Bitcoin

Bitcoin is a cryptocurrency. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.

Bithumb Bitcoin Exchange Hacked; 30,000 Customers’ Data Compromised
Bithumb Bitcoin Exchange Hacked; 30,000 Customers’ Data Compromised
July 06, 2017  |  Security & Fraud

In international cybersecurity news this week, Bithumb, the South Korean bitcoin exchange, has been hacked, with the bad guys compromising the data of 30,000 customers....

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Hive Project Taps Into Cryptocurrency For Invoice Finance
Hive Project Taps Into Cryptocurrency For Invoice Finance
July 05, 2017  |  B2B Payments

The Hive Project, a company that uses cryptocurrency and Ethereum blockchain for trade financing, has launched its platform. The company announced Friday (June 30) that...

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SEC Charges Brit In Bitcoin Fraud
SEC Charges Brit In Bitcoin Fraud
July 03, 2017  |  Bitcoin

In a cryptocurrency case that could have repercussions across the pond, the Securities and Exchange Commission (SEC) last week (June 30) charged a U.K. citizen...

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Florida Man Sentenced For Processing More Than $10 Million In Illegal Bitcoin Transactions
Florida Man Sentenced For Processing More Than $10 Million In Illegal Bitcoin Transactions
June 30, 2017  |  Legal

A Florida man was sentenced to 5 1/2 years in prison for helping criminals process millions of dollars in illegal bitcoin transactions. According to AP...

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Chain CEO On Why B2B Payments Needs Blockchain
Chain CEO On Why B2B Payments Needs Blockchain
June 30, 2017  |  Blockchain

The blockchain has a bit of an identity crisis. Everyone who is anyone in financial services knows what it is, and there is broad consensus...

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Bridging Blockchain’s Comprehension Gap
Bridging Blockchain’s Comprehension Gap
June 27, 2017  |  Data Drivers

Bitcoin — and the technology that enables it — has certainly had a rather fast trip from obscurity to mainstream awareness. In January 2009, the so-called “Genesis...

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South Korean Company Surrenders $1 Million To Ransomware
South Korean Company Surrenders $1 Million To Ransomware
June 21, 2017  |  Security & Fraud

A South Korea-based web hosting firm has fallen victim to ransomware. That’s not unusual in today’s cybersecurity climate, but what is unusual is how much...

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