PYMNTS

NOVEMBER 8, 2020

According to the release, Ripple chose DIFC for its “innovative regulations, expansive network and reputation as a leading global financial centre,” according to the release, with the two companies “aligned” in their visions for the future. According to Cointelgraph , Powell had been responding to a news conference after the Fed's Nov.

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Bitcoin blockchain Fraud Conference 155

Bank Innovation

OCTOBER 13, 2016

As we know, two of the most prized traits of blockchain technology, specifically when one is talking about the bitcoin blockchain, are its anonymity and its immutability. Unfortunately, those traits also lead to a fair amount of fraud; which is why Terbium Labs, a “dark web intelligence provider,” has teamed Read More.

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blockchain Fraud Bitcoin Technology 150

PYMNTS

JUNE 29, 2016

Russell Moore, Director of Innovation at TSYS , agrees that it’s been misused in a myriad of ways, but feels that bitcoin and other cryptocurrencies offer merchants the chance to view payment processing in a new way. RM: That bitcoin is a dark currency that it is only used for elicit purchases.

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Bitcoin cryptocurrency blockchain Innovation 123

PYMNTS

APRIL 30, 2020

This week’s examination of the latest in payments rails innovation finds financial service providers innovating on top of existing rails to address the friction of ACH, checks and other bank transfer infrastructure. Western Union Expands Real-Time Capabilities. Invoiced Tackles The Friction of Check.

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Innovation Payments blockchain System 184

Bank Innovation

OCTOBER 3, 2017

The Acting Comptroller of the Currency of the United States, Keith Noreika, has stated that he is considering imposing a nationwide licensing program for cryptocurrency exchanges, similar to the licensing program recently enacted in Japan.

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United States cryptocurrency Bitcoin National 284

PYMNTS

NOVEMBER 2, 2018

JPMorgan Chase CEO and Chairman Jamie Dimon is not a huge fan of bitcoin and offered a comment on the cryptocurrency’s 10th anniversary, Financial News reported. MarketWatch said “the gist of his response” was “I didn’t want to be the spokesman against bitcoin. ” The executive has long been a skeptic of bitcoin.

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PYMNTS

APRIL 28, 2017

In the last few weeks, three separate bitcoin exchanges have reported a halt on processing transactions in dollars — the result of global banks pulling out of high-risk areas. Global banks have long been wary of even indirect interactions with bitcoin exchanges — particularly in the case they could be held liable if something goes wrong.

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Bitcoin Regulation cryptocurrency Marketing 120

PYMNTS

MARCH 17, 2017

It has been another wild ride of a week for bitcoin in the wake of the SEC ruling. At the tail end of last week, the Securities and Exchange Commission ruled the proposed Winklevoss bitcoin ETF a no-go by nixing a proposed rule change that would have led to the fund being listed on the Bats BZX Exchange. The reason?

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Bitcoin Regulation cryptocurrency blockchain 123

PYMNTS

DECEMBER 14, 2017

16,835 | Value of a single bitcoin as of the close of trading on Wednesday (Dec. It’s been a newsworthy week for bitcoin, with agencies around the world concerned with a potential bubble involved in cryptocurrency. It also included banks outside this profile and represents a broad range of FIs reflective of the market.

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Bitcoin Data Compliance Survey 122

PYMNTS

NOVEMBER 10, 2020

Scan the headlines over the past few weeks and cryptos, well beyond the marquee bitcoin, are making inroads into mainstream consumer and business activities. Square bought $50 million of bitcoin. Crypto has been held up by critics as a conduit to fraud and money laundering. The mechanics and clumsiness of it all have not helped.

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cryptocurrency blockchain Bitcoin Security 324

PYMNTS

JUNE 20, 2019

Australian Craig Wright, who has declared himself the inventor of bitcoin, believes that a series of lawsuits will help him prove that he is the inventor of bitcoin. In April after Vitalik Buterin called Wright “a fraud,” his lawyers sent a legal notice, dated April 12, stating that Wright intends to sue Buterin in the U.K.

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Bitcoin blockchain cryptocurrency Innovation 109

PYMNTS

AUGUST 2, 2019

Data storage firm Seagate revealed that it has moved its anti-fraud blockchain project with IBM into the pilot stage. Launched in 2018, the project monitors products sent via several steps to the customer, including product returns, to prevent counterfeit drives from being sent back.

