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.

cryptocurrency 206

cryptocurrency United States social media Regulation 206

PYMNTS

MAY 24, 2019

According to the report , the social media giant is looking to begin testing its own cryptocurrency, “which has been referred to internally as GlobalCoin, by the end of this year.” That talk reportedly involved discussion of “the opportunities and risks involved” in launching the cryptocurrency. Social gaming.

social media 134

social media Payments cryptocurrency Report 134

PYMNTS

JULY 16, 2019

Treasury Secretary Steven Mnuchin believes that Facebook’s proposed cryptocurrency could pose as a national security threat. Mnuchin added that the Treasury has informed Facebook, as well as other cryptocurrency users, that they need to implement the same anti-money-laundering and counter-terrorism safeguards as other financial institutions.

National 187

National Security cryptocurrency US 187

PYMNTS

SEPTEMBER 5, 2019

In China, the central bank will debut a state-backed cryptocurrency that initially will be issued to seven institutions in that country, Forbes reported this week. A separate source told the publication that an eighth firm, unidentified, might also be tapped to receive the cryptocurrency, which could debut in time for China’s Nov.

cryptocurrency 245

cryptocurrency Policies social media United States 245

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.

Miami 201

Miami Bitcoin cryptocurrency Florida 201

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.

Bitcoin 258

Bitcoin cryptocurrency Course Boston 258

PYMNTS

JUNE 2, 2019

North Korean hackers have targeted South Korean cryptocurrency exchange UpBit. In other news, Coinbase has announced that president and chief operating officer Asiff Hirji is leaving the company. There are also reports that Tina Bhatnagar, Coinbase’s current vice president of operations and technology, is leaving.

social media 119

social media Bitcoin cryptocurrency blockchain 119

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.

Regulation 129

Regulation social media cryptocurrency United States 129

PYMNTS

FEBRUARY 16, 2020

Binance Holdings has applied for an operating license in Singapore under the country’s new payments legislation, which aims to be a comprehensive regulatory agency for digital currencies. Blockchain-based social media platform Steemit has partnered with the Tron foundation to bring users to Tron.

Bitcoin 168

Bitcoin Colorado Google Denver 168

PYMNTS

JUNE 20, 2019

Facebook’s Libra cryptocurrency and Calibra digital wallet won’t be available in certain markets. The social media giant shared its plans for both projects, which aim to transform financial services worldwide by empowering the more than 1.7 billion people around the world who currently do not have a bank account.

Marketing 108

Marketing cryptocurrency social media United States 108

PYMNTS

JUNE 27, 2019

The head of Germany’s Federal Cartel Office said on Thursday (June 27) that cryptocurrency backed by large tech companies could be put under a microscope by antitrust regulators, according to a report by Reuters. The news came in response to Facebook’s announcement that it was planning to release a cryptocurrency of its own, called Libra.

Regulation 108

Regulation cryptocurrency social media Data 108

PYMNTS

SEPTEMBER 11, 2019

Cryptocurrencies tend to be exceptionally vulnerable to this form of attack, as coins are often heavily concentrated in the hands of a comparatively small number of individuals, whose market activities can dramatically impact the coin price,” noted the An.Chain researchers, according to Coin Telegraph. Never use @BitPay, folks.

blockchain 119

blockchain Company Bitcoin social media 119

PYMNTS

AUGUST 13, 2019

The Australian Competition and Consumer Commission (ACCC) revealed that many of the scams use social media platforms, fake celebrity endorsements or online trading platforms attract prospective investors. And crypto scammers stole a record $14.76 million from Australians between January and July this year.

Operations 115

Operations social media Bitcoin Security 115

PYMNTS

MARCH 16, 2018

Those who claim that all cryptocurrencies are a pyramid scheme haven’t seen anything yet. On March 16, 2018, a federal court cracked down on four individuals behind a cryptocurrency pyramid scheme. To generate revenue, participants had to recruit other new participants who would also pay the enrollment fee in cryptocurrency.

