PYMNTS

APRIL 26, 2019

The Indian government has drafted a bill that would ban cryptocurrencies and attempt to regulate any official digital money, according to reports. . The idea is to ban the “sale, purchase and issuance of all types of cryptocurrency,” according to an unnamed government source cited by The Economic Times. .

Cryptocurrency 73

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PYMNTS

NOVEMBER 12, 2020

Crypto payment services provider BitPay has unveiled a new mass payout offering, BitPay Send, which lets entities of different sizes make payments to workers, clients, affiliates, suppliers, contractors and others with digital currency, according to a Thursday (Nov. The price of the cryptocurrency was $16,301.03 as of 7:17 p.m.

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Stablecoins Bitcoin Digital Currency CBDC 110

PYMNTS

OCTOBER 1, 2020

It’s a loyalty program overhaul that Visa and Novae say makes them the first to market with a working digital currency based on converted loyalty points. My Rewards was originally launched in 2018. What we're saying is that no matter what currency you're working [with], the conversion [of] miles. We've done].

Digital Currency 93

Digital Currency Point-of-Sale (POS) Online and Mobile Banking Interoperability 93

PYMNTS

MAY 22, 2020

The OMFIF seeks to create connections between the traditional banking and cryptocurrency spaces. The group, which has been releasing detailed central bank digital currencies (CBDC) and cryptocurrency reports as of 2018, is geared toward CBDCs and retail and wholesale payments. .

Digital Currency 64

Digital Currency Cross-Border Settlement Bitcoin Central Bank 64

PYMNTS

MARCH 16, 2020

Intercontinental Exchange, the parent firm of Bakkt, had first made it known in the summer of 2018 that Starbucks was eyeing the retail use of digital currency payments. The Bank of Russia, however, reportedly supports the idea of digital financial assets and had gone so far as having an experimental tokenization project.

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Bitcoin Digital Currency Central Bank Money Laundering 97

PYMNTS

MAY 22, 2020

The OMFIF seeks to create connections between the traditional banking and cryptocurrency spaces. The group, which has been releasing detailed central bank digital currencies (CBDC) and cryptocurrency reports as of 2018, is geared toward CBDCs and retail and wholesale payments. .

Digital Currency 56

Digital Currency Cross-Border Settlement Bitcoin Central Bank 56

PYMNTS

AUGUST 22, 2019

Austria’s major telecommunications firm A1 is now accepting payments in cryptocurrency as part of a pilot project, the company said in a recent blog post. Paying with digital currencies is becoming more and more prevalent internationally, and every industry is affected. Alipay and WeChatPay will follow in late August.

Cryptocurrency 61

Cryptocurrency Point-of-Sale (POS) Digital Currency Debit Card 61

PYMNTS

OCTOBER 23, 2020

PayPal is looking at acquisition possibilities for cryptocurrency companies, including bitcoin custodian BitGo , a report from Bloomberg says. The move would help PayPal boost its embrace of digital coins. million in 2018 and was valued at $170 million, according to PitchBook. It's unknown how much PayPal might pay to buy BitGo.

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PayPal Bitcoin Digital Currency Cryptocurrency 107

PYMNTS

MAY 27, 2020

The movement toward digital currencies may be a bit of an arms race of sorts, for now. As noted in this space last week, about 80 percent of 66 central banks queried by the Bank of International Settlements (BIS) are working on central bank digital currencies (CBDC).

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Central Bank Digital Currency CBDC Settlement 57

PYMNTS

NOVEMBER 23, 2020

PayPal and Square’s Cash App digital currency buying spree has reportedly triggered a bitcoin rally, according to a Benzinga report on Monday (Nov. It added that “supply scarcity will become even more imbalanced” as other financial institutions grow their own involvement in cryptocurrency. . Comparatively, mid-October was $4.41

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PayPal Bitcoin Digital Currency Cryptocurrency 87

PYMNTS

OCTOBER 29, 2020

The Bank of Canada is progressing in its plans for a national digital currency, moving past proof of concepts to “executable” plans, according to Reuters. The amount invested was not disclosed, but the alliance is fitting, as MoneyTap was launched in 2018 by SBI Ripple Asia, a joint venture between SBI Holdings and Ripple.

