Cryptocurrency

Former Ukash CEO & Payments Industry Veteran David Hunter Joins Leading Crypto Payments Processor CoinPayments as Advisor

Wednesday, June 3, 2020 - 12:00pm

GEORGE TOWN, Cayman Islands, June 3, 2020 /PRNewswire/ -CoinPayments, the world's leading cryptocurrency payments processor today announced payments industry veteran and entrepreneur, David Hunter, as an advisor to the company.

Key Points: 
  • GEORGE TOWN, Cayman Islands, June 3, 2020 /PRNewswire/ -CoinPayments, the world's leading cryptocurrency payments processor today announced payments industry veteran and entrepreneur, David Hunter, as an advisor to the company.
  • In this new role, Hunter will provide strategic direction related to CoinPayments' ongoing expansion and growth activities.
  • Among his many accomplishments, Hunter built secure electronic payments company Ukash into a global player through expansion into 67 countries.
  • More recently, Hunter was appointed chairman of the board of directors at the Emerging Payments Association.

Former Ukash CEO & Payments Industry Veteran David Hunter Joins Leading Crypto Payments Processor CoinPayments as Advisor

Wednesday, June 3, 2020 - 12:00pm

GEORGE TOWN, Cayman Islands, June 3, 2020 /PRNewswire/ --CoinPayments, the world's leading cryptocurrency payments processor today announced payments industry veteran and entrepreneur, David Hunter, as an advisor to the company.

Key Points: 
  • GEORGE TOWN, Cayman Islands, June 3, 2020 /PRNewswire/ --CoinPayments, the world's leading cryptocurrency payments processor today announced payments industry veteran and entrepreneur, David Hunter, as an advisor to the company.
  • In this new role, Hunter will provide strategic direction related to CoinPayments' ongoing expansion and growth activities.
  • Among his many accomplishments, Hunter built secure electronic payments company Ukash into a global player through expansion into 67 countries.
  • More recently, Hunter was appointed chairman of the board of directors at the Emerging Payments Association.

As Cryptocurrency Use Grows, Worldpay from FIS Helps Crypto Brokers and Exchanges with New Chargeback Indemnification Service from Forter

Wednesday, June 3, 2020 - 10:00am

FIS (NYSE: FIS), a global leader in financial services technology, today announced Fraud Freedom, a new chargeback indemnification service designed for cryptocurrency brokers and exchanges.

Key Points: 
  • FIS (NYSE: FIS), a global leader in financial services technology, today announced Fraud Freedom, a new chargeback indemnification service designed for cryptocurrency brokers and exchanges.
  • Powered by Forter, the new Fraud Freedom service helps cryptocurrency brokers and exchanges identify malicious actors throughout all points of the customer journey and prevent them from making fraudulent purchases, trades, or distributions of cryptocurrency.
  • The AI-driven service leverages real-time learning from across Forters network to update its fraud models, helping organizations reduce the financial burden associated with fraudulent chargebacks.
  • As a highly automated service, Fraud Freedom can also provide cost savings for clients by reducing the need for manual transaction review.

CipherTrace Research Finds Criminals Netted $1.4 Billion from Cryptocurrency Crimes in Spring 2020

Tuesday, June 2, 2020 - 2:00pm

MENLO PARK, Calif., June 2, 2020 /PRNewswire-PRWeb/ -- CipherTrace has released its Spring 2020 Cryptocurrency Anti-Money Laundering and Crime Report with key data on cryptocurrency crimes and trends that will have regulatory repercussions for VASPs and other financial institutions.

Key Points: 
  • MENLO PARK, Calif., June 2, 2020 /PRNewswire-PRWeb/ -- CipherTrace has released its Spring 2020 Cryptocurrency Anti-Money Laundering and Crime Report with key data on cryptocurrency crimes and trends that will have regulatory repercussions for VASPs and other financial institutions.
  • In the first five months of 2020, crypto thefts, hacks, and frauds totaled $1.4 billion, suggesting 2020 could see the second-highest value in cryptocurrency crimes ever recorded.
  • Highlights of key findings are as follows:
    In the first five months of 2020, crypto thefts, hacks, and frauds totaled $1.4 billion, indicating 2020 could see the greatest total amount stolen in crypto crimes outside 2019's $4.5 billion.
  • In the first five months of 2020, cryptocurrency thefts, hacks, and frauds totaled $1.4 billion.

AI Trading Platform Tickeron Unveils Cryptocurrency Market Forecasting And Pattern Analysis

Monday, June 1, 2020 - 2:07pm

SUNNYVALE, Calif., June 1,2020 /PRNewswire/ -- Tickeron , an artificial and human intelligence platform delivering unparalleled trading insights and analysis, introduces its Intraday Pattern Feed for cryptocurrency trading.

