PYMNTS

JANUARY 6, 2017

This week’s Bitcoin Tracker is like a game of good news, bad news. Whoever “they” are, they’re not likely to be part of the crowd who were hoping that bitcoin’s $1,000 break would last longer than it did. Bitcoin was riding high until yesterday (Jan. 5, 2017, bitcoin was worth $1,153.02. At 8:00 a.m. UTC on Jan.

Bitcoin 101

Bitcoin National cryptocurrency Regional 101

PYMNTS

AUGUST 4, 2019

Elliptic collaborated with researchers from the Massachusetts Institute of Technology (MIT) on the data set, which was taken from 200,000 bitcoin transactions worth $6 billion — the largest set of labeled transaction data publicly available in any digital currency in the world. A big problem with compliance, in general, is false positives.

Bitcoin 115

Bitcoin Study Data Massachusetts 115

PYMNTS

JUNE 27, 2019

Data shows that there are now more than 5,000 bitcoin ATMs around the world. s South West Regional Cyber Crime Unit (SW RCCU), in a joint operation with the Dutch police (Politie), Europol, Eurojust and the U.K.’s The theft targeted bitcoin tokens, impacting at least 4,000 victims in 12 countries. percent.

ATM 115

ATM Bitcoin San Francisco cryptocurrency 115

PYMNTS

JULY 1, 2016

Singapore is on a mission to build up a Smart Nation by utilizing innovation and technology to create opportunities and strengthen communities. Startups are estimated to employ nearly 300,000 on the island nation. Singapore is poised to become the world’s first country to make the notion of a “Smart Nation” an actual reality.

National 133

National Training Bitcoin Samsung 133

PYMNTS

JANUARY 1, 2021

The Office of Foreign Assets Control stated in announcing the deal: "As a result of deficiencies related to BitGo’s sanctions compliance procedures, BitGo failed to prevent persons apparently located in the Crimea region of Ukraine, Cuba, Iran, Sudan, and Syria from using its non-custodial secure digital wallet management service.

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Miami Bitcoin cryptocurrency Florida 201

PYMNTS

SEPTEMBER 2, 2019

While the platform has predominately been used in individual pilot cases, Ajay Sharma, HSBC’s regional head of global trade and receivables finance for Asia-Pacific, said it is getting closer to full proposition. “We NDIP, a collaboration between the United Nations and San Francisco-based nonprofit Kiva , is being rolled out in two phases.

blockchain 144

blockchain System San Francisco National 144

PYMNTS

FEBRUARY 21, 2018

Montroll operated an unregistered online securities exchange and defrauded its users by misappropriating their bitcoins. In addition, the SEC alleges Montroll and the exchange failed to disclose a cyberattack on BitFunder’s system that resulted in the theft of more than 6,000 bitcoins.

Fraud 102

Fraud Bitcoin New York Regional 102

PYMNTS

AUGUST 29, 2018

Users in the region are able to spend and acquire Dash through their mobile phones, which comes loaded with the Dash ecosystem. The news comes as Venezuela now considers both Petro and the “sovereign Bolivar” to be official national currencies.

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PYMNTS

OCTOBER 11, 2018

China isn’t the only region dealing with these issues. The report comes after a group of Icelandic thieves recently stole 600 computers used to “mine” bitcoin in what local law enforcement called the biggest theft in the nation’s history. According to Reuters , the new rules — which take effect on Jan.

Regulation 108

Regulation Online Bitcoin Guidelines 108

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. billion bank in the Mid-Atlantic region.

Fintech 194

Fintech Community Regional Technology 194

PYMNTS

JUNE 4, 2018

has lagged behind other regions (notably Europe, and, for example, the U.K.) Last year, for example, two banks in that country were fined roughly $3 million after they allowed clients to violate sanctions that had been imposed on North Korea by the European Union and the United Nations. As noted at the time, the U.S.

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Fintech Lending Regulation Examples 119

PYMNTS

JUNE 20, 2016

Most, the bureau noted, involved requests for wire transfers into bank accounts in Hong Kong and China, though 79 nations were identified within these requests, reports said. businesses last year due to cybercrime , a figure that marks a 22 percent increase in cybercrime in the nation, reports from Get Safe Online and Action Fraud said.

