Most People Don’t Know What Cryptocurrencies Are
Bank Innovation
JANUARY 8, 2018
Sure, cryptocurrency and bitcoin might seem like the talk of the town, but a recent survey found that most people don’t even know what a digital currency is.
This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Bank Innovation
JANUARY 8, 2018
Sure, cryptocurrency and bitcoin might seem like the talk of the town, but a recent survey found that most people don’t even know what a digital currency is.
Abrigo
JUNE 3, 2021
Cryptocurrency continues gaining traction. As the cryptocurrency industry continues to expand, financial institutions must remain vigilant to thwart cybercriminals. Takeaway 1 The cryptocurrency industry has expanded quickly. What's going on in cryptocurrency? Cryptocurrency industry expands quickly. Risks ahead.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
PYMNTS
SEPTEMBER 13, 2020
Europe's biggest banks have called on the European Commission to implement tough regulations for cryptocurrencies, such as stablecoins, that would protect consumers and preserve state sovereignty in monetary policy, Reuters reported. In a joint statement Friday (Sept. The association declined to comment, Reuters reported.
Bank Innovation
SEPTEMBER 21, 2017
China has reportedly banned all bitcoin executives from leaving its borders as part of the country’s crackdown on its cryptocurrency industry. Though these reports named bitcoin executives in particular, some see the move as the onset of a larger “war” between governments everywhere and all cryptocurrencies.
Speaker: Ryan McInerny, CAMS, FRM, MSBA - Principal, Product Strategy
Cryptocurrency and non-fungible tokens (NFTs) - what are they and why should you care? With 20% of Americans owning cryptocurrencies, speaking "fluent crypto" in the financial sector ensures you are prepared to discuss growth and risk management strategies when the topic arises.
Chris Skinner
MAY 19, 2019
I’m writing more and more about Facebook launching its own cryptocurrency lately: Will Facebook become the world’s central bank? April 2019) This is because they are getting serious about payments and blockchain, after a variety of reports that they … The post If Facebook launch a cryptocurrency, will US government shut it down?
PYMNTS
AUGUST 21, 2020
More than $50 billion of cryptocurrency was transferred from virtual wallets in China to other parts of the world last year, a potential violation of the nation’s strict limits on how much money can be sent abroad, according to a new report. Cryptocurrency could be picking up some of the slack.” .
Chris Skinner
FEBRUARY 17, 2019
Falsely labelled a cryptocurrency, loads of headlines emerged about JPM killing XRP, the currency of Ripple. Here’s a decent piece of … The post Is JPMCoin a cryptocurrency and what should SWIFT do about it? appeared first on Chris Skinner's blog.
Perficient
MAY 27, 2022
However, in this blog, we will discuss the regulatory landscape surrounding cryptocurrency from an asset manager or fund manager perspective. For those wanting to start their own cryptocurrency fund, it’s important to be well informed about cryptocurrency regulations. Central Bank Digital Currency (CBDC) ).
Payments Dive
JUNE 28, 2019
Cryptocurrency and blockchain technology are now mainstream. If you still doubt this fact, then take a look at Facebook, which has formally announced its entry into the cryptocurrency space.
Chris Skinner
JUNE 18, 2018
I couldn’t ignore this and neither should you so here’s a … The post Cryptocurrencies Fail The BIS Test (bitcoinistas aren’t going to like this) appeared first on Chris Skinner's blog.
Payments Dive
MARCH 16, 2018
While most consumers today likely view bitcoin, bitcoin cash and alternatives such as Ethereum and Litecoin as assets, some payments companies in the past couple of months have announced plans for consumers to more easily use cryptocurrencies as payment, and merchants to accept them.
PYMNTS
NOVEMBER 10, 2020
PayPal is opening its network to allow consumers to shop using cryptocurrency. In the meantime, as central banks look toward a rough timeframe of 2025 to get up and running with digital fiat, McCarthy said that over the short term we’ll see more practical use cases leveraging cryptocurrencies — especially in the business-to-business space.
