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

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PYMNTS

JANUARY 25, 2019

In a new PYMNTS interview, Neil Bergquist, CEO of bitcoin ATM provider Coinme , spoke about how his company is part of the launch of bitcoin payments via Coinstar kiosks, those change-handling machines often located near ATMs, customer service desks or front entrances at grocery stores. Who Uses Bitcoin ATMs, Anyway?

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PYMNTS

SEPTEMBER 22, 2020

The CEO of a Virginia-based software firm claimed that the Federal Reserve ’s easing of its inflation approach was a factor in his decision to convert the rest of the firm’s money to bitcoin, Bloomberg reported. “We

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PYMNTS

APRIL 15, 2020

Investors might be keeping their bitcoins prior to halving in May, at which point rewards for each block mined will be reduced, CoinDesk reported. The seven-day moving average for all bitcoin held in exchange addresses dropped to the lowest point as of June 2019 to 2,214,365 in mid-April. The price of bitcoin was $6,638.27

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PYMNTS

JULY 11, 2019

Federal Reserve called for a stop to Libra , Facebook’s proposed cryptocurrency, until the project better demonstrated how it was going to address issues like money laundering and privacy, according to a report by Reuters. Bitcoin was last down 4.5 The chairman of the U.S. Jerome Powell testified before the U.S.

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PYMNTS

DECEMBER 24, 2020

Here are some of cryptos’ key developments for 2020: Bitcoin Goes Higher And Higher. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies. And one of the most notable events of 2020 was the big appreciation in bitcoin’s price, tied as it is (and was) to optimism about cryptos’ future.

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PYMNTS

AUGUST 13, 2020

A post from Liberty Street Economics , a research blog of the Federal Reserve Bank of New York , posited that the usual distinction between “token-based” and “account-based” cryptocurrencies are overly simplistic because several popular digital coins, including Bitcoin, could be both. Bitcoin, for example, fits both categories.

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PYMNTS

MARCH 4, 2019

Federal Reserve has announced amendments to a policy statement on the scenario design framework for stress testing, which could soon include a potential cryptocurrency market crash as one of the market risks. In other news, Rhode Island lawmakers have filed a bill to exempt certain blockchain tokens from securities laws.

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PYMNTS

DECEMBER 18, 2020

Cleveland Federal Reserve President Loretta Mester said in a speech in September that a digital dollar could conceivably be a form of money transfer that would enable the Fed to disburse money to all individuals in America (seemingly taking the approach that we are seeing in the Bahamas).

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PYMNTS

MAY 12, 2020

Bitcoin has long been the marquee name — shorthand, if you will — for the cryptocurrency space. And in recent months, the ride has been wild for bitcoin pricing amid the pandemic. On the other hand, bitcoin is also well off of its all-time highs of just under $20,000. bitcoin exchange.). based crypto exchanges.

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PYMNTS

NOVEMBER 8, 2020

Federal Reserve Chair Jerome Powell advising more money printing meant that purchasing Bitcoin was a good idea. Bitcoin proponents have warned before about the impact of short-term tinkering with the economy represented by the large public debt increase. He said it would be more positive with more financial aid.

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PYMNTS

JANUARY 14, 2021

Bitcoin is about to get even more scrutiny by regulators, on a global stage. As reported by Reuters this week, Lagarde said at a conference sponsored by the newswire that bitcoin should be regulated — worldwide. The comments come against a backdrop where bitcoin’s price action has been volatile — to put it mildly.

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PYMNTS

DECEMBER 1, 2017

And enough IQ points, wealth and wealth of experience to give even the most cheerful of bitcoin boosters pause. About the mechanics: Turns out the bitcoin machine is anything but a smooth one — perhaps more Rube Goldberg than anything else. And bitcoin has this anti-government, anti-regulation feel. You get cause for concern.

