Crypto theft doubles to $1.38B
Payments Dive
JULY 11, 2024
The May theft of over $300 million worth of bitcoin from Japanese cryptocurrency exchange DMM Bitcoin is the largest digital currency heist so far this year.
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PayPal CEO Shulman: Consumers Moving To Digital Currency In Droves
PYMNTS
NOVEMBER 23, 2020
Consumers are moving to digital payments and cryptocurrency in droves, and it’s inevitable that more central banks will issue digital forms of currency, PayPal CEO Dan Schulman said in a televised interview on Monday (Nov. And I think you’ll have more and more utility happen with cryptocurrencies,” he predicted.
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A Merchant Guide for Cryptocurrency Payments
Clearly Payments
JANUARY 4, 2024
Since 2009, the financial landscape has been undergoing a transformation with the emergence of cryptocurrencies. As digital currencies grow in popularity , merchants around the world are exploring the potential benefits of accepting payments in cryptocurrency.
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Portfolio Diversification: The Case for Including Bitcoin and Cryptocurrencies
Fintech Review
APRIL 9, 2024
But now, there’s something new to consider: cryptocurrencies like Bitcoin. These digital currencies are becoming a popular choice for investors looking to add something different to their portfolios. This unique characteristic of cryptocurrencies emphasises their role in the strategic dispersion of investment risks.
Reltime Enables Merchants to Accept Payments in Digital Currencies and CBDCs Globally
Fintech Finance
MAY 23, 2024
Reltime , a leading innovator in blockchain and Web3 technology, is thrilled to announce the launch of its state-of-the-art Global Payment Gateway (GW), designed to empower merchants and shops worldwide to accept payments from all popular digital currencies. Digital USD/EUR, Bitcoin, Ethereum, etc.
Portfolio Diversification: The Strategic Case for Including Bitcoin and Cryptocurrencies
Fintech Review
APRIL 9, 2024
But now, there’s something new to consider: cryptocurrencies like Bitcoin. These digital currencies are becoming a popular choice for investors looking to add something different to their portfolios. This unique characteristic of cryptocurrencies emphasises their role in the strategic dispersion of investment risks.
Bitcoin Daily: Turkey To Test Digital Currency In 2021; Japan Prepares To Issue CBDC; Bitcoin Crests $28,000
PYMNTS
DECEMBER 27, 2020
The price of bitcoin has passed $28,000 on Sunday (Dec. In a continuing showing of the strength of the cryptocurrency, bitcoin is now valued at $500,000, according to the report. The rise of the currency's value has been surging just over the past holiday weekend, breaking $25,000 on Friday (Dec. In the U.K.,
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How CBDCs differ from Cryptocurrencies?
CoinRemitter
MAY 29, 2024
With the rise in digital currencies for payments and transactions, two innovations are much discussed: Central Bank Decentralised Currencies (CBDCs) and cryptocurrencies. Let’s break down the key differences between CBDCs and cryptocurrencies.
Bitcoin Daily: Bank Of Korea Launches Panel To Review Digital Currency; Revolut To Give Users Legal Control Of Cryptocurrencies
PYMNTS
JUNE 15, 2020
Korea’s central bank has rolled out a legal advisory group to look at potential challenges to bring a central bank digital currency (CBDC) to fruition, The Korea Times reported. However, the revised terms noted that clients “can’t transfer cryptocurrency to anyone who is not a Revolut customer.”
Beyond Bitcoin: Mainstream Acceptance Sparks Push For Everyday Cryptocurrency
PYMNTS
JANUARY 26, 2021
Bitcoin gets all the headlines. But step beyond bitcoin and enter the world of cryptocurrencies approaching mainstream acceptance. At present, he said, a number of factors have inhibited the adoption of bitcoin as a transactional currency, including the fact that it’s expensive and can be very slow.
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Bitcoin Daily: Japan's SBI VC Trade Debuts Crypto Lending; Bitcoin Closes In On All-Time High
PYMNTS
NOVEMBER 24, 2020
Bitcoin continued its price climb today (Nov. At 6:31 pm EST, the digital currency still hit high, sitting at $19,083.92, as the coin approaches its record price of $19,783, which it hit in December of 2017. million, CoinDesk reported, the first IPO to use cryptocurrency as an accepted currency.
