PYMNTS

NOVEMBER 4, 2020

The seizure stemmed from a cryptocurrency fraud scheme being investigated by Brazilian federal police called Operation Egypto. Cryptocurrency has become something of a go-to method for scammers , according to DOJ, as exchanges are often lightly regulated and there are no easy ways to follow the money.

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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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Bank Innovation

FEBRUARY 1, 2018

EXCLUSIVE – Payments might not be a substantial portion of social media platform Facebook’s revenues, but it is an important one — particularly as non-payment companies increasingly begin to launch payment capabilities for social media platforms such as Messenger.

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social media cryptocurrency Payments Report 225

PYMNTS

DECEMBER 26, 2019

Chinese technology company Tencent has announced it’s going to start researching cryptocurrency and its implications for an ongoing project in blockchain, according to reports. China has the largest number of internet users in the world, with over 800 million people online, but the country also has strict censorship policies.

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PYMNTS

JANUARY 1, 2021

As reported in this space , the DSA and DMA cover online marketplaces, social media and other platforms. The proposal also mandates more disclosure on "online advertising and on the algorithms used to recommend content to users.". In the nascent and burgeoning cryptocurrency space, the U.S. Beyond The Companies .

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Abrigo

FEBRUARY 28, 2025

Variations include: Pig butchering scams Scammers build relationships with victims through social media or dating apps, persuading them to invest in cryptocurrency or other financial opportunities. Investment schemes : Investment scams lure victims with promises of high returns and little to no risk, only to steal their money.

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PYMNTS

DECEMBER 17, 2020

As of this writing, and as noted by CNBC , the marquee name of cryptocurrency stands out as it touches fresh new highs of about $23,000, eclipsing the highs seen as far back as three years ago, when bitcoin approached $20,000. Ternio, of course, has linked with Visa as a cryptocurrency-focused enablement partner.

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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

OCTOBER 7, 2020

With transactions that become irreversible almost instantaneously, bitcoin and other cryptocurrencies are winning new converts — among scammers eager to avoid credit card chargebacks that can eat into their ill-gotten gains. So, use your credit card to buy cryptocurrency that you give a scammer and you might be stuck.

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PYMNTS

MAY 20, 2020

Blockchain-based lodging reservation platform Travala.com has unveiled a merger with TravelbyBit, a Binance-backed “cryptocurrency-friendly” flight reservation site, according to an announcement on Wednesday (May 20). ” The firms will cross-market each of their travel services as the initial step of the merger.

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PYMNTS

APRIL 11, 2019

Coinbase , the cryptocurrency exchange operator, announced Wednesday (April 10) the launch of the Coinbase Card in the U.K., said the Coinbase Card is funded by customers’ Coinbase account crypto balances, giving them the ability to pay in-store and online with bitcoin , ethereum, litecoin and other digital tokens.

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PYMNTS

OCTOBER 13, 2020

And, while terrorist use of cryptocurrency is still evolving, certain terrorist groups have solicited cryptocurrency donations running into the millions of dollars via online social media campaigns.”. billion of cryptocurrency reportedly was lost to theft or fraud – double that of the previous year.

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Bank Innovation

MARCH 2, 2018

The 16 registered cryptocurrency exchanges currently operating in Japan will soon form a self-regulating body, after a $530 million heist of digital coins in the region led to investor concerns, Reuters reported today.

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PYMNTS

DECEMBER 11, 2020

Of the more adventurous paths in global finance and the protection of it, cryptocurrencies and stablecoins getting attention as they heat up and blockchain lays out new digital-first rails. The zeal with which crooks are now targeting cryptocurrencies signals the need for additional layers of security.

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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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PYMNTS

MAY 3, 2019

Officials in Germany have shut down a covert illegal online marketplace and detained three men they say are responsible for leading the online trading platform, according to a report by Reuters. The men were captured after a joint operation, started in March, by the European Union’s Europol agency. Of that, $4.5

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PYMNTS

FEBRUARY 7, 2020

As noted in this space in 2019, Ripple Labs , which has been developing and deploying the XRP cryptocurrency, invested $50 million in MoneyGram, in an effort to develop cross-border payments functionality underpinned by blockchain. MoneyGram has, over the past several months, picked up significant investment from other companies.

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PYMNTS

DECEMBER 13, 2017

The commentary reflects the surging value of cryptocurrencies and how eager investors are to take part in the industry. survey last year that reported they trust their banks as payment providers, compared to 40 percent that trust their alternative online payment providers. 59 percent | Percentage of SMBs polled in a Visa U.K.

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Bitcoin cryptocurrency Data Survey 123

PYMNTS

OCTOBER 3, 2018

Coinbase , the cryptocurrency exchange operator, is nearing a deal that would give it a valuation of around $8 billion, reported Recode. With cryptocurrencies facing a steep decline in values this year, the core business at Coinbase has suffered. Some of the investment will be used to buy out some of its existing shareholders.

