Coin News

Bitcoiners have a knack for rebellion. They champion above all else the decentralized nature of Bitcoin, and how it can’t be controlled by a central bank or other centralized entity. They can carry an aversion to banks – private or public – and governments, as well. That explains some images which recently surfaced on the […]

The post A Bitcoiner Turned $100 Bills into Bitcoin Paper Wallets appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Washington, D.C.-based Chamber of Digital Commerce, an association focused on promoting the acceptance and use of digital assets and...

The post Industry Advocacy Groups Launch Global Blockchain Forum to Help Guide Policies Worldwide appeared first on Bitcoin Magazine.

Australia’s securities regulator has suggested that it is powerless to intervene in a customer funds dispute involving the bitcoin service Igot.

A number of employees from the company behind bitcoin tipping service ChangeTip have reportedly been hired by travel accommodations startup AirBnB.

The Estonian Supreme Court has ruled in favor of new restrictions on bitcoin trading in the wake of a lawsuit filed by a bitcoin broker.

Last month the U.S. State Department launched the "American Innovation Roadshow" with the Association of Southeast Asian Nations (ASEAN)....

The post U.S. State Department Recommends Development of Blockchain and Distributed Ledgers to International Partners appeared first on Bitcoin Magazine.

Bitcoin price eeks it out in a narrow range. Some lows, some highs but none of them to a new extreme. The eventual direction of trend remains unclear. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the […]

The post Bitcoin Price Approaching Overhead Resistance appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Bitcoin Core contributor Peter Todd recently discussed a variety of topics on The Crypto Show. Todd was asked if he is still worried about...

The post Peter Todd Worried About Those Willing to ‘Fork Bitcoin at All Costs’ appeared first on Bitcoin Magazine.

MMM Global has announced that it is closing its Republic of Bitcoin, a website promising up to 100% returns on donations. The company, called a “Ponzi” scheme by many, stated in a blog that the Republic of Bitcoin was an experiment that has failed. The post said the Republic of Bitcoin is closing because it […]

The post MMM Global Closes Republic of Bitcoin, an Alleged Ponzi Scheme appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Industry commentators weigh in on the impact of Circle's new e-money license in the UK.

With the halving looming and transaction capacity maxed out, some are predicting a doomsday scenario. Much, therefore, depends on the Lightning Network. A “decentralized network using smart contract functionality in the blockchain to enable instant payments” which is capable of an amazing “millions to billions of transactions per second” according to the Lightning Network’s website. […]

The post Bitcoin Scalability: An Inside Look at Lightning’s Race to Save the Day appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Distributed financial settlement solutions provider Ripple has announced the hire of Marcus Treacher, a veteran in transaction and payment systems banking. Treacher is a former executive at HSBC and member of the Global Board at SWIFT. In a press release, Ripple has announced a new hire in Marcus Treacher, as its new global head of […]

The post Ripple Hires Former SWIFT Board Member & Banking Executive appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

Distributed financial settlement solutions provider Ripple has announced the hire of Marcus Treacher, a veteran in transaction and payment systems banking. Treacher is a former executive at HSBC and member of the Global Board at SWIFT. In a press release, Ripple has announced a new hire in Marcus Treacher, as its new global head of […]

The post Ripple Hires Former SWIFT Board Member & Banking Executive appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

A proliferation of illegal activities admittedly took place on darknet Silk Road marketplace. Very quickly, politicians like Charles Schumer took aim at the Silk Road. Brought down in 2013 by law enforcement, the Silk Road did put an idea into society that is likely here to stay; distributed e-commerce, anonymous and peer-reviewed as can be […]

The post A Sober Look at the Silk Road amid Changing Drug Laws appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

The Chamber of Digital Commerce (CDC) has launched the Global Blockchain Forum (GBF), a partnering of the leading trade associations for the blockchain and digital asset industries. The goal is to create industry best practices and international regulatory interoperability. Founding members include CDC, the United Kingdom Digital Currency Association, the Association of Crypto-Currency Enterprises and […]

