Bank Innovation

JANUARY 2, 2019

Bakkt, a cryptocurrency startup led by Intercontinental Exchange, scored $182.5 million to build out its futures trading platform for cryptocurrencies ahead of an anticipated, albeit delayed, launch in 2019. CEO Kelly Loeffler made the announcement of Bakkt’s first capital raise in a Medium post published Monday.

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PYMNTS

NOVEMBER 23, 2020

Consumers are moving to digital payments and cryptocurrency in droves, and it’s inevitable that more central banks will issue digital forms of currency, PayPal CEO Dan Schulman said in a televised interview on Monday (Nov. And I think you’ll have more and more utility happen with cryptocurrencies,” he predicted. 23) Benzinga report.

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PYMNTS

OCTOBER 26, 2017

The debate over cryptocurrencies tends to hinge on the investments within the digital Wild West. The key questions revolve around who regulates bitcoin and its peers, from Ethereum to the slew of cryptocurrencies that seem to pop up daily. 2, Paycent will come to market to raise capital to invest in the aforementioned initiatives.

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Bank Innovation

APRIL 11, 2018

Enterprise blockchain provider Ripple has made a $25 million investment in blockchain startup, Blockchain Capital, the company announced today. The growth of Blockchain Capital’s fund, which is now hovering at $150 million, will help support entrepreneurs and startups in the space.

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PYMNTS

NOVEMBER 24, 2020

million, CoinDesk reported, the first IPO to use cryptocurrency as an accepted currency. FinTech STAX, a capital-raising platform that accepts both dollars and cryptocurrency, helped WCA raise the funds. “We Meanwhile, Australia’s West Coast Aquaculture (WCA) completed an initial public offering that raised the company $3.65

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PYMNTS

OCTOBER 2, 2018

The manipulation of cryptocurrencies is getting attention from regulators who have been warning that these digital tokens, and the exchanges they are traded on, could be vulnerable to price manipulation. ” He said that earlier this year, Virgil Capital lost money on ether trades due to a bot.

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Bank Innovation

APRIL 2, 2018

EXCLUSIVE- Cryptocurrency is not having a great year. And while many institutions (including big banks) have distanced themselves from the phenomenon, roboadvisors in the country remain divided in their opinion on cryptocurrency as an investment. Take New York-based financial adviser Betterment, for instance.

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Bank Innovation

DECEMBER 19, 2017

Another cryptocurrency is reaching an all-time high. This morning, the cryptocurrency Litecoin reached $360.93, according to CoinMarketCap. It has a market capitalization of […]. It has a market capitalization of […]. Currently, at 10.45

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PYMNTS

DECEMBER 7, 2018

Coinbase, a platform that allows users to buy, sell and store cryptocurrency, said it is considering adding 30 new cryptocurrencies to its roster for trading, according to a report. Coinbase has ambitious plans for cryptocurrencies. This year, it added Ethereum Classic, 0x, USD Coin, Basic Attention Token and Zcash.

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Perficient

JUNE 30, 2022

Highlights From Federal Bank Regulators’ Joint Statement on Cryptocurrency Assets – Perficient Blogs. In 2022, FTX broke ground on its new headquarters in Nassau, the country’s capital. In April 2022, Nassau, the capital of the Bahamas, hosted the invitation-only Crypto Bahamas Conference. Crypto Conference.

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Payments Dive

FEBRUARY 26, 2025

Cryptocurrency-focused investment firms and organizations poured capital into the gift card company that says it focuses on “blockchain-powered payments.”

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PYMNTS

DECEMBER 9, 2020

There are currently more than 5,500 different cryptocurrencies in circulation, but the biggest name in the business — and often a metonym for the industry itself — is bitcoin. billion bitcoins in circulation, with a market capitalization of $117.81 The year 2020 saw 18.42 billion and an individual coin valued at $19,463 as of December.

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Chris Skinner

JUNE 25, 2019

Things we’re reading today include … Monzo now valued at more than £2 billion The new left economics: how a network of thinkers is transforming capitalism The FCA – a watchdog too nice and chummy to bark or bite Facebook’s Libra cryptocurrency faces questions from international regulators Flawed rules contributed … The post (..)

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PYMNTS

NOVEMBER 20, 2020

Chipper CEO Ham Serunjogi confirmed on Twitter the startup, which got its initial foothold in the market as a peer-to-peer (P2P) payments service, has just wrapped up a $30 million Series B round of venture capital. Ribbit Capital, a VC firm in the U.S. that focuses on early-stage firms, led the investment round. Stripe, the U.S.-based

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Chris Skinner

JULY 18, 2017

Now that it has burst, the interview seems quite prescient so, here it is … UBS interview with Chris Skinner Cryptocurrencies – digital currencies based on encryption – are in the midst of a bubble, but that should not overshadow the genuinely transformative change that is taking place within the financial services industry.

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PYMNTS

DECEMBER 28, 2020

Cryptocurrency lending platform Vauld raised $2 million to expand into full banking services, including issuing credit and debit cards and providing fiat and crypto order books, CoinDesk reported. The funding round was led by Pantera Capital and included Coinbase Ventures and LuneX Ventures. In other news, the U.S.

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PYMNTS

FEBRUARY 23, 2020

Binance , Nigeria’s cryptocurrency market, has seen sign-ups surge 50 percent so far in 2020. Nigeria has latched on to the cryptocurrency trend, boasting 35 million unbanked adults who possess mobile phones, the vast majority being women. Fraud has become a concern with cryptocurrency around the world.

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PYMNTS

NOVEMBER 23, 2020

Blockchain and digital currency investment firm Pantera Capital said in a report that after analyzing numbers from the cryptocurrency exchange iBit, it appears that PayPal and Cash App have bought almost 100 percent of all newly-issued bitcoins. PayPal is the biggest tech firm to accelerate its move into the cryptocurrency space.

