On The Web

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Systems

Opera Browser Adds Apple Pay, Debit Card Cryptocurrency Purchase Options – CoinDesk

March 18 2020

• in
• Cryptocurrencies

“In a deal that primarily caters to mobile crypto buyers in the U.S., the Opera – Wyre partnership brings Apple Pay functionality to iOS and debit card integration to Android. It lets users of either system purchase up to $250 in bitcoin or ether daily, for a 30 cent fee plus a 2.9 percent transaction […]

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Regulation

Fed’s View on the Digitalization of B2B Payments and Digital Currency

March 18 2020

• in
• Cryptocurrencies

…This all comes with the knowledge that banks are subject to regulatory oversight, (i.e., they are safe) and payment card networks promise to not make cardholders pay for fraud as long as they get the right to charge usury interest to cardholders. That’s the implicit arrangement they make with the Fed. But as non-banks make […]

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Systems

Amendment to Special Reporting Act Passes – Cryptocurrency Now Fully Legal in South Korea

March 5 2020

• in
• Cryptocurrencies

“The amendment to the Act on Reporting and Use of Specific Financial Information passed this afternoon in a full session of National Assembly. The passing of the amendment signifies the official entry of cryptocurrency trading and holding into the legal system for the South Korean government. A restructuring of the domestic blockchain industry is expected […]

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Systems

India lifts ban on cryptocurrency trading

March 4 2020

• in
• Cryptocurrencies

“India’s Supreme Court on Wednesday overturned central bank’s two-year-old ban on cryptocurrency trading in the country in what many said was a “historic” verdict. The Reserve Bank of India had imposed a ban on cryptocurrency trading in April 2018 that barred banks and other financial institutions from facilitating “any service in relation to virtual currencies.””

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Deals

Bakkt Raises $300M Series B From Microsoft, Pantera

March 18 2020

• in
• Cryptocurrencies

“Crypto derivatives provider Bakkt closed a $300 million Series B fundraising round and shared additional details about its upcoming mobile application in a blog post Monday. According to the post, authored by CEO Mike Blandina, Microsoft’s M12, PayU, Boston Consulting Group, Goldfinch Partners, CMT Digital, Pantera Capital and Bakkt parent firm Intercontinental Exchange (ICE) all […]

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Providers

JPMorgan Extends Banking Services to Bitcoin Exchanges

May 13 2020

• in
• Banks
• Cryptocurrencies
• Digital currencies

“JPMorgan Chase & Co. has taken on two well-known bitcoin exchanges, Coinbase Inc. and Gemini Trust Co., as banking customers, according to people familiar with the matter, the first time the bank has accepted clients from the cryptocurrency industry. The move is the latest in a string of positive developments for bitcoin and another sign […]

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Systems

Samsung Partners With Winklevoss Exchange to Expand Crypto Push

May 29 2020

• in
• Cryptocurrencies

“Gemini Trust Co., the cryptocurrency venture run by the Winklevoss brothers, is partnering with Samsung Electronics Co. to allow users to more easily trade and store digital assets on mobile phones. Gemini is the first crypto exchange to let U.S. and Canadian users of Samsung’s blockchain wallet view balances in their wallet app. Customers wishing […]

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Companies

Square Unveils Bitcoin Auto Payments Tool

May 21 2020

• in
• Bitcoin
• Cryptocurrencies
• Square

“Dorsey said on Twitter – that other company he runs – that Cash App had, from Monday, enabled automatic purchases of bitcoin at regular intervals, such as daily, weekly or fortnightly. Although there’s a minimum $10 purchase, the new feature provides users with the ability to gradually gain exposure to the original cryptocurrency without exposing […]

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Systems

Reddit Launching a Cryptocurrency to Reward Users for Engagement

May 18 2020

• in
• Cryptocurrencies
• Digital currencies

“Reddit Inc. , the often controversial website and discussion platform that is a favorite of many cryptocurrency enthusiasts, is launching its own digital token. Through the summer, users of two Reddit subgroups familiar with digital coins, including the 1 million-member r/CryptoCurrency , will be able to earn tokens for things like posting a comment. The […]

On The Wires

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Systems

As Cryptocurrency Use Grows, Worldpay From FIS Helps Crypto Brokers and Exchanges With New Chargeback Indemnification Service From Forter

June 4 2020

• in
• Cryptocurrencies

“FIS, a global leader in financial services technology, today announced Fraud Freedom, a new chargeback indemnification service designed for cryptocurrency brokers and exchanges. Worldpay’s Fraud Freedom service helps crypto brokers and exchanges optimize payment conversion and authorization rates while providing indemnification from Forter, the leading eCommerce fraud prevention provider.”