A new digital currency called “bitcoin cash” (BCC), created by splitting the bitcoin blockchain, has risen in price nearly 200 percent — despite not having crucial support from parts of the cryptocurrency community. CNBC reported news that the digital currency token was created this week...
Security in the digital age is a goal for most retailers and consumers — and nearly everyone else in the business world. When it comes to personal information, especially data linked to payment accounts, the level of privacy and accuracy of security are key in keeping...
SWIFT has announced news that 22 global banks recently joined its blockchain proof of concept (PoC) initiative, which is part of the company’s global payments innovation (gpi) service aimed to “re-arm the correspondent banking system for a new age of technological disruption.” The PoC initiative...
Bitcoin recently avoided being cleaved in two, thanks to a vital assist from its network of miners. According to Reuters, the cryptocurrency received a software upgrade that allows transactions to be processed with greater ease and speed. This would lead to a greater number of transactions...
In the midst of today’s retail revolution, blockchain technology is being pushed up to the surface. E-Commerce’s increasing popularity over the last decade is likely the driver of blockchain technology implementation. As we reported just a few months back, this technology is set to disrupt...
Bitcoin has begun to make up recent losses in value as miners have potentially found a software-based solution that may make it possible to avoid a hard (or soft) fork in the cryptocurrency. Bitcoin has been suffering form a scaling problem over the last two...
The digital currency behind blockchain technology has seen ups and downs over the course of the last seven months. Bitcoin started off 2017 at just under $1,000, then soared to over $3,000 in May. Just this week, the cryptocurrency has seen an approximately 14 percent...
Bitcoin came onto the scene nearly a decade ago in 2009 and has slowly been making strides in the financial world ever since. What makes it unique is that it was developed and is managed by cryptocurrency, which has no central authority. The digital currency...
Blockchain technology has been making its way through the financial sector and pouring into mainstream industries for the last few years. With the news over the last six months, including companies like AIG and IBM adding blockchain-based smart contracts to the insurance industry along with...
