Search results for "bitcoin"

April 05, 2013
First Bitcoin ATM Machine To Debut In Cyprus

Cyprus will be the first country to officially introduce the world’s first Bitcoin ATM machine, reported Mashable. This new machine is set to accept Bitcoins for cash, and vice versa....

April 05, 2013
Berlin-Headquartered 9Flats Now Accepts Bitcoin Payment

9Flats, a Berlin-headquartered short rentals company, will start accepting bitcoin payments, reported TechCrunch. 9Flats previously accepted payments through credit cards and PayPal accounts. However the new support comes with fine...

April 04, 2013
World’s Largest Bitcoin Market, Mt. Gox, Suffers DDoS Attack

Mt. Gox, the world’s largest Bitcoin market, said it’s was forced offline yesterday by an ongoing Distributed Denial of Service (DDoS) attack, VentureBeat reports. Mt. Gox wrote on its Facebook...

April 03, 2013
Bitcoin Service Instawallet Shuts Down After Hacking

Bitcoin wallet service Instawallet has shut down “indefinitely” after being hacked, according to VentureBeat. Instawallet claims it is shutting down until it can develop an “alternate architecture,” and that it...

April 02, 2013
What’s Behind Bitcoin’s All Time High?

Money doesn’t grow on trees, but it does however grow in the virtual world of the bitcoin. The mysterious decentralized currency that the majority of consumers are still trying to...

April 02, 2013
Bitcoin Value Surpasses $100

The value of a single bitcoin surpassed $100 on Monday, according to VentureBeat. The virtual currency traded at $104.50 per unit at its peak on Mt. Gox, the largest bitcoin...

March 31, 2013
Bitcoin Founders: “We Don’t Really Get How This Works Either”

Satoshi Nakamoto, the “pseudonymous person or group of people” who designed the bitcoin protocol in 2008, have admitted that they too are confused by the virtual currency they helped to...

March 27, 2013
Expensify Allows For International Reimbursement Via Bitcoin

Expense report startup Expensify is allowing employers to reimburse their international workers with Bitcoin, reports VentrueBeat. “Bitcoin is perfect for international transfers,” Expensify CEO David Barrett told VentureBeat. “It’s secure,...

March 24, 2013
Canadian Man Tries To Sell Home For Bitcoins

Canadian entrepreneur Taylor More is attempting to sell his Alberta home for bitcoins, according to Finextra. More has listed his home for C$405,000 but is offering to reduce the price...

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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.  
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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.