Coinbase Starts Cryptocurrency Venture Fund

PYMNTS

To give cryptocurrency startups and their founders a boost, Coinbase has started a new incubator fund called Coinbase Ventures. While the popular cryptocurrency exchange expects the fund’s profits to be small compared to those of its overall business, the fund already has $15 million and is expected to grow, CNBC reported. “We’re The fund is designed to help launch firm and aid founders in the cryptocurrency and blockchain industries.

Israel to Tax Cryptocurrencies

Bank Innovation

Israel is going to put a tax on cryptocurrencies including bitcoin, regulators in the country said yesterday. According to a circular by Israel Tax Authority yesterday, the government said it looks at cryptocurrencies as a property rather than a currency, and therefore it will be taxable.

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.

Ripple Leads Cryptocurrencies Lower

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Cryptocurrencies led by real-time gross settlement (RTGS) system Ripple’s XRP fell in trading Monday (Jan. While Ripple was soaring in trading in 2017, concerns have been mounting recently that it could be a bubble pressuring it and other cryptocurrencies. . Ripple News reported that Western Union was gearing up to embrace Ripple’s blockchain technology which made supporters of the cryptocurrency happy.

Uphold Powers Cryptocurrency Payroll

PYMNTS

In the developed world of workers in the United States and Europe, the ability to be paid in cryptocurrency probably would not add all that much to their daily life. But Uphold, in its newly announced partnership with cryptocurrency payroll firm Bitwage and Dash (a blockchain-powered cryptocurrency), is committed to making that wage movement easier – both for the employer and the worker.

Cryptocurrencies Surge as Debate Over Digital Tokens, Securities Reignites

Bank Innovation

EXCLUSIVE— Cryptocurrencies are experiencing one of their highest points in recent weeks, after remarks made by former financial regulator Gary Gensler brought back concerns that certain tokens should really be considered securities.

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?

Eastman Kodak Launches Photo-Focused Cryptocurrency

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Following in the footsteps of companies seeking to get in on the cryptocurrency craze, Eastman Kodak Co. The cryptocurrency, which the company is calling Kodakcoin, will be “a photocentric cryptocurrency to empower photographers and agencies to take greater control in image rights management.”. Fast-casual restaurants have also launched their own cryptocurrencies. Blockchain cryptocurrency Eastman Kodak investing Kodakcoin Merchant Innovation News stocks What's Hot

Japanese Cryptocurrency Exchanges Report 669 Cases of Money Laundering

Bank Innovation

Japan’s cryptocurrency exchanges have reported a total of 669 suspected money laundering cases to the country’s National Police Agency, according to a report by Nikkei Asian Review. Cryptocurrency Exclusive Security Bitcoin cryptocurrency money laundering

13 Questions to Cryptocurrencies From SEC

Bank Innovation

The Securities and Exchange Commission is telling investors to ask their cryptocurrency platforms 13 questions to weed out the “”potentially unlawful” ones. Cryptocurrency Exclusive Bitcoin Commodity Futures Trading Commission cryptocurrency securities and exchange commission

Nordea Institutes Cryptocurrency Trading Ban For Employees

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Due to high risks and “insufficient” protection, the Nordic region’s largest bank will ban its approximately 31,000 employees from trading in cryptocurrencies such as bitcoin, the company said on Monday (Jan. While Nordea will not force employees to sell cryptocurrencies that they currently own, the bank recommends that they do so. For employees who do wish to trade in cryptocurrency, they will not be able to do so from Feb.

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.,

Major Indian Bank HDFC Bans Cryptocurrency Purchase

Bank Innovation

EXCLUSIVE – HDFC (Housing Development Financial Corporation), one of India’s largest private sector banks has banned cryptocurrency purchases from its cards, both credit and debit. Cryptocurrency Exclusive Premium Bitcoin cryptocurrency HDFC Bank ICICI Bank India Reserve Bank of India

Bitcoin, Other Cryptocurrencies Continue Decline Over Regulation Fears

PYMNTS

With fresh concerns about government regulation of cryptocurrency surfacing, Bitcoin and other digital tokens continued the recent declines in value, erasing $550 billion in value for the global cryptocurrency market since the start of 2018. Citing Japan’s Nikkei Business Daily , TheStreet.com reported that two cryptocurrency exchange startups took back their applications to the Financial Services Agency in Japan after they were told to beef up their security features.

