Signature Bank raises its bet on cryptocurrency

Payments Source

Lending Cryptocurrencies

Mastercard Network Will Support Select Cryptocurrencies

PYMNTS

Mastercard has announced it will be offering support for cryptocurrencies on its network this year, Reuters reported. Mastercard already gives users the ability to transact with cryptocurrencies via cards, albeit not through the network, according to Reuters.

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Cryptocurrency Could Be Totally Banned in India

PYMNTS

India is considering new regulations that would ban cryptocurrency in the country, penalizing anyone who holds, buys, or mines bitcoin and other digital currency, Reuters reported , citing unnamed government sources.

WeWork Will Now Accept Cryptocurrency Payments

PYMNTS

WeWork has begun accepting some forms of cryptocurrency for inbound and outbound transactions, the shared office space provider announced on Tuesday (April 20). Coinbase will also become the first WeWork member to pay for its membership with cryptocurrency.

Circle adds Facebook Diem vet to bring its stablecoin into mainstream

Payments Source

Cryptocurrencies

Venmo Users Can Now Buy, Sell And Hold Cryptocurrency

PYMNTS

PayPal ’s peer-to-peer (P2P) payment app Venmo is now offering its estimated 77 million users an entrée into the cryptocurrency arena, the company said in a press release on Tuesday (April 20). In-app guides and videos are also available to help answer common questions about cryptocurrency.

Signature Bank raises its bet on cryptocurrency

American Banker

Lending Cryptocurrencies

Cryptocurrency Market Tumbles; Bitcoin Falls 12 Percent

PYMNTS

CNBC reported that bitcoin (BTC), the largest cryptocurrency by market capitalization, fell over 12 percent from a day earlier, to as low as $30,863. According to Coinmarketcap, the overall value of the cryptocurrency market — or market cap —was $880 billion Monday morning, down from $1.08

European Central Banks Demand Strict Cryptocurrency Regulations

PYMNTS

Europe's biggest banks have called on the European Commission to implement tough regulations for cryptocurrencies, such as stablecoins, that would protect consumers and preserve state sovereignty in monetary policy, Reuters reported.

Thailand to Tax Cryptocurrencies

Bank Innovation

Taxes on cryptocurrency? Taxing cryptocurrency is a way for […]. Compliance Cryptocurrency Exclusive Bitcoin cryptocurrency regulationsThat’s what regulators in Thailand are planning to institute. According to a report by Nikkei Asian Review, after a cabinet meeting suggested that crypto traders could be charged with as much as 7% value added tax as well as up to 15% tax on capital gains.

Britain To Look Harder At Stablecoins Than Other Cryptocurrency

PYMNTS

Britain plans to regulate stablecoins first rather than the whole of the cryptocurrency market, Reuters writes. He said he believes the case for intervention is less important for now in the broader cryptocurrency market.

Regulating the cryptocurrency markets

Chris Skinner

I guess that this is logical as my last line was that government control of cryptocurrencies is “not so easy for cryptocurrencies that have … The post Regulating the cryptocurrency markets appeared first on Chris Skinner's blog. Someone made the comment on my platform piece about what happens when there are no Jack Ma’s or Mark Zuckerberg’s, as the whole thing is decentralised?

Square Lands Hard On Cryptocurrency

PYMNTS

5) was its prowess in cryptocurrency. Cash App users can purchase and sell bitcoin; they can also make cryptocurrency transfers to other wallets. Square has been a supporter of cryptocurrency, which generated $65.5 Earnings Bitcoin cryptocurrency News Square

Cryptocurrency Expert: Government-Backed Cryptocurrency Misses the Point

Bank Innovation

EXCLUSIVE- To make a government-backed cryptocurrency is to defeat the point of cryptocurrency, Jacob Eliosoff, a programmer, crypto trader, businessman, and teacher, explains in an interview with Bank Innovation. There is no shortage of interest in government-backed cryptocurrency in today’s world.

