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Russian Banks Set for Record Profits This Year, Central Bank, Rating Agency Say

Bitcoin.com
Russian Banks Set for Record Profits This Year, Central Bank, Rating Agency Say
Bank of Russia
Russian Banks Set for Record Profits This Year, Central Bank, Rating Agency SayBank of Russia raised its forecast for the profits of Russian banks in 2023, expecting results that may break the 2021 record. This year’s high numbers are coming after 2022 became the worst annual period in seven years for the sanctioned Russian banking sector in terms of financial outcome. Banks in Russian Federation Headed for […]
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SEC sues Nova Labs over alleged unregistered crypto securities offerings

SEC sues Nova Labs over alleged unregistered crypto securities offerings

Vladimir Putin Says West’s Attempt to ‘Crush the Russian Economy’ Did Not Succeed

Bitcoin.com
Vladimir Putin Says West’s Attempt to ‘Crush the Russian Economy’ Did Not Succeed
Bank of Russia
Vladimir Putin Says West’s Attempt to ‘Crush the Russian Economy’ Did Not SucceedLast week the Russian ruble hit a seven-year high against the U.S. dollar and while analysts have downplayed the rise, one economist said people should not “ignore the exchange rate.” American economists have been perplexed about the ruble’s market performance and Russian officials have been quoted as saying that a strong ruble “makes Russian exports […]
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SEC sues Nova Labs over alleged unregistered crypto securities offerings

SEC sues Nova Labs over alleged unregistered crypto securities offerings

Payments Giant NCR Acquiring Libertyx to Offer Complete Crypto Solution

Bitcoin.com
Payments Giant NCR Acquiring Libertyx to Offer Complete Crypto Solution
Acquisition
Payments Giant NCR Acquiring Libertyx to Offer Complete Crypto SolutionNCR Corp., a global leader in ATM software applications, has announced that it is acquiring Libertyx, the crypto company that claims to be “America’s first and largest network of bitcoin ATMs, cashiers, and kiosks.” NCR Acquires Libertyx NCR Corp. (NYSE: NCR), a leading enterprise technology provider, announced Monday “a definitive agreement to acquire Libertyx, a […]
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SEC sues Nova Labs over alleged unregistered crypto securities offerings

SEC sues Nova Labs over alleged unregistered crypto securities offerings

NCR Corporation plans to purchase Bitcoin ATM company LibertyX

Coin Telegraph
NCR Corporation plans to purchase Bitcoin ATM company LibertyX
ATM

LibertyX currently services 20,000 retail stores in the U.S. with 9,500 crypto ATMs.

Enterprise technology provider NCR Corporation has announced an agreement to buy LibertyX, the company that launched one of the first retail Bitcoin ATMs.

In a Monday announcement, NCR said it expected to purchase LibertyX later this year depending on regulatory licensing consents and approvals. The firm said it planned to offer LibertyX’s capabilities as part of its solutions for banks, retailers and restaurants, implying NCR clients could see crypto withdrawals, purchasing, and payment features after the deal is finalized.

“Our customers require a complete digital currency solution, including the ability to buy and sell cryptocurrency, conduct cross-border remittance and accept digital currency payments across digital and physical channels,” said NCR chief technology officer Tim Vanderham.

Related: LibertyX launches Bitcoin-to-cash sales at ATMs in United States

LibertyX has allowed users to make purchases with crypto at a variety of retailers in the United States using its mobile app or through its network of Bitcoin (BTC) ATMs. According to the firm, it currently services 20,000 retail stores in the U.S. with 9,500 crypto ATMs.

According to data from CoinATMRadar, there are more than 24,481 crypto ATMs in the world at the time of publication, with the market having experienced exponential growth in 2021. Bitcoin Depot, one of the largest holders of the Bitcoin ATM network, recently announced a partnership with Circle K, resulting in the installation of more than 700 Bitcoin ATMs in the U.S. and Canada.

