PYMNTS

SEPTEMBER 15, 2020

District Court against four people for allegedly “fraudulently soliciting funds” from individuals to attempt to wager on changes in the price of bitcoin, according to a press release. On another note, Ticino Blockchain Technologies Association was created with the participation of two Swiss universities, according to an announcement.

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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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Bank Innovation

APRIL 28, 2017

Bitcoin has, once again, smashed a record. The cryptocurrency hit a new all-time high yesterday, rising to about $1,343, while its younger cousin ether–the currency traded on Ethereum–also logged a new record when prices rocketed over $60.

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PYMNTS

JANUARY 20, 2019

Meanwhile, a study by data firm Chainalysis has found that bitcoin as a form of payment doubled in 2018 on darknet market sites. Bitcoin transaction volumes on darknet markets, where people can buy illegal goods, saw an increase over the entire year to reach an average of $2 million daily.

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PYMNTS

JANUARY 25, 2019

That doesn’t mean they can’t be about innovation. Supermarkets are home to some of retail’s major and ongoing technological advances — and 2018 stands as a big year for grocery innovation. According to Bergquist, the Coinstar-Coinme bitcoin effort represents the “largest mainstream on-ramping to date” for the digital currency.

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PYMNTS

APRIL 16, 2020

Ant Financial rolled out a blockchain platform called OpenChain, which lets small- to medium-sized businesses (SMBs) and developers harness its proprietary blockchain technologies, according to an announcement. The technology offers many modules to developers that they can use in different mixes to create trust in team efforts.

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Bank Innovation

MARCH 6, 2018

EXCLUSIVE – Cryptocurrency is an asset class that enables a new kind of software, Adam Ludwin, co-founder and CEO of blockchain technology platform Chain said at the Bank Innovation 2018 conference in San Francisco. At Bank Innovation 2018 in San Francisco, Ludwin spoke on the topic. Even, bitcoin,Read More.

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PYMNTS

NOVEMBER 4, 2020

Bit by bit — but more than bitcoin by bitcoin — cryptos are inching into the mainstream, for both consumer and commercial applications. Elsewhere, Square announce last month that it has invested $50 million — approximately 1 percent of its total second-quarter assets — to purchase roughly 4,709 bitcoins. “We

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PYMNTS

APRIL 23, 2020

Business payment and accounting solutions provider Gilded said that digital currency data provider CoinMarketCap has implemented its cryptocurrency payment technology, according to an announcement. Our solution puts digital currency payments and accounting on autopilot, so businesses can focus on innovation and growth.”.

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PYMNTS

SEPTEMBER 14, 2017

One of the key reasons for the complicated relationship – the term “frenemies” comes to mind – is that FinTech newcomers are demonstrating innovative approaches to traditional banking practices, including financial management services and money transfers, while older banks tend to be wedded to older systems.

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PYMNTS

AUGUST 18, 2019

This approval demonstrates New York’s competitiveness as a hub of innovation and leadership in emerging technologies.”. Bakkt is now authorized to provide custody services for bitcoin along with the launch of physically delivered bitcoin futures contracts. 16) in a press release. Both entities are affiliates of Bakkt.

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PYMNTS

JANUARY 23, 2019

Bitcoin fell to a five-week low during this past holiday weekend, reaching $3,442.50, its lowest level since Dec. Bitcoin keeps bouncing along in the upper $3K range, but it was unable to extend last week’s breakout above this level,” wrote Market Analyst Jani Ziedins. .” By Tuesday (Jan. 22), the crypto was up 0.7

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South State Correspondent

MAY 9, 2022

The most significant problem with bank innovation is that bankers see or hear about a sexy piece of technology at a conference or at another bank and then acquire it. The new piece of technology ends up solving a known problem but, in the process, creates more problems, and risks, than it solves.

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PYMNTS

OCTOBER 8, 2019

In other news, $10 billion worth of bitcoin — or almost 7 percent — is currently held in the wallets of eight major cryptocurrency exchanges. And the Swiss National Bank (SNB) and the Bank for International Settlements (BIS) announced that they have signed an operational agreement on the BIS Innovation Hub Centre in Switzerland.

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Bank Innovation

SEPTEMBER 2, 2016

Facebook, whose ads are its lifeblood, is fighting ad blockers, while other services continue to find innovative ways to help users skip the marketing. There’s a war on in digital advertising.

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PYMNTS

DECEMBER 10, 2018

In other news, South Korea’s Shinhan Bank has started to tap into blockchain technology for its “daily working process,” according to Cryptovest. On another note, UNICEF is backing startups that are looking to “solve global challenges using blockchain technology,” Coindesk reported. And bitcoin commanded a dominance rate of 55.38

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Insights on Business

JULY 26, 2018

IBM RegTech Innovations. One of the best things about working at IBM—and in the RegTech field in particular—is meeting daily with the engineers and developers who are driving technological innovation in the financial industry. Those types of capabilities are very difficult to achieve without using blockchain technology.

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Chris Skinner

MARCH 7, 2018

Everyone got very excited a few years ago about blockchain technologies, the ledger system that was spawned by the arrival of bitcoin in 2009. I recently wrote an article for Bloomberg’s Business Week, and thought it worth sharing with y’all here: What’s next for blockchain? appeared first on Chris Skinner's blog.