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AXS Partners with Triple-A to Launch Digital Currency Bill Payments in Singapore
Fintech News
JANUARY 23, 2024
Singapore-based payment solutions provider AXS has partnered with Triple-A to introduce bill payments using digital currencies through AXS’s platforms. The service, accessible via AXS m-Station, supports cryptocurrencies like Bitcoin, Ether, Tether, and USD Coin.
Bahamas Launches Digital Sand Dollar; Adds To Rise Of Central Bank Digital Currencies
PYMNTS
DECEMBER 18, 2020
But the race is still on for central banks to develop their own digital versions of fiat to take their place alongside bills and coins. To that end, the Bahamas may stand out as an epicenter of sorts for the rise of central bank digital currencies (CBDCs). million) of digital currency to 50,000 people chosen by lottery.
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How Cryptocurrency is Shaping the Future of Payments in Canada
Clearly Payments
MARCH 11, 2024
In recent years, the rise of cryptocurrency has redefined traditional notions of currency and payment systems worldwide. As Canada navigates this digital revolution, understanding the implications of cryptocurrency on the country’s payment systems is paramount.
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New US 'Cryptocurrency Enforcement Network' Takes Aim At Bitcoin Scammers
PYMNTS
OCTOBER 9, 2020
Bitcoin and other cryptocurrencies are continuing to attract attention from authorities for all the wrong reasons. Justice Department report is taking aim at the “emerging threats and enforcement challenges” associated with digital currencies, establishing a “Cryptocurrency Enforcement Framework” to address problems.
Bitcoin Daily: Bitcoin ATM Installations Jump By 85 Pct; Argentinian Lawmaker To Introduce Crypto Bill
PYMNTS
NOVEMBER 11, 2020
The count of bitcoin ATMs has jumped this year, rising by 85 percent to just under 11,800, CoinDesk reported. Meanwhile, hackers purportedly sought $11 million worth of cryptocurrency from Japanese computer gaming company Capcom in return for not providing illicitly gathered private data, CoinDesk reported.
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In Line With Digital Currency Growth, CPIC Investment Management Supports AMINA Group
The Fintech Times
JULY 12, 2024
According to Statista , Asia Pacific (APAC) plays host to some of the biggest Bitcoin and Ethereum hodlers. As the popularity of digital currencies grows in the region, firms are looking to bridge the worlds of decentralised finance with traditional finance to make offerings more accessible to all.
China’s Bitcoin Battle And The Creation Of A Digital Currency Ecosystem
PYMNTS
DECEMBER 4, 2019
For China: Digital currency, yes. But not bitcoin. But not bitcoin. The price of bitcoin, that marquee name in cryptocurrencies, has plummeted in the last several weeks, down roughly 20 percent at this writing to a recent $7,400, where the price had been more than $9,400 a month ago. Blockchain?
Sweden’s Central Bank Floats E-Krona As Digital Currency
PYMNTS
FEBRUARY 21, 2020
Sweden’s Riksbank is assessing e-krona, a new form of digital currency that hopes to take the country a step closer to the creation of the world’s first central bank digital currency (CBDC), according to reports on Thursday (Feb.
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Bitcoin Rally Triggered By PayPal, Square Buying Spree
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. .
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Ternio CEO: Crypto’s Transformation Will Come From The Fed, Not Bitcoin
PYMNTS
DECEMBER 30, 2020
At a time when 90 percent of Americans have never owned bitcoin and nearly 70 percent say they have no plans to do so in the future, the thought of widespread adoption and usage of cryptocurrency seems to be a distant prospect for most people. Bitcoin is awesome. Ternio CEO Daniel Gouldman , however, is not one of them. “I
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Bitcoin Daily: BitGrail CEO Owes $170M; $1B In Digital Currency Hacks Stolen
PYMNTS
JANUARY 29, 2019
Francesco Firano, founder of cryptocurrency exchange BitGrail , has been ordered to repay the $170 million worth of cryptocurrency that allegedly went missing last year. He also deposited 230 bitcoins ($1.8 million) onto another cryptocurrency exchange and tried to withdraw the money through a bitcoin ATM.
