PYMNTS

AUGUST 27, 2019

Facebook’s Libra cryptocurrency project is working with HackerOne on a bug bounty for applications built on its blockchain, TechCrunch reported on Tuesday (Aug. Although there is no guarantee Libra will get the green light to launch, the bug bounty is intended as a gesture that security is important. “As

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PYMNTS

DECEMBER 12, 2019

The China Securities Regulatory Commission , China’s security watchdog, is setting up a technology regulation bureau and will announce Yao Qian as its new department chief, the Chinese business publication Caijing said on Wednesday (Dec. 11), as reported by Coindesk.

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PYMNTS

OCTOBER 13, 2020

Across the globe, terrorists and criminals are leveraging cryptos in what is gearing up to be a significant national security threat to the United States. billion of cryptocurrency reportedly was lost to theft or fraud – double that of the previous year. That’s according to the U.S. In the report from the U.S.

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PYMNTS

JUNE 27, 2019

The head of Germany’s Federal Cartel Office said on Thursday (June 27) that cryptocurrency backed by large tech companies could be put under a microscope by antitrust regulators, according to a report by Reuters. Many bankers and financial analysts voiced concern that the new currency could alter the global financial framework. “If

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PYMNTS

JUNE 20, 2019

Bank of England (BOE) Governor Mark Carney said Facebook’s newly-announced cryptocurrency, Libra, can’t be the same unregulated type of service that Facebook is, according to a report by Reuters. Unlike social media … the terms of engagement for innovations such as Libra must be adopted in advance of any launch.”.

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Abrigo

MARCH 8, 2024

They employ technology and social engineering tactics, reaching victims through email, social media, and text messages. Funds are then funneled abroad through wire transfers and cryptocurrency transactions, financing transnational criminal networks. The best defense is a good offense.

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PYMNTS

JUNE 25, 2019

The House Financial Services Committee has scheduled hearings about the proposed merger between BB&T and SunTrust Banks, as well as the Facebook-planned cryptocurrency Libra. According to American Banker , the committee will meet July 17 to examine Facebook’s proposed cryptocurrency and its impact on consumers, investors, and the U.S.

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PYMNTS

JANUARY 29, 2020

Facebook reported a 51 percent spike in its costs and expenses for the full year 2019 — that increase coming as the social media platform faces more questions from regulators and policymakers about its present and planned endeavors. 29), and reported that total costs and expenses hit some $46.71 Challenges to Come.

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PYMNTS

DECEMBER 24, 2020

If 2020 taught us anything about cryptocurrencies, it’s that they’ve reached a tipping point. Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies.

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PYMNTS

JUNE 2, 2019

North Korean hackers have targeted South Korean cryptocurrency exchange UpBit. According to Hard Fork , security firm East Security discovered that the hackers sent a phishing email to UpBit users asking for more information from customers regarding a fake sweepstakes payout.

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PYMNTS

SEPTEMBER 11, 2019

The Libra Association is petitioning the Swiss Financial Market Supervisory Authority ( FINMA ) for a Swiss payment system license for its planned Libra cryptocurrency, Reuters reported on Wednesday (Sept. The social media giant wants to move forward and launch Libra in June despite global questioning and hesitation.

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PYMNTS

SEPTEMBER 5, 2019

Facebook has added two new lobbyists in its bid to make its proposed cryptocurrency Libra a reality, according to a report by Bloomberg. The social media giant has been facing a lot of scrutiny over Libra, from lawmakers and regulators all around the globe. We can even look at new services even before they’re introduced.

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PYMNTS

OCTOBER 8, 2018

The impact of Europe’s General Data Protection Regulation ( GDPR ) continues to take shape roughly five months after taking effect, and Facebook could be on the hook for billions of dollars in fines tied to a data breach of about 50 million user accounts. Crypto Regulations.

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PYMNTS

MARCH 1, 2019

Facebook , Telegram and Signal are looking to launch their own cryptocurrencies that will allow users to send money internationally on their messaging systems. The social media giant has even spoken with crypto exchanges about selling the coin to consumers, telling them that it hopes to have a product out in the first half of the year.

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PYMNTS

AUGUST 18, 2019

During an upcoming visit to Switzerland , American lawmakers plan to discuss Facebook’s proposed cryptocurrency, Libra. Waters has been a vocal critic of the social media giant’s plans for its own digital currency. Waters has been a vocal critic of the social media giant’s plans for its own digital currency.

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PYMNTS

OCTOBER 1, 2019

Cryptocurrency pursuits conducted without supervision are more concerning to Switzerland than Facebook’s Libra coin, Reuters reported on Tuesday (Oct. Here is something which is being done transparently,” he said, referring to Facebook’s Libra , which will be closely regulated and subjected to anti-money laundering laws. “We

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PYMNTS

JUNE 20, 2019

Federal Reserve Chairman Jerome Powell revealed that Facebook has spoken to the central bank about its upcoming cryptocurrency, called Libra. With the announcement that it plans to create a cryptocurrency, Facebook is continuing its unchecked expansion and extending its reach into the lives of its users,” she said.

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PYMNTS

JANUARY 30, 2018

In an effort to stop an “illegal offering of securities,” the U.S. Securities and Exchange Commission (SEC) has filed a complaint against a Dallas-based financial firm seeking to launch what might be the largest initial coin offering (ICO) in history. must comply with federal securities laws.

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PYMNTS

JULY 23, 2019

The social media giant is now compelled to address a growing number of fabricated exchanges associated with its digital asset, The Washington Post reported on Tuesday (July 23). It also introduces a new programming language, Move, designed to make it more efficient and secure.

