Search results for "bitcoin"

September 10, 2024
Unregistered Crypto ATMs Lead to Landmark UK Prosecution 

A British regulator has charged a London man for operating several unlicensed crypto ATMs. Olumide Osunkoya, 45, has been charged with a running series of unlicensed machines that let users...


September 09, 2024
FBI Says 50% of All Financial Fraud Losses Involve Cryptocurrency

The number of cryptocurrency-related complaints accounted for 10% of all financial fraud complaints but 50% of the total losses in 2023. That is due in part to the use of...


September 08, 2024
Report: DOJ Begins Probe Into Nvidia Contracts and Partnerships

American regulators are reportedly probing whether tech giants are abusing their AI marketplace position. Among these companies under probe is Nvidia, the Wall Street Journal (WSJ) reported Sunday (Sept. 8)....


September 06, 2024
Mastercard’s Crypto Debit Card Integrates With Apple and Google Pay

More than half a billion people own crypto, primarily as a speculative investment. And now, with the news Thursday (Sept. 5) that Mercuryo has launched a euro-denominated debit card that...


September 06, 2024
AI Startup’s $1B Windfall Signals Potential Shake-up in Global Business...

A three-month-old artificial intelligence (AI) startup’s eye-popping $1 billion funding round could signal a shift in how the technology affects commerce. Safe Superintelligence (SSI), co-founded by former OpenAI chief scientist...


September 04, 2024
This Week Web3: Scams, Payments and Stablecoins

A lot can change in five years, particularly when it comes to fast-moving innovations like blockchain technology. Back in 2019, the crypto landscape was marked by several themes and trends...


September 03, 2024
FTC Reports Tenfold Increase in Scams Involving Bitcoin ATMs

As bitcoin ATMs have been installed in more locations, they have become a “payment portal for scammers,” the Federal Trade Commission (FTC) said in a Tuesday (Sept. 3) data spotlight. The...


September 01, 2024
Lawmakers Say Crypto Bill Passage Would Be Long Shot for...

Will this year see a cryptocurrency bill make it through Congress? There’s a chance, according to a Sunday (Sep. 1) report by Coindesk, though it’s a longshot. The report cited...


September 01, 2024
Coinbase Reports First ‘AI to AI’ Token Purchase

Coinbase says it has seen its first-ever “AI to AI” crypto transaction. In a post on X Friday (Aug. 30), CEO Brian Armstrong said the cryptocurrency exchange had overseen its...


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.