Benjamin Lawsky, the former New York state financial services chief, certainly wasn’t a fan of bitcoin or virtual currencies. But now, he seems to be warming up to the technology underpinning it — blockchain. Lawsky is known for his outspoken views and push toward regulating...
Editor’s Note: This article is part of the PYMNTS.com special April Fools’ edition. Any connection to fact is purely coincidental. ………………………………………. In an unprecedented federal government-sponsored collaboration, President Barack Obama and White House leaders, including the CFPB, have come together to open up a national...
What do a Russian presidential advisor and JPMorgan CEO Jamie Dimon have in common? If you guessed a disdain and hatred for bitcoin, you’d be on the money – so to speak. So for anyone who thinks bitcoin is like the “Internet of money,” this advisor...
“There exists a bizarre gap in today’s state of financial services.” That’s the philosophy of Shake, a new startup in the bitcoin world that is (unsurprisingly) trying to pitch a payment method that doesn’t involve banks, governments or regulators. Instead, its latest product rollout is...
City held hostage. Hospital held hostage. Businesses held hostage. Thank you, bitcoin. And one of the many reasons why, among plenty of other issues, this virtual currency had no credibility in the mainstream financial ecosystem. Those three situations listed above are all very much a reality...
The defunct Mt. Gox bitcoin exchange case is back in the mainstream news cycle, and this time, it’s back in the U.S. A federal judge ruled yesterday (March 15) that the U.S. lawsuit that names Japan’s Mizuho Bank, part of Mizuho Financial Group, as being involved...
Microsoft got a little less bitcoin-friendly, but only in a momentary lapse. Without much of a fuss, Microsoft appeared to have quietly taken away its support for bitcoin payments on the Windows Store, just a year after it added support for the digital currency. Turns out...
As infamous bitcoin criminals like Ross Ulbricht have learned, it’s not impossible to get caught. And, as law enforcement has learned, the dark side of bitcoin has its perks. At least, when it comes to catching criminals. Criminals, for example, like the Czech national Thomas Jiikovský,...
It was only a matter of time. That a pastor … got nabbed for his alleged involvement in a bitcoin banking hacking scheme? But more on that later. First, we’ll start with bitcoin’s nightmare of the week. The contentious debate about bitcoin’s block size that...