Perficient
JANUARY 4, 2022
Cryptocurrencies, such as Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Polkadot, and many more, are taking the investment world by storm. According to CoinGecko, the cryptocurrency market is worth more than $2.35 Cryptocurrencies are volatile – they often fluctuate as much as 10 percent per day. Bank of New York Mellon.
Perficient
NOVEMBER 30, 2021
Recognizing that regulated and non-regulated financial institutions seek to engage in cryptocurrency and crypto asset activities, the three largest federal bank regulators, the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, recently issued a joint statement on crypto assets.
Chris Skinner
SEPTEMBER 17, 2018
The report is focused upon how blockchain is changing the financial services markets around the world, with the aim of establishing the position of major financial institutions with regards to cryptocurrencies and the use of blockchain … The post A third of banks expect to hold cryptocurrencies on their balance sheets appeared first on Chris (..)
PYMNTS
DECEMBER 8, 2020
The latest arena for money laundering is through cryptocurrency , a burgeoning market expected to be valued at $1.4 Experts estimate that cryptocurrency-related crimes totaled $4.3 billion in laundered money , with this problem only expected to grow as cryptocurrencies grow more popular. billion by 2024.
PYMNTS
JANUARY 11, 2021
CNBC reported that bitcoin (BTC), the largest cryptocurrency by market capitalization, fell over 12 percent from a day earlier, to as low as $30,863. According to Coinmarketcap, the overall value of the cryptocurrency market — or market cap —was $880 billion Monday morning, down from $1.08 Then, on Monday (Jan. Last week (Jan.
PYMNTS
JANUARY 26, 2021
But step beyond bitcoin and enter the world of cryptocurrencies approaching mainstream acceptance. They may have their own cryptocurrency, they may have their own solution, be it healthcare, rewards or rebates, or other opportunities. Bitcoin gets all the headlines. They have some ideas of what they want to do,” Johnson said.
PYMNTS
SEPTEMBER 11, 2020
The United States may have some of the world's best cryptographers working for the National Security Agency and other spy shops, but the Internal Revenue Service (IRS) is crowdsourcing at least part of its effort to beat the algorithms that cloak information about certain cryptocurrencies. Even the U.S.
PYMNTS
JUNE 25, 2020
It will be easier for New York cryptocurrency businesses to launch in New York, thanks to a plan by regulators that would ease licensing rules. The existing licensee would provide the startup with the operational, staffing, and other support until it can obtain a full DFS virtual currency license.
PYMNTS
DECEMBER 10, 2020
Cryptocurrency is one of the fastest-moving industries in the digital world, with a market that was valued at $1.03 Bitcoin is one of the most famous names in the cryptocurrency space, accounting for $6 billion in daily transactions among 153 million registered user addresses. Cryptocurrency-related crimes totaled $4.3
PYMNTS
JUNE 25, 2020
In today’s top news, Wirecard files for insolvency, and New York proposes easing regulations for cryptocurrency licenses. New York To Ease Cryptocurrency Regulations. The New York State Department of Financial Services (DFS) has proposed a conditional licensing framework that promises to make it easier for cryptocurrency startups.
Payments Dive
MAY 14, 2024
The retailer will add terminals to 3,000 of its Speedway locations and test services like cryptocurrency purchases with ATM solution provider FCTI.
Payments Dive
FEBRUARY 15, 2021
Virginia-based Blue Ridge Bank is partnering with ATM operator BluePoint ATM Solutions and Bitcoin ATM software provider LibertyX to facilitate access to the cryptocurrency. This announcement comes as banks and regulators appear to be warming to digital assets, and as Bitcoin continues to gain value and attention.
Perficient
MAY 17, 2022
Given the high amount of activity and growth surrounding fintech in the UK, Glen has considerable knowledge regarding the country’s action plan for implementing cryptocurrency regulatory frameworks.
Payments Dive
JULY 11, 2024
The May theft of over $300 million worth of bitcoin from Japanese cryptocurrency exchange DMM Bitcoin is the largest digital currency heist so far this year.