Cryptocurrencies are not currencies

Chris Skinner

I’ve been watching the rollercoaster ride of cryptocurrencies very carefully for the last year, and it only struck me today that these are not currencies … yet. Apart from a few novelty vendors and merchants who put bitcoin on their websites, I don’t see many others accepting ether or XRP, … The post Cryptocurrencies are not currencies appeared first on Chris Skinner's blog.

London Neobank Revolut Debuts Four New Cryptocurrencies

PYMNTS

London challenger bank Revolut has rolled out four new cryptocurrencies — EOS, OMG Network, Tezos and 0x — for users in the Europe Economic Area (EEA), the company said in a blog post on Thursday (Dec. The startup reminded people that cryptocurrencies are not regulated in the U.K.

i2c President Says Blockchain Will Unlock Cryptocurrency

PYMNTS

PayPal is opening its network to allow consumers to shop using cryptocurrency. Cryptocurrency cryptocurrency digital money economy Featured News Fiat i2C Masterclass News pymnts tv tokenization videoCryptos are having a moment.

China Does a 180° on Cryptocurrency

Bank Innovation

China has reportedly banned all bitcoin executives from leaving its borders as part of the country’s crackdown on its cryptocurrency industry. Though these reports named bitcoin executives in particular, some see the move as the onset of a larger “war” between governments everywhere and all cryptocurrencies. Compliance Cryptocurrency Exclusive Online Bitcoin China compliance cryptocurrency regulations

Report: $50B In Cryptocurrency Moved Out Of China

PYMNTS

More than $50 billion of cryptocurrency was transferred from virtual wallets in China to other parts of the world last year, a potential violation of the nation’s strict limits on how much money can be sent abroad, according to a new report. Cryptocurrency has not been without controversy.

Most People Don’t Know What Cryptocurrencies Are

Bank Innovation

Sure, cryptocurrency and bitcoin might seem like the talk of the town, but a recent survey found that most people don’t even know what a digital currency is. According to a survey conducted by cryptocurrency platform COBINHOOD, only 56% of the 1,035 Americans surveyed knew that cryptocurrency is a digital decentralized currency designed as a […]. Cryptocurrency DataBank Bitcoin cryptocurrencies Ethereum ICOs initial coin offerings Litecoin

Beyond Bitcoin: Mainstream Acceptance Sparks Push For Everyday Cryptocurrency

PYMNTS

But step beyond bitcoin and enter the world of cryptocurrencies approaching mainstream acceptance. They may have their own cryptocurrency, they may have their own solution, be it healthcare, rewards or rebates, or other opportunities. Bitcoin gets all the headlines.

New York To Ease Cryptocurrency Regulations

PYMNTS

It will be easier for New York cryptocurrency businesses to launch in New York, thanks to a plan by regulators that would ease licensing rules.

China’s Latest Ban Threatens All Cryptocurrencies

Bank Innovation

The price of bitcoin is down following a report that China may ban all cryptocurrency exchanges within its borders. On Friday, Chinese financial news outlet Caixin reported that the Chinese government is considering banning all exchanges between bitcoin, ether, and other cryptocurrencies, and the Chinese yuan. Compliance Cryptocurrency Exclusive Bitcoin Caixin China Chinese Fintech cryptocurrency Ethereum

The State of Cryptocurrency in 2019

Bank Innovation

It was a tough year for cryptocurrencies. Over the past 12 months, Bitcoin – the most popular cryptocurrency – lost more than 70% of its market capitalization and Ethereum lost more than 80% of its value, according to digital currency exchange Coinbase. Cryptocurrency Daily Post 2 Exclusive Premium Bitcoin cryptocurrency ICOs Initial Coin Offering securities and exchange commission

The future of cryptocurrencies

Chris Skinner

2017 has been a wild and fantastic year for cryptocurrencies, especially bitcoin. 2017 was when everyone thought they had to get into cryptocurrencies, and … The post The future of cryptocurrencies appeared first on Chris Skinner's blog Everyone was wondering whether they should buy bitcoin. That was back when it was $500 a coin. Now it’s over $11,000 a coin. Funny year 2017.