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Bank Innovation

MARCH 22, 2017

Hard fork — the two words you need to start an on-going, industry-wide debate in cryptocurrency. Most of the time, the debate surrounds the history of Ethereum, and its old, but still contested, decision to hard fork in order to prevent the succession of a hack.

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Bank Innovation

MAY 3, 2018

Square made a splash when it announced it would sell bitcoin in its Cash app, but failed to make much money doing so, it was revealed yesterday. But working with the cryptocurrency taught the payments company quite a bit about blockchain technology, and how it ends up employing that knowledge may be the true payoff […].

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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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PYMNTS

MARCH 17, 2017

And, as America found out what actually happens when the wrong name gets read on stage, PwC found out what happens when Twitter decides to rename your firm — as our CEO (and former PwC employee) Karen Webster told those assembled at the Innovation Project’s annual awards dinner last night. And the winners are… Best POS Innovation.

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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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Bank Innovation

MARCH 29, 2016

While private initiatives seek to capitalize on distributed ledger technology, academics are turning their attention to bitcoins. It’s been an open secret for some time that as blockchain has soared to ever greater heights, bitcoin’s reputation has suffered (though its value as a commodity has held fairly steady this year.)

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PYMNTS

FEBRUARY 28, 2020

Committee Chairwoman Nydia Velázquez said, according to the report, “it is vital that Congress keep pace with the evolving needs of our country’s innovative small businesses.” The “Building Blocks of Change: The Benefits of Blockchain Technology for Small Businesses” hearing will be held on March 4 at 11:30 a.m.

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PYMNTS

MARCH 7, 2019

However, the way payments innovation is pursued — and becomes reality — is changing, too. Part of that collaborative movement involves working with open source technology, where, generally speaking, software is made (freely and publicly) available for users to develop and modify as they see fit. Blockchain, Too.

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PYMNTS

APRIL 23, 2019

According to a report in the Wall Street Journal , citing people familiar with the matter, Son made the investment in bitcoin, the leading cryptocurrency back in 2017 just as its price peaked. The executive reportedly made the purchase on the recommendation of a well-known bitcoin advocate.

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PYMNTS

AUGUST 11, 2020

The crypto was then converted to bitcoin and moved into a number of locations. Meanwhile, blockchain company Alchemy is making its offerings available to developers or firms seeking the infrastructure to create innovations based on smart contracts, Bloomberg reported. The individual will be eligible for parole next fall.

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Bank Innovation

APRIL 21, 2016

During 2015, Bitcoin fell into the slough of despond while its underlying technology, Blockchain, rode the media roller coaster to the top. So we did a Bitcoin ecosystem health-check (TL:DR, patient is OK and can return to Read More. We believe that the reality cycle and the media cycle are mostly disconnected.

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Bank Innovation

MARCH 14, 2016

Microsoft may be a major player in blockchain but it doesn’t seem to care much about bitcoin. based software giant dropped support for bitcoin in its online store today, posting the following notice: You can no longer redeem Bitcoin into your Microsoft account. The Redmond, Wash.-based

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PYMNTS

MARCH 30, 2020

The organization said that “the aim is to explore the potentialities offered by this technology, and to identify concrete cases integrating Central Bank Digital Currencies [CBDC] in innovative procedures for the clearing and settlement of tokenized financial assets.”

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Bank Innovation

MARCH 17, 2016

A lot has happened in the bitcoin multiverse this week, some seemingly positive for the embattled cryptocurrency, some decidedly negative.

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Bank Innovation

MARCH 2, 2017

Bitcoin: $1,252.91. That’s right: currently, bitcoin is worth more than an ounce of gold (but you should probably keep buying gold). The only other time this has happened since bitcoin’s creation by anonymous cryptocurrency legend Satoshi Nakamoto—who may or may […]. Gold: $1,239.20.

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PYMNTS

AUGUST 11, 2019

Bill S2297 explained that the task force will study potential uses for blockchain technology on the state and local level, with an emphasis on medical records, land records, banking, and property auctions as potential applications. New Jersey ’s governor has signed a bill to implement a Blockchain Initiative Task Force.

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PYMNTS

MAY 20, 2019

Securities and Exchange Commission (SEC) has delayed a decision to approve a bitcoin exchange-traded fund, asking for more comments in the meantime. But given that their issues are with the underlying bitcoin market, not sure why they just don’t deny it as opposed to stringing along the crypto faithful with false hope.”.

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Bank Innovation

JUNE 2, 2017

“Accepting payments in cash or crypto only. Venmo not accepted,” future online sale ads might read, at least for this recent victim of fraud on the reigning “killer” P2P payment app. Expressing his thoughts in a 32-tweet long tweetstorm, this seller of a 5k iMac (who goes by the handle @czeins on Twitter) found himself […].

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Bank Innovation

JANUARY 20, 2017

Start the line now, people—bitcoin is now available on the New York Stock Exchange. Grayscale Investments, a New York based subsidiary of Digital Currency Group, today filed to list its fund, Bitcoin Investment Trust (look for GBTC on the NYSE), on the exchange for a public offering of $500 million. Read More.

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