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The Early Adopter Effect In Social Networks — Success Goes To Brands That Get There First
Card Networks Strike A Blow To Carriers — Amazon Coins — Venmo's New Feature
US Credit Card Volume Growth Cools Off In 2013, Due To Short Holidays And Debt Wariness
If you aren't using Bitcoin for crime, the FBI could still seize it. At least according to Alex Daley, chief technology strategist at Casey Research. The crux of the problem is that Bitcoin isn't really anonymous. In fact, all Bitcoin transactions are kept in a public ledger which could theoretically be used to identify who made Bitcoin transactions. That means that if you receive payment in bitcoins that were previously used for something illegal, like buying drugs, the Feds could in theory seize it from you because the person who gave it to you didn't actually "own" the ill-gotten bitcoins — so they can't legitimately transfer them to you. (Bloomberg Businessweek)
US E-Commerce Growth Reached A Six-Year High in 2013
SQUARE FIGHTS AIDS WITH ITS MOBILE CARD READER. Square announced that it has teamed up with RED, an organization fighting HIV/AIDS. The SQUA(RED) reader is a typical Square reader except that it comes in red. The reader comes with a $10 donation towards fighting HIV/AIDS. (Square)
BITCOIN: How It Works, And Why It Could Fundamentally Change How Companies And Individuals Handle Payments
Audiences Worldwide Will Be Watching A Half-Hour Of Online Video Daily By Year-End
EXCLUSIVE FREE REPORT:5 Top Fintech Predictions by the BI Intelligence Research Team. Get the Report Now »
PAYPAL ADDS NEW POSITION "HEAD OF OPEN SOURCE." PayPal announced yesterday that Apple veteran Danese Cooper would join the company as its first Head of Open Source. The creation of the position is part of a larger move by PayPal to improve its standing with external developers. (Wired)
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As the price of Bitcoin continues to drop, a new innovation. San Francisco-based Bitcoin wallet Coinbase announced a new feature in collaboration with Balanced, a company which provides payment technology for online marketplaces. The technology behind the feature is complex, but in effect it allows people to store their Bitcoin payment credentials on marketplaces that use Balanced's payment platform — it's the same concept as storing a credit card on Amazon so that you don't have to re-enter it when you want to make a purchase. Users will have their Bitcoin payment credentials stored in Balanced's digital vault where it also stores other payment credentials such as credit card numbers. The feature makes paying with Bitcoin easier, but people could be wary of storing credentials with an online merchant when Bitcoin transactions don't have the same fraud protections as credit card transactions. (Payments Source and Balanced)
SAMSUNG TEAMS UP WITH INGENICO TO OFFER MOBILE PAYMENTS. The French payments technology and hardware provider has announced a partnership with Samsung. The press release is cryptic but says that the partnership will pair Ingenico mobile payments technology and card readers, and Samsung's tablets and phones. We've reached out to Ingenico for further clarification (Ingenico)
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THREE DEVELOPMENTS IN THE WORLD OF BITCOIN. The price of Bitcoin on Japanese Bitcoin exchange Mt. Gox is getting hammered, dropping 50% to around $110 in just a 12-hour period yesterday. Compare that with the $579 price of a bitcoin on Coinbase. So why not buy Bitcoin on Mt. Gox and sell it on Coinbase? As we reported, Mt. Gox halted Bitcoin withdrawals last week due to technical problems — that's what's causing the price to drop so dramatically. It's also a tremendous blow to people's confidence in the emerging payments system. (Business Insider)
QUOTE OF THE DAY: "There are a number of ways payments can be made simpler and easier for the customer using iBeacon technology. We'll start trialing this in our branches around customer recognition, being able to identify our customers in a personalized, individual way. The second thing we'll do is figure out how to use our technology to drive better, easier, smarter ways to do payments and other transactional services," says Simon Pomeroy, Westpac New Zealand's chief digital officer. (American Banker)
M-Pesa's Astounding Success In Africa Spotlights The Global Payments Opportunity
Bitcoin Price Move Past $6.5K Would Boost Upside Potential
Against expectations, bitcoin (BTC) defended support at $6,000 over the weekend, opening the doors for a stronger corrective rally above $6,480.
Friday's drop below $6,240 (bear flag breakdown) had
XRP Cryptocurrency Now Down 90% From 2018 Price High
XRP, the world's third-largest cryptocurrency by market capitalization, fell to its lowest price of 2018 on Tuesday.
At 00:01 UTC, just after Monday's close, the cryptocurrency dropped to $0.27 cen
Bitcoin's Price Falls Below $6K to Near 2018 Low
The price of bitcoin fell below $6,000 on Tuesday, a move that brought the world's largest cryptocurrency within 2 percent of its 2018 low.
At press time, bitcoin is trading hands at $5,922, print
Korea's Jeju Island Seeks to Become ICO Hub Despite Domestic Ban
South Korea's Jeju island is seeking to become a free zone for initial coin offerings (ICOs) – a plan that, if approved, would allow crypto projects to conduct token sales in the self-governing provin
Square Expands Cash App Bitcoin Service to All 50 US States
Mobile payments firm Square now lets customers buy and sell bitcoins via its Cash App in all 50 U.S. states.
The company – which was co-founded by Twitter chief executive Jack Dorsey – announced th
Jamaica Stock Exchange to Trade Crypto Assets in 2018
The Jamaica Stock Exchange (JSE) will soon be offering cryptocurrencies as tradeable assets for clients.
The company said Tuesday that it had signed a memorandum of understanding (MoU) with blockch
Fantasy Football League to Raise $100 Million in Crypto ICO
A blockchain startup wants to raise nearly $100 million dollars to create a new form of fantasy football.
Called the Crown League, the project's owner told CoinDesk on Tuesday that it seeks to form
Goldman Sachs, JPMorgan Invest in Axoni's $32 Million Funding Round
Enterprise-focused blockchain startup Axoni has completed a $32 million Series B funding round led by Goldman Sachs and Nyca Partners.
Also participating in the round were Andreessen Horowitz, Citi