EXCLUSIVE – #Payments might not be a substantial portion of social media platform #Facebook’s revenues, but it is an important one — particularly as non-payment companies increasingly begin to launch payment capabilities for social media platforms such as Messenger. In its Q4’17 earnings call yesterday, Facebook reported a $ 193 million in revenues from payments. That’s […]
Bank Innovation
EXCLUSIVE — It’s not even a month into #2018 and already so much has changed. The #cryptocurrency #bitcoin, which shocked everyone by surpassing $ 17K, further shocked everyone by dropping below $ 10K. Then of course there are various other events sweeping the financial services space, from new tax laws in the U.S., to the rise of […]
Bank Innovation
Sure, #cryptocurrency and #bitcoin might seem like the talk of the town, but a recent survey found that #most #people #don’t even #know what a digital currency is. According to a survey conducted by cryptocurrency platform COBINHOOD, only 56% of the 1,035 Americans surveyed knew that cryptocurrency is a digital decentralized currency designed as a […]
Bank Innovation
The Israeli government is creating its own “digital shekel,” according to multiple reports. The move is apparently driven by the desire to reduce black market activity, which makes up 22% of the country’s GDP, the report says. Hand in hand with this is a move to reduce paper cash, a great deal of which is […]
Bank Innovation
#South Korea today said it would allow regulators to close virtual currency exchanges as well as ban all anonymous digital currency accounts as part of one of the many measures it has outlined to crack down on digital trading. The announcement likely contributed to the #price of the best known #cryptocurrency, #bitcoin (BTC) to #drop […]
Bank Innovation
EXCLUSIVE – #Cryptocurrency #exchange, #Poloniex is imposing a #verification process on all its account holders, but is also providing a great incentive for them to do so. The U.S.-based exchange said earlier this week that it would require all account holders (new and existing ones) to verify their identities through a know-your-customer (KYC) due diligence process […]
Bank Innovation
#Bitcoin has had a volatile December, from reaching an all-time high of over $ 19K to crashing down more than 30%. There is no dearth of reasons for why the price for #cryptocurrency has been falling, from blaming the recent the hack of South Korea’s cryptocurrency exchange Youbi last week, or simply an overall reluctance by […]
Bank Innovation
Top #bitcoin marketplace #Coinbase has rolled out support for rival digital currency Bitcoin #Cash, prompting a 10% drop in the value of bitcoin yesterday. The platform, which is the most popular place for U.S. users to buy and sell bitcoin, said yesterday that users would immediately be able to buy and sell Bitcoin Cash, “once […]
Bank Innovation
The #price of #bitcoin today is down: very down. The price of the #cryptocurrency fell more than 25% its all-time #high of about $ 20,000. The news comes days #after a South Korean cryptocurrency exchange Youbit was hacked earlier this week. Today bitcoin is at $ 11330 as of 10.00 AM ET. That’s staggering plunge from its […]
Bank Innovation
Just over half of #cryptocurrency #investors believe that it will be integrated into the everyday economy in the coming years. According to a recent survey by #blockchain platform Waves, 51% of cryptocurrency investors across the world believe this. Further, 90% of the 700 crypto investors around the world that were surveyed believe in the #future […]
Bank Innovation
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