PYMNTS

FEBRUARY 28, 2020

Cloud-based platforms are particularly juicy targets for digital fraud. File hosting service Dropbox is devoting substantial efforts to its fraud prevention measures, seeking to protect its more than 600 million users — who have 400 billon stored files, and upload 1.2 billion files each day. Round One: Automated Tools.

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PYMNTS

SEPTEMBER 20, 2020

A former contractor for the Australian government’s Commonwealth Scientific and Industrial Research Organization has been sentenced to 300 hours of community service after pleading guilty to using the agency’s supercomputers to mine cryptocurrency, according to CryptoNewsPipe.com.

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PYMNTS

DECEMBER 14, 2017

16,835 | Value of a single bitcoin as of the close of trading on Wednesday (Dec. It’s been a newsworthy week for bitcoin, with agencies around the world concerned with a potential bubble involved in cryptocurrency.

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PYMNTS

SEPTEMBER 23, 2016

Now You Can Trade Bitcoin Any Time. The Winklevoss twins want to trade bitcoin, and they want to do it now. Growing impatient waiting for their ETF fund to be listed and to boost bitcoin trading, the cofounders of the Gemini Trust Company, a digital currency exchange based in the U.S., The price of bitcoin reached $607.31

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PYMNTS

NOVEMBER 28, 2019

In times of crisis, to reach those lofty ambitions, we need to be friendly not only to traditional financing mechanisms but to the crypto community who’s been very innovative,” said Ettore Rossetti, global digital lead of Save the Children in a phone interview with CoinDesk.

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PYMNTS

DECEMBER 24, 2019

It does not have the characteristics of bitcoin speculation, nor does it require the currency basket assets to support the value of the currency like stable currency,” Mu said. The move is meant to stop any community members from experiencing any losses. The [digital yuan] currency is not used for speculation.

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PYMNTS

OCTOBER 30, 2017

Whether it was a bit of prescience – or perhaps a bit of prompting – we had a feeling that we might hear from the ecosystem after Karen Webster’s argument for just saying bye-bye to bitcoin. Bitcoin has only two proven use cases after eight years: criminal activity and speculation. “Few people speak out. How right she was.

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PYMNTS

JULY 2, 2020

Zhao has a prominent status among the community, and rumors online began to circulate. According to RenrenBit, Zhao has been released and is now assisting police in investigations on anti-fraud and anti-money laundering issues, CoinDesk reported.

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PYMNTS

JUNE 29, 2020

The lawsuit goes back to October 2017, when Boston law firm Block & Leviton said it was looking into securities fraud by the Tezos ICO. But as of May, Tezos has looked to settle the suit, stating that it “believes it is in the best interest of the Tezos project and community as a whole to resolve all pending lawsuits.

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PYMNTS

JANUARY 17, 2017

The hackers sent the college a ransom note demanding payment in bitcoin within seven days for a private key to regain access to the files. The Los Angeles Valley College District decided to pony up and pay the digital ransom to the tune of $28,000 in bitcoin. Francisco C.

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PYMNTS

JULY 31, 2020

There is a false belief within the criminal hacker community that attacks like the Twitter hack can be perpetrated anonymously and without consequence,” said U.S. The trio allegedly compromised more than 100 social media accounts and scammed the account users into sending bitcoin to a single wallet. Attorney David L.

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PYMNTS

APRIL 22, 2016

Regardless of the company, its industry, its customers or location, online fraud remains top of mind. The urgency of robust and multilayered fraud detection systems becomes especially clear against a backdrop where card-not-present fraud is likely to grow by leaps and bounds in the wake of the EMV liability shift from last year.

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Abrigo

APRIL 18, 2022

Bitcoin and other digital assets have remained volatile without regulation, with generally more risk-tolerant investors using cryptocurrencies as an alternative payment method. Learn how your institution compares with peers when it comes to fraud prevention. Fraud Prevention. Fraud Trends. Fraud Prevention.

