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

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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Chris Skinner

MAY 26, 2017

I’m being asked this a lot as the value of bitcoin and other cryptocurrencies have increased ten-fold in the past few weeks. There’s also underperforming Chinese markets and increased demand for the cryptocurrency in a number of Asian countries, particularly Japan where bitcoin is semi-legitimised. It’s funny.

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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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Chris Skinner

FEBRUARY 20, 2018

I’m often asked how bitcoin works, where to buy them and how does it relate to blockchain and differ from ethereum, etc, etc. He has also kindly let me republish his blog … The post Everything you need to know about bitcoin appeared first on Chris Skinner's blog.

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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

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

APRIL 21, 2019

Afghanistan is looking to boost its ailing economy with bitcoin. Sediq explained that bitcoin could be used with a form of metals future, such as lithium, adding that the value of Afghanistan’s mineral reserves is estimated at more than $3 trillion. In the meantime, Afghanistan isn’t the only country looking into bitcoin.

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PYMNTS

OCTOBER 27, 2020

Blockchain industry stocks are on the rise as bitcoin reaches new heights, Seeking Alpha reported. HIVE Blockchain Technologies, Riot Blockchain and Marathon Patent Group are on the uptick, according to the report, which was published early Tuesday (Oct. Bitcoin reached higher than the $13,600 level intraday. as of 7:19 p.m.

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PYMNTS

NOVEMBER 15, 2018

CIMB , a banking group that operates in countries such as Malaysia, Cambodia and Thailand, has inked a deal with Ripple in order to bring the company’s blockchain technology to its SpeedSend remittance offering, Cryptovest reported. It will also reportedly work with more than one ledger technology, such as bitcoin and Ethereum.

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PYMNTS

JANUARY 25, 2019

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. Who Uses Bitcoin ATMs, Anyway? supermarket.

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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

NOVEMBER 19, 2018

It has not been a great week for the price of bitcoin, or really any cryptocurrency for that matter. The price of bitcoin has fallen and stayed below $6,000 for the last four days and no one’s predicting a rally anytime soon. Why Bitcoin Busted. Don’t say we didn’t warn you.

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PYMNTS

APRIL 9, 2019

China could move to ban mining for bitcoins if a draft list of activities the country’s state planner wants to ban becomes law. It has also been clamping down on bitcoin mining which has resulted in bitcoin mining operations setting up shop outside of China. The list was first made back in 2011, noted the report.

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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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Chris Skinner

JULY 8, 2016

The dinner for $100 that a few … The post The case for bitcoin (or something like it) appeared first on Chris Skinner's blog. I brought a lot of American stuff that year. Yesterday, I bought something and it was $1.30 to the pound.

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PYMNTS

OCTOBER 9, 2020

Bitcoin and other cryptocurrencies are continuing to attract attention from authorities for all the wrong reasons. FBI Director Christopher Wray added that his agents have observed the dangers of cryptocurrency’s criminal usage firsthand, noting that a promising technology has sometimes been used to conduct illicit activities. “To

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PYMNTS

NOVEMBER 9, 2020

As other stocks rebounded at the news of a breakthrough in Pfizer and BioNTech’s joint COVID-19 vaccine, bitcoin fell sharply to nearly $14,815, according to CoinDesk. Nellie Pou introduced new cryptocurrency regulations in a bill titled “Digital Asset and Blockchain Technology act,” on Thursday, Nov. Meanwhile, New Jersey Sen.

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PYMNTS

JANUARY 6, 2021

Active bitcoin accounts are approaching the record high reached in December 2017, before the previous bitcoin peak crashed. And as of Monday, active accounts — accounts in use in the last six months — held 82 percent of all bitcoin. Account users remain confident as well, according to Bloomberg. More than 2.1

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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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Payments Dive

MAY 30, 2017

With new technologies, it takes a while for regulation to catch up. Blockchain technology is no exception. While we are slowly beginning to see standards emerge, the reputation of blockchain is still marred by the criminal aspects of bitcoin.

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PYMNTS

JANUARY 3, 2019

3) that it will pay a portion of its state business taxes in Ohio in bitcoin, becoming the first major U.S. company to pay state taxes in bitcoin. Paying taxes via bitcoin is not the first milestone for the online retailer, which is morphing into a leader in blockchain technology and cryptocurrency. Ohio is the first U.S.

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PYMNTS

DECEMBER 20, 2020

Square 's Cash App has a new feature letting customers get bitcoin back with any transaction, CoinDesk reported. But bitcoin has been trending upward for the company and in general, with Square reporting $1.63 billion in bitcoin revenue from Cash App in its third quarter earnings. In other news, Nigeria is now the No.

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PYMNTS

NOVEMBER 7, 2018

The malicious software attempted to utilize StFX’s collective computing power in order to create or discover bitcoin for monetary gain. In the meantime, cryptocurrency hackers attacked traffic analytics service StatCounter to steal bitcoin from users of online exchange desk Gate.io. As a result, Gate.io

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Chris Skinner

JUNE 21, 2016

I’ve written about Bitcoin and blockchain for half a decade, and now banks are all talking about it too. There is a belief that the blockchain technology that came from the Bitcoin structure could revolutionise banking. But there’s a problem, not with blockchain protocol, but with the hype and confusion that surrounds it.

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PYMNTS

MARCH 31, 2020

The startup’s head of product, Conor Allen, was State Street’s senior vice president of enterprise data in the past, while former State Street executive Greg Haskins is the chief technology officer.

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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. The technology from Gilded facilitates instant international payments with cryptocurrency and doesn’t charge transaction fees.

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Chris Skinner

JULY 29, 2019

I have this debate often: Why governments will fail to block the emergence of cryptocurrencies such as Bitcoin Can you have decentralised exchange without centralised control? Is the world being democratised through technology? How do governments regulate a networked world? A world without money A world without government? …

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PYMNTS

MARCH 3, 2020

The blockchain for the Marshallese sovereign (SOV) digital currency will be developed with Algorand technology, according to an announcement. Algorand created a permissionless, open source and pure proof-of-stake blockchain technology. The supply of SOV will be set to increase at 4 percent yearly to stop inflation from occurring.

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PYMNTS

JANUARY 25, 2021

Bitcoin is highly volatile as its rally over the past year from $4,000 to more than $40,000 and then back towards $30,000 shows,” Bank of Singapore’s Mansoor Mohi-uddin told The National. Governments are very wary of any technology that could potentially displace national currencies,” Mohi-uddin said, per the report.

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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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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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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. Both entities are affiliates of Bakkt.

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PYMNTS

AUGUST 30, 2019

The provider of bank-to-bank payments infrastructure technology also got funding from Alsop Louie and Commerce Ventures. Nevada currently has 110 bitcoin ATMs. In related news, the California-based blockchain Baton Systems said it has received $12 million in series A funding led by Trinity Ventures, Venture Beat reported. .

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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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PYMNTS

NOVEMBER 30, 2020

27 that it was partnering with the pizza chain to process cryptocurrencies, including Bitcoin, Litecoin, Binance Coin, Binance USD, Tether, Dash, Ether, Dai and XPT, Cryptobuyer’s native coin. Chinese law enforcement seized 194,775 Bitcoin, 833,083 Ethereum, 487 million XRP, 6 billion Dogecoin, 27.6 billion) from more than 2.6

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