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SEC sues Nova Labs over alleged unregistered crypto securities offerings

SEC sues Nova Labs over alleged unregistered crypto securities offerings

Payments Giant NCR Bringing Bitcoin Trading to 650 U.S. Banks and Their 24 Million Customers

Bitcoin.com
Payments Giant NCR Bringing Bitcoin Trading to 650 U.S. Banks and Their 24 Million Customers
650 banks
Payments Giant NCR Bringing Bitcoin Trading to 650 U.S. Banks and Their 24 Million CustomersPayments giant NCR and New York Digital Investment Group (NYDIG) are collaborating to allow 650 U.S.banks to offer bitcoin trading to their 24 million customers through their mobile applications. 24 Million Customers of 650 Main Street Banks May Soon Have Access to Bitcoin Trading New York Digital Investment Group (NYDIG) said Wednesday that 650 banks […]
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SEC sues Nova Labs over alleged unregistered crypto securities offerings

SEC sues Nova Labs over alleged unregistered crypto securities offerings

NYDIG set to bring Bitcoin adoption to 650 US banks and credit unions

Coin Telegraph
NYDIG set to bring Bitcoin adoption to 650 US banks and credit unions
Adoption

NYDIG looks set to deliver on its promise to enable millions of Americans to buy Bitcoin from their bank accounts in 2021.

New York Digital Investment Group (NYDIG) has partnered with the Atlanta-based enterprise payment behemoth NCR to enable Bitcoin (BTC) services for banks and credit unions in the United States.

According to Forbes on Wednesday the deal will see 650 banks and credit unions in the U.S. able to provide Bitcoin trading services to their over 24 million customers.

Apart from Bitcoin trading for its banking and credit union clients, the NCR is also reportedly eyeing BTC payment services for its almost 200,000 retail clients.

NYDIG will reportedly offer its in-house Bitcoin custody solution, removing a major regulatory impediment for community banks and other financial institutions looking to deal in cryptocurrencies.

The news follows swiftly on the heels of NYDIG’s partnership with digital banking services provider Q2 as well as global payment channel Fiserv and cloud-based electronic banking outfit Alkami to enable banks to offer Bitcoin trading to an estimated 18 million customers.

Indeed, as previously reported by Cointelegraph, NYDIG bank solutions head Patrick Sells stated back in May 2021 that U.S. banks were keen to offer Bitcoin trading in 2021. At the time, Sells opined that the significant outflow of funds to exchanges like Coinbase was forcing lenders in the country to re-examine their previous anti-BTC stance.

Related: NYDIG and Q2 partner to enable Bitcoin trading for 18M US bank customers

According to NCR digital banking chief Douglas Brown, the company’s banking clients were routinely reporting massive outflows of customer's savings to crypto exchanges. For Brown, offering BTC trading avenues will help NCR and its clients capture some of the $1.4 trillion market.

The move also expands the NCR’s improvement of the digital finance infrastructure available to its banking and credit union clients. Earlier in the year, the 137-year-old enterprise payment firm acquired software firm Terafina to improve customer onboarding across physical, call center and digital account opening channels.

NCR reportedly has plans to custody Bitcoin for its clients while also exploring use cases for non-crypto blockchain applications.

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SEC sues Nova Labs over alleged unregistered crypto securities offerings

SEC sues Nova Labs over alleged unregistered crypto securities offerings

US Convenience Store Chain Sheetz to Accept Cryptocurrencies for Payments

Bitcoin.com
US Convenience Store Chain Sheetz to Accept Cryptocurrencies for Payments
Bitcoin
US Convenience Store Chain Sheetz to Accept Cryptocurrencies for PaymentsThe American chain of convenience stores and coffee shops, Sheetz, announced on Thursday that the firm would be accepting digital currencies like bitcoin, ether, and dogecoin for payments. The major Mid-Atlantic chain’s executive payments manager says accepting crypto-asset acceptance bolsters Sheetz’s mission to provide customers with the “ultimate one-stop-shop.” Convenience Store Chain Sheetz Adds Digital […]
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SEC sues Nova Labs over alleged unregistered crypto securities offerings

SEC sues Nova Labs over alleged unregistered crypto securities offerings

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