Industry

United States Is Number One in Cryptocurrency Crime, Data Shows

With the increasing popularity of digital assets, more sophisticated means are being developed to obtain ownership of these highly sought-after coins illegally. A recent study has put the United States at the heart of global cryptocurrency crime. The study also reports that cybercriminals have attacked all top cryptocurrency exchange platforms.

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Swift Opens Up Payments Tracking to Corporates: “The Beginning of a Long Journey”

Corporates will soon be able to track their payments in real time as part of Swift’s global payments innovation (gpi) initiative – a function of the system that was previously only available to them through their banks.

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Starbucks Brushes Off Idea of Bitcoin Payments

Recent news that Starbucks has partnered with Microsoft, the International Exchange, and a few other companies to launch a cryptocurrency venture called Bakkt has fueled reports that Starbucks is getting ready to start accepting Bitcoin in its stores. Speaking to Motherboard, however, the company has stated that this is not true.

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Bitcoin Speculators Dominate Cryptocurrency Use Now, but Criminals Haven’t Backed Away

Infantes findings contradict the popular perception that bitcoin is mostly being used by criminals such as the notorious Dread Pirate Roberts, but also show that the underground market is one of the biggest groups of people using bitcoin for its actual features rather than its price gyrations.

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Highlights and Recommendations From the Treasury’s Report on Fintech

Tuesday, July 31, 2018 may go down in history as Fintech Day in the US. On that day, the US Treasury Department released a 222-page report titled A Financial System That Creates Economic Opportunities: Nonbank Financials, Fintech, and Innovation, and the OCC announced it would consider charter applications from fintech companies.

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Banks Won’t ‘Like’ This Offer From Facebook

With apologies to the Godfather, Facebook is making an offer that’s easy for banks to refuse.

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ATMs Become Next Battleground for Cryptocurrency

Walk into a Prague subway station and chances are you’ll see an ATM. But you don’t need a debit card or even a bank account to use this machine. This is a cryptocurrency ATM. It’s the physical manifestation of a set of virtual currencies that have leapt out of the shadows of the underground to […]

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Goldman Sachs Considers Offering Cryptocurrency Custody Services

New York-based multinational investment bank Goldman Sachs is making another step forward in its bet on the cryptocurrency market. The firm, led by chairman and CEO Lloyd Blankfein, is reportedly considering a plan to offer custody for cryptocurrency funds.

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Cryptocurrency Pump and Dump Schemes Growing

Pump and dump schemes – in which an asset is talked up to drive the price higher before traders dump it for a profit – are making their way to the cryptocurrency market, with digital chatrooms growing over the Internet where coin traders will gather to plot a scam.

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Apple Kicks Off Massive Digital Payments Promotion in San Francisco; Big Discounts With Apple Pay

Apple kicked off a major digital wallet promotion in San Francisco today. This is just days after CEO Tim Cook reported that the company tripled Apple Pay transactions this year, hitting more than 1 billion in annual volume. That’s bigger than Square and more than Paypal’s mobile transactions, says Apple.

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World’s Biggest Stock Exchange Operator Is Launching a Bitcoin Market

Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), has announced that will list a physically-settled bitcoin futures contracts and form a new company whose mission is to make bitcoin a mainstream financial asset.

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Kroger Ban on Visa Credit Cards: What You Need to Know

Using a Visa to pay for bread, milk, steak and other foods is second nature to many American shoppers. But now, they may need to pause before pulling out the plastic. Grocery chain Kroger plans to stop accepting Visa credit cards later this month at about two dozen stores in California – and perhaps even […]

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