PYMNTS

AUGUST 11, 2020

A woman in Australia will go to jail for the theft of more than 100,000 Ripple digital currency tokens over two years ago, ACS Information Age reported. The 25-year-old individual gained access to the digital currency account belonging to a man in his 50s.

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Blockchain Bitcoin Digital Currency Blocks 74

PYMNTS

DECEMBER 19, 2019

The PIT digital currency exchange of Blockchain.com is one of the few exchanges to turn on the U.K. Faster Payments Scheme, The Block reported. The initiative will enable users to instantly deposit and withdraw British pounds, and purchase digital currencies. Two cryptos are currently supported: ether and bitcoin.

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Faster Payments Bitcoin Digital Currency Correspondent 52

PYMNTS

MARCH 31, 2017

This past week proved once again that it’s tough to be a bitcoin fan. In another blow to bitcoin legitimacy, the U.S. Securities and Exchange Commission (SEC) has denied the second bitcoin-based ETF bid up for consideration in the month of March — the Intercontinental Exchange, Inc.’s Well, as long-term as bitcoin value can be.

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Bitcoin Digital Currency Blocks Volume 65

PYMNTS

NOVEMBER 26, 2019

29, and will block withdrawals from Friday to Dec. The decision was made to block the possibility of money laundering and inflow from external networks,” the firm said, adding that other crypto exchanges have dropped monero over the same concern. Bitcoin is the perfect gift for family and friends this holiday season.

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Bitcoin ATM Money Laundering Blocks 56

PYMNTS

JULY 9, 2020

Authorities in China have confiscated bitcoin, ether and tether worth more than $15 million and luxury cars from those who allegedly ran a purported cryptocurrency scheme, CoinDesk reported. It will also contemplate a block “to comply with a law, regulation or legal order from a duly recognized U.S. authorized authority, U.S.

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PYMNTS

MAY 26, 2017

An agreement to upgrade the speed of processing transactions propelled bitcoin to new heights on Thursday (May 25). Bitcoin’s Satoshi blockchain can only process so much data, and this was creating a backlog in transaction processing. a digital currency trading firm in Hong Kong. Coinbase, btc.com and Coins.ph

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Bitcoin Blocks Digital Currency Rules 43

PYMNTS

OCTOBER 10, 2018

Bitcoin miners have around $4.7 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. The move implies that mining for bitcoin is becoming largely the domain of the big players.

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Bitcoin CHIPS Cryptocurrency On-Demand 80

PYMNTS

MARCH 29, 2017

In another blow to bitcoin legitimacy, the U.S. Securities and Exchange Commission (SEC) has denied the second bitcoin-based ETF bid up for consideration this month — the Intercontinental Exchange, Inc.’s s NYSE Arca exchange’s request to list and trade the SolidX Bitcoin Trust.

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Bitcoin Blocks Digital Currency Rules 49

PYMNTS

APRIL 14, 2017

The past week saw bitcoin (BTC) rise to near-record highs above $1,230, only to fall sharply during Thursday afternoon trading. At the time of writing, one bitcoin was equivalent to $1,174.45, down 3.46 Bitcoin’s come a long way since its infancy in 2008. bitcoin (~$14,681). bitcoin (~$14,681). per payout.

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Bitcoin Digital Currency Wire Transfer Blocks 42

PYMNTS

MAY 14, 2019

A 60 percent surge in a month – for anything, really, be it stock or bond or digital currency – is nothing to sneeze at, but it could be something to see with wonder. Bitcoin, that marquee name in cryptocurrency, has seen its price swell by roughly that 60 percent number through the last few weeks, to about $8,000. Fundamentals?

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Bitcoin Cryptocurrency Digital Currency Blockchain 64

PYMNTS

SEPTEMBER 30, 2016

Can the unbanked benefit from bitcoin, or are they merely the experimental subjects of bitcoin adherents, lobbyists and scientists? This week’s Bitcoin Tracker takes a look at the recent bitcoin projects that are in the news and that are targeting the unbanked. Vogel also wanted to clarify regulations surrounding bitcoin.

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Bitcoin Digital Currency Online and Mobile Banking P2P 82

PYMNTS

AUGUST 18, 2017

In this year alone, we’ve seen bitcoin valued at just under $1,000 in January to over $3,000 in May and soaring over $4,000 this past weekend. One of the major factors impacting the most recent leap in bitcoin value is the recent hard fork to develop a new cryptocurrency dubbed Bitcoin Cash.

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Bitcoin Cryptocurrency Blocks Digital Currency 56

PYMNTS

SEPTEMBER 23, 2020

The digital currency receives “competitive yields” from decentralized finance (DeFi) protocols without intervention as it stays in a user's wallet. Origin said the digital currency is a natural addition to its aim of facilitating peer-to-peer (P2P) commerce.

