Bank Innovation

SEPTEMBER 25, 2017

Even after shutting down dozens of bitcoin exchanges and banning bitcoin executives from leaving its borders, the“mouthpiece” for the People’s Bank of China, Financial News, published an article declaring that Beijing should “accelerate the process of launching a digital currency after it curbed the risks of [en]cryptocurrencies.”

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PYMNTS

NOVEMBER 10, 2020

PayPal is opening its network to allow consumers to shop using cryptocurrency. In the meantime, as central banks look toward a rough timeframe of 2025 to get up and running with digital fiat, McCarthy said that over the short term we’ll see more practical use cases leveraging cryptocurrencies — especially in the business-to-business space.

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Bank Innovation

JUNE 27, 2018

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.

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PYMNTS

AUGUST 5, 2020

5) was its prowess in cryptocurrency. Cash App users can purchase and sell bitcoin; they can also make cryptocurrency transfers to other wallets. Square has been a supporter of cryptocurrency, which generated $65.5 The revenue and profit from cryptocurrency did not count toward the company’s earnings, which showed $1.92

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Bank Innovation

DECEMBER 14, 2017

The central banks of the United Arab Emirates and Saudi Arabia are launching a pilot to use cryptocurrency to facilitate cross-border payments between the two countries. While the two governments have not issued an official statement unveiling the pilot, there has been plenty of coverage on the matter by local news organizations.

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PYMNTS

JANUARY 26, 2021

But step beyond bitcoin and enter the world of cryptocurrencies approaching mainstream acceptance. They may have their own cryptocurrency, they may have their own solution, be it healthcare, rewards or rebates, or other opportunities. Bitcoin gets all the headlines. They have some ideas of what they want to do,” Johnson said.

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PYMNTS

SEPTEMBER 11, 2020

The United States may have some of the world's best cryptographers working for the National Security Agency and other spy shops, but the Internal Revenue Service (IRS) is crowdsourcing at least part of its effort to beat the algorithms that cloak information about certain cryptocurrencies. Even the U.S.

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PYMNTS

DECEMBER 11, 2020

London challenger bank Revolut has rolled out four new cryptocurrencies — EOS, OMG Network, Tezos and 0x — for users in the Europe Economic Area (EEA), the company said in a blog post on Thursday (Dec. Revolut added these new tokens in response to high demand from its customers, according to a report in Finance Magnates.

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PYMNTS

OCTOBER 26, 2018

Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest on how Visa views cryptocurrencies, and Expedia’s fresh plan to take on Airbnb. Moody’s has news about the charge-off climate, chocolate is getting more expensive and the OCC’s bank charter plan faces more trouble.

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PYMNTS

JUNE 25, 2020

It will be easier for New York cryptocurrency businesses to launch in New York, thanks to a plan by regulators that would ease licensing rules. The existing licensee would provide the startup with the operational, staffing, and other support until it can obtain a full DFS virtual currency license.

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PYMNTS

JANUARY 18, 2022

18) that it plans to regulate cryptocurrency advertising like other financial products and ensure that promotions are “fair, clear and not misleading,” according to a Bloomberg report. The ban applies to exchanges, banks and financial institutions licensed to provide cryptocurrency services. Treasury said Tuesday (Jan. On Monday (Jan.

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PYMNTS

JUNE 25, 2020

In today’s top news, Wirecard files for insolvency, and New York proposes easing regulations for cryptocurrency licenses. New York To Ease Cryptocurrency Regulations. Plus, California seeks a court order to make Uber and Lyft classify drivers as employees. Wirecard Files For Insolvency, Seeks Court Protection.

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PYMNTS

OCTOBER 9, 2020

Bitcoin and other cryptocurrencies are continuing to attract attention from authorities for all the wrong reasons. For instance, a new U.S. That includes direct engagement with banks, financial institutions (FIs) and the community of actual cryptocurrency users. “To In unveiling the report , U.S.

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PYMNTS

APRIL 6, 2018

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.

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BankInovation

FEBRUARY 10, 2022

Peer-to-peer online marketplace Tred is accepting cryptocurrency as payment for vehicles to combat fraudulent transactions and penetrate the younger consumer market. Accepting cryptocurrency […].

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Bank Innovation

MARCH 14, 2018

Alphabet, the parent company to Google, announced today it would ban advertising for cryptocurrency and ICOs beginning in June. As these two companies effectively constitute a duopoly in online advertising, this news casts a shadow over the future of cryptocurrency and ICOs,Read More.

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PYMNTS

SEPTEMBER 4, 2019

Saying it can’t provide users of cryptocurrencies protection in case of trouble, Burundi banned the trading of digital currencies in the country, Bloomberg reported. And Bank of England Governor Mark Carney proposed in August placing a cryptocurrency at the center of a global monetary system that public authorities would oversee.