The post Global Blockchain Forum Launched to Coordinate Regulatory Interoperability and Best Practices appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

CoinWallet, an online bitcoin and multicoin wallet service has announced the closure of its services. The announcement cites a recent data breach that struck the wallet and bitcoin services provider on April 6, 2016. Online multicoin wallet service Coinwallet is shutting down its services following a recent data breach. Although the extent of the breach […]

The post Bitcoin & Multicoin Wallet Provider CoinWallet Shuts Down appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

This story was delivered to BI Intelligence "Payments Industry Insider" subscribers. To learn more and subscribe, please click here.

New data from the Electronic Payments Association (NACHA) indicates that most major banks are on track to meet the target September 23 deadline for implementing same-day ACH.

When speaking with 22 of the top 25 ACH-originating institutions, NACHA found that 95% will offer their clients same-day ACH by the end of 2016, largely to offer payroll and same-day business-to-business (B2B) transaction services. The financial institutions also plan to offer expedited bill pay and peer-to-peer (P2P) transfer services.

The Faster Payments Task Force has been working with financial institutions to help with implementing same-day ACH in the US. The Fed recently announced plans to have McKinsey assess faster payments implementation solutions based on ubiquity, efficiency, safety and security, speed, and legality.

And implementing same-day ACH will help the US catch up with its peer nations — currently, transactions in the US often take multiple days to clear, but countries like the UK have been offering real-time or same-day payments since 2008.

The world of payments is rapidly evolving, and consumers and companies alike are constantly trying to stay ahead of the pack in order to understand the future of this industry.

Evan Bakker and John Heggestuen, analysts at BI Intelligence, Business Insider's premium research service, have compiled a detailed report on the payments ecosystem that drills into the industry to explain how a broad range of transactions are processed, including prepaid and store cards, as well as revealing which types of companies are in the best and worst position to capitalize on the latest industry trends.

Here are some key takeaways from the report:

• 2016 will be a watershed year for the payments industry. Payments companies are improving security, expanding their mobile offerings, and building commerce capabilities that will give consumers a more compelling reason to make purchases using digital devices.
• Payments is an extremely complex industry. To understand the next big digital opportunity lies, it's critical to understand how the traditional credit- and debit-processing chain works and what roles acquirers, processors, issuing banks, card networks, independent sales organizations, gateways, and software and hardware providers play.
• Alternative technologies could disrupt the processing ecosystem. Devices ranging from refrigerators to smartwatches now feature payment capabilities, which will spur changes in consumer payment behaviors. Likewise, blockchain technology, the protocol that underlies Bitcoin, could one day change how consumer card payments are verified.

In full, the report:

• Uncovers the key themes and trends affecting the payments industry in 2016 and beyond.
• Gives a detailed description of the stakeholders involved in a payment transaction, along with hardware and software providers.
• Offers diagrams and infographics explaining how card transactions are processed and which players are involved in each step.
• Provides charts on our latest forecasts, key company growth, survey results, and more.
• Analyzes the alternative technologies, including blockchain, which could further disrupt the ecosystem.

To get your copy of this invaluable guide, choose one of these options:

1. Subscribe to an ALL-ACCESS Membership with BI Intelligence and gain immediate access to this report AND over 100 other expertly researched deep-dive reports, subscriptions to all of our daily newsletters, and much more. >> START A MEMBERSHIP
2. Purchase the report and download it immediately from our research store. >> BUY THE REPORT

The choice is yours. But however you decide to acquire this report, you’ve given yourself a powerful advantage in your understanding of the payments ecosystem.

Join the conversation about this story »

Global interest groups focused on bitcoin, blockchain and digital asset-related issues have come together to create a new business forum.

The technology behind Bitcoin is becoming more widely used, but startups and established institutions face conflicting regulations in different jurisdictions. The Global Blockchain Forum aims to help.