Key Points: 
  • SUNNYVALE, Calif., June 1,2020 /PRNewswire/ -- Tickeron , an artificial and human intelligence platform delivering unparalleled trading insights and analysis, introduces its Intraday Pattern Feed for cryptocurrency trading.
  • The same valuable technology is making cryptocurrency trading analysis much more accessible to investors.
  • Tickeron's artificial intelligence then predicts breakout and target prices, backtests the pattern and provides other valuable cryptocurrency trading information.
  • Tickeron is an artificial and human intelligence platform delivering unparalleled trading insights and analysis to self-directed investors and investment advisors.

MIT Crypto Startup Floating Point Group Raises $2M to Bring Prime Brokerage to Quantitative Traders

Thursday, May 28, 2020 - 4:24pm

NEW YORK, May 28, 2020 /PRNewswire/ -- Floating Point Group (FPG) simplifies how institutional traders deploy algorithmic systems for cryptocurrency trading.

Key Points: 
  • NEW YORK, May 28, 2020 /PRNewswire/ -- Floating Point Group (FPG) simplifies how institutional traders deploy algorithmic systems for cryptocurrency trading.
  • With the investment, the startup is aggressively expanding its engineering staff and is acquiring regulatory licenses in the U.S. to broaden the jurisdictions it can serve.
  • "It's becoming clear that sophisticated quantitative traders and platform developers are viewing the cryptocurrency markets as an exciting new opportunity," said John Peurifoy, CEO of FPG.
  • "FPG has built the most rigorous quantitative approach to this problem that I've seen and their performance and slippage stats are proof."

ISW Holdings Enters Joint-Venture Agreement with Official Distributor of Top-Selling Crypto Mining Equipment

Wednesday, May 27, 2020 - 2:05pm

In addition, Bit5ive is the producer and distributor of POD5 and Power Skid 2.5, the most efficient and successful infrastructure for crypto mining hardware.

Key Points: 
  • In addition, Bit5ive is the producer and distributor of POD5 and Power Skid 2.5, the most efficient and successful infrastructure for crypto mining hardware.
  • ISW Holdings President and Chairman Alonzo Pierce stated, ISW Holdings offers its products and technology services to clients worldwide.
  • Simply put, for our clients, ISW Holdings resourcefulness is a hedge against uncertainty in the ever-changing global marketplace.
  • Bit5ive is a leader in crypto currency mining data centers with several projects currently in development in the United States.

KuCoin OTC Trading Desk Supports Purchasing Cryptocurrencies With Canadian Dollars (CAD)

Monday, May 25, 2020 - 3:41pm

SINGAPORE, May 25, 2020 /PRNewswire/ -- On May 25th, KuCoin, an IDG-backed crypto exchange, announced that its OTC Trading Desk will support Canadian dollars (CAD) at 09:00, May 25th(UTC-8), and users can use Canadian dollars to purchase cryptocurrencies such as BTC, USDT, and CADH.

Key Points: 
  • SINGAPORE, May 25, 2020 /PRNewswire/ -- On May 25th, KuCoin, an IDG-backed crypto exchange, announced that its OTC Trading Desk will support Canadian dollars (CAD) at 09:00, May 25th(UTC-8), and users can use Canadian dollars to purchase cryptocurrencies such as BTC, USDT, and CADH.
  • This is another mainstream fiat currency supported by the KuCoin OTC Trading Desk after the opening of Chinese Yuan (CNY), Indonesian Rupiah (IDR) and Vietnamese Dong (VND).
  • In addition, KuCoin will also launch a themed event on the Canadian dollar OTC trading market, and participating in the event will offer the opportunity to share rewards of more than USDT 10,000.
  • KuCoin is a global cryptocurrency exchange that supports multiple asset trading.

Mechanical Technology Incorporated Announces Closing of Previously Announced GigaWatt Acquisition

Thursday, May 21, 2020 - 1:55pm

The acquisition was approved by the United States Bankruptcy Court for the Eastern District of Washington and was consummated by EcoChain on May 20, 2020.

Key Points: 
  • The acquisition was approved by the United States Bankruptcy Court for the Eastern District of Washington and was consummated by EcoChain on May 20, 2020.
  • As previously announced by MTI, EcoChain purchased the subject GigaWatt assets for cash consideration of $200,000 and will be assuming certain contractual obligations of GigaWatt related to existing leases and utility power supply.
  • EcoChain intends to sell certain acquired equipment that is determined to be excess in nature so as to reduce EcoChain's overall transaction costs.
  • EcoChain expects that the newly acquired assets will form the cornerstone of EcoChain's new pilot cryptocurrency mining operation.

1 in 5 Small Businesses Don't Accept Digital Payments, Despite Increased Demand During COVID-19

Thursday, May 21, 2020 - 1:37pm

Jennifer Jancosek accepts several forms of digital payment as the principal attorney of Jancosek Law , an estate planning firm in California.

Key Points: 
  • Jennifer Jancosek accepts several forms of digital payment as the principal attorney of Jancosek Law , an estate planning firm in California.
  • She agrees that digital payment options are key to retaining customers during the global pandemic.
  • Despite the excitement surrounding cryptocurrency in the media, only 3% of small businesses accept it as payment.
  • Small businesses admit that their hesitations come from cryptocurrency's volatility in the market and a lack of consumer demand.