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. Building The (Retail) Use Cases.

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Bussman Advisory

SEPTEMBER 24, 2021

The latest edition of the FinTech Ecosystem Newsletter is here : The post JPMorgan to replace US core banking system with Thought Machine | China bans all cryptocurrencies | Fantasy soccer NFT platform Sorare scores $680m appeared first on Bussmann Advisory AG.

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PYMNTS

OCTOBER 14, 2019

It is looking unlikely that Facebook will get the regulatory approval needed to launch its controversial cryptocurrency, Libra, next year. Even though we may be ready with the technology, the regulatory piece is the bit that carries the most uncertainty.

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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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Bussman Advisory

DECEMBER 4, 2021

The post Dorsey resigns from Twitter | Facebook’s executive in charge of cryptocurrency is leaving the company | Investors see looming NFT bubble appeared first on Bussmann Advisory AG. We offer advisory services for the executive team and in-person or virtual courses with tailored topics.

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PYMNTS

APRIL 14, 2019

The National Assembly of France has voted to allow local insurance companies to include cryptocurrencies in life insurance contracts. With these two provisions, it is written in black and white that SPFs can invest in cryptocurrencies like bitcoin,” said Simmons & Simmons attorney Emilien Bernard-Alzias, according to CCN.

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PYMNTS

JULY 6, 2018

After setting up a group within Facebook to look into blockchain technology, Facebook may be bolstering its efforts in the field: Evan Cheng has taken on the position of director of engineering, blockchain, at the company, according to reports and his LinkedIn profile. Marcus also sits on the board of Coinbase , the cryptocurrency exchange.

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PYMNTS

JUNE 13, 2019

Technologies such as artificial intelligence (AI) and biometrics are changing the digital security landscape, and a recent study found that social media networks have become a more popular way for hackers to target new victims. 22 billion: Projected over-the-top (OTT) media revenue for 2019.

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PYMNTS

JUNE 27, 2018

Facebook moved Tuesday (June 26) to let some advertisements for cryptocurrency run on its platform. The result: Cryptocurrency ads can run on the platform, but Facebook is banning ads that promote binary options and ICOs. “Given these restrictions, not everyone who wants to advertise will be able to do so. .

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Bussman Advisory

FEBRUARY 2, 2022

The post Facebook’s cryptocurrency venture to wind down after asset sale to Silvergate | Zuckerberg’s ‘metaverse’ business lost more than $10 billion | IOC launches Beijing Olympics-themed mobile game with NFTs appeared first on Bussmann Advisory AG. Contact us at info@bussmannadvisory.com for more details.

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PYMNTS

DECEMBER 21, 2018

Unnamed sources told Bloomberg that the company is at work on a stablecoin, which is a cryptocurrency tied to the value of the U.S. Like many other companies, Facebook is exploring ways to leverage the power of blockchain technology,” said a spokesperson for Facebook. dollar, and is reportedly eyeing India’s remittance market.

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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

JULY 15, 2020

In other news, cryptocurrencies have no way to abide by proposed new rules in numerous U.S. And the EARN IT Act would try to fight child exploitation online by cutting back on privacy for social media or tech companies, although the exact ways this would happen have changed numerous times.

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PYMNTS

JUNE 24, 2019

The think pieces have come in waves, as have the reactions from analysts, cryptocurrency enthusiasts and regulators — and the world waits to see exactly what Facebook and its cadre of payments and commerce players design. The news about Libra has been out for about a week. There will be perceptual hurdles to clear, and regulators to convince.

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PYMNTS

DECEMBER 10, 2018

Social media giant Facebook is looking to grow its blockchain team, according to a report. The blockchain team is a startup within Facebook, with a vision to make blockchain technology work at Facebook scale,” the ad said. “We’re We’re exploring lots of areas of interest across all facets of blockchain technology.”.

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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

SEPTEMBER 26, 2019

With questions surrounding Facebook ’s market power and its plans for the Libra digital currency, the social media company is reportedly negotiating with an important congressional committee for COO Sheryl Sandberg to testify as early as October.

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PYMNTS

JUNE 2, 2019

North Korean hackers have targeted South Korean cryptocurrency exchange UpBit. There are also reports that Tina Bhatnagar, Coinbase’s current vice president of operations and technology, is leaving. The Financial Stability Board ( FSB ) has warned that regulators need to increase their risk assessments of the cryptocurrency sector.

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PYMNTS

JULY 27, 2018

FitPay , the startup technology platform that adds contactless payment capabilities to wearable and Internet of Things (IoT) devices, is looking to serve consumers who own bitcoin with a new payment device. dollars that are exchanged from the user’s existing cryptocurrency account. Orlando said.