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blockchain Fraud Data Report 148

PYMNTS

JULY 31, 2018

A fter beginning to recover from a months-long slide, bitcoin prices once again showed signs of weakness on Monday (July 30) after Goldman Sachs warned in a research note that the recent turnaround in prices will be short-lived, according to reports. The price of bitcoin, after briefly slipping below $8,000, was down 0.8

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Bitcoin Innovation cryptocurrency blockchain 107

PYMNTS

AUGUST 23, 2018

Another round of attempts to get bitcoin exchange-traded funds approved by the Securities and Exchange Commission has failed. Bloomberg , citing the Securities and Exchange Commission, reported the government agency rejected bitcoin ETFs from ProShares , GraniteShares and Direxion , citing concerns that the funds would be easily manipulated.

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Bitcoin cryptocurrency California blockchain 102

PYMNTS

MARCH 29, 2017

In another blow to bitcoin legitimacy, the U.S. Securities and Exchange Commission (SEC) has denied the second bitcoin-based ETF bid up for consideration this month — the Intercontinental Exchange, Inc.’s s NYSE Arca exchange’s request to list and trade the SolidX Bitcoin Trust.

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Bitcoin Regulation Security Fraud 100

PYMNTS

NOVEMBER 28, 2019

“In times of crisis, to reach those lofty ambitions, we need to be friendly not only to traditional financing mechanisms but to the crypto community who’s been very innovative,” said Ettore Rossetti, global digital lead of Save the Children in a phone interview with CoinDesk.

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Bitcoin Community Groups Innovation 176

PYMNTS

JANUARY 19, 2021

The DFSA is committed to remain ‘open for business’ with respect to innovation in the financial services sector and we continue to explore how our regulatory regime can accommodate new and innovative business models,” the DFSA said in its 2021-2022 Business Plan. The app comes without deposit and withdrawal fees.

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Bitcoin Google cryptocurrency Innovation 144

PYMNTS

MARCH 31, 2017

This past week proved once again that it’s tough to be a bitcoin fan. In another blow to bitcoin legitimacy, the U.S. Securities and Exchange Commission (SEC) has denied the second bitcoin-based ETF bid up for consideration in the month of March — the Intercontinental Exchange, Inc.’s Well, as long-term as bitcoin value can be.

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Bitcoin blockchain Capital Regulation 100

PYMNTS

MAY 27, 2016

Gox bitcoin drama got a little more dramatic this week. Gox is the now-defunct bitcoin exchange that shuttered in February 2014 after a mysterious “glitch” caused $500 million worth of bitcoin to go missing. Those bitcoin – or at least most of them — have remained missing ever since. Gox bitcoin.

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Bitcoin blockchain Operations Technology 104

PYMNTS

JANUARY 29, 2020

If an agency intends to enforce its laws in new and innovative ways, it must first notify industry stakeholders of its intent to do so and the way in which existing law applies,” it said. “Public statements, whether through the press or formal speeches, are helpful but are not official statements of application by the agency.

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Bitcoin Regulation blockchain Delaware 132

PYMNTS

JUNE 17, 2020

Robert Farkas, the 33-year-old co-founder of crypto project Centra Tech , has pleaded guilty in court to conspiring to commit securities and wire fraud, Coindesk reported. The goal of using blockchain is to hopefully cultivate a reliable source of information, documenting every data point necessary to keep track of the supply chain.

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blockchain Fraud Indiana Bitcoin 132

PYMNTS

MAY 27, 2016

I was reminded yesterday in my digital discussion with the CEO of Forter, Michael Reitblat, that 83 percent of the fraud attacks last year were the result of botnets, besting some of the more “tried and true” tactics like account takeovers and phishing. Absurd seems to be a good word to use to describe the whole of bitcoin, too.

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Bitcoin Fraud Mobile Apple 109

PYMNTS

AUGUST 12, 2019

A new report has estimated that losses related to cryptocurrency thefts, scams and fraud could reach $4.3 On top of these numbers, the New York Attorney General’s Office revealed what they allege is a fraud involving the loss of $851 million by a major cryptocurrency exchange, Bitfinex. billion this year. trillion, 11.5 trillion, 11.5

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Report cryptocurrency Fraud Bitcoin 153

PYMNTS

SEPTEMBER 11, 2020

For example, in April 2020 a RaaS (Ransomware as a Service) group called Sodinokibi (a former affiliate with the GrandCrab RaaS group) stated that future ransom request payments will be in Monero (XMR) rather than bitcoin (BTC) due to transaction privacy concerns," the agency states in its RFP.

