Payments News

On The Web

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Regulation

Illinois Moves to Create Special Charter for Digital Assets Trust

“Illinois may soon become the second state in the nation — and the biggest — to create a new banking charter that lets special trusts hold digital assets, including cryptocurrencies. The Illinois House committee on Financial Institutions on Tuesday unanimously passed a bill to create the new charter for “special purpose trust” companies, potentially putting the bill […]
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Deals

Bitcoin Sleuthing Start-up Chainalysis Doubles Valuation to $2 Billion With Benioff Backing

“Chainalysis, a start-up that sells blockchain data analytics tools, announced Friday that it’s raised $100 million in an investment round valuing the company at $2 billion…Founded in 2014, Chainalysis helps governments and private sector companies detect and prevent the use of bitcoin and other cryptocurrencies in illicit activities like money laundering with its investigations and […]
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Global

Pakistani Province Plans to Build Pilot Crypto Currency Mining Farms

“The Pakistani province of Khyber Pakhtunkhwa is planning to build two hydroelectric-powered pilot “mining farms” to capitalise on a bullish global cryptocurrency market, a minister overseeing a new government crypto policy told Reuters on Wednesday. The announcement comes as cryptocurrencies are gaining mainstream acceptance, with Bitcoin’s price reaching record levels as investors such as Elon […]
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Global

India to Propose Cryptocurrency Ban, Penalising Miners, Traders – Source

“India will propose a law banning cryptocurrencies, fining anyone trading in the country or even holding such digital assets, a senior government official told Reuters in a potential blow to millions of investors piling into the red-hot asset class. The bill, one of the world’s strictest policies against cryptocurrencies, would criminalise possession, issuance, mining, trading […]
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Companies

PayPal’s Entry to Crypto Followed Long Buildup in Expertise

“PayPal Holdings Inc. became one of the largest companies in the U.S. to enter the market for digital currencies with its announcement last October that it would allow its millions of U.S. users to sell, buy and hold cryptocurrencies. Over the past few weeks, several other companies have announced their plans for cryptocurrencies, ranging from Tesla […]

On The Wires

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Global

Fintech Startup reaches important Milestone with Payment Partner Concardis Nets Group

“Concardis, as part of the Nets Group one of Europe’s leading payment service providers, and Salamantex , Austrian specialist in the development of software solutions for crypto-payment, are rolling out the acceptance of digital currencies such as Bitcoin, Ether, and Ripple nationwide in Austria. Accordingly, they are enabling merchants, service providers, and restaurateurs to accept […]
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Companies

PayPal Launches “Checkout With Crypto”

“PayPal Holdings, Inc. (NASDAQ: PYPL ) today announced the launch of Checkout with Crypto, a new feature which significantly expands the utility of cryptocurrency. Available at millions of global online businesses and continuing to expand over the coming months, PayPal customers with cryptocurrency holdings in the U.S. will be able to choose to check out with […]
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Systems

Paysafe’s Skrill Expands Crypto Offering to US With Coinbase

“Paysafe, a leading specialized payments platform, today announced that its Skrill digital wallet has expanded its cryptocurrency offering to the U.S. in partnership with Coinbase, the digital currency platform provider. The deal sees Coinbase provide a new cryptocurrency white label solution to Skrill, continuing the digital wallet’s U.S. expansion by enabling customers across 37 states […]
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Deals

Fireblocks Raises $133 Million in Series C Funding To Bring the World’s Biggest Banks and Fintechs Into Crypto

“Fireblocks ( www.fireblocks.com ), announced today it has raised $133 million in Series C funding led by Coatue , Ribbit , and Stripes with strategic investment from The Bank of New York Mellon ( ” BNY Mellon” ) and SVB . The completion of this round of financing, which includes participation from previous investors, including Paradigm, Galaxy Digital, […]