Bitcoin 100

Bitcoin cryptocurrency social media Florida 100

PYMNTS

JUNE 20, 2019

Bank of England (BOE) Governor Mark Carney said Facebook’s newly-announced cryptocurrency, Libra, can’t be the same unregulated type of service that Facebook is, according to a report by Reuters. Unlike social media … the terms of engagement for innovations such as Libra must be adopted in advance of any launch.”.

Regulation 116

Regulation social media cryptocurrency Capital 116

PYMNTS

SEPTEMBER 11, 2019

Cryptocurrencies — Facebook’s Libra included — face at least some new headwinds as they target a mainstream embrace. It should be noted here, too, that the social media giant has tried to make the leap into financial services before. In reference to the regulatory climate, don’t expect it to ease anytime soon.

social media 116

social media cryptocurrency Regulation United States 116

PYMNTS

MARCH 8, 2018

The price of the marquee name in cryptocurrencies dipped as low as $9,450 in intraday trading when the Securities and Exchange Commission (SEC) announced there were “potentially unlawful” systems operating that allow the trading of cryptocurrencies. The cryptocurrency dropped to $189, which is the lowest it has been since Feb.

Bitcoin 101

Bitcoin Wyoming cryptocurrency social media 101

Bobsguide

AUGUST 25, 2022

Located in Melbourne, Victoria, the US$100 million centre will be one of the largest in the world when operational. It is a social platform that combines aspects from online gaming, virtual reality, augmented reality, social media and cryptocurrencies. Developing a new interactive world.

US 88

US social media cryptocurrency Technology 88

PYMNTS

JUNE 16, 2019

CoinDesk spoke to seven knowledgeable sources about GlobalCoin, also known as Project Libra, revealing that the project’s software has been delayed because of potential blockchain partners’ reluctance to work on something that doesn’t appear to be a true cryptocurrency. They are creating an anti-competitive moat,” Zehavi said. “It

Data 116

Data blockchain social media cryptocurrency 116

PYMNTS

AUGUST 13, 2019

The August Faster Payments Tracker details this new development, as well as other major developments hitting the world stage, from SWIFT’s instant cros s-border payments trial to Facebook’s cryptocurrency foray. Around the Faster Payments World.

cryptocurrency 155

cryptocurrency social media System Payments 155

PYMNTS

APRIL 2, 2018

Cryptocurrencies continued to dip on the heels of various regulatory actions focused on trading activities and exchanges. As of the end of the week, at least one firm, Mattervest, said it had shuttered operations. Although the firms had advertised across social media, none of them had registered to offer or sell securities.

United States 110

United States social media Arizona cryptocurrency 110

PYMNTS

MAY 16, 2018

At least one thing is clear about Facebook ’s new interest in blockchain: It will help the social media giant keep up with the Joneses. According to Facebook observers this week, a natural place to test such payments would be the social media company’s Messenger and WhatsApp tools. “Could it be? Yes, longer term.

blockchain 101

blockchain social media San Francisco Google 101

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.

San Francisco 101

San Francisco Google social media cryptocurrency 101

PYMNTS

JUNE 27, 2019

Along with announcing its planned cryptocurrency, Libra, the social media giant revealed that it will create Calibra so users can store and exchange the currency using Facebook apps. You can imagine things like credit,” said Kevin Weil, vice president of product at Calibra, according to CNBC.

social media 116

social media Regulation cryptocurrency Security 116

PYMNTS

APRIL 30, 2019

Billionaire Michael Novogratz’s cryptocurrency investment firm lost $272.7 million during its first year of operations. In addition, over 80 percent of victims were contacted through the internet via social media, forums, or email. Galaxy Digital Holding revealed that it had $249.1 The decrease was mainly due to $48.7

Bitcoin 100

Bitcoin Company social media cryptocurrency 100

PYMNTS

DECEMBER 9, 2019

The scammers sought victims through social media, and told them that investments would grow as much as 3 percent to 4 percent every day. HBUS , a company that operates crypto trading platform Huobi Global , has ceased operations in the U.S. The company announced the news in a tweet on Monday (Dec.

