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.

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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.

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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).

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The Payments Association

NOVEMBER 18, 2024

Understanding use cases: From stablecoins to tokenisation While De-Fi discussions often focus on theoretical concepts, several tangible use cases illustrate its practical applications in the payments industry. Among the most prominent are stablecoins and the tokeni s ation of traditional financial instruments. billion in May 2022.

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Stablecoins Distributed Ledger Technology (DLT) Digital Currency Caps 88

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.

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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 of the funds, 89 percent of the total, were paid with the stablecoin tether. The maximum loan is 5 Bitcoin, or $92,000.

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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.

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Finextra

OCTOBER 31, 2024

Digital Assets, including bitcoin and stablecoins, can foster financial inclusion for businesses in displaced communities, according to a new report by Block, Inc. and the European Bank for Reconstruction and Development (EBRD).

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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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Bitcoin Cryptocurrency Office of the Comptroller of the Currency Stablecoins 83

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.

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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.

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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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Fintech Review

OCTOBER 30, 2024

The adoption of cryptocurrencies — particularly Bitcoin and stablecoins — has increased as individuals, businesses, and governments seek alternatives to maintain financial stability and autonomy.

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Economy Research Stablecoins Digital Currency 52

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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Bitcoin Office of the Comptroller of the Currency Cryptocurrency Stablecoins 105

BitPay

APRIL 25, 2023

Stablecoins help bridge the gap between fiat currency and crypto. Ahead we’ll take a closer look at what makes stablecoins a leading option for cross-border crypto payments. Ahead we’ll take a closer look at what makes stablecoins a leading option for cross-border crypto payments. These reserves, typically held in U.S.

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PYMNTS

APRIL 9, 2019

Pag told CoinDesk that he believes the legal issues facing the now-defunct bitcoin exchange could hold up its civil rehabilitation process for up to two more years. In other news, Facebook reportedly wants to raise as much as $1 billion in investments for its stablecoin project. Andy Pag, founder and coordinator of Mt.

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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 A decision on its coins, seen as a competitor of Bitcoin, is expected this year. s proposed Libra, CoinDesk reported.

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The Fintech Times

SEPTEMBER 27, 2024

Stablecoin preferences Interestingly, while Bitcoin has traditionally been seen as the proxy for the crypto ecosystem as a whole, the research from Chainalysis shows that UAE investors actually have a strong preference for stablecoins. In the country, Bitcoin accounts for just 16.5 per cent).

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Finovate

DECEMBER 20, 2023

With a spot Bitcoin ETF expected in 2024, crypto investors, traders, and enthusiasts are likely feeling as optimistic about digital assets as they have in awhile. BlackRock, Nasdaq, SEC Meet Again on Bitcoin ETF This week, according to reporting in Coindesk, representatives from BlackRock, Nasdaq, and the U.S.

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Bitcoin Payment APIs and Integration Financial Inclusion Blockchain 75

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. Anticipate what needs to happen in order for Bitcoin to break its all-time record again. Explore which countries are leading the stablecoin race and why.

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PYMNTS

SEPTEMBER 23, 2020

Origin unveiled a stablecoin for the Ethereum network dubbed the Origin Dollar (OUSD), according to a Medium post. Tether debuted the concept of a stablecoin denominated in U.S. The digital currency receives “competitive yields” from decentralized finance (DeFi) protocols without intervention as it stays in a user's wallet.

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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.

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Office of the Comptroller of the Currency Stablecoins Fraud Prevention OCC 68

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 The card carries a $200 annual fee. “We

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PYMNTS

APRIL 18, 2019

Bitcoin users might soon be able to donate to help rebuild Notre Dame Cathedral. Although bitcoin isn’t one of the approved currencies, France’s Minister for Digital Affairs Cedric O said he is willing to speak to crypto platforms about possibly allowing bitcoin donations. But we are open to discussing with others.

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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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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. BDVH has partnered with Bitbond to introduce EURB to the Stellar network, the release stated.

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Stablecoins Cross-Border Mobile Payments Bitcoin 68

PYMNTS

AUGUST 9, 2020

In other news, the Binance stablecoin can now be accessed in New York since the state’s financial watchdog gave it the go-ahead, CoinDesk reported. BUSD is a white-label stablecoin from the Paxos Trust Company , which was allowed to issue the coins by the NYDFS in 2018.

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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.

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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 We see companies willing to issue tokens pegged to certain real assets. “We We see companies willing to issue tokens pegged to certain real assets.

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PYMNTS

JULY 31, 2019

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.

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Stablecoins Regulations Financial Crimes Crime 75

PYMNTS

SEPTEMBER 16, 2019

Stablecoins such as Facebook’s planned Libra cryptocurrency were the focus of discussion at the “ Conference on global stablecoins ” in Basel, Switzerland. The Group of Seven (G7) countries called the meeting to analyze stablecoins like Facebook’s Libra and JPMorgan’s JPM Coin.

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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. Confirmed in a Dec.

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PYMNTS

JULY 7, 2020

Regulators are taking in an interest in stablecoins, with the Financial Action Task Force (FATF) noting in a report the digital currencies need to adhere to norms to offer protection from the terrorism financing and money laundering, Bloomberg reported.

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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.

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Fintech News

NOVEMBER 4, 2024

The platform supports 38 cryptocurrencies, such as Bitcoin, Ether, and stablecoins like Tether and USD Coin. Zodia reportedly initiated the fundraising process in October with assistance from crypto-focused advisory firm Architect Partners. Zodia previously raised US$36 million Series A funding round led by SBI Holdings in 2023.

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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. The filing process only takes about 45 days, but Sberbank is also still debating how Sbercoin will be taxed, according to Cointelegraph, citing news agency Interfax.

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Stablecoins Bitcoin Cryptocurrency Blockchain 56

PYMNTS

MAY 3, 2019

Bitcoin price seems to be recovering — up low single digit percentage points at this writing — to a bit more than $5,700, and then backing off a bit to a recent $5645. The Times noted there are “no immediate news catalysts” that are in place to send bitcoin higher. A real lift or a dead cat bounce?

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