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Bitcoin Cryptocurrency Stablecoins 
Fintech News
DECEMBER 3, 2024
Digital payment token provider dtcpay has announced a strategic shift to exclusively support stablecoins for all its payment services starting in January 2025. The company emphasises the inherent volatility of cryptocurrencies like Bitcoin and Ethereum as a driving force behind this decision.
124 
Fintech News
SEPTEMBER 11, 2024
Singapore’s cryptocurrency market has seen a notable increase in crypto payments , with merchant services receiving nearly US$1 billion in crypto during the second quarter of 2024. A key part of this growth is the rise of XSGD, the Singapore dollar-backed stablecoin issued by StraitsX. In contrast, stablecoins pegged to the U.S.
126 
PYMNTS
AUGUST 21, 2020
More than $50 billion of cryptocurrency was transferred from virtual wallets in China to other parts of the world last year, a potential violation of the nation’s strict limits on how much money can be sent abroad, according to a new report. Cryptocurrency could be picking up some of the slack.” .
139 
PYMNTS
NOVEMBER 24, 2020
Bitcoin continued its price climb today (Nov. While that price apex was followed by a bubble burst and bitcoin fell to $3,122 in 2018, analysts and crypto fans predict this wave is different. million, CoinDesk reported, the first IPO to use cryptocurrency as an accepted currency. The maximum loan is 5 Bitcoin, or $92,000.
135 
PYMNTS
NOVEMBER 12, 2020
In other news, the price of bitcoin exceeded the $16,000 price level on Thursday for the first time in nearly three years, CNBC reported. Bitcoin last exceeded the $16,000 price point on Jan. The price of the cryptocurrency was $16,301.03 as of 7:17 p.m. Eastern time Thursday, according to CoinDesk.
110 
Payments Source
NOVEMBER 15, 2018
This week's plunge in bitcoin's value highlights one of the biggest concerns in using the cryptocurrency for payment. Stablecoins, which are pegged to traditional currency such as the U.S. dollar or a precious metal, are seen as a much less risky investment.
PYMNTS
NOVEMBER 4, 2020
Bit by bit — but more than bitcoin by bitcoin — cryptos are inching into the mainstream, for both consumer and commercial applications. Elsewhere, Square announce last month that it has invested $50 million — approximately 1 percent of its total second-quarter assets — to purchase roughly 4,709 bitcoins. “We
83 
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.
117 
PYMNTS
NOVEMBER 16, 2020
A Citibank senior analyst predicted that bitcoin could reach $318,000 by December 2021 in a report written for Citibank’s institutional clients, according to CoinDesk. This will be the last trading pair for BGBP, the stablecoin linked to the pounds sterling, meaning it will no longer be tradeable. Meanwhile, Binance on Monday (Nov.
118 
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.
105 
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. It's the opposite.”.
117 
PYMNTS
NOVEMBER 25, 2020
The age of digital currencies might be fully upon us, but key questions swirl about how to issue and regulate cryptos – especially stablecoins. Bitcoin and other offerings have not yet evolved into real alternatives to sovereign monetary activities, but stablecoins present challenges. In a paper that debuted Tuesday (Nov.
92 
PYMNTS
JUNE 29, 2020
The European Union (EU) is preparing to update its cryptocurrency rules that could make it more difficult for stablecoin projects, such as Facebook Inc.’s Last fall, the Libra Association petitioned the Swiss Financial Market Supervisory Authority ( FINMA ) for a Swiss payment system license for its planned cryptocurrency.
88 
The Fintech Times
DECEMBER 3, 2024
dtcpay , the licensed payment service provider, has announced that it will no longer be supporting Bitcoin (BTC) and Ethereum (ETH) in the new year as it transitions to only support stablecoins for its Digital Payment Token (DPT) payment services.
69 
The Fintech Times
MAY 1, 2024
We will: Explore the biggest innovations over the past year in the cryptocurrency, stablecoin, blockchain and digital assets spheres. Dissect the common misconceptions between digital assets and cryptocurrencies and how they can be corrected. Explore which countries are leading the stablecoin race and why.
111 
PYMNTS
DECEMBER 29, 2020
On another note, professional football player Russell Okung will be the first player from a significant American sports league to get paid via "bitcoin," CoinDesk reported. Half his salary is going to bitcoin and the other half is going to fiat, the athlete told CoinDesk. In other news, GMO Internet Inc.