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PYMNTS

JULY 15, 2019

billion is estimated to have been lost to cryptocurrency scams, thefts and fraud in the first quarter of 2019, and cybercriminals and scammers are not the only ones putting digital asset users at risk. Thwarting fraud and making usage as secure as possible are key concerns for Canadian trading platform Bitbuy. Facing Fraud.

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cryptocurrency Fraud Security Bitcoin 193

PYMNTS

SEPTEMBER 18, 2020

It's a mix of payment rails, seeing users able to use their debit card or Apple Pay to purchase Bitcoin and Ethereum; added cryptocurrency options will come at a later date BitPay said. In a statement, Wyre Chief of Staff Liana Spano pointed to the value of new payment rails over legacy ones.

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PYMNTS

NOVEMBER 15, 2019

This is a new community, a new world, this is going to be very big. Eric Meiggs, 21, of Brockton, and Declan Harrington, 20, of Rockport, have been indicted on one count of conspiracy, eight counts of wire fraud, one count of computer fraud and abuse and one count of aggravated identity theft.

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PYMNTS

MARCH 8, 2019

Argentina is at the forefront of blockchain adoption and we’ve witnessed how it’s becoming home to some very passionate blockchain communities during our trip there,” Ella Zhang, head of Binance Labs, said in a press release. And South Korea has launched a task force to combat crypto fraud and FinTech-related crimes.

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PYMNTS

JANUARY 15, 2018

What story of reversals would be complete without a bitcoin section? The reversals this week in the bitcoin world were more in the arena of opinion. The most dramatic reversal of the week was South Korea’s bitcoin ban that almost was. JPMorgan Chase Head Jamie Dimon officially stated that he regretted calling bitcoin a fraud.

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PYMNTS

MARCH 11, 2016

As infamous bitcoin criminals like Ross Ulbricht have learned, it’s not impossible to get caught. And, as law enforcement has learned, the dark side of bitcoin has its perks. And then, there was Mark Karpelès, the former bitcoin tycoon, who is in police custody in Japan under charges of fraud andembezzlement for his Mt.

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Tomorrow's Transactions

OCTOBER 8, 2014

I’m thinking about currency and competition because, and I imagine I’ll get trolled for saying this, but I had good fun arguing with some of the Bitcoin folk at Innotribe this year. Innotribe’s bitcoin series included talks on regulation, disruption and the future of investment in the space. From Bankers Debate Bitcoin at Sibos 2014 ].

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PYMNTS

NOVEMBER 28, 2019

We still believe in the power of our technology, and if anyone in the community is interested in pursuing it we welcome it.” Despite our best efforts, the company no longer has funds to continue operations. Our code will remain available on GitHub for the next three months. Alex Godwin, co-founder of Gladius, said in a statement.

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Bitcoin blockchain cryptocurrency Security 144

PYMNTS

FEBRUARY 28, 2020

In giving some insight into methodology, Intsights said the method used “is similar to mixers, where the actor will deposit Bitcoin into the exchange account and trade it for various Altcoins. This practice is widespread in the Latin American cybercrime community, and threat actors have made millions of dollars.

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PYMNTS

JUNE 1, 2020

In a roundtable discussion, the last in the “Powering the Digital Shift” series with Karen Webster, six experts in money movement, fraud prevention, banking and financial technology discussed one sure bet: “Digital optional” is no option as we move toward contactless commerce. So, there is a balance that needs to be struck.”.

Payments 172

Payments Fraud Security Technology 172

Abrigo

NOVEMBER 11, 2021

Monitoring this type of activity is where the keen eye of AML and fraud investigations professionals is crucial and where AML software can provide significant support. . This may include community financial institutions and credit unions. Fraud Prevention. Fraud Trends. FinCEN Guidance on Cyber Fraud – Video.