Bitcoin 135

Bitcoin blockchain social media Operations 135

PYMNTS

JULY 1, 2019

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. In addition, the government said Ignatov could cause harm because OneCoin is still operational, Finance Feeds reported.

Bitcoin 100

Bitcoin blockchain social media New York 100

PYMNTS

JUNE 28, 2019

David Marcus, Facebook vice president of messaging products and a key developer of the social media firm’s Libra digital currency project, thinks someone with experience in government and central banking would be a great leader for the team that would oversee the currency, according to reports. “We

social media 117

social media cryptocurrency blockchain Regulation 117

PYMNTS

JUNE 5, 2019

Think of the Apple iPhone, and thoughts are likely to turn to matters involving social media, selfies, family photos, mobile commerce and even payments. The alleged theft ring operated in 34 states, but it remains unclear how many phones and legitimate customers were involved or impacted. Crypto and Diamonds.

cryptocurrency 132

cryptocurrency Fraud New York City social media 132

PYMNTS

AUGUST 19, 2019

Aided by technology – and emboldened by the rise of cryptocurrencies – fraudsters are stepping up ransomware campaigns. These criminals are exploiting new technologies to commit fraud, posting adverts on social media to try and recruit money mules,” he said.

Fraud 180

Fraud Delaware Maryland social media 180

PYMNTS

JULY 27, 2018

Reuters , citing a 92-page analysis by the SEC of the bitcoin ETF — which was created by Cameron and Tyler Winklevoss, the twin brothers who started Gemini Trust , a cryptocurrency exchange — reported the SEC wasn’t convinced the ETF couldn’t be manipulated.

Bitcoin 104

Bitcoin social media Regulation cryptocurrency 104

PYMNTS

JULY 10, 2019

South Korea’s Financial Services Commission (FSC) has approved blockchain operator ICONLOOP’s my-ID system to protect data collected for digital identities. Facebook made waves last month when it announced Libra, a cryptocurrency set to launch next year. Facebook’s Libra Raises Concerns Among Privacy And Security Advocates.

Apple 158

Apple social media Knowledge Base Mobile 158

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?

Fraud 101

Fraud social media cryptocurrency National 101

PYMNTS

JANUARY 18, 2018

The looming specter of regulatory crackdowns in South Korea on bitcoin and other cryptocurrencies may leave one population collectively shrugging: crypto traders. Virtual private networks can offer a conduit for anonymous trading, far-flung, and some exchanges do not need identification from those accessing their operations.

Bitcoin 102

Bitcoin social media cryptocurrency ATM 102

PYMNTS

JUNE 8, 2020

OTC desk operator Sun Xiaoxiao said in a social media post that his accounts had been frozen. And OTC desks are said to be the only fiat on- and off-ramps from digital currency users based in China who lack bank accounts in other countries.

Bitcoin 134

Bitcoin social media Security Report 134

PYMNTS

JUNE 6, 2019

De Mol’s lawyers accuse the social media giant of failing to prevent the ads, as well as not responding fast enough to complaints. Dutch billionaire John de Mol, who created the reality TV program “Big Brother,” is suing Facebook for allowing fake ads which used his name and image to commit bitcoin-related fraud that swindled 1.7

Bitcoin 135

Bitcoin ATM blockchain social media 135

PYMNTS

JULY 14, 2019

And the operator of BitFunder, a defunct trading platform that was denominated in bitcoin, and WeExchange was sentenced for obstruction of justice as well as securities fraud, CoinDesk reported. The slide deck was reportedly leaked through social media by an accountant. at the World Bank.

blockchain 140

blockchain Bitcoin Fraud social media 140