PYMNTS

MARCH 6, 2019

Blockchain is increasingly garnering headlines and attention for its use cases beyond cryptocurrencies. For instance, the ability to transfer data and various assets can help firms keep track of, and improve, operations. Yet, corporate finance especially is “operating, more or less, the same [way] it has for 20 years prior.

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blockchain Management Data User Experience 189

PYMNTS

DECEMBER 14, 2018

Formosa Financial , a treasury management system for organizations to manage their crypto assets, is collaborating with CoolBitX , a blockchain security company, a press release said on Thursday (Dec. The companies have broader plans for their collaboration beyond the storage and management of crypto assets, however.

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CB Insights

OCTOBER 26, 2021

FTX , a cryptocurrency exchange platform, has raised $420.7M The round drew participation from Sea Capital, Tiger Global Management, Sequoia Capital, Temasek, and BlackRock, among others. Its global market share currently sits at around 10%. The company operates in the Bahamas and the US. in an extended Series B.

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PYMNTS

JANUARY 5, 2021

CoinDesk has acquired digital asset index TradeBlock , the cryptocurrency news platform announced in a press release Tuesday (Jan. TradeBlock provides price references, customizable algorithms and other cryptocurrency data. Coin market cap aggregators show a much larger BRG supply than there actually is. trillion market cap.

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PYMNTS

OCTOBER 14, 2020

The head of the country’s only licensed and publicly traded cryptocurrency broker says tighter regulation and exponentially higher yields are causing corporate treasury and cash management accounts to seriously consider this alternative asset class. With the treasury market for S&P 500 companies valued at $2.3

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PYMNTS

DECEMBER 30, 2020

Many enjoyed huge first-day price pops, heating up the IPO market even more — and 2021 seems poised to only continue the fireworks. Popular stock-trading app Robinhood Markets reportedly recently hired Goldman Sachs to lead a possible 2021 IPO that would value the company at more than $20 billion. Then shares soared 85.8

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PYMNTS

DECEMBER 17, 2020

17), citing crypto market data provider Coin Metrics. . Bitcoin could reach $318,000 by December 2021, according to Thomas Fitzpatrick, global head of CitiFXTechnicals, Citi’s market-insight product. He compared bitcoin fluctuations to the gold market, which was $20-$35 an ounce for 50 years before starting to surge in 1971.

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CB Insights

NOVEMBER 11, 2022

Turbulent market conditions have rattled capital markets tech funding, which fell 84% YoY in Q3’22. . These technologies enable capital markets firms not only to adapt to market volatility, but also to pursue new growth opportunities. EQUITY MANAGEMENT PRACTICES. Tech to watch: Equity management platforms.

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PYMNTS

JANUARY 28, 2021

With more emerging use cases and an increasingly accepting regulatory landscape, cryptocurrencies are gaining traction in new areas of the market, and corporate treasurers want in. Early adopters were placing bitcoin on their balance sheets, for example, or accepting payment in cryptocurrency. Embracing A New Paradigm.

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PYMNTS

DECEMBER 17, 2020

As of this writing, and as noted by CNBC , the marquee name of cryptocurrency stands out as it touches fresh new highs of about $23,000, eclipsing the highs seen as far back as three years ago, when bitcoin approached $20,000. But now, at least some asset managers have been embracing bitcoin as a hedge against currencies and gold.

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PYMNTS

JANUARY 27, 2019

Business for bitcoin ATM companies seems to be booming, with Coin ATM Radar estimating that there are now 4,213 cryptocurrency ATM machines around the globe, most only offering bitcoin. In other news, TurboTax has created a solution that allows users to import cryptocurrency transactions from Coinbase to TurboTax.

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PYMNTS

JANUARY 1, 2021

Indian FinTech Cashaa and the country's United Multistate Credit Cooperative Society teamed up to launch what they say is the world's first cryptocurrency bank branch through a joint-venture bank called Unicas, according to a release. The operation also will provide traditional banking services, according to the backers.

