NY Creates Cryptocurrency Task Force

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A New York State politician announced the creation of what he called the nation’s first cryptocurrency task force, to “study how to properly regulate, define and use” the currency, according to a Facebook post and reports. Cryptocurrency, however, is more than just an asset that stores value.

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.

QuadrigaCX Loses Another $500K CAD Worth Of Cryptocurrencies

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QuadrigaCX, the Canadian crypto exchange that previously lost $250 million CAD worth of cryptocurrencies and fiat, has reportedly lost an additional $500,000 CAD. The Monitor is working with Management to retrieve this cryptocurrency from the various cold wallets, if possible.”.

Coinbase Mulls Adding 30 New Cryptocurrencies

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Coinbase, a platform that allows users to buy, sell and store cryptocurrency, said it is considering adding 30 new cryptocurrencies to its roster for trading, according to a report. Coinbase has ambitious plans for cryptocurrencies.

Five At Five: Would Visa Support Cryptocurrencies?

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Today’s coverage includes the latest on how Visa views cryptocurrencies, and Expedia’s fresh plan to take on Airbnb. Visa Doesn’t View Cryptocurrency As a Business Threat. News acquisitions bank charter charge-offs commerce news cryptocurrency OC&C payments news Retail Visa

Coinbase Starts Cryptocurrency Venture Fund

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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.

Is JPMCoin a cryptocurrency and what should SWIFT do about it?

Chris Skinner

Falsely labelled a cryptocurrency, loads of headlines emerged about JPM killing XRP, the currency of Ripple. Here’s a decent piece of … The post Is JPMCoin a cryptocurrency and what should SWIFT do about it?

Visa Doesn’t View Cryptocurrency As A Business Threat

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Visa’s chief executive officer Al Kelly doesn’t think cryptocurrencies are a threat to its business and is ready to implement systems that support it if it becomes more mainstream. VISA cryptocurrencies fiat currency News Payment Methods Visa What's Hot

Cryptocurrency Price Manipulation Courtesy Of Bots

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The manipulation of cryptocurrencies is getting attention from regulators who have been warning that these digital tokens, and the exchanges they are traded on, could be vulnerable to price manipulation. In the summer, The Wall Street Journal reported that pump and dump schemes — in which an asset is talked up to drive the price higher before traders dump it for a profit — are making their way to the cryptocurrency market, with coin traders gathering in digital chatrooms to plot scams.

Cryptocurrency Exchange Bakkt Raises $182.5 Million Ahead of Delayed Launch

Bank Innovation

Bakkt, a cryptocurrency startup led by Intercontinental Exchange, scored $182.5 million to build out its futures trading platform for cryptocurrencies ahead of an anticipated, albeit delayed, launch in 2019.

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.

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.

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.

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

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.,

Uphold Powers Cryptocurrency Payroll

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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.

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.

TransferGo Rolls Out Cryptocurrency Support

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We’ve launched this cryptocurrency trading facility in response to demand from our user base,” said TransferGo Founder and CEO Daumantas Dvilinskas. The idea behind the service is to provide customers with a familiar environment to invest in cryptocurrencies. Cryptocurrency bitcoin Crypto Exchange cryptocurrency money transfers News real time payments trading TransferGo What's Hot

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

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.

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?

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

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

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

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

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

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.

Cryptocurrency Market Slumps As Ether Declines

PYMNTS

The cryptocurrency market is continuing its descent with the market hitting a new ten-month low after the price of Ether declined and regulators in the U.S. halted trading in two securities that are tied to cryptocurrency. According to a report in Bloomberg Ether, which is the second biggest cryptocurrency behind Bitcoin, fell 8.9 Cryptocurrency bitcoin cryptocurrencies ether News SEC Securities and Exchange Commission What's Hot

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.

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

Bitcoin Daily: Bank Of America Mulls Blockchain ATMs; India Eyes Cryptocurrency Legalization

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According to reports, an unnamed senior official, who was reportedly present for the meetings of an interdisciplinary committee, said, “There is a general consensus that cryptocurrency cannot be dismissed as completely illegal.

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

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.

Institutions Haven’t Given Up on Cryptocurrency

Bank Innovation

Trading volume is down and cryptocurrency miners -- the outfits that solve complex equations to generate new digital coins -- aren’t mining with the same enthusiasm. Cryptocurrency Daily Post 1 Exclusive Innovations Premium Bakkt Bitcoin Blockchain Coindesk cryptocurrency ICE NYSEThe price of bitcoin took a plunge last week and over the weekend, and took other digital currencies down with it.

China Goes After Alternative Cryptocurrency Trading Platforms

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China steps up its regulation of cryptocurrency trading by going after online platforms and mobile apps. Last year, Chinese authorities banned trading in cryptocurrencies, but recently the country has been seeking out alternative cryptocurrency trading venues. Chinese regulators want to block people in the country from accessing offshore and homegrown platforms that enable cryptocurrency trading. According to Bloomberg, the cryptocurrency was recently down 1.2

Japanese Cryptocurrency Exchange BitFlyer Launches in the U.S.

Bank Innovation

Japanese cryptocurrency exchange bitFlyer is coming to the U.S. To put that into context, only three other cryptocurrency […]. Cryptocurrency Exclusive Bitcoin bitFlyer cryptocurrencies cryptocurrency Japan

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

Russian Cryptocurrency Designed to Evade Western Sanctions

Bank Innovation

Russia’s president Vladimir Putin has commissioned work on a state-run cryptocurrency that can circumvent other cryptocurrency sanctions around the world. The cryptocurrency is being called Cryptorouble. Cryptocurrency Exclusive BlockChain cryptocurrency Putin Russia

Estonia Shelves Plans For National Cryptocurrency

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Estonia has shelved plans to develop its own national cryptocurrency after the idea prompted criticism by banking authorities and Mario Draghi, the Italian economist and president of the European Central Bank. Estonia , which is among the most tech-friendly countries in eastern Europe, had been a leader in potentially issuing a national cryptocurrency, but the plan was criticized by Draghi earlier in the year when he said the euro can be the only currency in the country. “No

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.