This story was delivered to BI Intelligence "Payments Industry Insider" subscribers. To learn more and subscribe, please click here.

In its Q1 2016 earnings call, Global Payments Inc., a US-based processor, gave some updates on its acquisition of Heartland Payment Systems, the sixth-largest US processor. The $4.3 billion acquisition, which was announced in December, is expected to close later in April. Together, the companies hope to generate more than $3 billion of net revenue annually.

Heartland will help continue to accelerate Global Payments’ growth. The firm’s net revenue increased by 6% year-over-year (YoY) in Q1 2016. And Global Payments also widened its margins in every region worldwide, with particularly strong growth in North America. Global Payments believes that Heartland's history of success will help the firm add $80 million-100 million to its revenues next year.

That’s because Heartland is strong in areas where Global Payments is trying to improve.

• Expansion: Heartland will help Global Payments expand its reach through 300,000 added merchants. And the acquisition has the potential to increase Global Payments transactions nearly 50% pro forma, which could help the firms grow returns across regions.  
• OpenEdge: OpenEdge, Global Payments’ integrated payments segment, has seen growth in the mid-to-high teens, but doesn't have more than 20% penetration into any of its merchant segments, according to Global Payments president and COO David Mangum. Heartland’s strong presence in the restaurant, hospitality, and education sectors could give Global Payments new markets to tackle. 

The world of payments is rapidly evolving, and consumers and companies alike are constantly trying to stay ahead of the pack in order to understand the future of this industry.

Evan Bakker and John Heggestuen, analysts at BI Intelligence, Business Insider's premium research service, have compiled a detailed report on the payments ecosystem that drills into the industry to explain how a broad range of transactions are processed, including prepaid and store cards, as well as revealing which types of companies are in the best and worst position to capitalize on the latest industry trends.

Here are some key takeaways from the report:

• 2016 will be a watershed year for the payments industry. Payments companies are improving security, expanding their mobile offerings, and building commerce capabilities that will give consumers a more compelling reason to make purchases using digital devices.
• Payments is an extremely complex industry. To understand the next big digital opportunity lies, it's critical to understand how the traditional credit- and debit-processing chain works and what roles acquirers, processors, issuing banks, card networks, independent sales organizations, gateways, and software and hardware providers play.
• Alternative technologies could disrupt the processing ecosystem. Devices ranging from refrigerators to smartwatches now feature payment capabilities, which will spur changes in consumer payment behaviors. Likewise, blockchain technology, the protocol that underlies Bitcoin, could one day change how consumer card payments are verified.

In full, the report:

• Uncovers the key themes and trends affecting the payments industry in 2016 and beyond.
• Gives a detailed description of the stakeholders involved in a payment transaction, along with hardware and software providers.
• Offers diagrams and infographics explaining how card transactions are processed and which players are involved in each step.
• Provides charts on our latest forecasts, key company growth, survey results, and more.
• Analyzes the alternative technologies, including blockchain, which could further disrupt the ecosystem.

To get your copy of this invaluable guide, choose one of these options:

1. Subscribe to an ALL-ACCESS Membership with BI Intelligence and gain immediate access to this report AND over 100 other expertly researched deep-dive reports, subscriptions to all of our daily newsletters, and much more. >> START A MEMBERSHIP
2. Purchase the report and download it immediately from our research store. >> BUY THE REPORT

The choice is yours. But however you decide to acquire this report, you’ve given yourself a powerful advantage in your understanding of the payments ecosystem.

Join the conversation about this story »

The Australian Digital Currency and Commerce Association (ADCCA) is recommending a code of conduct for bitcoin companies on account of the inability of the Igot bitcoin exchange to deliver bitcoins people paid for or refund their money, according to ABC. Igot clients said the exchange owes them hundreds of thousands of dollars. The exchange has been […]

The post Australian Bitcoin Industry Weighs up Code of Conduct as Igot Exchange Nears Collapse appeared first on CCN: Financial Bitcoin & Cryptocurrency News.