North Carolina Banking Bill Passes — Adds Virtual Currency License Requirements

The state of North Carolina has pushed the passage of House Bill 86 and some digital currency advocates and firms like Coinbase believe the bill makes the state more friendly towards cryptocurrency businesses. At the moment North Carolina’s House Bill 86 has been presented to Governor Roy Cooper and awaits his signature.

Source: North Carolina Banking Bill Passes — Adds Virtual Currency License Requirements

PayPal Makes a Grab for Marketplace Payments with Hyperwallet Acquisition

PayPal made a strong move into the group payments space with the announcement it will purchase Hyperwallet for $400 million. The deal is expected to close in the fourth quarter. Hyperwallet allows for businesses such as Etsy, eBay or Uber to easily make disbursements to multiple merchants or drivers, even across international borders.

Source: PayPal Makes a Grab for Marketplace Payments with Hyperwallet Acquisition

JPMorgan Fined $65 Million for Manipulating US Dollar Benchmark

The Commodity Futures Trading Commission (CFTC) on Monday slapped JPMorgan Chase Bank with a $65 million fine for attempting to manipulate the value of a US Dollar benchmark index. JPMorgan Busted for Trying to Manipulated USD Benchmark According to the CFTC, JPMorgan traders repeatedly attempted to manipulate the US Dollar International Swaps and Derivatives Association The post JPMorgan Fined $65 Million for Manipulating US Dollar Benchmark appeared first on CCN

Source: JPMorgan Fined $65 Million for Manipulating US Dollar Benchmark

Western Union CEO Not Impressed by Ripple Trial, Doesn’t See Bitcoin Replacing Fiat

Western Union, the largest money transfer service in the world, made waves earlier this year when it confirmed that it had partnered with Ripple to conduct a blockchain trial involving the XRP cryptocurrency. However, six months into that test, Western Union CEO Hikmet Ersek said that the firm has yet to see any real cost The post Western Union CEO Not Impressed by Ripple Trial, Doesn’t See Bitcoin Replacing Fiat appeared first on CCN

Source: Western Union CEO Not Impressed by Ripple Trial, Doesn’t See Bitcoin Replacing Fiat