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SEPTEMBER 12, 2019

Facebook’s Libra project has renewed focus on how cryptocurrencies are regulated, with current rules on the sector patchy and varying from country to country. Cryptocurrency and Blockchain. Facebook’s Libra project is bringing cryptocurrency into the spotlight, and others are reexamining their onboarding procedures.

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MAY 20, 2020

Blockchain-based lodging reservation platform Travala.com has unveiled a merger with TravelbyBit, a Binance-backed “cryptocurrency-friendly” flight reservation site, according to an announcement on Wednesday (May 20). ” The firms will cross-market each of their travel services as the initial step of the merger.

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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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PYMNTS

DECEMBER 19, 2017

Cryptocurrency holding company Integrated Ventures wants to disrupt the lending industry with blockchain. 18) of the launch of CryptoFunder, a blockchain platform that provides lenders with a way to store and manage lending information. The company announced news on Monday (Dec.

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NOVEMBER 4, 2020

The seizure stemmed from a cryptocurrency fraud scheme being investigated by Brazilian federal police called Operation Egypto. Cryptocurrency has become something of a go-to method for scammers , according to DOJ, as exchanges are often lightly regulated and there are no easy ways to follow the money.

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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. The company operates in the Bahamas and the US. The post Cryptocurrency Exchange Platform FTX Raises $420.7M in an extended Series B.

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PYMNTS

JANUARY 26, 2021

Signal is exploring the idea of adding cryptocurrency payments into its messaging app by integrating MobileCoin , a cryptocurrency supported by the Stellar blockchain, Platformer reported. Signal CEO Moxie Marlinspike “played down,” the cryptocurrency developments, telling Platformer it was only some “design explorations.”.

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Perficient

DECEMBER 27, 2023

Navigating AML and OFAC Compliance Risks Regarding anti-money laundering (AML) and Office of Foreign Assets Control (OFAC) compliance risks, bank executives must navigate operational and compliance challenges tied to fintech relationships. Manage third-party risks, especially for relationships involving higher-risk or critical activities.

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JULY 21, 2020

Crypto boosters have spent the better part of the past decade promoting the idea that great fiat-currency disruptions are coming care of blockchain and literally hundreds of thousands of variations of cryptocurrency circulating in the world today. Or at least they didn’t until now. Crypto’s Path To Spendability.

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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. This in the wake of the OCC’s Sept. But this trend toward crypto doesn’t stop there.

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Bank Innovation

DECEMBER 18, 2017

Citi is now using distributed ledger technology to manage collateral and send cash and securities in a single click, Citi announced last week.

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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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OCTOBER 13, 2020

And, while terrorist use of cryptocurrency is still evolving, certain terrorist groups have solicited cryptocurrency donations running into the millions of dollars via online social media campaigns.”. billion of cryptocurrency reportedly was lost to theft or fraud – double that of the previous year.

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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. Grayscale will still operate its XRP Trust, but it has stopped accepting new subscriptions, reported CoinDesk.

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PYMNTS

APRIL 23, 2020

Business payment and accounting solutions provider Gilded said that digital currency data provider CoinMarketCap has implemented its cryptocurrency payment technology, according to an announcement. The technology from Gilded facilitates instant international payments with cryptocurrency and doesn’t charge transaction fees.

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Perficient

NOVEMBER 8, 2021

I spent a lot of time educating them on blockchain and cryptocurrency and helping them understand how it fits in their business models. What does the future hold for cryptocurrency? How do you think it will change the way financial services organizations operate? Cryptocurrencies will play a major role in this.

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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

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. But it may not be smooth sailing ahead.

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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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JULY 22, 2020

The Monetary Authority of Singapore (MAS) has proposed new regulations on cryptocurrency that will include those engaging in overseas activity, in an expansion on rules for the sector, according to a press release. The two organizations said an international consensus could help speed up transactions across borders.

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PYMNTS

JULY 9, 2019

India, Asia’s third-largest economy, remains skeptical about Facebook’s proposed cryptocurrency Libra and has said that it won’t just allow the coin into the country, according to a report by Bloomberg. But whatever it is, it would be a private cryptocurrency, and that’s not something we have been comfortable with.”. “But

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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

JULY 16, 2019

Treasury Secretary Steven Mnuchin believes that Facebook’s proposed cryptocurrency could pose as a national security threat. Mnuchin added that the Treasury has informed Facebook, as well as other cryptocurrency users, that they need to implement the same anti-money-laundering and counter-terrorism safeguards as other financial institutions.

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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

JULY 15, 2019

billion is estimated to have been lost to cryptocurrency scams, thefts and fraud in the first quarter of 2019, and cybercriminals and scammers are not the only ones putting digital asset users at risk. Tackling such fraud issues requires cryptocurrency trading platforms to take a variety of approaches. More than $1.2 Low-Friction KYC.

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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

DECEMBER 21, 2020

Italian police charged the former head of cryptocurrency exchange BitGrail, identified by the initials of “F.F.,” cryptocurrency exchange Exmo reported a “major” security breach on Mon. with money laundering, fraudulent banking and computer fraud, Reuters reported. “It They allege that F.F. Meanwhile, U.K.

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PYMNTS

DECEMBER 17, 2020

asset manager Ruffer told CNBC on Tuesday (Dec. By the end of November, the company managed $27.6 It's not a surprise to us that bitcoin has hit $20K, but it is a very symbolic threshold to reach at the end of what has been a historic year for bitcoin,” Michael Sonnenshein , managing director of Grayscale Investments, told CNN.

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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 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

MAY 18, 2020

JCB, one of the biggest credit card operator in Japan, has also worked with blockchain before, partnering with U.S.-based JPMorgan Chase recently announced a new product, “Coin and Cleaning Networks,” focusing on new age cash management and payments services. based Paystand for a B2B payments system.

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PYMNTS

SEPTEMBER 18, 2018

EOS refers to “a decentralized operating system [that] is developed to support decentralized applications in commercial scale by providing them [with] all the essential support and features,” as per one common definition. The EOS token is taken as a cryptocurrency in ICO.”. The company has since confirmed the hack.”.

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PYMNTS

AUGUST 28, 2019

Kadena’s existing blockchain clients include $3 billion asset manager USCF Investments, healthcare technology company Rymedi, and leading Latin American technology business Alteum, as well as one of the world’s top 100 largest banks, and Fortune 500 companies. “SEN SEN allows our institutional customers to deposit and withdraw U.S.

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PYMNTS

NOVEMBER 22, 2020

Malicious actors have now managed to momentarily take control over several cryptocurrency platforms by scamming employees at GoDaddy, the domain hosting service for these sites, in multiple attacks. But the hackers had tried to use their internal email access to change passwords for third-party services, such as Slack and Github.

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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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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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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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