Bitcoin Daily: India Mulls Banning All Private Cryptocurrencies; Kraken, Coinbase Report Outages From Market Volatility
PYMNTS
JANUARY 31, 2021
India is looking into a new bill that could ban private cryptocurrencies in favor of a national digital coin, a report says. The bill, titled the “Cryptocurrency and Regulation of Official Digital Currency Bill,” could create a framework in which the official digital currency is rolled out and issued by the Reserve Bank of India.
What Are the Biggest Cryptocurrency Innovations We Have Seen in the Last Year?
The Fintech Times
MAY 22, 2024
In recent years, digital currencies have been all the rave. However, the idea that digital assets are exclusively some form of currency is slowly falling by the wayside as different use cases are emerging and being rapidly adopted. But what is keeping this momentum going?
Agricultural Bank Of China Tests App For Country’s Digital Currency
PYMNTS
APRIL 14, 2020
One of China’s state-owned banks has a mobile test app that supports the country’s central bank digital currency, according to a CoinDesk report. Testing the app is a sign the giant lender is working to launch the development and deployment work of rolling out the nation’s digital currency, the report said.
Why Accounts Receivable Is Warming Up To Digital Currency
PYMNTS
MAY 1, 2020
In many ways, the rise of crypto and digital currencies like Bitcoin aims to address some of these issues, empowering payers and payees with a way of bypassing the “middleman” of the inter-banking system for faster transaction speeds. Choice, he said, is key to guiding corporates toward a digital currency ecosystem.
Bitcoin Daily: Bank Of Canada Chief Says Digital Currency Needs Global Approach; Ripple Eyes Blockchain Firm MoneyTap
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. And, cryptocurrency storage platform Casa has added the capability for customers in the U.S. to buy bitcoin, the custodian announced in a blog post.
Bitcoin Daily: Chinese Leaders Back Regional Digital Currency Plan
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. .
An Overview of Debit Cards, P2P Payments, and Digital Cash in 2024
Clearly Payments
AUGUST 24, 2024
Over 15,000 businesses worldwide accept Bitcoin payments as of 2024. Digital Cash: The Future of Money The concept of digital cash has evolved from a niche idea to a mainstream reality, with central banks and private companies exploring various forms of digital currency.
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Bitcoin Rally Here to Stay – Or Fleeting?
PYMNTS
DECEMBER 17, 2020
Amid the rallies that have marked all manner of asset classes in 2020 – where things hummed along to start the year, turned sour in the spring and then rebounded (nay, roared) into the waning months, bitcoin stands out. But now, at least some asset managers have been embracing bitcoin as a hedge against currencies and gold.
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Bitcoin Daily: 7,000 Crypto ATMs Worldwide, Data Says; Marshall Islands Plans National Digital Currency
PYMNTS
MARCH 3, 2020
The blockchain for the Marshallese sovereign (SOV) digital currency will be developed with Algorand technology, according to an announcement. In other news, more than 7,000 digital currency ATMs now exist throughout the world, Cointelegraph reported. At that time, Robocoin put a machine in a café in Vancouver.
Bitcoin Daily: Digital Currency Group Buys Luno Exchange; Venezuela Bars MercaDolar, Coinbase Access
PYMNTS
SEPTEMBER 9, 2020
Blockchain firm Digital Currency Group (DCG) has bought the Luno cryptocurrency exchange, which it will keep running as an independent subsidiary, according to a Wednesday (Sept. based company offers digital asset instruction, investment technology and information for people in Europe, Asia and Africa. 9) announcement.
PayPal’s Bitcoin Backing Proves Crypto Is Ready For Prime Time (And Grandma)
PYMNTS
NOVEMBER 30, 2020
When PayPal announced recently that its 350 million users can deposit bitcoin and other cryptocurrencies in their accounts and spend it at 26 million merchants next year, it was characterized as the inevitable advance of digital currency. Bitcoin is like a [crypto] 101 version. You Can’t Spend It.
