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Report: PayPal, Crypto Firm BitGo Acquisition Talks Fall Through

PYMNTS

PayPal has dropped its bid to acquire bitcoin wallet purveyor BitGo but remains interested in investing in the cryptocurrency space, Fortune reported. PayPal had just announced that beginning in 2021 it would let customers transact in a number of cryptocurrencies, among them bitcoin, Ether, Bitcoin Cash and Litecoin.

Report 245
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Today In Payments: $50B In Crypto Moved Out Of China; Uber Health To Deliver Meds

PYMNTS

In today’s top news, $50 billion worth of cryptocurrency was transferred out of China, and Uber Health and NimbleRx have teamed on prescription delivery. Plus, Amazon has put some hiring on hold for its Alexa operation. Report: $50B in Cryptocurrency Moved Out of China. Report: Amazon Slows Alexa Staff Hiring to Improve Margin.

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Top 5 Trends to Watch in 2018

Bank Innovation

The cryptocurrency bitcoin, which shocked everyone by surpassing $17K, further shocked everyone by dropping below $10K. Then of course there are various other events sweeping the financial services space, from new tax laws in the U.S., EXCLUSIVE — It’s not even a month into 2018 and already so much has changed.

Trends 299
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Avanti Plans Real-Time Settlement Solution For Corporate Treasurers

PYMNTS

Avanti Financial Group said in a press release that it has received permission from the Wyoming Division of Banking to begin operating in the state as a bank as early as October and plans to offer a real-time settlement solution for corporate treasurers. The new banking options are largely built around blockchain technologies.

Wyoming 153
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2023 Fraud trends: What banks and credit unions can expect

Abrigo

And while final numbers are still being calculated for 2022, bankers saw typologies exacerbated by the pandemic provide criminals with avenues for fraud while cryptocurrency scams surfaced more frequently. The advance payment may be described as a fee, tax, commission, or incidental expense that will be repaid later. Fraud Prevention.

Fraud 195
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Bitcoin Daily: Bitcoin Rises After Recent Crash; IRS Delivers New Rules For Crypto Investors

PYMNTS

Because threat actors often get recipients’ emails from password breach lists, they sometimes include passwords to lend authenticity,” Hunter Johnson, Cofense Professional Services at Cofense, wrote in a blog post. Ransom is demanded in bitcoin, upon threat of releasing damaging information to family, friends, and co-workers. percent rate.

Bitcoin 116
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Retail Crisis In U.S., U.K. A Fizzle For 2020?

PYMNTS

More than 9,300 stores went dark, and among them were locations operated by marquee names, such as Sears , Party City and Payless. But online lending companies are seeing a surge in digital loans — up 19 percent year over year in 2019. A bit closer to home, 2019 marked a record year in the U.S. — consumers spent $462 billion.

Retail 131