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Digital Currency Bitcoin Blockchain P2P 63

PYMNTS

JUNE 1, 2020

million to settle a class action lawsuit regarding its decision in 2018 to start considering digital currency buys as cash advances, which brought about increased fees, Reuters reported. In other news, Travala.com , the digital currency travel platform, saw a 45.8 Morgan Chase will pay $2.5

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PYMNTS

DECEMBER 31, 2018

Well, that’s a popularity contest, and for bitcoin, popularity reigned as evidenced by the roughly $20,000 for which the cryptocurrency changed hands, a heady rise from the less-than $800 level that marked the beginning of 2017. Simply voting? Also, said UBS, bitcoin would have to be considered as “money or even a viable asset class.”.

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Bitcoin Cryptocurrency Fed Use Case 75

PYMNTS

NOVEMBER 10, 2020

Treasury Department is researching use cases for a central bank digital currency (CBDC), as well as drafting regulatory proposals for private stablecoins, U.K. On another note, Colorado-based cryptocurrency exchange ShapeShift has delisted privacy coin Zcash (ZEC), after delisting monero (XMR) and dash (DASH) on Friday (Nov.

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CBDC Use Case Privacy Cryptocurrency 67

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. billion in transfers.

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Crime Bitcoin Multi-Currency Debit Card 93

PYMNTS

FEBRUARY 2, 2020

Japanese social media network Line can begin trading its own digital currency among its 700 million users beginning in April 2020. Available since 2018, Line’s currency is called Link and has not been available in the Japanese or United States markets due to government regulation in its country of origin.

Cryptocurrency 52

Cryptocurrency Digital Currency Central Bank Origination 52

PYMNTS

DECEMBER 12, 2018

Bitwala has rolled out digital currency banking services in Germany through a partnership with a regulated FinTech firm that has a banking license, CoinDesk reported. However, Google users are not only searching for bitcoin: The fourth most-popular question involved digital currency as well — the question was ‘how to buy Ripple ?’

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Bitcoin Digital Currency Accounts Volume 55

PYMNTS

OCTOBER 18, 2019

In hopes of profiting from the lack of large, regulated institutions in the chaotic digital asset space, Fidelity is bolstering its digital currency custody business. Abigail Johnson, the investment group’s chief executive, sees the company’s digital currency custody business as a large selling point.

Digital Currency 40

Digital Currency Bitcoin Cryptocurrency Regulations 40

PYMNTS

JANUARY 2, 2019

Bitcoin finished up its worst year yet, as the price of the popular cryptocurrency plummeted by over 80 percent over 2018, Coindesk reported. In addition, the digital currency’s total capitalization dropped by almost $700 billion. But the cryptocurrency ended 2018 with a price of just under $3,750.

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Bitcoin Cryptocurrency Digital Currency Process 55

PYMNTS

APRIL 5, 2019

That could be the emerging story when it comes to smartphones and cryptocurrencies, given Samsung’s recent entry in this area of digital payments. But it is perhaps the presence of an in-built cryptocurrency wallet that represents the most significant departure from past devices” when it comes to the Galaxy S10.

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Cryptocurrency Bitcoin Push-to-Card Blockchain 55

PYMNTS

MARCH 12, 2020

Plaintiffs in a case that alleged JPMorgan Chase charged clients too much for buying digital currencies with their credit cards have reportedly arrived at a settlement with the bank, CoinDesk reported. However, she reportedly noted that the institution halted the processing of credit card digital currency purchases due to credit risk.

Digital Currency 52

Digital Currency Credit Cards Settlement Debit Card 52

PYMNTS

MARCH 30, 2020

The Banque de France is seeking applications “to experiment with a central bank digital currency for interbank settlements,” according to an announcement from the French central bank. ” The submission deadline for digital applications is May 15.

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PYMNTS

DECEMBER 12, 2019

Yao was the head of China’s central bank digital currency initiative. . Yao’s hiring was anticipated because of his contribution to the development of the central bank digital currency (CBDC) and his deep understanding of FinTech and blockchain, according to Caijing. 11), as reported by Coindesk.

Digital Currency 52

Digital Currency Bitcoin Regulations Central Bank 52

PYMNTS

MARCH 29, 2019

It isn’t known if the partnership will include cryptocurrency or not, especially since the Reserve Bank of India (RBI), the country’s central bank, issued a statement saying it wouldn’t support the digital currency. Regardless of its position on cryptocurrency, the country is very pro-blockchain. “As

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PYMNTS

AUGUST 4, 2019

China’s central bank, the People’s Bank of China (PBoC), announced that it has accelerated the development of its own cryptocurrency, reported Cointelegraph on Sunday (Aug. 2 to discuss its priorities for the second half of 2019, saying cryptocurrencies will be closely monitored. PBoC hosted a video conference on Aug.

