks Central Bank Digital Currency 77

PYMNTS

MARCH 31, 2017

While the debate stems from differing ideologies on block size , the controversy calls into question the ability of a digital currency without a central authority to update and innovate itself in any meaningful way. Earlier this week, digital currency exchange startup ShapeShift announced the close a $10.4

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Bitcoin Digital Currency Blocks Volume 65

PYMNTS

JULY 22, 2020

Banks chartered by the federal government can offer digital currency custody services, the Office of the Comptroller of the Currency (OCC) said in a Wednesday (July 22) announcement. In other news, South Korea intends to levy a two-tenths tax on income made via digital currency transactions, The Block reported.

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OCC Office of the Comptroller of the Currency Digital Currency Bitcoin 63

PYMNTS

JULY 7, 2019

The growth of digital currencies faces more than regulatory challenges, the Journal noted, saying “bitcoin has struggled to gain traction beyond a core group of techies. Even so, “regulation remains a stumbling block to cryptocurrency’s wider adoption,” the report continued.

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Regulations Legal Framework Cryptocurrency Bitcoin 82

PYMNTS

NOVEMBER 30, 2020

In other news, China’s Jiangsu Yancheng Intermediate People’s court released the details of the crypto assets seized by police related to the PlusToken Ponzi scheme crackdown, The Block reported. billion, according to The Block, citing the court’s judgment, which came out on Nov. million people, The Block reported.

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Bitcoin Law Enforcement Blocks Cryptocurrency 67

PYMNTS

APRIL 15, 2020

Investors might be keeping their bitcoins prior to halving in May, at which point rewards for each block mined will be reduced, CoinDesk reported. Rewards for each block mined will be cut to 6.25 In other news, gold might be performing better than bitcoin, but inflation may bolster the digital currency, CoinDesk reported.

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Bitcoin Federal Reserve Blocks Digital Currency 67

PYMNTS

DECEMBER 19, 2019

The PIT digital currency exchange of Blockchain.com is one of the few exchanges to turn on the U.K. Faster Payments Scheme, The Block reported. The initiative will enable users to instantly deposit and withdraw British pounds, and purchase digital currencies. The Faster Payments Scheme, as it stands, is a U.K.

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PYMNTS

APRIL 29, 2019

China is hardly the only player looking to create so-called crypto cities: In Nevada, a digital currency millionaire is aiming to build a blockchain-based community. The transactions will all be stored in the DMI blockchain where any issues that arise can be resolved,” Keng Kai said.

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Blockchain Blocks SDN Government 51

PYMNTS

SEPTEMBER 13, 2019

13) that calls out Facebook’s proposed cryptocurrency Libra as potentially harmful to the financial sector, warning that it could block the coin’s authorization in Europe. The European Central Bank (ECB) recently said it was working on a public digital currency that would make projects like Libra unnecessary.

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Digital Currency Central Bank Cryptocurrency Direct Deposit 55

Fintech News

JANUARY 10, 2024

The top fintech trends in Singapore shaping this growth include instant cross-border transactions, generative AI across financial services, emerging digital currency uses, embedded finance “as-a-Service”, and increased ESG reporting and data convergence.

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Cross-Border FinTech Cross-Border Payments Embedded Finance 117

PYMNTS

MAY 26, 2017

The digital currency processes transactions in blocks of 10, and miners must verify each block by cracking complex calculations before the block is added to the public ledger, or chain. a digital currency trading firm in Hong Kong. a digital currency trading firm in Hong Kong.

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Bitcoin Blocks Digital Currency Rules 43

PYMNTS

DECEMBER 2, 2020

In other news, The Giving Block is aiming to raise at least $1 million in donations through its Bitcoin Tuesday event, according to Cointelegraph. All our charities accept more than just Bitcoin,” said The Giving Block, per Cointelegraph. Donations can be made throughout the month of December.

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Bitcoin Blocks Blockchain Push-to-Card 60

PYMNTS

NOVEMBER 13, 2018

Bitmain , the Chinese digital currency mining firm, has filed a suit in U.S. million in bitcoin, as well as other assets of a digital nature. However, the filing noted that “summary blocks and correction blocks” can be created on the chain. John Doe” allegedly took more than $5.5

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Bitcoin Blockchain Blocks Research 54

PYMNTS

JUNE 19, 2017

When Troia could not even confirm whether such authorization existed, Coinbase suspended his account and blocked him from creating accounts in family members’ names to continue conducting business. With digital currency still relatively young, it will probably be a while before regulators get it right.

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Bitcoin Regulations Money Laundering FBI 75

PYMNTS

OCTOBER 10, 2018

According to the report, as it stands, bitcoin miners make 54,000 BTC each month for processing the mining blocks. In February Morgan Stanley analysts estimated that bitcoin miners lose money when the price of the once high-flying digital currency is below $8,600.

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PYMNTS

SEPTEMBER 30, 2016

According to NewsBTC : “One glance at the report and it is quite evident that the digital currency is right on track.”. The Needham report delves into the problems of scalability facing the digital currency, suggesting that introducing second-layer technologies is preferable to implementing a hard fork to increase the block size.

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PYMNTS

SEPTEMBER 27, 2019

Cliffe said Facebook’s Libra has lit a fire under banks around the world in terms of the need to stay ahead of the curve in this new wave of digital currencies. As for the benefits, digital currency would let banks get rid of physical money and “move even further into negative territory with interest rates.”.

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Central Bank Digital Currency Cryptocurrency Push-to-Card 51

PYMNTS

OCTOBER 10, 2019

BoA has not been particularly friendly toward cryptocurrency over the years, and has blocked accountholders from finishing transactions. However, things seem to be changing this year, as the bank applied for a patent for a digital currency wallet in August.

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