Bank Innovation

AUGUST 4, 2017

With the recent arrival of new cryptocurrency Bitcoin Cash, which has split off from the bitcoin blockchain and is currently […]. Banks are paying attention to digital tokens along with the rest of the financial world, but some tokens might be more important to banks than others. But coins and forks rule the news these days.

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PYMNTS

JANUARY 7, 2021

Bitcoin hit more than $37,700, a new record high that helped drive the cryptocurrency market beyond $1 trillion, CNBC reported on Thursday (Jan. Singapore time, bitcoin was up 5 percent over the day before. Some bitcoin bulls have called bitcoin “digital gold,” CNBC said, with J.P. At about 2:42 p.m.

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Chris Skinner

FEBRUARY 18, 2018

Unless you have been asleep for the last year, you cannot have failed to catch the buzz around bitcoin and other cryptocurrencies such as Ethereum’s Ether and Ripple’s XRP. There are even some coins that were created as a joke that are getting significant investments, such as Dogecoin.

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Payments Dive

DECEMBER 10, 2019

A bitcoin aficionado who goes by the name "21isenough" has created a prototype for a Lightning ATM. The contraption allows you to send tiny amounts of bitcoin over the Internet via the Lightning Network, a second-layer protocol that works on top of bitcoin.

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Bank Innovation

JULY 25, 2017

Digital bitcoin wallet Abra is introducing its digital money transfer application to a vast landscape of new users thanks to its integration with American Express, the companies announced today. This is the first time a major credit card has partnered with a digital card,” Abra CEO and founder Bill Barhydt told Bank Innovation.

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Chris Skinner

JULY 18, 2017

I was interviewed by UBS’s wealth management team a month ago, when the bitcoin bubble was in full bloom. Barry Corbett: So far this year, 85 new cryptocurrencies have been launched, bitcoin has traded within a whisper of $3,000, and the market capital of cryptocurrencies has surged to more than $100 bn, from $15 bn.

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PYMNTS

NOVEMBER 11, 2020

The count of bitcoin ATMs has jumped this year, rising by 85 percent to just under 11,800, CoinDesk reported.

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PYMNTS

DECEMBER 17, 2020

Amid the rallies that have marked all manner of asset classes in 2020 – where things hummed along to start the year, turned sour in the spring and then rebounded (nay, roared) into the waning months, bitcoin stands out. But now, at least some asset managers have been embracing bitcoin as a hedge against currencies and gold.

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PYMNTS

MARCH 8, 2020

A French court has decided that bitcoin is money, the first time a court in France has issued such a ruling, according to a report from Les Echos Sunday (March 8). The decision came about following a clash between the Bitcoin marketplace Paymium and the crypto investment company BitSpread.

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Chris Skinner

DECEMBER 3, 2019

I’ve noted that the bitcoin swings and roundabouts tend to often cycle around the hope and expectation of the US SEC giving approval to a bitcoin ETF … only to find that they never do and so it goes around.

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Chris Skinner

OCTOBER 18, 2017

It’s been an interesting few weeks, watching bitcoin’s rollercoaster ride as it rises to valuations over $4,000 and then dives to almost $2,000 before rising again to near $6,000. The rise … The post The truth about bitcoin appeared first on Chris Skinner's blog.

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PYMNTS

JANUARY 7, 2021

In other news, bitcoin has passed $40,000 in value, hours after reaching both $38,000 and $39,000 — and some users are now antsy about the possibility of a crash, CoinDesk reported. This follows a momentous 2020 in which the value of bitcoin rose over 300 percent, including a near-50 percent gain just in December.

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PYMNTS

JUNE 2, 2020

In other news, Poolin, a bitcoin mining pool, is growing its financial services and digital currency lending verticals, CoinDesk reported. exahashes per second of overall computing power, which comprises for approximately one-fifth of the overall bitcoin network. Miners that link up with the pool have roughly 18.3

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PYMNTS

OCTOBER 21, 2020

A hacking organization released receipts for $10,000 in charitable contributions to two groups made through bitcoin, the BBC reported. in bitcoin ( valued at approximately $10,515 as of 7:04 P.M. In other news, the price of bitcoin broke through the $12,000 level on Tuesday (Oct. The price of bitcoin was $11,954.07

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PYMNTS

DECEMBER 18, 2020

18) that the government says would make convertible digital currencies like bitcoin less attractive to criminals engaging in crimes such as ransomware attacks. Bitcoin is a popular example. Treasury Department proposed sweeping new rules late Friday (Dec.

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Payments Dive

AUGUST 28, 2020

Bitcoin has been a part of the financial marketplace for some time and has grown in popularity, especially amongst millennials and the unbanked. Marc Gren, co-founder and president of DigitalMint shares his thoughts on this topic.

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PYMNTS

JUNE 26, 2020

The founder of the NAC Foundation was alleged to have taken in funds for tokens representing “AML bitcoin” that would eventually be changed into the purported cryptocurrency.

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PYMNTS

NOVEMBER 19, 2020

Securities and Exchange Commission (SEC) Chairman Jay Clayton thinks inefficiencies in traditional payments are boosting favorability for bitcoin, a report from Coindesk says. Clayton, speaking on CNBC, said bitcoin's popularity came from that disappointment in mainstream payments.

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Chris Skinner

NOVEMBER 17, 2019

SIX Group run payments and settlement processing out of Switzerland and, unsurprisingly, their view is that the most likely future is that there will be digital everything but still some cash … The post The future of money according to the Swiss (shhh, it’s not bitcoin) appeared first on Chris Skinner's blog.