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Bank Innovation

DECEMBER 19, 2017

Aside from the important events like record-level funding for fintechs across the globe, cryptocurrency mania, Coinbase entering the Unicorn club at a $1.56B valuation in the last quarter, there have been some […].

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Perficient

MAY 25, 2023

Promethium Ember Capital, (“PEC”), a wholly owned subsidiary of Promethium, has become the first digital asset custody provider to come under federal regulation. PEC was approved as a special purpose broker-dealer (“SPBD”) for digital asset securities. The significance of this is two-fold.

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PYMNTS

FEBRUARY 13, 2020

Wells Fargo Strategic Capital (WFSC) is backing the London-based blockchain analysis firm Elliptic with a $5 million investment, bringing the startup’s Series B round to $28 million, Elliptic announced in a press release on Thursday (Feb. WFSC joins existing investors SBI Group and Santander InnoVentures.

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Bank Innovation

APRIL 12, 2018

The price of bitcoin surged above $8,000 today for the first time in several weeks, a rise of more than 13% over the past 24 hours, prompting excitement in the cryptocurrency community. The combined market capitalization of all cryptocurrencies rose 16% over the same period.

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PYMNTS

NOVEMBER 8, 2018

Bitcoin-related revenues stood at $43 million through the Cash App (which allows users to buy and sell the cryptocurrency), up from $37 million in the second quarter. The latest growth marks a bit of deceleration from previous quarters, where GPV had been 30 percent or more, and the stock dipped slightly in after-hours trading.

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PYMNTS

JULY 13, 2020

Proposed amendments to existing bills want to classify cryptocurrencies as goods rather than currencies. ” But Sung Tae-yoon , an economist with Yonsei University, warned that taxing cryptocurrencies could slow the country’s tech markets.

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PYMNTS

FEBRUARY 10, 2020

that serves cryptocurrency businesses, multiple reports indicated on Monday (Feb. Businesses managing cryptocurrencies have had a tough time maintaining relationships with legacy banks because of the perception that bitcoin-type transactions are connected to criminal behavior.

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PYMNTS

AUGUST 23, 2019

It’s managed by the Commonwealth Bank of Australia ( CBA ), RBC Capital Markets ( RBC ) and TD Securities ( TD ). The tap is an important milestone in demonstrating the full life-cycle management of an issuer’s capital markets needs. Since the coin has no monetary value, it’s not an actual cryptocurrency.

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Bank Innovation

FEBRUARY 9, 2018

Coinsquare, a Canadian cryptocurrency exchange, has raised $30 million in equity financing in order to help expand its growth, the company announced today. The money will be used for new hires and for the implementation of a “diversification strategy” for its platform focused on customer needs, the company stated today in a press release.

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PYMNTS

JANUARY 27, 2019

Business for bitcoin ATM companies seems to be booming, with Coin ATM Radar estimating that there are now 4,213 cryptocurrency ATM machines around the globe, most only offering bitcoin. In other news, TurboTax has created a solution that allows users to import cryptocurrency transactions from Coinbase to TurboTax.

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Bank Innovation

MARCH 22, 2018

EXCLUSIVE— With cryptocurrencies losing their luster in the public — and the regulatory — eye, some in financial services still remain bullish on the currency even as its value falls. One such CEO is Jack Dorsey, who occupies that chair for both Twitter and Square.

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Bank Innovation

APRIL 25, 2018

Cryptocurrency startup MobileCoin has just raised $30 million for the expansion of its technology, which will link the startup’s cryptocurrency network into mobile messaging applications such as WhatsApp or Signal.

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PYMNTS

JANUARY 24, 2021

Cryptocurrency-related crime fell in 2020, according to a blog post from Chainalysis. Near 30 people in Kyodo, Japan have been charged for reportedly exchanging NEM cryptocurrency for other digital currencies, in spite of knowing the assets had been stolen, a report from The Mainichi says. In 2019, criminal activity constituted 2.1

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PYMNTS

MARCH 1, 2019

Facebook , Telegram and Signal are looking to launch their own cryptocurrencies that will allow users to send money internationally on their messaging systems. It’s pretty much the most fascinating thing happening in crypto right now,” said Eric Meltzer, co-founder of venture capital firm Primitive Ventures.

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Bank Innovation

JUNE 18, 2019

EBay today joined Uber, PayPal, Lyft and other tech heavyweights as an inaugural member of the Libra Association, the Switzerland-based organization that will oversee Facebook's cryptocurrency.

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PYMNTS

OCTOBER 3, 2017

Cryptocurrencies may have naysayers on Wall Street, but Goldman Sachs isn’t one of them, according to news from The Wall Street Journal. Citing people familiar with the matter, the Wall Street Journal reported that Goldman Sachs is mulling whether to launch a new trading business that is focused on bitcoin and other cryptocurrencies.

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PYMNTS

JULY 24, 2020

Revolut is also backed by Index Ventures, the global venture capital firm with dual headquarters in San Francisco and London, and a half dozen others. with an app and debit card, expanded into cryptocurrency trading with Paxos Trust Co., Last week, Revolut, which recently debuted in the U.S. the New York-based settlement platform.

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PYMNTS

DECEMBER 20, 2018

Adoption of cryptocurrency by large fund managers is being hurt by the difficulty cryptocurrency exchanges and traders located in Asia are having trying to get insurance to protect against hacks and theft. However, getting such coverage is almost impossible despite their best efforts.”.

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PYMNTS

OCTOBER 12, 2020

The round was led by Blockchain Capital, Standard Crypto, Blockchain.com Ventures and more. 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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