DDoS Attacks With Cryptocurrency Demands Increasing

PYMNTS

Distributed denial of service attacks, otherwise known as DDoS , have now added a cryptocurrency mining twist to the scam, requiring victims to pay the ransom. In one example, a note demanded 50 XMR, or Monero, which is a cryptocurrency. Fortune noted that Monero has become an attractive cryptocurrency for the bad guys because it is harder to trace than bitcoin. Security & Fraud Akamai bitcoin cryptocurrency DDoS Hackers Monero News phishing ransom What's Hot XMR

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.

Cryptocurrency Is an Asset Class, Chain CEO Adam Ludwin, says

Bank Innovation

EXCLUSIVE – Cryptocurrency is an asset class that enables a new kind of software, Adam Ludwin, co-founder and CEO of blockchain technology platform Chain said at the Bank Innovation 2018 conference in San Francisco. Cryptocurrency Exclusive Bitcoin cryptocurrency

Visa Greenlights Singapore Prepaid Cryptocurrency Card

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Singapore residents will soon be able to make purchases with a prepaid Visa card backed by the cryptocurrency platform Monaco. This is an important step towards Monaco’s vision to introduce cryptocurrency to the mass market,” said Kris Marszalek, co-founder and CEO of Monaco, in a press release. percent cryptocurrency cash back on all transactions, the Monaco Visa prepaid card will become the card of choice for consumers.

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 ICOs

China To Shut Down Cryptocurrency Exchanges

PYMNTS

Bitcoin, the popular cryptocurrency, is facing increased scrutiny from government regulators in China, which are reportedly gearing up to close Chinese bitcoin exchanges. This decision resulted in a decline in the price of the cryptocurrency late last week. This is the latest in a series of steps by regulators in China to clamp down on the surging cryptocurrency market.

The Two Faces of Cryptocurrency in China

Bank Innovation

Compliance Cryptocurrency Exclusive Online Security Chinese cryptocurrency crytpocurrency.

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. Cryptocurrency Bitcoin Bitcoin regulation cryptocurrencies Russia

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. Compliance Cryptocurrency Exclusive Online Bitcoin China compliance cryptocurrency regulations

Treasury Eyes Cryptocurrencies For Money Laundering

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Treasury’s financial crime unit is picking up enforcement of cryptocurrency platforms that don’t have strong internal mechanisms in place to prevent money laundering, according to a report in Reuters. The cryptocurrency platforms in the U.S. government will also urge other countries to implement more regulation of cryptocurrencies. isn’t the only country looking to crack down on the cryptocurrency market. The U.S.

Arizona Considers Accepting Tax Payments In Cryptocurrency

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Two years after legislators in New Hampshire decided that they would not allow their citizens pay their taxes with bitcoin, the Arizona state legislature is mulling a bill that would pave the way for people to pay their Arizona taxes with cryptocurrencies, Coindesk reported. In January, Arizona lawmakers had submitted a bill that would allow taxpayers to use bitcoin – and other cryptocurrencies – to pay “tax and any interest and penalties” to the Arizona Department of Revenue.

Japanese Cryptocurrency Exchange Glitch Almost Leads to $20 Trillion Loss

Bank Innovation

It’s not a great time for Japanese cryptocurrency exchanges. Weeks after a major heist, another Japanese cryptocurrency exchange reported a huge disaster that allowed users to buy bitcoin for free. Cryptocurrency Exclusive Bitcoin Coinbase cryptocurrency

Japan Regulators Crack Down on 15 Cryptocurrency Exchanges

Bank Innovation

It’s not surprising that the Japanese government tighten its grip on cryptocurrency exchanges following a major hack a few weeks ago. Today, the Japanese government said it will start an inspection on 15 unlicensed cryptocurrency exchanges.