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PYMNTS

DECEMBER 29, 2020

Whether it’s simple online purchases or banking, or more complex areas like cryptocurrency or money laundering, Trevor Wingert , a senior know your customer (KYC) and anti-fraud solutions consultant for GeoGuard , told PYMNTS that rapidly changing use cases and technology highlight gaps in the current security approaches being used. “So

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PYMNTS

JANUARY 21, 2021

The platform in question, according to the release, will also help with things like simplifying IT infrastructure and lowering operating costs. Raj Chowdhury , CEO of HashCash Consultants, said the platform was intended to "help reduce processing time through instant settlements and safe, online exchange of documents.".

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PYMNTS

AUGUST 5, 2020

Coinstar now owns and operates more than 22,000 kiosks across nine countries and recycles roughly $3 billion in coins annually worldwide ($2.7 In fact, our bitcoin sales on our machines have increased dramatically week over week for the last 10 to 12 weeks,” amid an online and in-store advertising boost. billion in the U.S.

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PYMNTS

AUGUST 23, 2019

One common criticism of bitcoin and other cryptocurrencies is that — beyond the wild price swings and uncertain regulatory climate — the digital coins are not widely accepted by merchants on any grand scale. In simple terms, SPEDN processes transactions made with cryptocurrencies such as bitcoin, Ethereum and Litecoin, among others.

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PYMNTS

DECEMBER 8, 2020

Many of these processes had begun to shift to digital channels within the past several years, however, and the health crisis has caused the online shift to pick up steam at an incredible pace. Despite these digital developments, there are still hurdles that banks and other financial firms must overcome.

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PYMNTS

DECEMBER 6, 2020

Some Chinese shoppers visiting an established online mall will be able to buy goods with the country's first official digital currency under a new trial announced over the weekend, Reuters and other wire services reported. The digital yuan is not a cryptocurrency, but a digital version of the official yuan.

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United States Retail cryptocurrency Online 189

PYMNTS

DECEMBER 17, 2018

13), Bill.com said in its report, “ The Rise of Modern Business Payments ,” that accounting professionals now point to ACH payments as the dominant way they pay their corporate bills, with 73 percent noting that they use ACH payments and online banking to pay their clients’ invoices. In an announcement on Thursday (Dec.

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Bank Innovation

JUNE 17, 2016

Early this morning, cryptocurrency exchange operators got urgent orders to halt trading activity on ethers, the cryptocurrency behind the blockchain platform Ethereum. This morning, the US woke up to a financial meltdown. But not the kind you’d expect. The reason: nearly $60 million of ethers were hack (i.e.

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Bank Innovation

MARCH 17, 2016

A lot has happened in the bitcoin multiverse this week, some seemingly positive for the embattled cryptocurrency, some decidedly negative.

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PYMNTS

JUNE 20, 2019

News of the launch of Facebook cryptocurrency Libra has highlighted how the U.S. Powell also said that regulators have jurisdiction to enforce anti-money laundering regulations on business that operate within the digital sphere. “We Facebook said the coin is meant to facilitate online payments for the unbanked population of the world.

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PYMNTS

JULY 14, 2019

Just days before the Facebook Libra hearings, a draft bill to limit “ Big Tech ’s” entry into finance and crypto has surfaced online. Talk of new bitcoin rules started surfacing earlier in July with the Internal Revenue Service’s announcement that it is planning updates to its 2014 guidance on cryptocurrencies, reports indicate.

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cryptocurrency Bitcoin Regulation Report 157

Bank Innovation

JANUARY 2, 2019

Then there is also the possible revival of older trends (hint: cryptocurrency could be […]. The seed for some trends like voice banking and contactless payments were already planted last year, while others such like core overhauls went relatively untouched last year.

Trends 218

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PYMNTS

SEPTEMBER 26, 2019

has created a global cryptocurrency (ASK) that enables consumer engagement. The Permission Marketplace operates like other major eCommerce platforms, connecting users with products from major retailers. As a deep technology company with extensive intellectual property, including nine U.S. database-optimization patents, Permission.io

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PYMNTS

JULY 6, 2020

Travala.com , the Binance-backed online trading agency, will be allowing travel bookings through Expedia paid for in cryptocurrency for the first time since 2018, according to CoinDesk. In other news, a subsidiary of cryptocurrency exchange Kraken in the U.K.

Bitcoin 169

Bitcoin cryptocurrency blockchain Regulation 169

Bank Innovation

APRIL 3, 2018

The money, as previously mentioned by the startup, will go towards expanding its international operations. BitPay, a blockchain payments company, closed a Series B of $40 million yesterday, the company announced. The first stop for this expansion will be Asia.

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The Paypers

JULY 31, 2023

HAYVN Pay , a regulated cryptocurrency payment solution, has announced a partnership with CrossBet , a regulated online betting operator in Australia.

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cryptocurrency Payments Regulation Operations 69

PYMNTS

DECEMBER 18, 2019

Industries that operate solely online are some of the most vulnerable to fraud, including that of online travel. Cryptocurrency is a popular target for cyberattacks. billion of cryptocurrency during Q3 2019, a year-over-year increase of 159 percent. Developments From Around The World Of Digital Fraud.

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PYMNTS

JUNE 26, 2020

The Hong Kong-based payments and cryptocurrency platform said it is refunding 100 percent of customer funds after the Financial Conduct Authority (FCA) suspended Wirecard’s operations. TenX, the London-based cryptocurrency payment platform, is also a Wirecard issuer. All funds will be refunded in the next 48 hours.

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