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Bitcoin Daily: Lloyd’s Now Covers Crypto In eWallets; U.S. Treasury Adds Hacker Bitcoin Addresses To Blacklist

PYMNTS

Lloyd’s Head of Innovation Trevor Maynard said per the report that the British insurance company is the “natural home for insurance innovation because of the unique ability of syndicates to collaborate to insure new things.”. The company reportedly applied for an operating license in the country in the past.

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What is the State of Banking Innovation in 2017?

Bank Innovation

What is the state of banking innovation today? Bitcoin mania has died down in the fintech world, and the conversation has shifted to technologies like voice banking, payments, and alternative credit scoring. This year, the pressure for banks to innovate is high, as banks no longer […].

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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.

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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.

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Banking On APIs For B2B Innovation

PYMNTS

One of the key reasons for the complicated relationship – the term “frenemies” comes to mind – is that FinTech newcomers are demonstrating innovative approaches to traditional banking practices, including financial management services and money transfers, while older banks tend to be wedded to older systems.

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Should Obama ‘Heed The Call’ On Bitcoin?

PYMNTS

Promoting bitcoin. Which is why Obama and his team probably aren’t enthusiastic about an op-ed for CNBC from a former Commodity Futures Trading Commission (CFTC) commissioner suggesting that the White House should “heed the call” on bitcoin. One thing that’s probably not higher on that rapidly growing list?

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The Mt. Gox Bitcoin Math That Doesn’t Add Up

PYMNTS

Gox bitcoin drama got a little more dramatic this week. Gox is the now-defunct bitcoin exchange that shuttered in February 2014 after a mysterious “glitch” caused $500 million worth of bitcoin to go missing. Those bitcoin – or at least most of them — have remained missing ever since. Gox bitcoin.

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