Bitcoin

Bitcoin is a cryptocurrency. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.

Block Wants to Win With AI, Merchant Verticals and Banking 
Block Wants to Win With AI, Merchant Verticals and Banking 
November 02, 2023  |  Earnings

The return of Jack Dorsey to Square has been good news for its parent, Block. As PYMNTS reported, former Square CEO Alyssa Henry departed the company last month on Oct. 2,...

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PayPal Shares Soar in Response to Leaner Company Strategy
PayPal Shares Soar in Response to Leaner Company Strategy
November 02, 2023  |  Earnings

PayPal reportedly experienced an increase in market value after committing to become a “leaner” company. The global payments giant’s shares climbed almost 7% to $55.12...

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PayPal Subpoenaed by SEC Over Stablecoins
PayPal Subpoenaed by SEC Over Stablecoins
November 02, 2023  |  Regulation

PayPal’s new stablecoin offering has caught the attention of regulators. The payments giant said in a regulatory filing Thursday (Nov. 2) that it had received...

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Prosecutors and Defense Present Closing Arguments in Sam Bankman-Fried Trial
Prosecutors and Defense Present Closing Arguments in Sam Bankman-Fried Trial
November 01, 2023  |  Legal

Prosecutors and defense attorneys presented contrasting narratives of Sam Bankman-Fried’s alleged involvement in fraud and money-laundering offenses Wednesday (Nov. 1). They did so while presenting...

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Coinbase Opens Crypto Futures Trading to More Retail Customers
Coinbase Opens Crypto Futures Trading to More Retail Customers
November 01, 2023  |  Cryptocurrency

Coinbase said American customers can now trade leveraged cryptocurrency futures on Coinbase Financial Markets (CFM). CFM won approval earlier this year to bring federally regulated...

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Bitcoin Surges to 17-Month High Before Retreating
Bitcoin Surges to 17-Month High Before Retreating
November 01, 2023  |  Bitcoin

Bitcoin experienced a brief surge to a fresh 17-month high Wednesday (Nov. 1) before retreating from the $35,000 mark.  The cryptocurrency jumped around 1.5% to...

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JPMorgan: JPM Coin Handles $1 Billion in Daily Transactions
JPMorgan: JPM Coin Handles $1 Billion in Daily Transactions
October 26, 2023  |  Blockchain

J.P. Morgan said its digital token now handles $1 billion in daily transactions. “JPM Coin gets transacted on a daily basis mostly in U.S. dollars,...

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FTX Seeks Answers on Sam Bankman-Fried’s Payment to AI Nonprofit
FTX Seeks Answers on Sam Bankman-Fried’s Payment to AI Nonprofit
October 26, 2023  |  Cryptocurrency

FTX wants answers about $6.5 million its founder gave to an artificial intelligence (AI) nonprofit. The bankrupt cryptocurrency firm’s new management said in a Wednesday...

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FTX Gets Revamp Proposals From 3 Bidders
FTX Gets Revamp Proposals From 3 Bidders
October 25, 2023  |  Cryptocurrency

FTX received multiple proposals from bidders hoping to resurrect the bankrupt cryptocurrency exchange. Investment banker Kevin Cofsky of Perella Weinberg Partners said during a Tuesday...

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