Search results for "bitcoin"

January 18, 2024
Binance Records $4.6 Billion in Inflows Following US Government Settlement

Last November, Binance paid a landmark $4.3 billion settlement to the U.S. government. Since then, the world’s largest cryptocurrency exchange has recorded net inflows of $4.6 billion, Bloomberg News reported Thursday (Jan. 18),...


January 17, 2024
Bankman-Fried’s Parents Seek to Quash FTX Lawsuit

Sam Bankman-Fried’s parents say they can’t be held accountable for their son’s actions at FTX. Joseph Bankman and Barbara Fried were sued last year by FTX, with the bankrupt cryptocurrency exchange alleging that...


January 15, 2024
JPMorgan Dubious Bitcoin ETFs Will Draw New Capital

J.P. Morgan analysts are doubtful about the promise of bitcoin exchange-traded funds (ETFs). The banking giant thinks bitcoin ETFs will draw substantial funds from other crypto products, just not new...


January 14, 2024
OpenSea Wants NFTs to Evolve as Market Plunges 63%

Last year was not a good one for non-fungible tokens (NFTs). Sales for the blockchain-based digital assets fell 63% to $8.7 billion in 2023, even with volume tripling between October and November,...


January 14, 2024
Senators Want Better SEC Cybersecurity After EFT-Related Hack

Two U.S. senators want the Securities and Exchange Commission (SEC) to up its cybersecurity game after a recent hack. Last week, someone breached SEC’s account on X to falsely announce the regulator’s long-awaited...


January 11, 2024
Report: FTX Customers Feel Cheated by Bankruptcy Repayment Plan

Some former FTX customers are reportedly unhappy with the bankrupt cryptocurrency company’s repayment plans. More than 80 customers have written to the federal bankruptcy judge overseeing the case to slam...


January 11, 2024
Codego Launches Payment App for Personal and Business Use 

Codego Group, a company specializing in white-label crypto cards, has launched an all-in-one payment app that combines IBANs, cards and crypto-euro conversions.  The new CodegoPay payment solution is available for both personal...


January 11, 2024
Stablecoin Issuer Circle Resurrects Plan to Go Public

Stablecoin issuer Circle Internet Financial is relaunching its plan to go public. The company confidentially filed paperwork for an initial public offering (IPO) with the U.S. Securities and Exchange Commission...


January 11, 2024
SEC Authorizes Bitcoin ETF Without Endorsing Bitcoin

American regulators have approved bitcoin exchange-traded funds in a victory for the cryptocurrency sector. The Wednesday (Jan. 10) announcement by the Securities and Exchange Commission (SEC) came after years of opposition to the idea...


AML/KYC
How Gemini Balances User Privacy With AML And KYC Compliance Cryptocurrencies’ anonymous nature makes them popular, but crypto exchange platforms are still required to collect buyers’ personal data for AML and KYC compliance. In the “AML/KYC Tracker,” a PYMNTS and Trulioo collaboration, Elena Hughes, chief compliance officer at Gemini, explains how platforms can selectively collect data to ensure user privacy and adhere to regulations.  
The Corporate Treasury Shift: Asset Allocation And The New Cryptocurrency Option
More Banks Turn to Crypto, Blockchain to Help Corporates Drive Global Growth Fifty-eight percent of multinationals that do business in six or more countries use cryptocurrencies in their day-to-day operations. A new PYMNTS study of 250 multinational financial institutions (FIs), sponsored by Circle, examines how their corporate customers are using blockchain and crypto to manage liquidity, make payments and drive global growth — and the digital currency imperative it implies for FIs that wish to retain those corporate relationships.