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Origination Stablecoins Venmo P2P 67

PYMNTS

NOVEMBER 6, 2019

6) that the Chinese government has stepped back from banning the mining of bitcoin and cryptos. The ban, of course, means that digital currency makers would be “off” the list of industries restricted from getting subsidies from government entities. Reports came on Wednesday (Nov. Call it the ban on the ban. authorities.

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Bitcoin Digital Currency Blockchain Governance 40

PYMNTS

NOVEMBER 13, 2018

Bitmain , the Chinese digital currency mining firm, has filed a suit in U.S. District Court against a hacker identified as “John Doe” for a reported bitcoin theft, Cryptovest reported. million in bitcoin, as well as other assets of a digital nature. He allegedly took roughly 617 bitcoin in April.

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Bitcoin Blockchain Blocks Research 54

PYMNTS

AUGUST 3, 2017

All is not running business as usual in the bitcoin realm. The digital currency that has been around for nearly a decade has struggled to gain major traction in the mainstream industry outside of finance. Just last week, we reported on investors splitting off from bitcoin to create their own digital money dubbed Bitcoin Cash.

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Bitcoin Digital Currency Cryptocurrency Transactions 40

PYMNTS

AUGUST 2, 2019

Walmart has filed a patent application for a “digital asset” that would be based on a type of block production, according to reports. The digital currency may be pegged to the U.S. In other embodiments, the digital currency is available for use anywhere.”.

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Digital Currency Blocks Blockchain Bitcoin 66

PYMNTS

MARCH 24, 2017

Bitcoin prices suffered further losses this past week. As the reality of the Securities and Exchange Commission (SEC) rejection sunk in, concern among investors has grown amid signs of an impending hard fork — a “great schism” of bitcoin, if you will. At the time of writing, one bitcoin was worth $1,039.93, up 0.24

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Bitcoin Blocks Cryptocurrency Caps 42

PYMNTS

MARCH 21, 2017

Three days into what can only be termed a rout, shares of bitcoin have stabilized — if we accept the skewed maxim that one day’s trading makes a trend. Reuters noted Monday that the digital currency gained at least some traction, after the previous three sessions slammed pricing to its lowest level since 2015.

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Bitcoin Disputes Digital Currency Blocks 52

PYMNTS

SEPTEMBER 29, 2020

People provided access to the online technology of Estonia via an eResidency program are reportedly being connected to digital currency schemes in other countries, Bloomberg reported. In other news, KuCoin has kept the accounts of its clients restricted as hackers start to reportedly move stolen digital currency, CoinDesk reported.

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Participant Digital Currency Bitcoin Scams 77

PYMNTS

JUNE 19, 2017

With many cybercriminals choosing bitcoin as their currency of choice, the U.S. When Troia could not even confirm whether such authorization existed, Coinbase suspended his account and blocked him from creating accounts in family members’ names to continue conducting business.

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Regulations Bitcoin Money Laundering FBI 75

PYMNTS

SEPTEMBER 20, 2019

“No countries welcome Libra, but it might be unstoppable anyways,” Changchuan Mu, the new director of China’s Research Institute on Digital Currency, said, according to CoinDesk. “It Even if Facebook is blocked in China, people will use indirect ways to purchase it from abroad once Libra comes out,” he added. If the U.S.

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Bitcoin Regulations Cryptocurrency Blocks 55

PYMNTS

JANUARY 20, 2017

The price of the popular digital currency spent the week climbing back up after fears that China could crack down on its domestic exchanges caused its value to slump. The developments are still ongoing, so PYMNTS’ Bitcoin Tracker will keep watch for new details in the coming weeks. percent from the day’s open of $884.25.

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Bitcoin IRS Digital Currency Central Bank 41

PYMNTS

NOVEMBER 21, 2019

“Ubisoft’s rich portfolio of world-renowned brands — including Assassin’s Creed, Just Dance and Far Cry — is a testament to their dedication to creating quality content for all, and their years-long dedication to exploring blockchain technology ensures they have the knowledge and skills to be excellent block producers.”.

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PYMNTS

MARCH 23, 2018

Bitcoin fell below the $9,000 mark on Thursday (March 22), CNBC reported. Bitcoin was trading at $8,505.18 Of all the online attacks that were blocked in December, nearly one quarter – or 24 percent – were considered to be instances of cryptojacking. And a new chatbot named Ben can trade bitcoin, TechCrunch reported.