93 
PYMNTS
AUGUST 9, 2020
The PFSA said it “would like to remind you that the cryptocurrency market in Poland is not a regulated or supervised market. PFSA does not license, supervise or exercise any other powers with regard to cryptocurrency trading activities,” Cointelegraph reported. They still have to inform NYDFS before using the coin, though.
89 
PYMNTS
JULY 31, 2019
s cryptocurrency market. That means that trading cryptos like bitcoin and ether only need to follow KYC rules and will not be under FCA scrutiny. The overview states that “stablecoins, fiat-backed coins, generally seem to be classed as eMoney, depending on their structure. Many will therefore fall under the FCA’s remit.”.
75 
PYMNTS
JANUARY 5, 2020
Burger King is letting people pay their way in Venezuela with a new bitcoin partnership that enables cryptocurrency purchases, CoinTelegraph reported on Saturday (Jan. The startup Cryptobuyer oversees a line of Bitcoin ATMs that convert cryptocurrency funds to pay out in fiat currency. . Confirmed in a Dec.
69 
PYMNTS
JULY 21, 2020
Crypto boosters have spent the better part of the past decade promoting the idea that great fiat-currency disruptions are coming care of blockchain and literally hundreds of thousands of variations of cryptocurrency circulating in the world today. Even bitcoin is accepted by only a relative handful of digital retailers.
127 
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. Here are some of cryptos’ key developments for 2020: Bitcoin Goes Higher And Higher. Over the summer, the U.S.
103 
PYMNTS
DECEMBER 15, 2020
BitPay , which is the world's largest provider of bitcoin and cryptocurrency services, has announced that mobile payments app Slide will now add cryptocurrency as a payment option, according to a press release. Meanwhile, Japan's SBI Financial Services has acquired crypto trading counterparty B2C2 , according to a press release.
68 
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. Regulators are slow, and there’s a reason we’re slow,” she said, speaking at CoinDesk ’s Bitcoin for Advisors event. “We 6), CoinDesk reported, citing regulatory concerns.
67 
PYMNTS
OCTOBER 14, 2020
The head of the country’s only licensed and publicly traded cryptocurrency broker says tighter regulation and exponentially higher yields are causing corporate treasury and cash management accounts to seriously consider this alternative asset class. Ehrlich said stablecoins, including the U.S. This in the wake of the OCC’s Sept.
129 
PYMNTS
SEPTEMBER 23, 2020
Origin unveiled a stablecoin for the Ethereum network dubbed the Origin Dollar (OUSD), according to a Medium post. The product was created using the organization’s current workforce of individuals at Origin Protocol who are FinTech and cryptocurrency veterans. Tether debuted the concept of a stablecoin denominated in U.S.
67 
The Fintech Times
MAY 22, 2024
Our monthly focus now turns to the most well-known form of digital assets : cryptocurrencies. Since Bitcoin’s inception in 2009, the crypto world has jumped from one height to the next continually breaking records. But what is keeping this momentum going?
PYMNTS
SEPTEMBER 21, 2020
The Office of the Comptroller of the Currency (OCC) released a letter that explained the authority of federal savings associations and national banks to keep “reserves” for clients who are issuers of stablecoins in some cases, according to a Monday (Sept. 21) press release. Acting Comptroller of the Currency Brian P.
Fintech News
SEPTEMBER 18, 2024
Digital currencies and stablecoins Finally, the Forrester report notes that stablecoins, which are digital currencies pegged to traditional assets like the US dollar, are gaining momentum in APAC. As stablecoins grow in popularity, regulatory frameworks are being developed across the region.
106 
Fintech News
DECEMBER 4, 2023
Australian cryptocurrency exchange Independent Reserve has forged a new partnership with RelayPay, a digital currency payments platform. This collaboration aims to facilitate cryptocurrency transactions for Independent Reserve’s business clients in Australia and New Zealand.
PYMNTS
DECEMBER 11, 2019
10) the introduction of stablecoin payments for both users and merchants, according to a release. . The company will allow the use of three stablecoins: Circle’s USD Coin (USDC), the Gemini Dollar (GUSD) and Paxos Standard Token (PAX). Blockchain payment service company Bitpay announced Tuesday (Dec.
52 
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. Police in a Chinese city had reportedly taken 10 suspects into custody.
