While it is incredibly annoying to deal with ransomware, the last thing most people expected was to get help from the assailants themselves. However, given this lucrative business model, it only makes sense the distributors want to make as much money as possible. If that means guiding people through the process of paying the ransom, so be it. In fact, one developer has added call center support, where victims can call to and get aid in paying the fee. http://www.newsbtc.com/2016/05/28/ransomware-customer-support-bitcoin/ |
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It would be wise to explore alternative payment options as well, and Bitcoin can play a prominent role in this regard. With its transparent nature, there is an immediate trust factor. Transactions fees are paid by the sender, leaving more breathing room for the merchant. Plus, Bitcoin payments are globally accepted, which make them a perfect solution for ecommerce in Europe and beyond. http://www.newsbtc.com/2016/05/28/bitcoin-boost-ecommerce-europe/ |
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A few things are going on behind the scenes most Snapchat users may not have paid attention to. First of all, this is one of the hottest mobile applications to gain traction over the past few years. Although Snapchat is a social platform, it is not in the same league as Twitter or Facebook by any means. http://bitcoinist.net/snapchat-valuation-fintech-features/ |
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Further in the patent application, there is a specific mention of providing access to Bitcoin, Dogecoin, and Litecoin. This seems to indicate PayPal will be supporting cryptocurrency once this device comes to fruition. The modular payment system will also store private keys granting access to these virtual currencies. http://www.newsbtc.com/2016/05/27/paypal-will-support-bitcoin/ |
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But the biggest change comes in the form of how consumers are forced to prove 10% of their yearly expenses through additional documentation. Moreover, receipts from cash purchases do not count towards this cap, which forces even more payment card usage. Not something most consumers are looking forward to, that much is certain. http://themerkle.com/greece-government-approves-new-strategy-to-ban-cash/ |
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Now that Bitcoin is sitting above the 3,200 CNY mark; it remains to be seen if the trend can hold this time. Albeit Bitcoin is far less volatile than it used to be many years ago, there are still some price swings on a semi-regular basis. If this resistance point is broken for good, though, things are looking quite promising for this cryptocurrency. http://themerkle.com/bullish-chinese-investors-push-bitcoin-price-past-us470/ |
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Albeit blockchain is morally neutral, the people who will try to implement the technology are not. In the financial world, the major focus is on making profits and cutting costs. Some people may feel this technology must be driven in a particular direction which diminishes the morally neutral trait. http://www.newsbtc.com/2016/05/27/morally-neutral-blockchain/ |
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Comodo Threat Research Labs discovered this spear phishing campaign. Security researchers labeled it as one of the largest spam ransomware attacks of 2016. This attack took place on May 17 and last for twelve hours. During this time, 30 million spam messages have been sent out to Amazon users under the disguise of being an order shipment update notification. http://bitcoinist.net/amazon-locky-ransomware/ |
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The way this would work is by generating a Single Travel Token containing all of their travel documentation. Scanned documents and sealed with a public and private key, similar to how Bitcoin addresses are protected. All of the documents are encrypted and hashed, and the service allows anyone to verify their authenticity by using the public key. Sharing that token can be done through QR codes, a technology which is often used in the world of Bitcoin payments. http://www.newsbtc.com/2016/05/26/companies-explore-bitcoin-technology-travel-authentication/ |
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We recently conducted an interview with the Uphold team regarding ng their platform, and how they envision the future of cryptocurrency. Moreover, Uphold EVP Global Growth and Partnerships Robin O’Connell referred to collaborative opportunities for the company. http://themerkle.com/uphold-interview-robin-oconnell/ |
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The move by PayPal goes to show how centralized payment giants can take away the power from consumers and businesses in a heartbeat. Although they do not drop platform support entirely, users are given one less convenient option to send and receive money. This creates exciting opportunities for Bitcoin wallet developers. http://www.newsbtc.com/2016/05/26/paypal-killing-apps-bitcoin/ |
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Biohacking is a hot trend these days, as there is a certain appeal to merging technology with the human body. There is a full Injection Kit available to embed a payment chip into one’s hand, although doing so is not advised. Besides, these chips are still rather “dumb”, as they need to be programmed to make payments. One Venmo engineer programmed the payment chip so Warzel could it to pay for dinner. http://bitcoinist.net/tech-reporter-gets-nfc-payment-chip-implant-in-his-hand/ |
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What is interesting to note is how KeepKey will continue to maintain MultiBit HD as an open source project. MultiBit Classic, on the other hand, will be discontinued in the future, and all users should migrate to HD as soon as possible. More information regarding shutting down MultiBit Classic will follow in the next few weeks. http://themerkle.com/keepkey-llc-acquires-bitcoin-wallet-provider-multibit/ |
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Merging technology with identity is a hurdle that needs to be tackled with the utmost delicacy in mind. Governments will play a pivotal role in this mind shift- if it were ever to happen – as societies tend to trust them more than company or services issuing ID’s. Additionally, there is the topic of stateless citizens, as they would need to be part of a universal ID system accepted and validated by all governments. http://www.newsbtc.com/2016/05/25/can-blockchain-bring-trust-factor-digital-identity-concept/ |
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This initiative will bring fifty jobs to the table by the time this hub is fully operational, and the blockchain lab will house a mix of developers and designers. In the end, the goal is to come up with new proofs of concept, and eventually turn some of them into functioning prototypes. Deloitte also mentioned how they plan to target Europe, the Middle East, and North Africa with these projects, which is quite exciting. http://bitcoinist.net/deloitte-blockchain-lab-in-dublin-will-create-fifty-jobs/ |
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Several elite speakers will be present during the Blockchain Technology Conference, including Keynote Events Founder Moe Levin and Smart Dubai Director General H.E. Dr. Aisha Bin Bishr. The list of speakers brings together the most prominent blockchain and Fintech experts, which will spur some debates that could shape the future of this disruptive technology. https://news.bitcoin.com/blockchain-technology-conference-dubai/ |
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It is important to note Ping An Group may appear to be a local Chinese insurer, they are partially owned by HSBC. In fact, HSBC acquired 48.22% of H shares through different subsidiaries, and the financial institute has an overall 16.8% stake in Ping An Group, which makes HSBC the biggest shareholder. Given their involvement in the R3 blockchain consortium, it sort of makes sense to see Ping An join as well. https://news.bitcoin.com/r3-blockchain-consortium-chinese-partner/ |
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This is quite an interesting statement, considering the educational system has not scaled well with the Information Age we live in right now. The methods of passing on knowledge have not changed much over the past thirty years, and children are not being prepared for the future that awaits. Coders are in high demand already, and it is expected that demand will only continue to grow. http://bitcoinist.net/tim-cook-coding-needs-to-be-a-part-of-education/ |
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