Cryptocurrency

Cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.

Source: en.wikipedia.org

Only 10% of Banks Support Crypto — Usually Bitcoin — for Cross-Border Deals

Only 10% of Banks Support Crypto — Usually Bitcoin — for Cross-Border Deals
Only 10% of Banks Support Crypto — Usually Bitcoin — for Cross-Border Deals
November 19, 2021  |  Cryptocurrency

Despite the availability of new payment options, many financial institutions (FIs) lag behind marketplace interest in cross-border payments innovations, especially when providing B2B access to...

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IRS Seizes $3.5B in Crypto in FY 2021
IRS Seizes $3.5B in Crypto in FY 2021
November 19, 2021  |  Security & Fraud

The Internal Revenue Service (IRS) seized $3.5 billion in cryptocurrencies during the fiscal year 2021, accounting for 93% of the assets seized during the year....

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This Week in Payments: Merchants Consider Crypto, Consumers Return to Stores and Fraudsters Target Shoppers
This Week in Payments: Merchants Consider Crypto, Consumers Return to Stores and Fraudsters Target Shoppers
November 19, 2021  |  Payment Methods

It was another big week for cryptocurrency — with news about regulation, crypto-native wallets and a huge new potential for expanded merchant acceptance of crypto....

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BitPay Offering Black Friday Deals For Crypto Users 
BitPay Offering Black Friday Deals For Crypto Users 
November 19, 2021  |  Cryptocurrency

The cryptocurrency payments provider BitPay says it is offering an early holiday gift to Black Friday shoppers who prefer to pay in crypto.  Get the...

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Argentina Releases Decree to Tax Crypto Exchanges, Transactions
Argentina Releases Decree to Tax Crypto Exchanges, Transactions
November 19, 2021  |  Taxes

Most cryptocurrency transactions and exchanges will be subject to taxation in Argentina after the government clarified and updated new rules limiting tax exemptions to third-party...

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DeFi Losses Top $10B From Exploits, Fraud, Theft
DeFi Losses Top $10B From Exploits, Fraud, Theft
November 19, 2021  |  Security & Fraud

Decentralized finance (DeFI) platforms have been the target of criminal attacks, with fraud and theft topping $10 billion, according to a report entitled Risk, Regulation,...

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Bitcoin Daily: Canadian Youth Arrested in $36M Bitcoin Heist; Willston, ND Puts Bitcoin ATM in Airport
Bitcoin Daily: Canadian Youth Arrested in $36M Bitcoin Heist; Willston, ND Puts Bitcoin ATM in...
November 18, 2021  |  Bitcoin

An unnamed Canadian minor has been charged in a $36 million digital heist that authorities said is the largest-ever bitcoin theft from a lone victim,...

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US Reps Hope to Amend Infrastructure Bill’s Crypto Rules 
US Reps Hope to Amend Infrastructure Bill’s Crypto Rules 
November 18, 2021  |  Cryptocurrency

A bipartisan collective of U.S. congressional representatives has introduced a bill aimed at dealing with a tax reporting requirement for cryptocurrency in the $1.7 trillion...

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Cash App to Add Bitcoin Taproot Support
Cash App to Add Bitcoin Taproot Support
November 18, 2021  |  Bitcoin

Cash App is moving forward to integrate support for the Taproot Bitcoin upgrade by Dec. 1, an enhancement that enables Taproot to offer developers an...

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