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Perficient

JANUARY 31, 2022

A couple of weeks ago, Crypto.com, one of the fastest-growing cryptocurrency platforms, was hacked on January 17, 2022. Firms that implement security solutions that customers understand and appreciate will improve the overall customer experience as well as reduce operational risk. We shouldn’t be that surprised.

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PYMNTS

JULY 16, 2019

France’s financial regulator is set to approve a wave of cryptocurrency-related firms in the country, subjecting them to new rules that include paying taxes and complying with capital requirements and consumer protections, according to a report by Reuters. France is a precursor.

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PYMNTS

MARCH 15, 2020

The New York Department of Financial Services ( NYDFS ) sent a letter to the approximate 18 cryptocurrency firms it regulates saying they have 30 days to submit a contingency plan in the face of the coronavirus epidemic. We have a standing Crisis Management Team continually reviewing new information as it comes in.

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cryptocurrency Bitcoin New York Regulation 150

PYMNTS

JUNE 8, 2020

The Securities & Exchange Commission ( SEC ) has moved to freeze the assets of a $12 million cryptocurrency mining and multi-level marketing (MLM) scheme, Coindesk reports. The group managed to get $12 million from 2,000 investors, Coindesk reports. The defendant in the case is Utah resident Daniel F.

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PYMNTS

OCTOBER 30, 2018

Coinbase, the cryptocurrency exchange operator, has raised a fresh round of funding that gives it a valuation of more than $8 billion. The latest round of funding implies investors are still interested in the cryptocurrency market despite the steep declines in the price of many of the digital tokens. ”

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cryptocurrency Regulation Management Innovation 181

PYMNTS

FEBRUARY 7, 2020

As noted in this space in 2019, Ripple Labs , which has been developing and deploying the XRP cryptocurrency, invested $50 million in MoneyGram, in an effort to develop cross-border payments functionality underpinned by blockchain. Developing this partnership is just one component of our near-term strategic 2.0

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PYMNTS

AUGUST 30, 2019

Elwood Asset Management — owned by British billionaire and Brevan Howard Founder Alan Howard — is planning a $1 billion venture into the crypto hedge fund space. The asset manager is developing a platform that would tailor portfolios of cryptocurrency funds for institutional investors, the Financial Times reported on Aug.

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PYMNTS

OCTOBER 8, 2018

Reports in The Edge Markets on Friday (Oct. 5) said MyEG is rolling out “PayMe” software, a tool allowing employers to manage payroll functions, like overtime, more accurately. PayMe will first be introduced in a pilot phase in select markets, reports said. Last year, GMO Internet, Inc. ,

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PYMNTS

JANUARY 13, 2021

Goldman Sachs Global Head of Commodities Research Jeff Currie told CNBC the bitcoin market is maturing. “I I think in any nascent market you get that volatility and those risks that are associated with it,” he said, according to CNBC, following a sharp tumble on Monday (Jan. In other news, about 20 percent of the 18.5

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Bitcoin New York cryptocurrency Report 202

PYMNTS

MAY 1, 2020

Any business that trades internationally or manages a global workforce will be familiar with the pain points of traditional cross-border wires and bank transfers. “They accept cryptocurrency, facilitate the exchange, charge a professing fee then transfer funds into a bank account in one or two days. The Benefits To AR.

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PYMNTS

OCTOBER 18, 2018

The global regulatory framework of cryptocurrencies and blockchain remains either fragmented, vague or simply nonexistent. Part of the initiative includes the SBA’s guidelines to the nation’s traditional financial services market on how to service these industry players while maintaining compliance.

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PYMNTS

JULY 29, 2020

The platform will help the market via enabling a new direct lending option for every major financial institution, acting as a one-stop market for any securities lending and allowing for access to more securities volumes in less time. That way, even those operating in shorter-term positions will have access, the release reads.

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PYMNTS

NOVEMBER 18, 2020

18), the first time the cryptocurrency has climbed above $18,000 since December 2017, CNBC reported. While the digital coin has been going through waves in its price point, some analysts and cryptocurrency fans said they think the trajectory is uphill. Bitcoin has continued to rise, hitting $18,172 Wednesday morning (Nov. Eastern Time.