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PYMNTS

DECEMBER 18, 2019

18) outlined key risks associated with cryptocurrency in general and Facebook’s Libra in particular. At the start of Benoît’s ECB term, bitcoin’s market capitalization was small, and only a handful of cryptocurrencies existed. Federal Reserve Gov. Lael Brainard on Wednesday (Dec. Mobile payments reached $8.2 trillion.

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PYMNTS

JUNE 1, 2020

Known for its financial backing of social media companies like Facebook and Twitter, Andreessen was one of the first venture firms with a large fund dedicated to cryptocurrencies, the Financial Times reported. The company raised $350 million in 2018 for startups working on the blockchain technology underpinning digital coins.

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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. They’re offering up to $10,000 to anyone who can find code flaws in projects developed on the foundation’s testnet.

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PYMNTS

FEBRUARY 18, 2019

Although it was originally developed for bitcoin, the network can also be developed for use with other cryptocurrencies. Abril said he wants to eventually add support on other social media platforms. The Lightning Network is a way to make bitcoin transfers and transactions easy and manageable at a large scale.

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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. It reportedly has already found backing from over a dozen companies, including Visa, Mastercard, PayPal Holdings and Uber Technologies on it.

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Bobsguide

AUGUST 25, 2022

Australian creative technologies business Two Bulls and Thailand’s Translucia Global Innovation are developing a Metaverse R&D Center in Australia. It is a social platform that combines aspects from online gaming, virtual reality, augmented reality, social media and cryptocurrencies. fintech .

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PYMNTS

SEPTEMBER 8, 2019

Japan ’s LINE has been approved for a cryptocurrency business license in the country, allowing it to offer its crypto exchange services in Japan. According to CoinDesk , the new platform will be called BitBox. The license, which was awarded by Japan’s Financial Services Agency, was completed on Sept. 6 in the name of LVC Corp.,

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PYMNTS

MARCH 7, 2018

Ripple — the blockchain company whose technology powers the cryptocurrency XRP — has created a new payment app in which transactions are settled instantly. While many regulators around the world are banning cryptocurrency trading, Japan has embraced it.

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PYMNTS

APRIL 3, 2018

Securities and Exchange Commission (SEC) has charged two founders of a cryptocurrency company for an allegedly fraudulent initial coin offering (ICO) that raised more than $32 million. And they allegedly hired celebrities to promote their ICO on social media platforms. “As Their firm, Centra Tech Inc.,

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PYMNTS

SEPTEMBER 27, 2019

Crypto startup RSK will buy Spanish social media network Taringa in a bid to expand and to gain access to the platform’s 20 million users, according to a report by Forbes. The partnership will encourage Taringa users to share content and receive cryptocurrency rewards in return.

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PYMNTS

JULY 26, 2019

The Internal Revenue Service (IRS) is going to send letters to about 10,000 cryptocurrency holders warning them about the penalties they will face if they don’t report their income or pay taxes on the transactions, according to a report by The Wall Street Journal. The letter also said the IRS may be in touch with them.

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PYMNTS

FEBRUARY 25, 2020

Banks and legacy financial institutions (FIs) might be wise to study what disruptive technologies recently did to the print publishing industry, taxi cabs, network TV, and a host of other businesses that were disintermediated with little to no warning in recent years.

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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. Yao was the head of China’s central bank digital currency initiative. .

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TheGuardian

JUNE 14, 2023

The chief executive of TSB , which produced the forecast, has written to the US tech company calling on it to take urgent action to address the soaring levels of fraud on social media. Stopping unregulated firms in the UK using Facebook and Instagram to advertise financial products and investments, including cryptocurrencies.

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PYMNTS

SEPTEMBER 11, 2019

Cryptocurrencies — Facebook’s Libra included — face at least some new headwinds as they target a mainstream embrace. As she told reporters, digital asset companies have spent relatively more time on technology and infrastructure, and there has not been enough focus on AML efforts. FINMA’S Take.

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PYMNTS

AUGUST 10, 2018

Looking to boost adoption by iPad and iPhone users, Amazon launched a new application that allows iOS users to use Alexa voice recognition technology for smart speakers and other devices, providing Apple users with an alternative to Siri. Facebook, L’Oréal to Test Makeup Using Augmented Reality.

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PYMNTS

MAY 16, 2018

At least one thing is clear about Facebook ’s new interest in blockchain: It will help the social media giant keep up with the Joneses. Another analyst who deals directly with blockchain said Facebook faces no major threat from the technology, at least not yet. “Could it be? Yes, longer term.

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PYMNTS

MARCH 5, 2018

XRP, Ripple’s digital currency and the third-largest cryptocurrency, saw its value jump by double digits on Monday (March 5) — recently up 16 percent — as speculation abounds it could have an exchange listing. The report noted another driver of the price of XRP could be due to a surge in trading volume in South Korea.

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