nytimes

The Hope and Betrayal of Blockchain

Interest in blockchain technology surges as it spawns a highly volatile virtual currency market. Blockchain is far more than just the technology underlying Bitcoin, the cryptocurrency. It is a tool that promises to decentralize the structures governing all economic transactions and, in the process, redefine our concept of trust.

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Bitcoin for Payments a Distant Dream as Usage Dries Up

The use of bitcoin for commercial payments has dropped dramatically this year, even as the original digital coin starts to fulfill one of the basic features of any payment currency: stability.

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Sweden’s Push to Get Rid of Cash Has Some Saying, ‘Not So Fast’

Few countries have been moving toward a cashless society as fast as Sweden. But cash is being squeezed out so quickly — with half the nation’s retailers predicting they will stop accepting bills before 2025 — that the government is recalculating the societal costs of a cash-free future.

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A Cryptocurrency Millionaire Wants to Build a Utopia in Nevada

An enormous plot of land in the Nevada desert — bigger than nearby Reno — has been the subject of local intrigue since a company with no history, Blockchains L.L.C., bought it for $170 million in cash this year.

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U.S. Credit Card Giants Flout India’s New Law on Personal Data

Visa, Mastercard and American Express will be violating a new Indian law that is going into effect on Monday night every time an Indian swipes a credit or debit card.

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App-Only Banks Rise in Europe and Aim at Traditional Lenders

Tom Blomfield, a founder and the chief executive of Monzo, a banking start-up in Britain. The internet lets you run these traditional businesses at a fraction of the cost, he said.

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The Trouble With Cryptocurrency’s Viral Growth

In the world of cryptocurrency, there are two categories of intermediary institutions. The first category contains the exchanges where users buy, sell and store their virtual currency. These exchanges include Coinbase, which the New York attorney general’s report claimed traded on its own platform, and the now-bankrupt Mt.

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Banks and Retailers Are Tracking How You Type, Swipe and Tap

When you’re browsing a website and the mouse cursor disappears, it might be a computer glitch – or it might be a deliberate test to find out who you are. The way you press, scroll and type on a phone screen or keyboard can be as unique as your fingerprints or facial features.

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Have a Cryptocurrency Company? Bermuda, Malta or Gibraltar Wants You

Hedge funds go to the Cayman Islands to incorporate. Big companies are generally domiciled in Delaware. And online poker companies often set up their bases in Gibraltar and Malta. Now the race is on to become the go-to destination for cryptocurrency companies that are looking for shelter from regulatory uncertainty in the United States and […]

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Here’s Some Cryptocurrency. Now Please Use It.

You may have seen the actor and part-time tech investor Ashton Kutcher present 4 million worth of digital coins called XRP to Ellen DeGeneres’s favorite charity on her talk show. Or maybe you saw Stephen Colbert announce a 29 million donation of XRP to schoolteachers on his late-night show.

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Biggest Banks Pass Fed’s Stress Tests

The nation’s biggest banks are strong enough to continue lending if the economy plunges into a severe downturn, an assessment by the Federal Reserve on Thursday that could fuel Wall Street’s calls to further relax financial regulations.

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Big Banks to Get a Break From Limits on Risky Trading

Big banks are getting a big reprieve from a postcrisis rule aimed at curbing risky behavior on Wall Street.Federal bank regulators on Wednesday unveiled a sweeping proposal to soften the Volcker Rule, a cornerstone of the 2010 law that was enacted after the financial crisis to rein in risky trading.

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