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PYMNTS

APRIL 26, 2019

The Indian government has drafted a bill that would ban cryptocurrencies and attempt to regulate any official digital money, according to reports. . The idea is to ban the “sale, purchase and issuance of all types of cryptocurrency,” according to an unnamed government source cited by The Economic Times. .

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PYMNTS

JANUARY 9, 2018

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. . 8) as investors bet its stock surge was a bubble. . percent, however.

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PYMNTS

MAY 20, 2019

Crypto hubs are creating digital currencies to bolster local commerce within cities: Tel Aviv, for instance, is distributing cryptocurrency in an experimental rewards program. As for the cryptocurrency effort in Tel Aviv, the city started to use the reward program during the Eurovision song contest that happened in the city in May.

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PYMNTS

APRIL 5, 2019

That could be the emerging story when it comes to smartphones and cryptocurrencies, given Samsung’s recent entry in this area of digital payments. But it is perhaps the presence of an in-built cryptocurrency wallet that represents the most significant departure from past devices” when it comes to the Galaxy S10. Better late than never?

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PYMNTS

JANUARY 4, 2019

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.

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PYMNTS

JANUARY 22, 2018

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. 22), according to news from Reuters. The news stoked fear of a wider regulatory crackdown.

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PYMNTS

SEPTEMBER 11, 2017

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. The industry itself, said CNBC, is worth hundreds of millions of dollars.

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PYMNTS

MARCH 18, 2019

JPMorgan Chase isn’t the only bank that has been working on a cryptocurrency. When Citi kicked off the development in 2015, it code-named the cryptocurrency Citicoin, but never formally announced the project. That’s not to say Citi is abandoning blockchain, the technology that underpins cryptocurrency.

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PYMNTS

SEPTEMBER 22, 2020

In today’s top payments news around the world, JD.com is working with China’s central bank to advance cryptocurrency, while U.S. JD won’t be the only online shopping company to work with the PBoC to bring cryptocurrency to the country. New Lockdown Fears Prompt Global Financial Shifts.

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PYMNTS

JANUARY 9, 2018

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.”. 9) — up $1.39 as of 12:56 P.M.

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PYMNTS

JANUARY 15, 2018

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. According to Bloomberg, the cryptocurrency was recently down 1.2

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TheGuardian

MAY 18, 2022

Bank says it will pause rollout of app-based trading of assets like bitcoin and Ethereum pending further regulation Get our free news app ; get our morning email briefing Australia’s largest bank has paused the launch of cryptocurrency trading through its app amid turmoil and uncertainty in the market.

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PYMNTS

AUGUST 28, 2019

While Facebook’s proposed cryptocurrency Libra hangs in regulatory limbo over concerns of money laundering and a threat to financial stability, popular social network Telegram has plans to release its own cryptocurrency by October, according to a report by The New York Times. “A

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PYMNTS

JUNE 19, 2019

The announcement of Facebook’s Libra has buoyed other cryptocurrencies, especially Bitcoin, which gained in the neighborhood of 12 percent this week, to $9,477. Ether is almost 4 percent and Litecoin has jumped about 6 percent as well, on the Libra news.

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PYMNTS

JULY 15, 2019

India is reportedly considering a ban on cryptocurrencies. According to Cointelegraph , an unverified document published by tech lawyer Varun Sethi has been making the rounds on social media, showcasing a draft bill entitled “Banning of Cryptocurrency & Regulation of Official Digital Currencies.”.

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PYMNTS

NOVEMBER 9, 2020

As other stocks rebounded at the news of a breakthrough in Pfizer and BioNTech’s joint COVID-19 vaccine, bitcoin fell sharply to nearly $14,815, according to CoinDesk. Meanwhile, New Jersey Sen. Nellie Pou introduced new cryptocurrency regulations in a bill titled “Digital Asset and Blockchain Technology act,” on Thursday, Nov.

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PYMNTS

OCTOBER 26, 2018

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. But right now, it’s more of a commodity than a payment vehicle.”. You know, guys like the limo driver to the airport.

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PYMNTS

JULY 29, 2020

He added that while cryptocurrency is important, the blockchain technology behind it is equally so. “Cryptocurrency for us has always been beyond the asset itself but more on the blockchain technology that underpins it,” he said, according to Bloomberg. . Several other countries are considering CDBCs, including the U.K.

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PYMNTS

JULY 5, 2017

The Hive Project, a company that uses cryptocurrency and Ethereum blockchain for trade financing , has launched its platform. The company announced Friday (June 30) that its portal is up and running to link SMEs to trade financing by turning unpaid invoices into tradable assets.

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PYMNTS

AUGUST 10, 2017

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.

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