Post Tagged with: "virtual currency"

Coinbase vs. the IRS: The Privacy Battle Rages On

Coinbase vs. the IRS: The Privacy Battle Rages On

by January 18, 2017 at 11:31 am 0 comments

Digital currency exchange Coinbase obtained a BitLicense from the New York Department of Financial Services, a grant that officially authorizes the exchange to operate (that is, to receive and transmit money and virtual currency) within the Empire State. Announcing the license, Coinbase wrote on the company’s blog: We believe theRead More

Bitstamp To Begin Trading Ripple XRP

Bitstamp To Begin Trading Ripple XRP

by January 10, 2017 at 12:31 pm 0 comments

The digital asset exchange Bitstamp announced that it will begin supporting two new trading pairs today, both using Ripple’s digital asset XRP. Starting on Monday, January 17, the exchange (one of the world’s leading exchanges of digital assets or cryptocurrency) will begin offering XRP/EUR and XRP/USD pairs for trade byRead More

Top 4 Fintech Funding Rounds: Tiger Brokers, Rockets of Awesome, Monese, Ripio

Top 4 Fintech Funding Rounds: Tiger Brokers, Rockets of Awesome, Monese, Ripio

by January 4, 2017 at 12:02 pm 1 comment

Another day, another dollar—only this is fintech, so it would be more accurate to say another day, another multi-million investment in blockchain, virtual currency, mobile banking, e-commerce, and/or all of the other technologies on the playground. So far, 2017 fintech funding hasn’t veered far from the areas of interest inRead More

Why FIs Should Be Worried About Ransomware

Why FIs Should Be Worried About Ransomware

by December 14, 2016 at 11:40 am 0 comments

$209 million dollars. That’s the amount of money criminals made in the first three months of 2016 through the deployment of ransomware—a type of malware that locks a computer or other connected device until the affected party pays up, and which is becoming more and more popular as a choiceRead More

In Blockchain News: R3 Releases Corda, Chris Larsen Talks Ripple

In Blockchain News: R3 Releases Corda, Chris Larsen Talks Ripple

by December 2, 2016 at 1:13 pm 2 comments

Welcome to another crazy week in cryptocurrency! There’s been a lot for blockchain enthusiasts to digest this week, but let’s start with consortium news. The R3CEV blockchain consortium of banks opened its Corda codebase up to the larger developer community this week, in the hopes that independent experiments based onRead More

R3 Releases Corda Codebase in Hopes of Open Innovation

R3 Releases Corda Codebase in Hopes of Open Innovation

by November 30, 2016 at 10:26 am 0 comments

The R3CEV blockchain consortium today released its code for Corda, its distributed ledger technology, into the wider world. The Corda code was also accepted into the Hyperledger project, alongside other budding distributed ledger technology. Despite recent events, R3 is still the largest consortium of banks dedicated to producing blockchain, orRead More

New Ransomware Uses Social Media, Demands Payment in Bitcoin

New Ransomware Uses Social Media, Demands Payment in Bitcoin

by November 29, 2016 at 10:46 am 0 comments

A new type of ransomware is targeting users through their social media accounts, most notably through Facebook and LinkedIn, before doing what ransomware does: locking the computer and demanding payment for access–in bitcoin. Dubbed ImageGate by software company Check Point, the malware embeds itself into image or graphic files onRead More

Bitfinex Offers $3.5M Bounty for Stolen Bitcoin as Socialization Plan Stalls

Bitfinex Offers $3.5M Bounty for Stolen Bitcoin as Socialization Plan Stalls

by August 16, 2016 at 9:14 am 1 comment

It’s been another week, an eternity in the bitcoin world, and it looks like Bitfinex’s chosen recovery plan, in which it would “socialize” its losses by having its customers share 36% of the loss, may not actually, strictly speaking, be legal. “I think these questions are falling into a bit ofRead More

Another Day, Another Bitcoin: After the Bitfinex Hack

Another Day, Another Bitcoin: After the Bitfinex Hack

by August 9, 2016 at 3:30 pm 2 comments

It’s been just about a week since the bitcoin exchange Bitfinex was hacked, with a loss of 119, 756 BTC, or about $80 million in boring old, traditional currency. The hack remains a hot-button topic in the bitcoin world, with many calling for the need of increased oversight of bitcoin exchanges.Read More

Ripple Labs Fined by FinCEN for Money Laundering Violations

Ripple Labs Fined by FinCEN for Money Laundering Violations

by May 5, 2015 at 5:59 pm 2 comments

Ripple Labs today earned the dubious distinction of being the first virtual currency exchange to be fined by FinCEN for failing to comply with anti-money laundering rules. This is sure to send a chill through the world of virtual currency. The San Francisco-based company, which allows for rapid inexpensive movementRead More