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PYMNTS

DECEMBER 9, 2020

Gangs in Latin America are increasingly turning to cryptocurrency to operate illegal trades of drugs, guns, sex and people, Reuters reported. Additionally, institutional customers of crypto lending platform BlockFi can now use bitcoin as collateral in risk-managed loan agreements executed on Fidelity Digital Assets, the release stated.

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PYMNTS

AUGUST 28, 2019

The Blockchain-as-a-Service (BaaS) model enables organizations to start using Kadena’s blockchain by quickly provisioning it online, significantly reducing the cost and time-to-market associated with the on-premise installation of other blockchain solutions. SEN allows our institutional customers to deposit and withdraw U.S.

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PYMNTS

MAY 10, 2019

Generally, the wealth effect works this way: When people see their stock portfolios going up, as markets go up, of course, they feel more confident about their financial security. Right now, the markets are in a swoon. Management sees leverage in the existing model, but the road to black ink might be long. The company saw $1.1

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PYMNTS

APRIL 6, 2018

The head of two cryptocurrency exchanges in South Korea were detained by law enforcement for allegations they embezzled the assets of customers. Coinnest apologized on its website for “causing grave concern” and saying it has removed the managers from overseeing company business. “We

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Bitcoin cryptocurrency blockchain Management 108

PYMNTS

MARCH 22, 2019

Agustin Carstens, the general manager at the Bank for International Settlements , said that banks shouldn’t issue their own bitcoin-like tokens because it could undermine global financial stability, as well as monetary policy, according to a report by Bloomberg. Central banks do not put a brake on innovations just for the sake of it.

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Bitcoin cryptocurrency United States Policies 172

PYMNTS

FEBRUARY 20, 2020

As part of his plea agreement, Chen admitted to operating the U.S. The scheme was a multilevel marketing (MLM) operation that went on for two years, and managed to scam 70,000 victims for a total of $147 million. Fine Investment Arts (USFIA), and promoting his gemcoin currency, which was based on nonexistent gemstones.

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CFPB Monitor

JULY 27, 2020

cryptocurrency custody services on behalf of customers, including by holding the unique cryptographic keys associated with cryptocurrency.” Through intermediated exchanges of payments, banks facilitate the flow of funds within our economy and serve important financial risk management and other financial needs of bank customers.

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National cryptocurrency Risk Management Regulation 113

PYMNTS

JANUARY 27, 2020

Australia is pushing ahead with a cryptocurrency exchange in Singapore, according to the Independent Reserve on Friday (Jan. Established in 2013, the Independent Reserve claims it has more than 120,000 customers and 8,000 self-managed super funds (SMSFs), a private superannuation fund operated by its members and regulated by Australian law.

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PYMNTS

JANUARY 7, 2020

In other crypto news , cryptocurrency tax automation software TaxBit has raised $5 million in funding. Investors in the venture include TTV Capital, Dragonfly Capital Partners, Collaborative Fund, Winklevoss Capital, Valar Ventures, Global Founders Capital, Table Management, Album VC and more. . ”

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PYMNTS

AUGUST 3, 2020

It’s one factor in why so few challenger banks have launched in the country compared to markets like the U.K., However, there are efforts to lower the barriers to entry for market newcomers. Morgan’s initiatives in cryptocurrency and stablecoin technology have ramped up in recent months, for instance. “The U.S.

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PYMNTS

APRIL 19, 2019

The big news in B2B FinTech investment this week came from Airbnb , which is bolstering its presence in the business travel market with new funding, while corporate card startup Brex also secured a prominent debt capital investment. Lyric plans to use the investment to expand its operations as it continues to focus on regulatory compliance.

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Abrigo

AUGUST 19, 2022

In other words, the statement asks financial institutions not to profile or stereotype certain types of customers into groups of high or low risk without multi-factor consideration. Regulators' most recent statement is reminiscent of FinCEN's June 2022 statement on BSA due diligence for independent ATM owners or operators. Record-keeping.

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