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PYMNTS

NOVEMBER 12, 2018

According to The Next Web , hours after moving all raised funds out of its wallet, the company shut down its website, deleted its social media accounts and kicked all users off its chat group. Over the past two years, exit scammers have stolen more than $100 million worth of cryptocurrency.

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PYMNTS

JULY 1, 2019

Facebook’s announcement of Libra late last month has spurred greater regulatory oversight of cryptocurrencies, with a particular eye on who may be bringing those cryptos into the larger payments ecosystem. In Italy, the country’s data protection regulator fined Facebook the equivalent of $1.1 FDIC’s New Division.

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PYMNTS

MARCH 19, 2018

Twitter looks to be following in Facebook and Google’s footsteps as it prepares to prohibit cryptocurrency ads on its site. According to Sky News , the policy, which will be implemented in two weeks, will prohibit advertisements for initial coin offerings (ICOs), token sales and cryptocurrency wallets globally.

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PYMNTS

MARCH 12, 2018

As cryptocurrencies fuel discussions on forums and news websites, a new version of a Thomson Reuters Corp tool will capture online chatter around bitcoin. According to Google’s data, searches for the term have plummeted by 80 percent since the cryptocurrency’s high in Dec. The recent declines also came as the U.S.

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PYMNTS

MARCH 8, 2018

The price of the marquee name in cryptocurrencies dipped as low as $9,450 in intraday trading when the Securities and Exchange Commission (SEC) announced there were “potentially unlawful” systems operating that allow the trading of cryptocurrencies. The cryptocurrency dropped to $189, which is the lowest it has been since Feb.

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PYMNTS

JUNE 23, 2019

Overstock CEO Patrick Byrne said that he welcomes Facebook ’s entry into the cryptocurrency market. Byrne told CNN Business that the social media giant’s launch of its own digital currency validates the space — and Overstock would be open to partnering with Facebook on the project. I perpetrated a fraud.

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PYMNTS

APRIL 2, 2018

Cryptocurrencies continued to dip on the heels of various regulatory actions focused on trading activities and exchanges. The specific directive from William Galvin, the state’s head securities regulator, commands that those firms abandon the sale of what have been termed “unregistered securities.”

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PYMNTS

JULY 27, 2018

Securities and Exchange Commission earlier this week stood by its move to stop a bitcoin exchange-traded fund, citing “unpersuasive” arguments as to how the ETF would be protected from any market manipulation. Nor was the SEC convinced investors would be protected from manipulation in the underlying asset class.

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PYMNTS

MARCH 23, 2020

Both Kik and the Securities and Exchange Commission (SEC) are seeking a quick end to their legal dispute, CoinDesk reported. It contended that it had not had an unregistered securities sale as of the beginning of 2018 when the SEC first acted. securities rules. Kik contended in its summary judgment motion that it followed U.S.

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PYMNTS

NOVEMBER 21, 2017

What’s more, it removed its social media footprint from the internet, which included shuttering its Twitter, Facebook, Reddit and Medium accounts. This isn’t the first cryptocurrency company to go under during the course of the last several weeks.

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PYMNTS

JUNE 27, 2019

“If we are successful at providing a wallet that allows people to store money securely, and send to anyone anywhere in the world, then, over time, we think there will be an opportunity to provide more financial services for people. You can imagine things like credit,” said Kevin Weil, vice president of product at Calibra, according to CNBC.

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PYMNTS

JULY 27, 2018

Twitter executives warned that monthly active users have been cut by about three million as the social media platform moved to purge spam and dormant accounts, curb abuse on the system and comply with new privacy regulations. Security Officials Warn of Potential Supply Chain Hack. The report by the U.S.

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PYMNTS

NOVEMBER 15, 2019

German cryptocurrency company Karatbars has been ordered to stop doing business after being accused of running a pyramid scheme. But in May, authorities in Namibia called Karatbar a pyramid scheme, while last month, Florida’s financial regulator denied that the company had been issued a banking license. And the U.S.

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PYMNTS

AUGUST 6, 2018

The social media company has been exploring ways to incorporate that type of data onto its site by potentially allowing members to check their balances or get fraud alerts. Starbucks said it will not begin accepting cryptocurrencies as a payment method for its products, despite reports that led to speculation about its policies.

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Bank Innovation

SEPTEMBER 27, 2017

fintech firm, Bittrex, and South Korean app developer, Dunamu, an affiliate of the country’s largest messaging platform, Kakao, have teamed up to launch a new, massive cryptocurrency exchange platform in South Korea.

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PYMNTS

MARCH 22, 2019

Much hype and hope surrounds the adoption of cryptocurrencies — bitcoin among them as the marquee name in the space, of course — beyond the Wild West of speculative trading that exists now. Regulators are investigating whether the company overstated its investment in small business lending firm QuarterSpot.

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PYMNTS

JANUARY 31, 2018

For years, throughout the volatility of cryptocurrency values, some industry experts have assured investors and innovators that blockchain is the disruptor in which the market should place its faith. Blockchain isn’t un-hackable, and regulators have recently warned about the potential of fraudulent initial coin offerings (ICOs).

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PYMNTS

AUGUST 27, 2018

The initial verdicts of General Data Protection Regulation (GDPR) are in, at least in terms of compliance – or lack thereof. Now comes a crackdown on the mere mention of cryptos, in a way, as media reports spread that WeChat accounts have been frozen for spreading news and other content about cryptos.

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