Bank Innovation
NOVEMBER 29, 2016
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.
PYMNTS
FEBRUARY 18, 2019
Twitter users can now send small bitcoin transactions as a tip if they like a tweet, according to reports. The app lets people send bitcoin payments over the Lightning Network, which is an instantaneous and inexpensive way for people to send and receive bitcoin. There are plans for Tippin’s future, too.
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PYMNTS
DECEMBER 9, 2019
Sekunjalo Investment Holdings has teamed up with Chinese public blockchain leader Ultrain Technology Limited to develop a pan-African open blockchain system called the African Chain 3.0, Police in Brazil have shut down a bitcoin investment scheme that allegedly stole $359 million. according to reports.
PYMNTS
NOVEMBER 19, 2020
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.
PYMNTS
DECEMBER 15, 2019
In other news, Sweden’s Riksbank has put into place the public procurement of a supplier of technology to the eKrona pilot project and intends to make an agreement with Accenture, according to an announcement. The main goal of the project is to widen the bank’s understanding of the eKrona’s technological potential.
PYMNTS
JUNE 6, 2019
Dutch billionaire John de Mol, who created the reality TV program “Big Brother,” is suing Facebook for allowing fake ads which used his name and image to commit bitcoin-related fraud that swindled 1.7 De Mol’s lawyers accuse the social media giant of failing to prevent the ads, as well as not responding fast enough to complaints.
PYMNTS
JULY 27, 2017
With 64 percent of Americans having experienced some level of a data breach, Pew Center Research confirms these instances result in a lack of public trust for both institutions and social media sites. Cryptocurrencies like Bitcoin were created to help add an additional layer of security to rising digital transactions.
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