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PYMNTS

AUGUST 3, 2020

Bitcoin had a turbulent weekend, rising to $12,112 in value just after midnight on Sunday (Aug. The high was bitcoin’s best rate since August of last year, according to Bloomberg’s estimation. Sunday, bitcoin was down 6.7 2), and then falling to $10,638 just 30 minutes later, Bloomberg reported. As of 8:48 a.m.

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PYMNTS

DECEMBER 27, 2020

The price of bitcoin has passed $28,000 on Sunday (Dec. In a continuing showing of the strength of the cryptocurrency, bitcoin is now valued at $500,000, according to the report. bitcoin has become available at over 16,000 ATMs in December of this year, a press release from East London-based cryptocurrency company BitcoinPoint says.

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PYMNTS

DECEMBER 30, 2020

In other news, bitcoin hit a new high on Wednesday (Dec. Bitcoin is like a [crypto] 101 version. Reuters reported that bitcoin’s limited supply — specifically that the creation of new coins relies on so-called “mining” computers — has been part of the power behind its current price climb. As of 3:19 p.m.

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PYMNTS

NOVEMBER 25, 2020

As it stands, bitcoin and other digital currencies are seeing increasing use in Nigeria. On another note, a digital currency fundraising event dubbed “Bitcoin Tuesday” is set for December 1, Cointelgraph reported. The news come as the Pineapple Fund, an anonymous bitcoin group, gave away more than 5,050 bitcoin to 60 nonprofits.

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PYMNTS

NOVEMBER 30, 2020

When PayPal announced recently that its 350 million users can deposit bitcoin and other cryptocurrencies in their accounts and spend it at 26 million merchants next year, it was characterized as the inevitable advance of digital currency. Bitcoin is like a [crypto] 101 version. Wanted: Big Backers And Government Support.

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PYMNTS

JANUARY 11, 2021

The price of bitcoin kept going up and up and up for months — to a high of more than $40,000. CNBC reported that bitcoin (BTC), the largest cryptocurrency by market capitalization, fell over 12 percent from a day earlier, to as low as $30,863. Bitcoin has still gone up in price by 300 percent in the last 12 months.

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PYMNTS

OCTOBER 7, 2020

With transactions that become irreversible almost instantaneously, bitcoin and other cryptocurrencies are winning new converts — among scammers eager to avoid credit card chargebacks that can eat into their ill-gotten gains. Jack Dorsey Likes Bitcoin, But So Do Crooks . The Dark Web Likes Bitcoin, Too . For example, the U.S.

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PYMNTS

JANUARY 27, 2021

In other news, bitcoin fell below $30,000 Wednesday (Jan. Eastern time, bitcoin had risen to $30,261.793. The FSCA found that MTI kept no accounting records or a thorough register of participants, although it claimed to have 260,000 members and 23,000 bitcoin — about $740 million. As of 7:34 p.m.

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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 Right now, only about 1 percent of the $600 billion invested in bitcoin is institutional, he said, CNBC reported. 11), when it fell below $31,000, just days after breaching $41,000. In other news, about 20 percent of the 18.5

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PYMNTS

JANUARY 26, 2021

Bitcoin gets all the headlines. But step beyond bitcoin and enter the world of cryptocurrencies approaching mainstream acceptance. At present, he said, a number of factors have inhibited the adoption of bitcoin as a transactional currency, including the fact that it’s expensive and can be very slow.

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Payments Dive

APRIL 28, 2022

Fidelity Investments said it is seeing growing interest in digital assets from plan sponsors. The offering will be widely available to employers mid-year.

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PYMNTS

DECEMBER 30, 2020

At a time when 90 percent of Americans have never owned bitcoin and nearly 70 percent say they have no plans to do so in the future, the thought of widespread adoption and usage of cryptocurrency seems to be a distant prospect for most people. Bitcoin is awesome. Ternio CEO Daniel Gouldman , however, is not one of them. “I Baby Steps

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PYMNTS

NOVEMBER 23, 2020

PayPal and Square’s Cash App digital currency buying spree has reportedly triggered a bitcoin rally, according to a Benzinga report on Monday (Nov. The increase in itBit volume implies that within four weeks of going live, PayPal is already buying almost 70% of the new supply of bitcoins,” Pantera Capital indicated in the report.

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PYMNTS

OCTOBER 12, 2020

Bank of England governor Andrew Bailey said he doesn’t see the value of Bitcoin as a mode of payment, cautioning it as a legitimate use, Reuters reports. He said the popular cryptocurrency “may have extrinsic value in the sense that people want it,” but that he couldn't see the broader use because of the uncertainty over its valuation.

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Payments Dive

NOVEMBER 10, 2023

Bitcoin Depot CEO Brandon Mintz contends a new California law will “create economic challenges” for his company and other crypto ATM operators.

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PYMNTS

JULY 13, 2020

Two Nigerian scammers known for allegedly defrauding American companies for tens of millions of dollars that they transferred into bitcoin were extradited to the U.S. Ponle, according to the complaint, wasn’t that concerned with covering his tracks — he reportedly used the same address on the Bitcoin network since 2014.

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PYMNTS

SEPTEMBER 28, 2020

27), bitcoin set a record with 63 straight days of closing above $10,000, according to CoinDesk. Coin Metrics statistics show that the 180-day returns volatility for bitcoin is down 41 percent so far in September, CoinDesk reported. Closing at $10,793 on Sunday (Sept. The cryptocurrency's previous record was between Dec.

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PYMNTS

AUGUST 14, 2020

Coinbase, the digital currency exchange, will offer bitcoin-backed cash loans to select customers as early as next month, the San Francisco-based company announced on its blog this week. Customers in 17 states have been invited to join the waitlist to borrow up to 30 percent of their bitcoin holdings.

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