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Abrigo

NOVEMBER 11, 2021

Monitoring this type of activity is where the keen eye of AML and fraud investigations professionals is crucial and where AML software can provide significant support. . This may include community financial institutions and credit unions. Fraud Prevention. Fraud Trends. FinCEN Guidance on Cyber Fraud – Video.

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Fraud cryptocurrency System Trends 195

PYMNTS

MARCH 29, 2016

The future of bitcoin is a bit shaky. While fintech innovators have instead turned towards the underlying technology of the cryptocurrency – blockchain and other distributed ledgers – bitcoin as its own currency is unlikely to take off like some once thought it would. Chester said this client demand was “surprising.”

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PYMNTS

JULY 16, 2020

Hacks are an unfortunately common reality, but a hack that successfully captures the Twitter profiles of Elon Musk, Joe Biden, Jeff Bezos, Michael Bloomberg, Kim Kardashian West and Bill Gates (among other high-profile people) and gets them to entreat their tens of millions of followers to send money to a bitcoin address stands out.

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Missouri Fraud Data Security 160

Vitalik Buterin

JULY 21, 2020

This time around, we had three categories: the two usual categories of "tech" and "community" (the latter renamed from "media" to reflect a desire for a broad emphasis), and the round-6-special category Crypto For Black Lives. About that EIP 1559 Community fund.

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Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. We are in awe. Seriously in awe.

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PYMNTS

MAY 16, 2016

200 community banks have cut ties with Lending Club following the sudden departure of the alternative lender’s CEO and the subsequent hit to share prices, which reverberated across other alt-finance players. SMEs want banks to offer bitcoin services , suggesting the cryptocurrency may not be such a failure after all. 65% of U.K.

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Vitalik Buterin

APRIL 16, 2019

Freedom of speech is a topic that many internet communities have struggled with over the last two decades. Here is Theymos’s post defending his policies: [link] , including the now infamous line “If 90% of /r/Bitcoin users find these policies to be intolerable, then I want these 90% of /r/Bitcoin users to leave”.

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Vitalik Buterin

AUGUST 17, 2020

First, it maximizes the chance that the node can correctly determine and say on the canonical chain - the chain that the community accepts as legitimate. the "longest valid chain" in Bitcoin). Light clients and fraud proofs. One natural advancement in this regard is light clients with fraud proofs.

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blockchain Fraud Community System 94

PYMNTS

FEBRUARY 15, 2019

The hacker is now selling the data for about $14,500 in bitcoin. When it comes to vulnerabilities, the PostgreSQL community has a dedicated security team that evaluates and fixes issues and, in the spirit of open source collaboration, transparently reports on and educates our users about them.”.

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NCR

OCTOBER 9, 2017

Over the last few years, interest in virtual, so-called ‘cryptocurrencies’ such as Bitcoin has exploded, with what was once a hugely niche market now receiving mainstream attention, and the underlying technology behind these options drawing the interest of many traditional banking institutions as they look to develop new offerings.

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cryptocurrency Bitcoin Payments blockchain 58

PYMNTS

JUNE 27, 2019

Lake City, a community of about 12,000 people west of Jacksonville, forked over hundreds of thousands of dollars after a ransomware attack crippled its systems. The ransomware payment was approved during an emergency meeting on Monday (June 24), allowing the city to make a bitcoin payment worth about $462,000.

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Florida Jacksonville Atlanta Training 100

PYMNTS

FEBRUARY 15, 2019

A small group of politicians put their own narrow political interests above their community — which poll after poll showed overwhelmingly supported bringing Amazon to Long Island City — the state’s economic future and the best interests of the people of this state,” the governor said in a statement. First in that line was Governor Cuomo. “A

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PYMNTS

JANUARY 22, 2018

Earlier this week, the CFTC and the Securities and Exchange Commission issued a joint statement warning of risks tied to virtual currency operators, saying they would “continue to address violations and to bring actions to stop and prevent fraud in the offer and sale of digital instruments.”.

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