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Management Bitcoin Survey Report 104

PYMNTS

JULY 12, 2018

Zug] has long been home to citizens from around the world, with over 30 percent of its population being foreign nationals,” Oliver Bussmann, who is the founder of Bussmann Advisory AG and president of the Crypto Valley Association (CVA), told PYMNTS in an email interview. One such company in the Zug region is crypto loyalty firm qiibee.

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blockchain Taxes Regional New York 104

American Banker

JUNE 30, 2016

The bitcoin blockchain poses a negligible competitive threat to legacy institutions, but the technology could open up new markets for financial services, says a new report by Citigroup equities analysts.

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Bitcoin Report Marketing blockchain 42

PYMNTS

FEBRUARY 21, 2018

Governments may not be too keen on bitcoin, but blockchain is another story. A regional government in Russia is now working with state-backed VEB, reports in CoinDesk said this week, as authorities explore how to use blockchain “to improve the quality of management decisions.”. United States.

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American Banker

JULY 11, 2016

Bitcoin survived its quadrennial event on Saturday, with the reward for mining new bitcoins slashed in half for a second time in the virtual currency's history. The change could thin the herd of bitcoin miners, armed with powerful computer processors, that have popped up around the world. …

Bitcoin 28

Bitcoin Regional National 28

Abrigo

JULY 22, 2022

The recent FDIC letter requests that financial institutions notify an appropriate FDIC regional director of their intent before engaging in crypto-related activity, or, if already doing so, that they promptly send notice of their activity. While states like?

cryptocurrency 195

cryptocurrency FDIC Regulation Fraud 195

American Banker

JANUARY 4, 2017

Bitcoin boost: While the Dow Jones Industrial Average struggles to reach the 20,000 mark, a different financial milestone was hit on New Year's Day. On Sunday bitcoin broke through the $1,000 mark for the first time, and kept climbing to $1,022 on Tuesday. Receiving Wide Coverage.

Bitcoin 31

Bitcoin Industry Regional National 31

American Banker

AUGUST 22, 2016

Blame it on bitcoin: Bitcoin may be fueling the recent surge in ransomware attacks, which have quadrupled in the past year to about 4,000 a day, according to the U.S. Department of Justice, "Attacks spiked this year amid the growing use of bitcoin and improved encryption software," the Wall Street Journal said.

Bitcoin 28

Bitcoin Software Payments Regional 28

American Banker

NOVEMBER 1, 2016

Move over bitcoin: Speculators drove up the price of a single unit of Zcash – a new virtual currency that was built to be all but untraceable – to over $1,000 on Monday, a few days after it was introduced. Receiving Wide Coverage. Price volatility aside,…

Bitcoin 28

Bitcoin Online Regional National 28

PYMNTS

JULY 3, 2017

Earlier this month, NACHA (the National Automated Clearinghouse Association) sent its Government Relations Advisory Group on its annual pilgrimage to Capitol Hill. Discussion topics on the Hill this year ranged from APIs and same-day ACH to bitcoin and banking marijuana sales. Banking Around Legalized Marijuana.

Payments 113

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American Banker

AUGUST 4, 2016

Bitcoin plunges after Hong Kong hack. Bitcoin plunged 20% yesterday after Bitfinex, an exchange based in Hong Kong, said it had been hacked and funds were stolen. Nearly 120,000 bitcoins were stolen. Receiving Wide Coverage. Financial Times, New York Times …

Bitcoin 28

Bitcoin New York Regional National 28

American Banker

OCTOBER 27, 2016

The world's third-largest bank has teamed up with the world's largest bitcoin company with a goal of devising a way to execute cross-border payments more quickly and efficiently. But that isn't all.

Bitcoin 28

Bitcoin Payments Company Regional 28

Abrigo

MAY 20, 2015

An innovation like that can make the Apple Watch and Bitcoin seem archaic in comparison. Given that consideration, many of the national and regional institutions are able to invest the funds and resources to keep up with their customers’ tech. For community banks and credit unions, this may be more of a challenge.

Apple 150

Apple Comparison Mobile Innovation 150

PYMNTS

AUGUST 20, 2018

Despite direct exposure to the region, they remain unaware of the GDPR requirements. That caution comes even while the door is being opened for some lenders such as OnDeck Capital to operate nationally rather than contending with a patchwork of state regulations and operating in each market, in effect, locally.