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Bitcoin Daily: BitPay Unveils Crypto Mass Payout Service; BOE: Stablecoins Not Fit For Wide Use
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. Bitcoin last exceeded the $16,000 price point on Jan.
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SEC Chair: Flaws In Modern Payments Systems Are Boosting Bitcoin
PYMNTS
NOVEMBER 19, 2020
Securities and Exchange Commission (SEC) Chairman Jay Clayton thinks inefficiencies in traditional payments are boosting favorability for bitcoin, a report from Coindesk says. Clayton, speaking on CNBC, said bitcoin's popularity came from that disappointment in mainstream payments.
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Nexo Rolls Out Digital Currency Credit Card
PYMNTS
AUGUST 2, 2019
To let consumers spend the value of their digital currency, instant crypto loan company Nexo is rolling out a cryptocurrency credit card that is Mastercard-branded. It enables owners of digital currency to borrow against a basket of a range of cryptocurrencies like bitcoin, ripple, ether, Litecoin and others.
Bitcoin Daily: OMFIF Debuts Digital Monetary Institute; Chinese Leaders Back Regional Digital Currency Plan
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. .
May at The Fintech Times: Digital Assets
The Fintech Times
MAY 1, 2024
In recent years, digital currencies have been all the rave. However, the idea that digital assets are exclusively some form of currency is slowly falling by the wayside as different use cases are emerging and being rapidly adopted. Anticipate what needs to happen in order for Bitcoin to break its all-time record again.
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Bitcoin Daily: Russia Central Bank Mulls Digital Currency; FB Crypto Under Fire
PYMNTS
JUNE 18, 2019
Economist Nouriel Roubini has called out Facebook ’s soon-to-be announced cryptocurrency, GlobalCoin, saying it is not really crypto. “It “The apps impersonate the Turkish cryptocurrency exchange BtcTurk, and phish for login credentials to the service. Russia’s central bank might one day launch its own digital currency.
Bitcoin Daily: Nike Offers Crypto Rewards For Online Purchases; BlockFi Teams With Bitcoin Mining Pool On Lending, Financial Services
PYMNTS
JUNE 2, 2020
The rewards are made with Pluton, the native digital currency of the company. Users can receive additional rewards by staking their digital tokens through the company’s app. In other news, Poolin, a bitcoin mining pool, is growing its financial services and digital currency lending verticals, CoinDesk reported.
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Digital Currency Eyes Wholesale — Not Retail — Payments Down Under
PYMNTS
JANUARY 20, 2020
As part of those efforts, the lab is being used to explore “whether there is a role for a digital Australian dollar — that is, an Australian [central bank digital currency (CBDC)] — in the context of the bank’s responsibilities for issuing the currency and overseeing the payments system.”. What It Won’t Do. The Rewards.
Bitcoin Daily: BoE Economist Cites Benefits Of Digital Assets; Online Gamblers Choose Crypto To Cash Out; One Charged In $2M Crypto Theft
PYMNTS
NOVEMBER 19, 2020
Bank of England Chief Economist Andy Haldane advocated for the potential benefits digital currencies can offer in a recent speech given at TheCityUK 10th Anniversary Conference on Wednesday (Nov. The future of digital currencies, Haldane said, is uncertain and most likely varied. “If So far, that has not been the case.”.
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Naspers-backed Crypto Luno acquired by Digital Currency Group
Payments Source
SEPTEMBER 9, 2020
backed cryptocurrency exchange Luno has been acquired by New York-based digital asset investment firm Digital Currency Group, according to a company release seen by Bloomberg. Naspers Ltd.-backed
i2c President Says Blockchain Will Unlock Cryptocurrency
PYMNTS
NOVEMBER 10, 2020
Scan the headlines over the past few weeks and cryptos, well beyond the marquee bitcoin, are making inroads into mainstream consumer and business activities. PayPal is opening its network to allow consumers to shop using cryptocurrency. Square bought $50 million of bitcoin. The mechanics and clumsiness of it all have not helped.
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