Payments Dive
APRIL 8, 2022
billion acquisition of cryptocurrency payments firm Wyre, Bolt aims to bring crypto front and center within its online checkout capabilities and digital wallet. With the $1.5 Crypto "will be a major part of Bolt’s strategy going forward," said CEO Maju Kuruvilla.
Payments Dive
OCTOBER 24, 2023
A pair of House bills would help the industry gain clarity, scale digital asset products and promote financial inclusion, cryptocurrency stakeholders said Sunday on a panel at Money20/20.
Payments Dive
AUGUST 4, 2022
More brands have entered the cryptocurrency and NFT markets despite signs of declining consumer interest.
CFPB Monitor
AUGUST 7, 2023
To understand the regulatory requirements for cryptocurrency, one must first ask the question what is money.
PYMNTS
JANUARY 7, 2021
Bitcoin hit more than $37,700, a new record high that helped drive the cryptocurrency market beyond $1 trillion, CNBC reported on Thursday (Jan. Since the start of 2021, the cryptocurrency market is up 29 percent, and in the past 12 months, it is more than 380 percent higher. 7), citing data from CoinDesk and CoinMarketCap.
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.
Payments Dive
MAY 24, 2022
CEO Frédéric Arnault suggested cryptocurrency fluctuations are a risk companies will need to take on if they allow this form of payment.
Payments Dive
APRIL 6, 2022
As cryptocurrency adoption grows worldwide, many Americans are increasingly interested in it, according to several new surveys. However, many consumers acknowledge they still don’t fully understand cryptocurrencies.
PYMNTS
JUNE 22, 2020
PayPal will offer direct cryptocurrency sales for customers, CoinDesk reports. It is not known yet which cryptocurrencies will be supported, but one of the sources CoinDesk talked to said it would likely include multiple different exchanges. European and Canadian Coinbase users gained the option to withdraw to PayPal last year.
PYMNTS
SEPTEMBER 22, 2020
The regulator of the nation’s banks has issued its first guidance on stablecoins , the cryptocurrency backed by traditional currency. . In July, the OCC announced that providing cryptocurrency custody services, including holding cryptographic keys, is a contemporary form of traditional bank activities.
Chris Skinner
JUNE 16, 2017
From Wikipedia: “An initial coin offering (ICO) is a means of crowdfunding the release of a new cryptocurrency. Generally, tokens for the new cryptocurrency are sold to raise money for technical development before the cryptocurrency is released. And unlike an IPO, there is little or no government regulation of an ICO.
Payments Dive
JULY 8, 2022
Retailers Pacsun and American Eagle Outfitters have similar target audiences but are approaching the rising popularity of digital currency differently.
PYMNTS
JANUARY 5, 2021
Trading volumes on cryptocurrency exchanges have been doing extraordinarily well this week, hitting a new record volume of $68.3 Ethereum, the second-biggest cryptocurrency, which usually rises at the same time as bitcoin, also hit its highest level on Monday since 2018, with a $1,170 value, Reuters reported. billion, Reuters reported.
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
PYMNTS
SEPTEMBER 29, 2020
New payment rails are once again in the spotlight as real-time payments and cryptocurrency emerge as the top focuses for innovators. The European Union has become the latest jurisdiction to pave the way for cryptocurrency adoption. European Union Next To Ease Crypto Adoption. Many more made contactless payments.
Bank Innovation
NOVEMBER 7, 2017
EXCLUSIVE- With mobile banking, artificial intelligence, cryptocurrency, and other modern banking tools on the rise, the emergence of new players in the fintech space is a daily occurrence With that in mind, here are five startups to keep an eye on this week: Templum ICOs, or Initial Coin Offerings, are growing more and more popular […].
PYMNTS
OCTOBER 8, 2020
The Bank of Korea has indicated that it intends to start experimenting with distribution of its cryptocurrency next year. As of now, the Junior’s Goals function is available to every Revolut Premium and Metal user in the United States and the European Economic Area. Bank Of Korea To Begin Testing Distribution Of Digital Currency.
Expert insights. Personalized for you.
We have resent the email to
Are you sure you want to cancel your subscriptions?
Let's personalize your content