PYMNTS

DECEMBER 24, 2020

If 2020 taught us anything about cryptocurrencies, it’s that they’ve reached a tipping point. Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies.

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PYMNTS

NOVEMBER 12, 2018

According to The Next Web , hours after moving all raised funds out of its wallet, the company shut down its website, deleted its social media accounts and kicked all users off its chat group. Over the past two years, exit scammers have stolen more than $100 million worth of cryptocurrency.

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Marketing cryptocurrency social media blockchain 179

PYMNTS

AUGUST 23, 2018

The Chinese government has a complicated relationship with cryptocurrency: While it seems to be enthusiastic about the applications of blockchain technology, the country has banned initial coin offerings (ICOs) and blocked crypto trading sites.

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social media cryptocurrency blockchain Technology 100

PYMNTS

JANUARY 1, 2021

Indian FinTech Cashaa and the country's United Multistate Credit Cooperative Society teamed up to launch what they say is the world's first cryptocurrency bank branch through a joint-venture bank called Unicas, according to a release. The operation also will provide traditional banking services, according to the backers.

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Miami Bitcoin cryptocurrency Florida 201

PYMNTS

JUNE 25, 2019

The House Financial Services Committee has scheduled hearings about the proposed merger between BB&T and SunTrust Banks, as well as the Facebook-planned cryptocurrency Libra. According to American Banker , the committee will meet July 17 to examine Facebook’s proposed cryptocurrency and its impact on consumers, investors, and the U.S.

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cryptocurrency social media Regulation Meeting 166

PYMNTS

SEPTEMBER 16, 2019

Calibra CEO David Marcus, who’s heading up the organization pushing the proposed Facebook cryptocurrency Libra, has taken to social media to dispel the idea that the crypto is a danger to the status quo of the global economy, according to reports. . Money, he said, will “strictly remain the province of sovereign Nations.”.

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social media National Regulation Payments 156

PYMNTS

NOVEMBER 25, 2020

CryptoQuant CEO Ki Young Ju said on social media that the resumption of the withdrawal service could lead to pricing volatility, and CryptoQuant data indicates that OKEx has been experimenting with opening its withdraw infrastructure again. 27 Hong Kong Standard Time date as noted in the past.

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Taxes US Report social media 243

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. And, the U.S.

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TheGuardian

SEPTEMBER 22, 2021

UK Finance said fraudsters had capitalised on the coronavirus pandemic, with criminals targeting children as young as 14 via social media to become money mules.

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PYMNTS

AUGUST 18, 2019

During an upcoming visit to Switzerland , American lawmakers plan to discuss Facebook’s proposed cryptocurrency, Libra. Waters has been a vocal critic of the social media giant’s plans for its own digital currency. A group of six lawmakers, led by Rep. Last month she — along with Reps. “It Soon after, the U.S.

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US social media Policies cryptocurrency 173

PYMNTS

JUNE 24, 2019

Amid the announcement of a new cryptocurrency – that would be Libra – the Financial Action Task Force (FATF), which operates as global regulatory firm based in Paris with a membership roster of countries such as China and the United States, has said it will boost its examination of digital currencies with an eye on money laundering.

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Regulation social media cryptocurrency United States 129

PYMNTS

SEPTEMBER 8, 2019

Japan ’s LINE has been approved for a cryptocurrency business license in the country, allowing it to offer its crypto exchange services in Japan. LINE will reportedly offer two tokens — LINE Point in Japan and LINK for other nations — to connect users and service providers. 6 in the name of LVC Corp.,

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Bitcoin blockchain social media US 149

PYMNTS

SEPTEMBER 29, 2020

In a report, the Financial Intelligence Unit said that firms registered in other nations and led by eResidents have participated in “a few large-scale exit scams," Bloomberg reported. Approximately 70,000 virtual IDs have been provided to eResidents from 174 nations. Estonia is a country of 1.3

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Bitcoin social media National Report 193

PYMNTS

APRIL 24, 2020

The pilot was announced at a promotional event on Wednesday (April 22) that was organized by the National Development and Reform Commission and was attended by representatives from Tencent and Alipay, the Industrial and Commercial Bank of China, the Agricultural Bank of China, the Bank of China and the China Construction Bank.