Fintech 101

Fintech Survey Regulation Resources 101

PYMNTS

APRIL 28, 2017

the nation most targeted for ransomware attacks — tend to respond to this form of cyberattacks. Symantec saw new levels of cybercriminal ambition in 2016 — record identities exposed in data breaches, digital bank heists, DDoS attacks powered by IoT devices and, perhaps most notably, a rise in attacks on government entities and nation-states.

Security 157

Security Software National Report 157

American Banker

MARCH 4, 2016

Adam Draper of Boost VC talks about the rise of the blockchain, the challenges of the bitcoin world and the future of banking.

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Bitcoin blockchain System Regional 28

PYMNTS

JULY 22, 2019

Regional banking force KeyCorp disclosed a massive fraud that could potentially cost as much as $90 million – according to reporting out of CNBC last week. The hack reportedly happened at the end of June at Bulgaria’s tax agency – the National Revenue Agency (NRA). Starting with. KeyBank’s Costly Payroll Fraud Problem .

Data 100

Data Security Fraud Indiana 100

PYMNTS

MARCH 9, 2018

It’s not the conventional definition of national security.”. National security here is the lever to the trade war, as the Trump administration has said that the decline of domestic manufacturing means we cannot make the weaponry we need to provide, well, security. Fizzles: Bitcoin prices: Between regulatory scrutiny in the U.S.

New York 101

New York Cleveland Security National 101

Gonzobanker

DECEMBER 17, 2021

From nowhere, sizable regional players are being created. Some interesting finalists would be: M&T and People’s United Old National and First Midwest Webster and Sterling Columbia Bank and Umpqua. Performance and multiples continue to be solid, outperforming most regional banks. We aren’t talking just Bitcoin or Ethereum.

Fintech 143

Fintech Strategy Leadership Lending 143

Tomorrow's Transactions

NOVEMBER 16, 2014

Let’s return to Ben’s comments in a moment but first look at the concept of supra-national money — money that is not connected with national borders — through a conservative lens. Remember my new tattoo, “cuius regio, emus pecunia” or “whose region, his money”? As I said at the time, that’s what I call thinking out of the box.

National 58

National US Community Bitcoin 58

PYMNTS

JULY 15, 2019

To ward off the currency speculators that have tended to plague high-profile crypto projects like bitcoin , Libra will be a stablecoin, with its value pegged to the U.S. The reality, Cuban noted, is that Libra could be a dangerously destabilizing factor in some regions where it is proposed for use. “I The Regulators React (Badly) .

Regulation 100

Regulation cryptocurrency Policies blockchain 100

American Banker

MAY 2, 2016

Wall Street Journal. Silicon Valley is investing in a startup that seeks an old-fashioned bank charter. Yes, you read that correctly. Warburg Pincus, which has plenty of experience investing in community banks, is leading an investment round in Varo Money, which is developing a mobile-banking app.

Bitcoin 28

Bitcoin Community Bank Fintech Community 28

American Banker

MARCH 28, 2016

Wall Street Journal. Banks have turned to home equity lines of credit as a means of counteracting a slowdown in refinancing and the continued depression of mortgage originations. In 2015, lenders loaned $156 billion to consumers through HELOCs, the highest amount since 2007 when the housing bubble burst and nearly a quarter higher than in 2014.

Bitcoin 28

Bitcoin Regional National 28

Jessica Ellerm

NOVEMBER 26, 2015

Kiwi ingenuity, or our ‘Number 8 wire’ mentality as it is known in New Zealand, has allowed our small nation to punch above its weight on the world stage. When it comes to p2p lending, New Zealand’s Harmoney leads the APAC region. Yet we don’t just make great lab rats, we are also great inventors.

Company 45

Company Fintech Lending Bitcoin 45

PYMNTS

SEPTEMBER 3, 2018

That represents a 6 percent crash in over a day, kicked off by bitcoin dropping $300 in just over an hour and 4.5 CFO Adam DeWitt noted that a seven-year-old, Boston-based LevelUp serves 200 regional and national brands, with a point-of-sale (POS) approach that seeks to replicate each brand’s experience online.

Branding 100

Branding Cards Fraud Marketing 100

American Banker

APRIL 1, 2016

Receiving Wide Coverage. MetLife’s Floodgates: The day after a federal judge sided with MetLife in its case against federal regulators regarding their designating the insurer as systemically important, another non-bank has filed to end regulatory oversight.

Bitcoin 28

Bitcoin System Regulation Regional 28