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PYMNTS

JULY 17, 2019

Lawmakers doubts over Facebook ‘s planned cryptocurrency, Libra, is having a negative impact on bitcoin. The Wall Street Journal reported that bitcoin’s price fell to about $9,100. The fall comes as lawmakers have been critical of Facebook’s plan to launch Libra next year. You cannot work out problems as you go.”

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PYMNTS

JULY 19, 2018

In other news, three companies involved in bitcoin mining have risen to “unicorn” status, according to CoinDesk. On Wednesday (July 18), the Hurun Research Institute published its Q2 Unicorn Index, and bitcoin mining companies such as Bitmain, Canaan Creative and Ebang were on the list. The price of bitcoin was $7,325.90

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PYMNTS

FEBRUARY 23, 2018

Users in California, Massachusetts, Missouri, Montana and New Hampshire can trade bitcoin and Ethereum without any fees from the exchange. dollars, as well as bitcoin and ether. The New York Federal Reserve President William Dudley said that a “speculative mania” surrounds cryptocurrencies. on its site.

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PYMNTS

APRIL 12, 2017

A bitcoin exchange has filed suit against Wells Fargo after the U.S. organizations have issued guidances on digital currency in the past few years, including a warning issued last month by the Federal Reserve. bank limited its ability to move funds globally. Hong Kong-based exchange Bitfinex filed suit in the U.S.

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PYMNTS

OCTOBER 9, 2020

Beyond bitcoin – that marquee name of crypto and its brethren, which have yet to escape wild price swings and speculative fervor – lies the prospect of CBDCs. The Federal Reserve Bank has been exploring a digital currency. of course, is not standing still.

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PYMNTS

OCTOBER 16, 2020

The FinTech is reportedly likely to seek a charter with California’s Division of Financial Institutions and the Federal Reserve Bank of San Francisco within the next few weeks. Beyond bitcoin is the potential of central bank digital currencies (CBDC). Revolut , the European digital bank, is reportedly near applying for a U.S.

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PYMNTS

NOVEMBER 25, 2020

Bitcoin and other offerings have not yet evolved into real alternatives to sovereign monetary activities, but stablecoins present challenges. Among the potential and evolving use cases: private stablecoins can conceivably be adopted as a means of payment for online purchases, peer-to-peer and micro-payments and a range of potential future.

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PYMNTS

NOVEMBER 2, 2020

In today’s top news in digital-first banking, BlockCard is teaming with peer-to-peer (P2P) bitcoin marketplace Paxful for a new crypto debit card, while the Federal Reserve Board has modified the terms of its Main Street Lending Program (MSLP). Ternio’s BlockCard Teams With P2P Bitcoin Marketplace Paxful for Crypto Debit Card.

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Finovate

DECEMBER 11, 2024

The conversation is no longer just about Bitcoin and speculative trading. Real-time payments The adoption of real-time payment systems has been gaining momentum across the globe, especially since the launch of the Federal Reserves FedNow service in 2023. It does, however, need to be considered.

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Clearly Payments

AUGUST 29, 2024

Unlike cryptocurrencies such as Bitcoin or Ethereum , which are decentralized and not controlled by any single entity, CBDCs are centralized digital assets controlled by the government. CBDC Initiatives in the USA In the United States, the Federal Reserve is spearheading efforts to explore the potential of a digital dollar.

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PYMNTS

JULY 14, 2019

“A large platform utility may not establish, maintain, or operate a digital asset that is intended to be widely used as medium of exchange, unit of account, store of value, or any other similar function, as defined by the Board of Governors of the Federal Reserve System,” the document said.

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PYMNTS

JULY 29, 2016

More importantly, cash is actually the preferred currency of illegal transactions and terrorist financing; so while the effect of this proposal may not do much for terrorism or money laundering, it is likely to increase the friction associated with bitcoin transactions. Is The Bank of Japan Helping Bitcoin ?