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PYMNTS

SEPTEMBER 12, 2018

The Alibaba /China presence in blockchain patents shows a further bifurcation in the country’s approach to digital efforts, such as cryptocurrencies and blockchain. As has been well-documented in this space, the damper on activity tied to cryptos has extended to social media. Yet, blockchain remains an area of interest.

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blockchain Puerto Rico social media Innovation 201

PYMNTS

JUNE 20, 2019

Federal Reserve Chairman Jerome Powell revealed that Facebook has spoken to the central bank about its upcoming cryptocurrency, called Libra. With the announcement that it plans to create a cryptocurrency, Facebook is continuing its unchecked expansion and extending its reach into the lives of its users,” she said.

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PYMNTS

SEPTEMBER 24, 2019

Bank of Japan Head Haruhiko Kuroda spoke to business leaders in Osaka about the importance of having a coordinated global plan to regulate Libra and other cryptocurrencies, Reuters reported on Tuesday (Sept. The creation of money will “strictly remain the province of sovereign nations,” CoinTelegraph reported.

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Regulation social media cryptocurrency Policies 108

PYMNTS

JANUARY 30, 2018

29), the SEC’s complaint states that AriseBank “used social media, a celebrity endorsement and other wide dissemination tactics to raise what it claims to be $600 million of its $1 billion goal in just two months.” In addition, the agency was able to freeze the company’s assets and those of its two co-founders, CNBC reported.

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Texas social media FDIC cryptocurrency 111

PYMNTS

JULY 9, 2019

The social media giant explained that Libra will be linked to different fiat currencies and government bonds. Every contributing firm or venture capitalist taking part in the project will invest about $10 million in a consortium that will be used to govern the Libra coin.

United States 161

United States social media Policies National 161

PYMNTS

SEPTEMBER 18, 2019

about the proposed cryptocurrency, according to Reuters. . Facebook met the Financial Conduct Authority (FCA) on April 25, as well as officials who are in charge of cryptocurrency policy a day before that, according to the news outlet. 16), Marcus wrote a Twitter thread called “About monetary sovereignty of Nations vs. Libra.”.

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social media cryptocurrency Regulation United States 100

Independent Banker

OCTOBER 31, 2022

ICBA chairman Brad Bolton showed examples of ICBA bankers on social media. LEAD FWD is the only national leadership conference specifically for community bankers. LEAD FWD attendees had the opportunity to learn about cryptocurrency, employee engagement and more.

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PYMNTS

NOVEMBER 15, 2019

German cryptocurrency company Karatbars has been ordered to stop doing business after being accused of running a pyramid scheme. Website DECPAPI.com spotlighted an API with a countdown that showed the national stablecoin would launch on November 20. And the U.S.

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DC social media Bitcoin cryptocurrency 100

PYMNTS

JULY 27, 2018

Twitter executives warned that monthly active users have been cut by about three million as the social media platform moved to purge spam and dormant accounts, curb abuse on the system and comply with new privacy regulations. Google has banned apps that mine cryptocurrency in the back of a user’s device. The report by the U.S.

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San Francisco Google social media cryptocurrency 101

PYMNTS

FEBRUARY 23, 2019

The magic that makes it happen is the social media part of the Venmo platform, which allows users to list a live feed of their transactions in an easily digestible, scrollable, emoji-filled form. The last few months have been tough for bitcoin enthusiasts, who have watched the cryptocurrency bleed value for over a year at this point.

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Bitcoin social media cryptocurrency San Diego 178

PYMNTS

MARCH 23, 2020

Draper noted in a social media post that the recent reversal of the Reserve Bank of India prohibition on banks supplying digital currency firms with financial services would power a renaissance for the crypto industry in the nation.

