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

SEPTEMBER 18, 2020

This week's look at payment rail innovation is all about speed, both for legacy rails and new ones. Combining these elements, we are creating a broad platform with faster technology and smarter and better services that the industry can trust as a foundation for innovation towards their own end-clients," he added.

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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

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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Chris Skinner

SEPTEMBER 18, 2017

As part of the blockchain conference, I chaired a session with some central bankers talking about their views on distributed ledger technologies. As mentioned on Friday, they see … The post The regulator’s view of bitcoin, 2017 appeared first on Chris Skinner's blog.

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PYMNTS

JANUARY 9, 2018

Digital payment company PayPal is not betting on bitcoin as of now. In an interview with TheStreet.com, PayPal chief executive officer Dan Schulman said that while PayPal is focused on innovating in the payment market, it’s not focused specifically on the digital currency. “I

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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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Bank Innovation

JUNE 30, 2017

Investing in bitcoin is easy. Buying a tank of gas with bitcoin…uh. That’s more of a challenge, according to this Utah County couple who tried paying for life’s necessities only in bitcoin.

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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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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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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

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

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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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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PYMNTS

OCTOBER 9, 2019

Ransom is demanded in bitcoin, upon threat of releasing damaging information to family, friends, and co-workers. But now the hackers are asking for alternative crypto currencies to bitcoin in their ransom demands. This latest sextortion version is using a Litecoin wallet address instead of bitcoin to evade detection,” Johnson wrote.

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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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PYMNTS

OCTOBER 29, 2019

The Chinese state media advised people to stay levelheaded following a price escalation of bitcoin and blockchain stocks triggered by Chinese President Xi Jinping’s support, Reuters reported on Tuesday (Oct. Blockchain’s future is here, but we must remain rational,” he said, according to state-run news outlet the People’s Daily.

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PYMNTS

JANUARY 29, 2020

The National Institute for Smart Governance (NISG) in India has published a report recommending that laws around blockchain should be based on what the technology does, and not the technology itself, according to a report Tuesday (Jan. 28) by The Economic Times. Tanvi Ratna, CEO of Policy 4.0, Tanvi Ratna, CEO of Policy 4.0,

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PYMNTS

NOVEMBER 21, 2019

Since Ubisoft is already a leader in the games industry, and shows commitment to probe blockchain as a viable technology for games, we are very excited to be announcing our first cooperation of this kind with them,” said Nicolas Gilot, Co-CEO of Ultra, in a statement.

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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

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

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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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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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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PYMNTS

AUGUST 3, 2017

All is not running business as usual in the bitcoin realm. Just last week, we reported on investors splitting off from bitcoin to create their own digital money dubbed Bitcoin Cash. The hope with this new bitcoin offering is to ramp up the number of transactions occurring in a shorter time frame.

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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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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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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

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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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

OCTOBER 29, 2019

A bitcoin mining company in China is looking to raise capital in the neighborhood of $400 million and is aiming to file on the Nasdaq for an IPO, in what would be at least its third attempt to do so. His message sent shares of cryptocurrency, blockchain and bitcoin itself on a healthy upward trajectory.

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PYMNTS

OCTOBER 21, 2019

The differentiator is that it includes a hardware wallet and can run a “full Bitcoin node,” which HTC says is a first for a smartphone. “We We gave users the ability to own their own keys, and now we’ve gone one step further to allow users to run their own full Bitcoin node,” HTC’s Phil Chen said in a statement to news outlets. “We

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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

JUNE 16, 2019

We’re thrilled to see that Nevada continues to take a thoughtful approach to technology,” said Jackie Morck, President of the Nevada Technology Association, in a statement. “By By supporting light-touch legislation, our state is clearly committed to supporting innovation and investment. passport holders.

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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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PYMNTS

JULY 24, 2018

The goal is to drive the adoption of blockchain technology for the airline space. “While many industries have found their first use cases, the impact on the aviation sector is not noticeable yet,” said Lufthansa Innovation Hub Managing Director Gleb Tritus in a blog post. “We The price of bitcoin was $7,747.75

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PYMNTS

OCTOBER 4, 2019

The state of Ohio has decided to end its support for bitcoin tax payments, state Treasurer Robert Sprague announced this week. It is vital that Ohio explores innovative, new technologies and processes that continue to drive Ohio into the future,” he said.

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