North Korea hacked into South Korean cryptocurrency exchanges last year, and the country still hasn’t stopped trying to steal digital coins, South Korea said, according to Reuters. “North Korea sent emails that could hack into cryptocurrency exchanges and their customers’ private information and stole (cryptocurrency)...
It’s been a brutal week for bitcoin so far — and it’s only Tuesday. About half a trillion dollars of value of evaporated off the entire cryptocurrency market since the start of the year as buyers are quickly becoming sellers trying to escape a bubble. On January...
Bitcoin’s valuing is sinking and credit card companies are not helping, with the list of issuers banning bitcoin growing. According to a report in The Wall Street Journal late last week, Citigroup said late Friday that it will no longer allow credit card customers to...
The second-largest U.S. bank is banning customers from purchasing cryptocurrencies using its credit cards, according to Bloomberg reports. Bank of America (BofA) officially announced it “will begin declining credit card transactions with known cryptocurrency exchanges” today through a memo distributed to employees on Thursday (Feb....
Despite the “bitcoin bad, blockchain good” mantra that the market seems to be hearing more and more, blockchain’s ability to disrupt the financial services space is by no means a sure bet. Value volatility and recent moves by regulators to reign in the cryptocurrency bonanza...
With the growth of cryptocurrency, criminals are beginning to commit crypto crimes. Cybercriminals have come up with several techniques to steal digital coins, from “cryptojacking” to mining fraud and even account takeovers, Reuters reported. Through “cryptojacking,” for example, cybercriminals may take over a computer user’s...
Following comments from India’s minister of finance on cryptocurrency and potential price manipulation at a major cryptocurrency exchange, bitcoin dropped below $9,000 in trading on Thursday (Feb. 1) — a critical level. The cryptocurrency tumbled to $8,810 in late morning trading, CNBC reported. But, by 12:12 P.M., bitcoin rebounded...
Money can’t buy happiness, but blockchain can buy fame, and that’s kind of the same thing, right? Okay, maybe not exactly, but the two are pretty close, depending on who you ask — say, for instance, content producers on platforms like YouTube. If blockchain could...
Cambridge Blockchain has announced a partnership with IHS Markit to form an identity data alliance that will improve the collection and management of know-your-customer (KYC) information. The strategic alliance between IHS Markit’s kyc.com services and Cambridge Blockchain’s distributed digital identity system will enable large banks...