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Bitcoin social media Security blockchain 132

PYMNTS

JULY 1, 2019

The post even included a made-up quote from the crown prince, saying that trading platform is “my way of giving back to the people,” according to The National. It is unknown how many people were tricked by the scam, but before Facebook took it down, the post had more than 37,000 social reactions, 8,100 comments and nearly 5,000 shares.

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Bitcoin blockchain social media New York 100

PYMNTS

JANUARY 31, 2018

For years, throughout the volatility of cryptocurrency values, some industry experts have assured investors and innovators that blockchain is the disruptor in which the market should place its faith. But the company’s website — and all social media accounts — suddenly disappeared, as did the money investors placed in the company.

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blockchain Bitcoin cryptocurrency New York 124

PYMNTS

APRIL 13, 2018

According to TuoiTreNews , four Vietnamese nationals were behind the company. million ICO, the organization’s site went dark — as did its social media accounts, The Next Web had reported. The organization had offered bonuses to users who brought others to the platform. But, last month, they left their offices and disappeared.

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PYMNTS

JUNE 21, 2019

The dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level. Or does it?

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Fraud social media cryptocurrency National 101

PYMNTS

OCTOBER 29, 2019

In other news, one Congressional official believes that China’s central bank will become the first to issue its own national digital currency. “I As for Facebook’s Libra, Qifan doesn’t have high hopes for the social media giant’s crypto plans. “I I personally don’t believe Libra will succeed,” he said.

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Bitcoin blockchain social media America 102

PYMNTS

JULY 23, 2019

Facebook’s David Marcus was grilled and the cryptocurrency was criticized in hearings with the Senate Banking Committee on July 16, and by the House Financial Services Committee on the following day. For those who missed it, PYMNTS published a recap of Libra’s week in Washington.).

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CFPB Monitor

JULY 19, 2022

On July 13, 2022, the House Committee on Oversight and Reform, Subcommittee on National Security held a hearing entitled “Protecting Military Servicemembers and Veterans from Financial Scams and Fraud.” A recording of the hearing is available here. .

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Fraud National Security social media 78

PYMNTS

FEBRUARY 14, 2018

We all know the classics, of course, flowers, chocolates and jewelry tend to make up the love trifecta on our national annual celebration of love, with stuffed animals and lingerie getting the annual honorable mention. ” So how small is that percentage? “People with different computers will obviously get different results.

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Apple Bitcoin Payments social media 117

PYMNTS

OCTOBER 13, 2017

The first 3,000 of those new moderators were announced last spring, in the days and weeks that followed a rash of suicides that were posted on the social media site. “If Cryptos: Add Russia to the mix of nations saying “nyet” to the Wild West of cryptocurrency speculation. companies or buy them outright.

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Las Vegas Lending cryptocurrency social media 116

PYMNTS

JULY 7, 2017

But for now … 14 billion visits to online retailers in the past year, from May 2016 to May 2017, and 14 million visits via social media mentions is nothing to sneeze at, speaking to wide recognition of the lure of the devices. One wonders where that tipping point toward true ubiquity might lie, and what might be the tipping event.

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Bitcoin Google social media cryptocurrency 100

Qudos Bank

FEBRUARY 15, 2024

While dating apps, social media networks and gaming apps are great to connect with like-minded people, they could also put you at risk of connecting with a scammer that will manipulate you for money. Latest Stats According to Scamwatch 1 , from January 2023 to November 2023: Australians reported 280,240 scam events for a total of $455.5

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social media Case Study Online Video 52

Gonzobanker

DECEMBER 14, 2023

Honorable Mentions – while this was a quiet year for M&A, we tip our hat to Atlantic Union’s acquisition of American National Bank and Eastern Bank’s acquisition of Cambridge Bank. Expect more deals to be announced in 2024. Merger of Equals Deal of the Year (Bank) – Burke & Herbert Financial Services Corp.

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Fintech Community Regional Technology 191