Articles about Cryptocurrency

The ever-volatile price of Bitcoin took another turn as Amazon denied recent rumors that it is looking to accept the cryptocurrency as a form of payment.

Speculation about the online retailer's embrace of Bitcoin and other cryptocurrencies, as well as rumors of tokenization, caused a Bitcoin surge at the weekend. But now the company has spoken out to deny the suggestions, the value has tumbled again.

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Speculation about the possibility of Amazon starting to accept Bitcoin as a method of payment started to circulate after the company posted a job listing for a Digital Currency and Blockchain Product Lead.

This led to a surge in the cryptocurrency, with the trading heading toward $40,000 in an impressive 20 percent jump over the weekend. In addition to the job posting, an insider has been quoted as saying that not only is Amazon working toward accepting Bitcoin by the end of 2021, but it is also considering launching its own token.

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Cryptocurrencies, such as Bitcoin, are wildly popular these days. Whether or not it's smart to invest in these digital currencies is up for debate. Of course, the same can be said about any investment -- including stocks. With that said, cryptocurrency volatility can cause you to lose a lot of money. Still. some people have become very wealthy with crypto. Ultimately, your mileage may vary.

Unfortunately for some cryptocurrency investors, many of the coins are being vilified for their negative impact on the environment. If you aren't aware, "mining" many of these cryptocurrencies, such as Bitcoin, require computers with high-end graphics cards that use a lot of electricity. Elon Musk even famously tweeted Tesla would stop accepting Bitcoin due to the horrific environmental impact.

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In today’s hectic news cycle, there always seems to be a new story angle that is focused on cryptocurrency. The increasingly popular digital currency’s market value recently reached $2 trillion for the first time and the Coinbase IPO was referred to as "crypto’s coming-out party." But, just as cryptocurrencies are gaining traction with consumers as legitimate transactions, they are also massively used by criminal actors and terrorists, with a global total of $10 billion in illicit activities in 2020.

Though technology has helped to advance industries and markets tremendously, it is clear that advanced technology has also played a part in illegal activities around the world. We are witnessing a drastic shift from the traditional financing of criminal and terror actors to a new world of digital financing, creating a seriously daunting task for security and law enforcement organizations to anticipate, track and identify illegal activities.

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Policy decisions may or may not be productive. In worst cases, they can be counter-productive.

Banking system is the backbone of any economy, and there is a reason behind it. Money supply in the market is managed by banks that engage in safekeeping of depositors’ money and lending a portion of it to others. The central bank oversees the functioning of banks, prints currency notes, drafts monetary policy, and all these actions infuse stability in the country’s financial system. Central banks manage interest rates and tweak them to either infuse liquidity in a slowing economy or suck liquidity to control higher levels of inflation. Policy decisions like these are productive exercises.

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Tiger King was one of the Netflix’s biggest shows last year, arriving at around the same time as Covid-19 lockdowns, making it a must-see for millions of people suddenly trapped at home.

Joe Exotic’s arch-nemesis on the show, Carole Baskin, has been making the most of her sudden fame, and her latest venture is an alt-coin for supporters of her Big Cat Rescue. And that’s not all she’s up to -- fans will also be able to invest in NFTs in the coming weeks.

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The term FinTech has been coined quite recently. However, this does not change the fact that Finance and technology have always been intertwined. Way back in 1866 the first transatlantic cable was laid, which then became the backbone for the globalization of finance. Next in 1918, the first electronic transfer of money was conducted using Morse code technology. In the 1950s, credit cards, another digital payment medium, was launched by American Express and Diners Club. This event can officially be called FinTech 1.0.

The actual beginning of modern FinTech effectively dates back to 1967 when the first ATM machine was used by Barclays in 1967 and the period was called FinTech 2.0. Owing to the development of technologies in communication and transaction, the world saw its first digital stock market, which marked the beginning of online financial markets. The advances didn’t stop there.

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Digital national currencies are no longer just a concept. The Bahamian Sand Dollar was issued in October 2020, and other countries, such as Sweden and China, are currently running pilots. Within the next few years, there could be more than a dozen central banks issuing national digital currencies.

These central bank digital currencies (CBDCs) are different from cryptocurrencies like Bitcoin or Ether. CBDCs are issued by national banks. The Sand Dollar, for example is backed by the Bahamian government and one-to-one with the Bahamian dollar, which is itself pegged to the U.S. dollar. They’re also not mined like many cryptocurrencies.

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Increases in the value of cryptocurrencies last year coupled with a rise in mainstream acceptance of Bitcoin has led to 400,000 crypto scams being created in 2020, a 40 percent increase compared to 2019,

A new report from Bolster, a deep learning-powered, next generation fraud prevention company, forecasts a further increase of 75 percent this year based on current levels of suspicious activity.

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Back in 2010 I was a freelance journalist. I took work where I could find it. One of my jobs was to write news stories for PC World’s Bizfeed and Newsdesk blogs.

The goal with the blogging was simple and primitive: Break news stories before anybody else.

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As cryptocurrencies such as Bitcoin and Ethereum become more and more mainstream, there is growing interest in not only investing in crypto, but also mining for it. It is increasingly popular for the "spare" processor power of GPUs to be put to this very use, but NVIDIA is clamping down.

The graphics card maker is deliberating limiting the mining capabilities of its latest GeForce RTX 3060 GPUs, saying "GeForce is made for gaming". But it is not all bad news for fans of crypto-mining; the company is also launching a new NVIDIA CMP (Cryptocurrency Mining Processor) line.

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The technology that underpins cryptocurrencies is not understood by a lot of people, but you don't really need to fully grasp the idea of mining or know what a blockchain is in order to use them.

Whether you are a seasoned user of Bitcoin or any other cryptocurrency, you may be aware of an impending hard fork for Bitcoin Cash (BCH). The date for your diary is November 15, but just what is a hard fork, and what are the implications?

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One of the side effects of the COVID-19 pandemic has been a marked reduction in the use of cash as people have shifted to using cashless and contactless payment methods.

This has put increased pressure on financial institutions to offer digital services, but it’s also shone a spotlight on the measures needed to prevent fraud and on initiatives to integrate cryptocurrency into everyday transactions.

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Businesses must constantly adjust to innovation. This year, American companies have incorporated new digital currency trends like never before. From cryptocurrency to AI, these offerings have revolutionized how employee payments operate.

Here are the top five trends in employee payments.

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Researchers at F-Secure have uncovered a targeted, advanced attack on a cryptocurrency organization which they have linked to the Lazarus Group, and believe is part of a global, and financially motivated, hacking campaign.

Lazarus has been linked to the now infamous WannaCry attacks of 2017. This latest report identifies the tactics, techniques, and procedures (TTPs) used during the attack, such as spearphishing via a service (in this case, using LinkedIn to send a fake job offer tailored to the recipient’s profile).

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