Blockchain is drawing government scrutiny worldwide as regulators seek to constrain fraudsters, limit its environmental impact and protect investors and enthusiasts from the technology’s potential drawbacks. The European Union and the United States are currently taking the lead in blockchain regulation, although other countries, such...
It has been a rocky 12 months for bitcoin. One year ago, bitcoin hit its all-time high of $68,789. Today, it’s back below $20,000, having lost 70% over the last 12 months. As bitcoin neared its record high last November, analysts attributed the rally in...
As cryptocurrency enters the mainstream, lawmakers struggle to create regulations that strike a balance between limiting the technology’s risk while also unlocking its benefits. In this month’s Blockchain Payments Tracker®, Andreas Veneris of the University of Toronto tells PYMNTS why he thinks cross-border payments would...
Cryptocurrency is exploding in popularity but brings with it significant personal and societal risks. Bitcoin, for example, was valued at approximately $16,000 per coin in 2017 before skyrocketing to nearly $65,000 last year, just to plummet right back down to its current value of approximately...
The two biggest hurdles to greater use of Ethereum blockchain transactions have historically been high transaction fees and the enormous environmental cost. Alongside the merge on Sept. 15 that transitioned the No. 2 blockchain into Ethereum 2.0, its electric power usage dropped from nation-sized to negligible thanks...
Crypto lobbying group Blockchain Association has asked permission to support cross-border payments company Ripple as a friend of the court in its case against the U.S. Securities and Exchange Commission (SEC). According to published reports Sunday (Oct. 30), the Washington, D.C., organization is also asking...
Blockchain-based digital B2B payments network CoreChain Technologies and bill payment platform BillGO have partnered to enhance the delivery of payments and the management of supplier onboarding. BillGO will integrate CoreChain’s virtual card payments program, thereby allowing any company to offer an encrypted, secure payments solution...
In discussions of blockchain technology and its effect on payments, the idea that cryptocurrencies like Bitcoin will replace fiat money abounds. While arguments for and against the feasibility of such a hypothetical future tend to split opinions, several tokens are already powering cross-border transactions for...
Chemical giant BASF expanded a 2-year-old Canadian plastics recycling pilot from British Columbia to Alberta June 1, bringing Edmonton and Calgary into “reciChain,” a blockchain-based project to help recyclers correctly sort plastics, which can only be recycled with like products. The move marks the latest...