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cryptocurrency United States Security Bitcoin 241

Abrigo

JANUARY 4, 2023

Guidance for banks on the lookout for crypto scams and fraud The turbulent cryptocurrency scene should put bankers on high alert. Takeaway 1 Cryptocurrencies are the newest and most popular field in potential financial gains through fraud. But with increased popularity comes more opportunity for fraud. DOWNLOAD WHITEPAPER.

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PYMNTS

SEPTEMBER 8, 2020

The coins affected included bitcoin, ether, XRP, tezos, algorand and TRON, and the hackers transferred their stolen items into public wallets that have since been emptied, according to CoinDesk. billion in assorted cryptocurrencies, CoinDesk reported. The exchange contacted law enforcement, and trading has been suspended until Sept.

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Bitcoin Fintech cryptocurrency Software 141

PYMNTS

AUGUST 24, 2020

Moreover, the cloud services arm of Huawei has fueled the project with blockchain innovations like distributed ledgers. The effort is reportedly part of the “New Infrastructure Initiative” of the country to allow for information to be unchangeable and provided to various governmental bodies, the report stated.

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PYMNTS

JANUARY 1, 2019

Bitcoin (and other cryptocurrencies) had started its major run; everyone was excited. In the panel discussions, the bitcoin proponents were talking about it reaching $100,000. This was what everyone was hoping for — bitcoin was finally taking off, and it was going to be HUGE. As 2018 rolled along, bitcoin dipped.

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PYMNTS

JUNE 24, 2019

As has been a running theme in PYMNTS conversations with Libra’s founding members, Lambert reiterated that there is much ground to cover between today and the Libra rails launching, which support payments and commerce innovation. The Twin Concerns: Bitcoin And Facebook. What problem will this really solve?”.

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Payments cryptocurrency social media Regulation 179

PYMNTS

NOVEMBER 4, 2018

And some of the offerings are simply outright frauds cloaked in the veneer of emerging technology.”. For instance, the issuers may lack established track records, viable products, business models, or the capacity for safeguarding digital assets from theft by hackers. Israelis are less than 0.1

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Bitcoin blockchain Technology Report 139

PYMNTS

MARCH 18, 2016

” Innovation Project 2016 — where hundreds of leaders across the payments, commerce, tech and security ecosystems joined together under one roof with one mission: navigating the balance between the leading and the bleeding edge. Especially when your talking innovations in payments. So, how did Day 2 end up?

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Innovation Security Industry blockchain 100

PYMNTS

SEPTEMBER 7, 2017

There’s interaction with marketing and customer service teams, an eagle eye on data fraud — oh, and no small amount of effort devoted to innovation. On new solutions, I spend time in fundamental research analyzing new market trends, topics and use cases and exploring how to develop innovative technologies to expand into those areas.

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Analytics Fraud Innovation Industry 116

PYMNTS

JUNE 1, 2020

In a roundtable discussion, the last in the “Powering the Digital Shift” series with Karen Webster, six experts in money movement, fraud prevention, banking and financial technology discussed one sure bet: “Digital optional” is no option as we move toward contactless commerce. The recent payouts by the U.S.

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Payments Fraud Security Technology 172

PYMNTS

SEPTEMBER 29, 2017

Just weeks after China banned ICOs, South Korea announced today that it is following suit, with its regulator stating that ICOs for bitcoin and other cryptocurrencies are pushing the market into a “nonproductive speculative direction.”. Several regulatory bodies, including those in the U.S.,

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cryptocurrency Bitcoin Regulation blockchain 124

PYMNTS

OCTOBER 7, 2019

Securities and Exchange Commission (SEC) is seeking to “modernize” the regulation of exchange-traded funds (ETFs) in a bid to make those investment vehicles more innovative, and give them quicker entrance to the market. However, last month, Van Eck Associates abandoned plans for a bitcoin ETF.

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cryptocurrency Bitcoin Regulation Retail 134

PYMNTS

SEPTEMBER 11, 2019

Pump and dump is a type of fraud that manipulates the price of an asset through a rush of high-volume purchases by fraudsters. In other news, researchers at An.Chain have published evidence of an alleged pump and dump manipulation involving the Chainlink (LINK) token.

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blockchain Company Bitcoin social media 119

PYMNTS

NOVEMBER 30, 2017

“Right now, the Federal Reserve is not developing its own digital currency,” Williams said when asked his thoughts about bitcoin at an economic outlook luncheon in Phoenix, Arizona. While JPMorgan CEO Jamie Dimon has called bitcoin a “fraud,” he admitted that he would be more comfortable with a government-backed digital currency.

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San Francisco Bitcoin Phoenix Arizona 100