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PYMNTS

AUGUST 3, 2020

More recently, Visa issued public support of bitcoin and other digital assets in a July blog post that similarly highlighted opportunities in real-time payments. “That day made an earthquake in digital assets, because to me, it takes the narrative off the table that the government is going to ban bitcoin,” she said.

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PYMNTS

OCTOBER 18, 2020

Federal Reserve Chair Jerome Powell will discuss that topic as well. Jonathan Dharmapalan , CEO of eCurrency; Rory MacFarquhar , senior VP at Mastercard; and Rene Reinsberg , CEO of Celo will also participate in the panel, according to CoinDesk. The panel will be webcast and will begin at 9 a.m. ET on Monday.

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PYMNTS

JANUARY 15, 2021

Federal Reserve Chair Jerome Powell said he isn’t in a rush to adopt a central bank digital currency (CBDC) because of the risks such currencies pose to the status of the dollar, CoinDesk reported. “We dollar is] the reserve currency.”. We don’t feel an urge or need to be first,” he said of CBDCs, according to the report.

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PYMNTS

AUGUST 11, 2020

Not all that long ago, blockchain and bitcoin were inseparable – shorthand for the Wild West of cryptocurrencies and speculation. And you might recall that digital tokens were emblematic of volatile price swings. He cautioned that though tZERO is not trying to build digital currencies, it is exploring an instant settlement solution.

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PYMNTS

FEBRUARY 9, 2018

Gravity has come to call on bitcoin after seemingly forgetting its existence for a brief period. And, as of today, it looks like the Federal Reserve has another rock to add to crypto’s sack – or actually two rocks, since two different branches are weighing in. Bitcoin and other crypto, on the other hand, has issues.

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PYMNTS

JUNE 20, 2019

The Wall Street Journal is reporting that the Federal Reserve and the Senate Banking Committee will both closely scrutinize the implementation of Libra. Libra is going to be a stablecoin, which means that unlike Bitcoin, it is tied to actual currency and financial companies like Uber and eBay.

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PYMNTS

NOVEMBER 12, 2019

Federal Reserve Chairman Alan Greenspan said Tuesday (Nov. Digital currencies hit the world stage in 2017 when bitcoin skyrocketed to nearly $20,000 from $600-$800. Investors are lured by bitcoin’s blockchain technology and its decentralized system. Former U.S.

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PYMNTS

JUNE 26, 2019

Bitcoin startup Lolli announced that it has struck a new partnership with Hotels.com, joining Lolli’s existing partners Booking.com, Priceline, Hilton and Marriott. “We Lolli allows its users to earn bitcoin rewards for online purchases. Canada has been in high demand, and we think that’s going to be a great test market for us.

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PYMNTS

SEPTEMBER 22, 2016

As digital currencies, like bitcoin, expand their reach and more people pay using their smartphone, there are concerns that the U.S. The FinTech industry is undoubtedly a competitive one — never mind the cross-country rivalry. may fall behind to other leading countries, specifically the U.K, which is making strides in the space.

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PYMNTS

SEPTEMBER 16, 2019

As a stablecoin, Libra is designed to be asset-backed, unlike the cryptocurrency bitcoin, and is also backed by a different digital ledger. Federal Reserve and the Bank of England were among the 26 central banks taking part in the one-day conference. The bar for regulatory approval will be high.”.

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PYMNTS

OCTOBER 8, 2020

Americans cut their credit card balances in August for the sixth consecutive month, the Federal Reserve System reported. Scammers Love Bitcoin, But Consumers Aren’t So Enthusiastic. The 449-page report follows a 16-month inquiry into the tech companies. Americans Pull Back On Credit Card Borrowing. Revolving debt declined by $9.4

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PYMNTS

DECEMBER 18, 2019

Like Libra , which has yet to be launched, Saga attempts to smooth over the issues with bitcoin, such as reducing the wild price swings and anonymity that have plagued the world’s biggest cryptocurrency. That means its price can rise and fall, depending on the amount held on deposit. billion USD).

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