article thumbnail

Bitcoin Daily: Bitcoin ATM Installations Approach 10K Globally; Homeland Security Runs Contest For Digital Wallet Development

PYMNTS

After that time, they purportedly stole ether, bitcoin and NEO to the tune of $20 million. In separate news, the overall count of bitcoin automated teller machines (ATMs) approached 10,000 at the beginning of September, aksjebloggen.com reported. Most of the funds reportedly arrived in one of the individual’s accounts.

Bitcoin 178
article thumbnail

Bitcoin Daily: 7,000 Crypto ATMs Worldwide, Data Says; Marshall Islands Plans National Digital Currency

PYMNTS

The appointed organizer for the initiative, SFB Technologies, tapped the Algorand protocol because of its scalability, speed, security and its “ability to effectively implement required compliance controls and the transaction finality needed for a national currency.” At that time, Robocoin put a machine in a café in Vancouver.

ATM 168
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

SEC Chair: Flaws In Modern Payments Systems Are Boosting Bitcoin

PYMNTS

Securities and Exchange Commission (SEC) Chairman Jay Clayton thinks inefficiencies in traditional payments are boosting favorability for bitcoin, a report from Coindesk says. Clayton, speaking on CNBC, said bitcoin's popularity came from that disappointment in mainstream payments.

Bitcoin 263
article thumbnail

Bitcoin Daily: Crypto-Themed Cruise Ship To Set Sail, Nigeria Eyes National Crypto Adoption

PYMNTS

The National Information Technology Development Agency and the Federal Ministry of Communications and Digital Economy of the country have teamed to create a framework for country blockchain adoption, CoinDesk reported, citing local media. billion USDC in circulation, according to the announcement.

National 299
article thumbnail

US Treasury Secretary Sees Libra As National Security Threat

PYMNTS

Treasury Secretary Steven Mnuchin believes that Facebook’s proposed cryptocurrency could pose as a national security threat. In a press conference on Monday (July 15), Mnuchin warned that Libra “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.”.

National 187
article thumbnail

US Treasury Proposes Sweeping New Disclosure Rules On Bitcoin, Other Cryptos 

PYMNTS

18) that the government says would make convertible digital currencies like bitcoin less attractive to criminals engaging in crimes such as ransomware attacks. Bitcoin is a popular example. Treasury Department proposed sweeping new rules late Friday (Dec.

Bitcoin 354
article thumbnail

Bitstamp Secures EU’s First Bitcoin Exchange National License

PYMNTS

Bitstamp has stamped its name in the record books in the EU for being the first company of its kind to secure a national license to operate as a bitcoin exchange. “This is an unprecedented moment for the bitcoin and brings with it a new era of security and transparency to the industry,” the company wrote on its blog.

Bitcoin 100