South Korea’s Crackdown on Cryptocurrency

Bank Innovation

South Korean government’s skepticism on the cryptocurrency phenomenon has taken a new form as reports emerge that the government is looking to ban all digital currencies as well as prominent exchanges. Cryptocurrency Exclusive Bitcoin cryptocurrency South KoreaReuters reported that two of the country’s largest exchanges Coinone and Bithumb were raided this week by police and tax agencies on allegations of […].

American Bankers Association Seeks More Oversight Of Cryptocurrency Entities

PYMNTS

The American Bankers Association (ABA) said in testimony last week that it believes standards for cryptocurrency businesses should be strengthened. Regulation American Bankers Association banking cryptocurrency News Office of the Comptroller of the Currency regulations What's Hot

Inaugural Cryptocurrency App Ranking A Tangle Of Tied Scores

PYMNTS

There was always going to be a PYMNTS Provider Ranking of Cryptocurrency Apps. In this inaugural Provider Ranking of Cryptocurrency Apps there’s a rare three-way tie for first place, as follows: Binance , Coinbase and Crypto.com all take No. Call it inevitability.

Russia to Regulate Cryptocurrencies in 2017

Bank Innovation

Russia will start regulating cryptocurrency trading by the end of the year, according to the country’s Finance Minister. At the Moscow Financial Forum on Friday, Russian Finance Minister Anton Siluanov said: The state certainly understands that cryptocurrencies are a reality, there is no point in prohibiting them. Cryptocurrency Bitcoin Bitcoin regulation cryptocurrencies Russia

Estonia to Launch Government-Backed Cryptocurrency

Bank Innovation

Estonia, a small Northern European country bordering the Baltic sea and Gulf of Finland, wants its own official digital cryptocurrency. Cryptocurrency Exclusive cryptocurrency Estonia Ethereum ICOsAccording to reports, officials at Estonia are looking to launch a government backed digital currency called “Estcoin” with the help of Ethereum founder Vitalik Buterin through an initial coin offering. Kaspar Korjus, Managing Director at […].

Uruguay’s Central Bank to Lauch Pilot Program for Cryptocurrency

Bank Innovation

The Banco Central del Uruguay (BDC) said that it has engaged a focus group to test the transfer of cryptocurrency funds via a mobile-based app. Cryptocurrency Exclusive Mobile Bitcoin BlockChain cryptocurrencies cryptocurrencyUruguay’s central bank is testing out its own digital currency, joining a growing group of other nations doing the same.

Then, Now and Next: Retail’s Roadmap for Cryptocurrency

Banking Exchange

Since its inception, cryptocurrency has had a dubious reputation Technology Retail Banking Financial Trends Tech Management Blockchain Bitcoin Cryptocurrency Feature Feature3.

To cut volatility, European cryptocurrency pegs its value to U.S. dollar

Payments Source

European Union CryptocurrenciesWallex hopes its EURST stablecoin will be transparent and familiar enough to appeal to mainstream payment companies. ]].

Facebook Reverses Cryptocurrency Ad Ban

Bank Innovation

PREMIUM –Facebook has changed its stance on cryptocurrency ads by reversing a ban it had placed on the ads only five months ago. The news didn't do much for bitcoin, the most well known cryptocurrency, which is trading today a little above $6,000. Facebook is reversing the ban it placed in January on cryptocurrency advertisers, […]. Cryptocurrency Exclusive Online Premium Social Media advertisements cryptocurrency Facebook ICO ban

Japanese Cryptocurrency Exchange bitFlyer Launches in Europe

Bank Innovation

Japanese cryptocurrency exchange bitFlyer today announced its launch in Europe. Compliance Cryptocurrency Exclusive Bitcoin bitFlyer cryptocurrencies European UnionbitFlyer, the first Bitcoin exchange to be regulated in Japan and the U.S., said it received a Payment Institution (PI) license to operate in the European Union. The company’s founder and CEO of bitFlyer, Yuzo Kano, said in a statement: When I set up bitFlyer […].