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Bitcoin Daily: Canaan Reports $148.6M In Losses For 2019; Shopping App Fold Signs On To Visa Fast Track Program

PYMNTS

Canaan Creative , the Chinese bitcoin miner maker, registered a net loss of $148.6 exhashes per second that comprised for approximately 20 percent of the computing power growth of the bitcoin network in 2019. Fold will now have the ability to provide a co-branded Visa card that lets consumers receive bitcoin rewards via Fast Track.

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Bitcoin Tracker: Bitcoin Black Friday

PYMNTS

In this week’s Bitcoin Tracker, bitcoin soars, then settles down and plans for its yearly sale abound. Switzerland gives bitcoin a hand by way of rail ticket machine sales, an Australian startup banks on the aptly named Dash and Zcash fervor fades. But as markets saw their prices fall, bitcoin’s numbers went up.

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Bitcoin Joins American Express and PayPal on 2017 List of Social Media Darlings

Bank Innovation

American Express is the “most-loved” financial service on social media in 2017, according to a recent report, followed by PayPal, Vanguard and bitcoin. NetBase examined 55 brands across sectors including banking, credit cards, investment banking, payment services, insurance, online lenders and crypto.

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Visa Expands Fast Track Program To Give FinTechs A Post-COVID Digital-First Edge

PYMNTS

Collaboration and not competition, Visa’s Senior Vice President, Global Head of FinTech Terry Angelos told Karen Webster in a discussion on the recent advancements and updates to Visa’s Fast Track program , is quite evident — particularly when one observes that a number of Visa’s partners are many that, on paper, might appear to be competitors.

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PayPal Reportedly To Offer Direct Crypto Sales

PYMNTS

The FinTech giant, which has 325 million customers, will allow this feature for those who want a new wallet functionality for the popular service, according to unnamed sources, the report said. PayPal has said it was never really part of Facebook’s Libra cryptocurrency initiative and had been the first major brand to pull out.

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Breaking Banks: Is Blockchain Essential to the Fintech Revolution? [PODCAST]

Bank Innovation

This week, “Breaking Banks” recounts the history of Bitcoin, and how, despite ambivalent public opinion over the past seven years, fintech professionals and pundits have given it their silent support. After this introduction, the current status of blockchain is discussed by guests Michael J.

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Bitcoin Daily: YouTube Seeks Dismissal Of Ripple Lawsuit Alleging Crypto Scam; China’s Ant Group Launches AntChain Blockchain

PYMNTS

In other news, Ant Group , the FinTech arm of Chinese eCommerce company Alibaba , has launched its own new blockchain brand called AntChain, according to The Block.