WASHINGTON, D.C. —Today, the Consumer Financial Protection Bureau (CFPB) brought action against Intercept Corporation, a payment processor and two of its executives, Craig Dresser and Bryan Smith for the illegal authorization of withdrawals from consumer accounts by their clients. The lawsuit was filed in federal district court in which the CFPB asserts that Intercept ignored […]
A law enacted on April 17 by the state of Washington, that among other things, formally made provision for the inclusion of virtual currency to its money transmitter laws. The new law that will officially go into effect in July this year will include virtual currency within the definition of money transmission. According to the […]
California Assembly Bill 129 will make digital currencies, which include Bitcoin, Dogecoin, and others, legal in the state of California. California Governor Edmund Brown must sign for the bill to pass. An archaic Corporation law called Section 107 barred the usage of forms of money not considered legal US tender. Bill 129 would confirm digital […]
Dan Salmon takes six months to illustrate Venmo security isn't fully prepared for threats.
The post Computer Science Student Scrapes Seven Million Venmo Mobile Payments Transactions appeared first on Payment Week. […]
Amid the bullish trend in the bitcoin market, bitcoin’s popularity seems to be on the rise particularly in Asian markets.
The post Asian Markets’ Appetite for Crypto on the Rise, Pushing Bitcoin Premium Surge appeared first on Bitcoin […]
Crypto wallet provider Breez has announced an initial version of its Lightning payments app for iPhones.
The post Breez Announces Beta Version of iOS Lightning Payments App appeared first on Bitcoin Magazine. […]