Bank Innovation

OCTOBER 13, 2017

The RedLock security intelligence group has discovered that Hackers used Amazon’s Web Services (AWS) computing resources to mine bitcoin.

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Bank Innovation

JUNE 8, 2018

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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SEPTEMBER 18, 2020

This week's look at payment rail innovation is all about speed, both for legacy rails and new ones. Combining these elements, we are creating a broad platform with faster technology and smarter and better services that the industry can trust as a foundation for innovation towards their own end-clients," he added.

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PYMNTS

SEPTEMBER 4, 2019

Australian supply chain-focused blockchain technology company Security Matters has filed a patent application in the U.S. In other news, PwC Luxembourg announced that it will start accepting bitcoin payments from its clients on October 1.

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PYMNTS

JANUARY 14, 2021

Bitcoin is about to get even more scrutiny by regulators, on a global stage. As reported by Reuters this week, Lagarde said at a conference sponsored by the newswire that bitcoin should be regulated — worldwide. The comments come against a backdrop where bitcoin’s price action has been volatile — to put it mildly.

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AUGUST 18, 2019

This approval demonstrates New York’s competitiveness as a hub of innovation and leadership in emerging technologies.”. Bakkt is now authorized to provide custody services for bitcoin along with the launch of physically delivered bitcoin futures contracts. 16) in a press release.

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NOVEMBER 8, 2020

According to the release, Ripple chose DIFC for its “innovative regulations, expansive network and reputation as a leading global financial centre,” according to the release, with the two companies “aligned” in their visions for the future. Tyler Winklevoss, the co-founder of crypto exchange Gemini, said recently that the tweet from U.S.

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JULY 31, 2018

A fter beginning to recover from a months-long slide, bitcoin prices once again showed signs of weakness on Monday (July 30) after Goldman Sachs warned in a research note that the recent turnaround in prices will be short-lived, according to reports. The price of bitcoin, after briefly slipping below $8,000, was down 0.8

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Bank Innovation

JANUARY 19, 2018

Securities and Exchange Commission, or SEC, has expressed serious reservations regarding bitcoin ETFs, in a public letter published on the regulator’s website yesterday. The reservations come at a time when bitcoin has experienced a series of falls in value, just wobbling over its previously celebrated mark of $10,000.

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AUGUST 23, 2018

Another round of attempts to get bitcoin exchange-traded funds approved by the Securities and Exchange Commission has failed. This comes after the SEC denied in July a request for a bitcoin ETF that would be run by Cameron and Tyler Winklevoss. It said it disapproved because “the exchange has not met its burden.”.

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NOVEMBER 20, 2019

Last week it was reported that RBC’s planned trading platform would “facilitate buying and selling of individual digital coins, including bitcoin ( BTC ) and ether ( ETH ), as well as the transfer of funds combining different types of cryptocurrencies.” RBC explained that the patents are unrelated to the development of a crypto exchange. “As

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PYMNTS

MARCH 24, 2017

Bitcoin prices suffered further losses this past week. As the reality of the Securities and Exchange Commission (SEC) rejection sunk in, concern among investors has grown amid signs of an impending hard fork — a “great schism” of bitcoin, if you will. At the time of writing, one bitcoin was worth $1,039.93, up 0.24

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OCTOBER 21, 2019

The differentiator is that it includes a hardware wallet and can run a “full Bitcoin node,” which HTC says is a first for a smartphone. “We We gave users the ability to own their own keys, and now we’ve gone one step further to allow users to run their own full Bitcoin node,” HTC’s Phil Chen said in a statement to news outlets. “We

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PYMNTS

MAY 20, 2019

Securities and Exchange Commission (SEC) has delayed a decision to approve a bitcoin exchange-traded fund, asking for more comments in the meantime. But given that their issues are with the underlying bitcoin market, not sure why they just don’t deny it as opposed to stringing along the crypto faithful with false hope.”.

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NOVEMBER 10, 2020

In other news, Securities and Exchange Commission (SEC) member Hester Peirce expressed hope that securities regulations concerning cryptocurrencies will speed up to match the speed of financial technology innovation.

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JANUARY 15, 2019

Malaysia’s initial coin offering (ICO) regulations are said to take effect on Tuesday (January 15) per a notice from the Securities Commission (SC) in the country, Coindesk reported. million between 2015 and 2017 through the Finnish bitcoin exchange. With the order, exchanges and offerings for tokens would need the SC’s approval.

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MARCH 29, 2017

In another blow to bitcoin legitimacy, the U.S. Securities and Exchange Commission (SEC) has denied the second bitcoin-based ETF bid up for consideration this month — the Intercontinental Exchange, Inc.’s s NYSE Arca exchange’s request to list and trade the SolidX Bitcoin Trust.

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AUGUST 11, 2019

The task force is comprised of 14 appointed members and has 180 days to file a study to the governor’s office and the state’s committee on science, tech and innovation. And finally, blockchain technology company Blockstream has announced it is launching “massive” bitcoin mining data centers in Quebec and Adel, Georgia.

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Bank Innovation

APRIL 4, 2016

That guy is Mason Borda, a software engineer at BitGo, a bitcoin security firm. Borda uniquely has figured out how to pay for his $1,000 Tesla 3 reservation with bitcoin — 2.413612 bitcoins, Read More. Of the more than 250,000 people who have pre-ordered a Tesla 3 in the last three days, one guy stands out.