PYMNTS
DECEMBER 2, 2020
Visa has partnered with BlockFi to launch a credit card that offers bitcoin rewards rather than travel points or cash back, according to an announcement. The BlockFi Bitcoin Rewards Credit Card , which will be available in the spring of 2021, will give 1.5 It’s another step toward mainstream adoption for cryptocurrency. “We
60 
BitPay
APRIL 25, 2023
We’re excited to announce that BitPay now supports Etheruem and ERC-20 Stablecoin payments for our payroll and payouts solution, BitPay Send. Additionally, organizations may still pay out in non-Ethereum cryptocurrencies like Bitcoin (BTC), Litecoin (LTC), Dogecoin (DOGE) and Bitcoin Cash (BCH). It is that easy.
52 
PYMNTS
JUNE 12, 2019
Security researchers have revealed another cryptocurrency mining malware that has already installed itself on Oracle servers. According to The Next Web , the malware attacks Oracle WebLogic Servers to install a Monero cryptocurrency mining bot. If the bill passes, India will become the latest country to completely ban bitcoin.
65 PYMNTS
MAY 1, 2019
Reports came from Bloomberg this week that bitcoin, the marquee name of cryptocurrencies, was trading at a several hundred dollar premium on one exchange: Bitfinex. To recap, the AG accused Tether (of the Tether stablecoin) and the Bitfinex operator of possibly defrauding crypto investors.
55 PYMNTS
SEPTEMBER 16, 2019
Global central bank officials met with leaders from both Facebook’s Libra Association and JPMorgan to discuss policies and regulation around new cryptocurrencies, the Bank for International Settlements (BIS) said in a press release on Monday (Sept. The BIS is an umbrella organization for the world’s largest central banks.
50 
Fintech News
FEBRUARY 15, 2024
In 2023, the value received by illicit cryptocurrency addresses amounted to US$24.2 Most of this total came from cryptocurrency services that are sanctioned by the US Department of the Treasury’s Office of Foreign Assets Control, or are located in sanctioned jurisdictions. and 54.3%, respectively.
96 
The Fintech Times
MAY 31, 2024
Cryptocurrencies offer a myriad of benefits for cross-border transactions. This is where a stablecoin can step in. Stablecoins are digital assets pegged to another asset – often government-issued fiat money. Morgan unveiled an improved tokenised payment platform following the success of its JPM stablecoin.”
49 
PYMNTS
OCTOBER 26, 2020
million in discounted bitcoin in exchange for gift cards — an amount that a report from Arcane Research says is half Paxful's trade volume, Cointelgraph reports. Trade of bitcoin for gift cards, the report says, comes out to 48 percent of Paxful's revenue. The gambling activities involved the tether stablecoin.
67 
PYMNTS
DECEMBER 26, 2019
The Bank of Russia has been testing stablecoins that are attached to real assets, according to reports. We are testing stablecoins in our regulatory ‘sandbox,’” said Elvira Nabiullina. “We And in France, cryptocurrency firms can now apply for licenses, according to reports. Meanwhile, on Jan.
52 
CoinRemitter
JANUARY 17, 2024
There are about 9000 cryptocurrencies in the world, and over 150 of them are stablecoins, which acquire 0.08% of the cryptocurrency market. This number clearly shows the potential of stablecoins. Whenever we discuss stablecoins, we all think about USDT. But stablecoins aren’t just about Tether.
45 
PYMNTS
JANUARY 18, 2021
After announcing that it was hit by a cyberattack in December, Russian cryptocurrency exchange Livecoin announced in a note that it is shutting its business and refunding its clients. Other than, you know, gold, bitcoin. Flynn purchased bitcoin for his roughly 450 clients, the report stated. Unless the U.S. Unless the U.S.
63 
PYMNTS
JANUARY 21, 2021
Russia’s Sberbank could roll out its stablecoin as early as this spring after filing with the Bank of Russia to launch a blockchain platform, Cointelegraph reported. In other news, Pornhub added four more cryptocurrencies to the site’s payment options, The Block reported. and Singapore, The Block noted. Meanwhile, Nebraska Sen.
56 
PYMNTS
AUGUST 20, 2019
Binance has announced plans to launch its blockchain project, Venus, to develop localized stablecoins and digital assets pegged to fiat currencies across the globe. In recent months, we have instituted action to obtain the policy of each commercial bank on deposits originating in cryptocurrency. Coinbase said it has fixed the bug.
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