Cryptocurrency 69

Cryptocurrency Digital Currency Central Bank Governance 69

PYMNTS

SEPTEMBER 15, 2020

India intends to propose legislation prohibiting digital currency trading, while other economies in Asia have opted to regulate the market, Bloomberg Qint reported. Blockchain will be encouraged by the federal government, which is not enthusiastic about digital currency trading, according to two unnamed sources in the report.

Bitcoin 67

Bitcoin Digital Currency Money Laundering Cryptocurrency 67

PYMNTS

SEPTEMBER 12, 2019

Facebook’s Libra project has renewed focus on how cryptocurrencies are regulated, with current rules on the sector patchy and varying from country to country. Between 2008 and 2018, approximately $26 billion worth of fines were levied against banks for AML, KYC and sanctions noncompliance. Cryptocurrency and Blockchain.

Procedures 46

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PYMNTS

DECEMBER 7, 2018

To help further use of digital currency and head off price manipulation, two U.S. a “leader in the cryptocurrency industry,” CoinDesk reported. One bill, the Virtual Currency Consumer Protection Act of 2018, calls for research on price manipulation of digital currencies to help keep investors safe.

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PYMNTS

MARCH 30, 2018

With fresh concerns about government regulation of cryptocurrency surfacing, Bitcoin and other digital tokens continued the recent declines in value, erasing $550 billion in value for the global cryptocurrency market since the start of 2018.

Cryptocurrency 46

Cryptocurrency Bitcoin Regulations Continuity 46

PYMNTS

JUNE 30, 2020

Microsoft reported that digital currency mining encounters dropped 40 percent from 2018 to 2019, according to a report. The tech company noted in the report that only 50 endpoints for each 100,000 came across a digital currency miner. And Peru had the greatest YoY change, followed by Bolivia and Ecuador.

Authorization 80

Authorization Digital Currency Central Bank Bitcoin 80

CB Insights

SEPTEMBER 7, 2021

For example, online exchanges are making cryptocurrency trading and investing more accessible to consumers. Each of these companies raised funding since 2018 and has at least $40M in total funding. Exchanges: These companies provide platforms for buying, selling, and trading cryptocurrencies. Category Breakdown.

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Blockchain NFTs Distributed Ledger Technology (DLT) Multi-Currency 101

PYMNTS

OCTOBER 31, 2017

The country’s state bank ruled that all cryptocurrency, not just Bitcoin, was an invalid form of payment. The financial authority released a statement last week declaring cryptocurrency an illegal, non-cash payment method. According to a statement from Martowardojo, users of cryptocurrency “would be dealt with.”

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Cryptocurrency Bitcoin Digital Currency Non-Bank 40

PYMNTS

FEBRUARY 20, 2020

People flying with Norwegian Air will soon be able to pay for their flights with cryptocurrency, according to CoinDesk. The plan was always to incorporate cryptocurrency as a form of payment for flights. The token has more than doubled in value this year, though it’s still down from the high of 2018.

Cryptocurrency 73

Cryptocurrency Bitcoin Digital Currency Blocks 73

PYMNTS

OCTOBER 10, 2018

billion in revenue in 2018 — but because of the cost of electricity, miners are failing to make a profit. TheNextWeb , citing blockchain research firm Diar , reported that based on the data, this marks the first time cryptocurrency mining businesses aren’t making money off their bitcoin mining efforts. Bitcoin miners have around $4.7

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Bitcoin CHIPS Cryptocurrency On-Demand 80

CB Insights

FEBRUARY 16, 2021

Among plenty of emerging use cases, the technology aims to create a new and improved payments system for the world — one that’s secure, transparent, decentralized, fast, and uses cryptocurrencies (types of digital cash) as a means of exchange. But the value of most cryptocurrencies, especially bitcoin, fluctuates on a daily basis.

Stablecoins 101

Stablecoins Multi-Currency Cryptocurrency Bitcoin 101

PYMNTS

FEBRUARY 26, 2020

A former Microsoft engineer was found guilty of 18 federal felonies after he stole $10 million worth of digital currency from his ex-employer and used the money to finance a $1.6 He was accused of stealing digital currency such as gift cards that could be redeemed for Microsoft products, then reselling them on the Internet.

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PYMNTS

NOVEMBER 19, 2018

It has not been a great week for the price of bitcoin, or really any cryptocurrency for that matter. After peaking near $20,000 a few days before Christmas last year, the price of bitcoin fell sharply through the first half of 2018 before hitting that $6,000 floor in June. Why Bitcoin Busted. How low can bitcoin go? The Ripple Effects.

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Bitcoin Cryptocurrency Digital Currency CHIPS 78