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Bitcoin Daily: Tether Beats Out Bitcoin In Trading Volume; EOS Receives $24M Fine From SEC

PYMNTS

Believe it or not, bitcoin is no longer the most used cryptocurrency, with data from CoinMarketCap.com revealing that the token with the highest daily and monthly trading volume is Tether. And two men have pleaded guilty for conspiring to launder money using bitcoin after selling marijuana on the dark web. A number of U.S.

Bitcoin 141
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Bitcoin Daily: Binance Denies Reports Of Police Raid; Blockchain Expands To Gaming Payments

PYMNTS

In other Binance news, the crypto exchange announced that it has acquired India-based bitcoin exchange WazirX , which will allow customers to buy and sell crypto with Indian rupees on the Binance Fiat Gateway. The population of the country sees these capital controls are put in place, and then they’re going to look for a way around it.

Bitcoin 130
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Bitcoin Daily: Bitcoin Rises After Recent Crash; IRS Delivers New Rules For Crypto Investors

PYMNTS

Ransom is demanded in bitcoin, upon threat of releasing damaging information to family, friends, and co-workers. But now the hackers are asking for alternative crypto currencies to bitcoin in their ransom demands. This latest sextortion version is using a Litecoin wallet address instead of bitcoin to evade detection,” Johnson wrote.

Bitcoin 116
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NEW REPORT: How Banks Are Driving API-First Strategies

PYMNTS

New payment and financial technologies are quickly emerging from the FinTech community, all with the promise of expediting payments and reducing the distance between cross-border trading partners. The fear of non-payment, in particular, tends to be the smaller merchants’ worst nightmare.

Strategy 190
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Investment Tracker: FLYR’s Data Science Shakes Up Travel Industry

PYMNTS

That capital is earmarked toward helping the firm’s balance sheet ahead of new capital rules that go into effect within the next two years. The latest funding round was led by Thrive Capital. FLYR is a data science company that sits at the intersection of travel and financial technology, said Project Manager Andrew Jing.

Industry 100
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What Customer Intimacy Has To Do With Payments

PYMNTS

There is a famous business artifact – a triangle – that differentiates companies in three ways: product innovators that ship the latest thing, operational and efficiency companies who compete on price, and a third category of companies that are customer intimate, who really understand the customer. Previously, he worked for the U.S.

Payments 100
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The absurdity of how the Internet and memetic infection of Finance

Lex Sokolin

When billionaire Ray Dalio begins to promote the idea that capitalism needs to be reformed , it is time to listen. At the core, it is a giant open capital markets margin desk, which clears the demand for borrowing and lending various assets to buy or to sell. For many, wearing a suit and tie today is not a prestige?—?it