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Bitcoin Cryptocurrency Fraud Prevention Blockchain 46

PYMNTS

JULY 22, 2020

Banks chartered by the federal government can offer digital currency custody services, the Office of the Comptroller of the Currency (OCC) said in a Wednesday (July 22) announcement. In other news, South Korea intends to levy a two-tenths tax on income made via digital currency transactions, The Block reported.

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OCC Office of the Comptroller of the Currency Digital Currency Bitcoin 63

PYMNTS

DECEMBER 24, 2019

Changchun Mu, head of the PBOC digital currency research subsidiary, shared the news at the China Finance Association Academic Annual Meeting, and China Finance Forum Annual Meeting in Beijing. . The [digital yuan] currency is not used for speculation. The RMB is used to spend, not for speculation.

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Bitcoin Cryptocurrency Blockchain Digital Currency 58

PYMNTS

DECEMBER 1, 2016

Edmund John, founder and CEO of KYC-Chain, a Hong Kong-based security and authentication startup, believes that blockchain’s (the distributed ledger technology that powers bitcoin) two-factor authentication capability holds the key to offering the ultimate security solution for digital identity. A long road to acceptance.

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Blocks Blockchain Compromise Bitcoin 62

PYMNTS

APRIL 12, 2017

A bitcoin exchange has filed suit against Wells Fargo after the U.S. According to Bitfinex, this effectively blocks stateside customers from selling virtual currency holdings. The digital currency exchange is seeking an injunction against Wells Fargo to prevent wire transfer stoppage, along with as much as $75,000 in damages.

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Bitcoin Wire Transfer Federal Reserve Digital Currency 40

PYMNTS

FEBRUARY 9, 2018

Gravity has come to call on bitcoin after seemingly forgetting its existence for a brief period. But their messages are remarkably similar: Digital currency is an interesting idea, and an ingenious use of technology. It is not, however, a currency – or really at any risk of ever becoming one. Not Much of a Competitor.

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Fed Bitcoin Federal Reserve Digital Currency 40

PYMNTS

MARCH 20, 2017

Bitcoin price ended last week on a rough three-day run, as a drop from around $1,100 per coin to about $950 per coin erased $2 billion in value off of the cryptocurrency. The big price drop comes as rival factions in bitcoin land are waging a rather pitched battle over the digital currency’s future and the potential currency split.

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Bitcoin Blockchain Digital Currency Blocks 42

PYMNTS

APRIL 28, 2017

In the last few weeks, three separate bitcoin exchanges have reported a halt on processing transactions in dollars — the result of global banks pulling out of high-risk areas. Global banks have long been wary of even indirect interactions with bitcoin exchanges — particularly in the case they could be held liable if something goes wrong.

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Bitcoin Wire Transfer Regulations Funds Transfer 48

PYMNTS

APRIL 27, 2018

That might be the headline news about bitcoin. At a recent $9,300, bitcoin may or may not be stabilizing. Some sense of bitcoin stability in pricing may be a bit of a landmark, to speak with tongue in cheek. For those who keep score, miners have produced 17 million bitcoins as of yesterday, April 26.

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Bitcoin Blocks Cryptocurrency On-Demand 49

PYMNTS

MAY 23, 2019

On Tuesday (May 21) it was reported that the agency had awarded self-proclaimed bitcoin inventor Craig Wright registrations for a white paper and early computer code related to the cryptocurrency. “As And the Central District Court in Israel has ruled that bitcoin is an asset and subject to capital gains tax (CGT).

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Bitcoin Returns Cryptocurrency Blockchain 53

PYMNTS

SEPTEMBER 16, 2016

With no Samsung-like news for bitcoin, prices are holding steady and are even a bit bullish. But let’s turn to the miners, who aren’t happy at all with a stable bitcoin price. The bitcoin block reward was halved in July, which has changed the profitability of new miner entries and could impact the decentralization of bitcoin.

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Bitcoin Digital Currency Blocks Financial Inclusion 77

PYMNTS

JULY 7, 2019

Are new bitcoin rules coming? The growth of digital currencies faces more than regulatory challenges, the Journal noted, saying “bitcoin has struggled to gain traction beyond a core group of techies. Even so, “regulation remains a stumbling block to cryptocurrency’s wider adoption,” the report continued.

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Regulations Legal Framework Cryptocurrency Bitcoin 82

PYMNTS

APRIL 18, 2019

Once seen as a tool for the dark web and black markets, cryptocurrencies like bitcoin now want to be a part of the broader economy. Bitcoin at the Center. ” The widespread reliance on bitcoin to facilitate ransomware payouts is a “genuine challenge” for the cryptocurrency industry, he added.

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Ransomware Bitcoin SDN Cryptocurrency 57