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OCTOBER 30, 2019

Recent filings show that China’s central bank will use its new verification system — the Certification of FinTech Products — on all of the products that could be used in digital payment technologies, including point-of-sale mobile terminals, embedded application software, user front-end software and security carriers and chips.

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MARCH 17, 2017

It has been another wild ride of a week for bitcoin in the wake of the SEC ruling. At the tail end of last week, the Securities and Exchange Commission ruled the proposed Winklevoss bitcoin ETF a no-go by nixing a proposed rule change that would have led to the fund being listed on the Bats BZX Exchange. The reason?

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PYMNTS

DECEMBER 23, 2020

Securities and Exchange Commission ’s lawsuit contending that the blockchain firm connected to the digital currency held a $1.3 billion securities offering that was not registered, CNBC reported. The SEC’s complaint centers on the contention that the digital currency should be dealt with as a security in lieu of a currency.

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JANUARY 23, 2019

Bitcoin fell to a five-week low during this past holiday weekend, reaching $3,442.50, its lowest level since Dec. Bitcoin keeps bouncing along in the upper $3K range, but it was unable to extend last week’s breakout above this level,” wrote Market Analyst Jani Ziedins. By Tuesday (Jan. 22), the crypto was up 0.7

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OCTOBER 25, 2019

The Commodity Futures Trading Commission ( CFTC ), Federal Deposit Insurance Corporation ( FDIC ), Office of the Comptroller of the Currency ( OCC ), and the Securities and Exchange Commission ( SEC ) have announced that they are joining the Global Financial Innovation Network ( GFIN ). Jack Tate told CoinDesk.

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JANUARY 31, 2021

Ripple has responded to a lawsuit against it, saying that the Securities and Exchange Commission (SEC)'s opinion that its XRP cryptocurrency is a security is false, a filing says. The SEC contests that Ripple’s digital coin counts as a security and, as such, the SEC is allowed to regulate it. The move also “threatens U.S.

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MAY 23, 2019

After careful consideration with our customers in mind, we recently decided that now is not the time to develop the idea further and bring it to the next phase of innovation,” a Rabobank spokesperson told The Next Web. Dutch bank Rabobank announced it will not proceed with its plans for a cryptocurrency wallet called Rabobit.

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JANUARY 29, 2020

If an agency intends to enforce its laws in new and innovative ways, it must first notify industry stakeholders of its intent to do so and the way in which existing law applies,” it said. “Public statements, whether through the press or formal speeches, are helpful but are not official statements of application by the agency.

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PYMNTS

MARCH 31, 2017

This past week proved once again that it’s tough to be a bitcoin fan. In another blow to bitcoin legitimacy, the U.S. Securities and Exchange Commission (SEC) has denied the second bitcoin-based ETF bid up for consideration in the month of March — the Intercontinental Exchange, Inc.’s Hard fork, anyone?

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PYMNTS

APRIL 18, 2019

Once seen as a tool for the dark web and black markets, cryptocurrencies like bitcoin now want to be a part of the broader economy. Bitcoin at the Center. ” The widespread reliance on bitcoin to facilitate ransomware payouts is a “genuine challenge” for the cryptocurrency industry, he added. .

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PYMNTS

SEPTEMBER 9, 2016

Who knew that Tyler and Cameron Winklevoss, known for their early involvement in Facebook, were in love with bitcoin? You might, when you find out that they were the first to file for a bitcoin Exchange-Traded Fund (ETF) with the Securities and Exchange Commission (SEC). And do you care?

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PYMNTS

SEPTEMBER 18, 2019

a platform that will help develop a center of AutoMobility innovation via partnerships for new technologies and/or business models. Indian auto manufacturing giant Tata Motors has launched its AutoMobility Collaboration Network 2.0, Maker is looking forward to seeing how Dai can help de-risk this emerging workforce.”.

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PYMNTS

MARCH 10, 2017

That’s bad news for commercial mortgage-backed securities tied to real estate, where loan viability and payments visibility remains in doubt if rent is not there to cover interest payments or if no tenants are left to pay said rent. Fizzle of the Week: Bitcoin. And this week bitcoin has once again failed to disappoint.

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PYMNTS

DECEMBER 4, 2020

About 10,000 Cubans have turned to bitcoin and altcoins, including ethereum and dogecoin, to skirt around U.S. The proof-of-concept was run in partnership with BIS’ Innovation Hub Swiss Centre, the Swiss National Bank and financial infrastructure operator SIX, according to the announcement.

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PYMNTS

NOVEMBER 21, 2018

To bolster security and efficiency, SWIFT India’s banks plan to tap into a shared distributed ledger network with the pilot. In other news, a venture capitalist believes bitcoin may be a survivor like Amazon was in the dot-com crash, CNBC reported. Nobody likes being down like this.

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PYMNTS

FEBRUARY 21, 2019

Through the crypto transfer, 51 bitcoins, 33 Bitcoin Cash tokens, 822 Litecoin tokens, 2,000 Bitcoin Gold tokens and 951 Ether were sent to the professional services firm. According to a court document , “The monitor will hold the cryptocurrency in cold storage, pending further order of the court.”

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JANUARY 21, 2021

The Transactions in Digital Assets Act and the Adopt the Nebraska Financial Innovation Act introduce a framework for state banks to hold digital assets and create financial institutions that deal in digital coins.

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PYMNTS

MAY 3, 2018

.” And police in England seized a whopping $700,000 worth of bitcoin from a 25-year-old man, USA Today reported. Police were able to seize West’s bitcoins because he happened to be logged into his accounts when authorities took him into custody. In other news, an U.S.

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