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

Bridging The Gap Between Fiat And Cryptocurrencies

PYMNTS

The debate over cryptocurrencies tends to hinge on the investments within the digital Wild West. The key questions revolve around who regulates bitcoin and its peers, from Ethereum to the slew of cryptocurrencies that seem to pop up daily. Perhaps lost in the shuffle, however, is the actual use of cryptocurrency as currency – namely, a way of getting goods and services into the hands of those who want them.

South Africa Central Bank Wants to Regulate Cryptocurrency

Bank Innovation

South African Reserve Bank (SARB), the country’s central bank, is laying the framework for regulating cryptocurrency by establishing a special unit to monitor developments in the space. Compliance Cryptocurrency Exclusive Bitcoin cryptocurrency cryptocurrency regulation South Africa

The future of cryptocurrencies

BankNXT

Ignoring bitcoin and cryptocurrencies is dangerous, says Christine Lagarde, though some think bitcoin "serves no useful function". The future of cryptocurrencies on BankNXT. Banking Payments bitcoin cryptocurrency

PayPal Focuses On Venmo, Not Cryptocurrency

Bank Innovation

EXCLUSIVE – Payments company PayPal might not see immediate value in cryptocurrency, but it's continuing to see more value in its P2P payments service Venmo, according to the company's Q1 earnings call yesterday.

Facebook Likes Payments: Cryptocurrency, Not So Much

Bank Innovation

Cryptocurrency Exclusive Innovations Mobile Online Open Fintech Operations Payments PFM Social Media Belfius Bitcoin chatbot cryptocurrency Facebook Facebook banking Facebook Messenger ICOs Nordea Nuvo PayPal

Does Your Robo-Advisor Allow Cryptocurrency Investing?

Bank Innovation

EXCLUSIVE- Cryptocurrency is not having a great year. And while many institutions (including big banks) have distanced themselves from the phenomenon, roboadvisors in the country remain divided in their opinion on cryptocurrency as an investment.

Reserve Bank of India Bans All Indian Banks and FIs From Handling Cryptocurrency

Bank Innovation

The Reserve Bank of India (RBI) strikes cryptocurrency again. This time India’s central bank issued a statement today banning all entities that fall under its regulation, from dealing with any cryptocurrencies.

Bitcoin Tracker: Battle For The Cryptocurrency Crown

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At the beginning of 2017, the cryptocurrency bitcoin was valued at just under $1,000 and soared up to over $3,000 in May. Cryptocurrencies have seen major growth in popularity, and alongside the increasing speed of eCommerce transactions, so does the demand for widespread use. Typically, cryptocurrencies have been relegated to the finance industry, but it has started to make inroads over the past few months into the mainstream arena.

Barclaycard Could be Next to Ban Cryptocurrency Purchase

Bank Innovation

or Barclaycard is looking to join Bank of America, Citi and Chase in banning cryptocurrency purchases on its Barclaycard, Bank Innovation has learned. “We Wilmore compared the cryptocurrency phenomenon […]. EXCLUSIVE – Barclays U.S.

Reserve Bank of India Heads to Court Over Cryptocurrency Ban

Bank Innovation

The Reserve Bank of India, the country’s central bank, will be going to court over its cryptocurrency ban after all. Cryptocurrency Exclusive Risk Security Bitcoin cryptocurrency Kali Digital Reserve Bank of India

Overstock.com Now Accepts All Cryptocurrencies

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Cryptocurrencies just made a huge leap from use in the financial arena to mainstream. Through this pairing, any one of Overstock’s customers will now have the option of making a purchase by using any one of the cryptocurrencies available, including Ethereum, Litecoin, Dash and Bitcoin Cash. With this move, Overstock is now the first major retailer to accept multiple forms of cryptocurrencies as payment.

Treasury To Add Certain Cryptocurrency Addresses To Sanctions List

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Treasury Department revealed it could add cryptocurrency addresses to its list of sanctions if it’s able to link the cryptocurrency addresses with people who are blacklisted. First spotted by The Wall Street Journal , in documents that were filed with a White House order that bans Venezuelan cryptocurrencies , the Treasury Department said it could add the addresses to the sanctions list to keep the public aware. “[The The U.S.