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New Ransomware Uses Social Media, Demands Payment in Bitcoin

Bank Innovation

A new type of ransomware is targeting users through their social media accounts, most notably through Facebook and LinkedIn, before doing what ransomware does: locking the computer and demanding payment for access–in bitcoin.

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Bitcoin Tracker: How Secure Are Bitcoins?

PYMNTS

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 the retail world spinning. Although most U.S.

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Bitcoin Daily: BoE Economist Cites Benefits Of Digital Assets; Online Gamblers Choose Crypto To Cash Out; One Charged In $2M Crypto Theft

PYMNTS

While recognizing that digital currencies do pose risks, including the possibility of imposing “a macro-economic cost,” Haldane argued that a digital currency could mitigate technological constraints on lending, provide additional payments security, and increase stability. “I In other news, the U.S.

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Bitcoin Daily: China Regulator Eyes Digital Currency Veteran As Chief; Crypto Firm Founder Charged With ICO Fraud

PYMNTS

The China Securities Regulatory Commission , China’s security watchdog, is setting up a technology regulation bureau and will announce Yao Qian as its new department chief, the Chinese business publication Caijing said on Wednesday (Dec. 11), as reported by Coindesk.

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Bitcoin Daily: Brazil Debuts Blockchain Solution For Gov’t Bids; BitFunder CEO Gets 14 Months For Crypto Fraud

PYMNTS

Design and Cayenne Technology reportedly created the Online Bid Solution (SOL), which is said to be a technology based on the blockchain. And the operator of BitFunder, a defunct trading platform that was denominated in bitcoin, and WeExchange was sentenced for obstruction of justice as well as securities fraud, CoinDesk reported.

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Amazon’s Bitcoin Embrace And Cannabis Burgers Top The Week’s News

PYMNTS

However, Tsai said “conservative-minded CFOs” in B2B, along with legacy supply chain technologies and processes, serve to slow down any progress toward new payment and transaction methods. Amazon Embraces Bitcoin. Bitcoin , through the lightning network, will soon be available as an option to pay on Amazon and other eCommerce sites.

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Bitcoin Daily: Rabobank Abandons Crypto Wallet Plans; Thai Bank Teases Ripple-Powered Blockchain Pilot

PYMNTS

In other news, Thailand‘s oldest bank, Siam Commercial Bank (SCB), will be experimenting with blockchain technology, powered by Ripple. In addition, SCB social media reps have revealed on Twitter that more information about the Ripple integration “will be announced [sic] soon,” reported The Next Web. “We

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