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Visa denies claims over cryptocurrency purchasing policy changes
It has been reported that both Visa and Mastercard were planning to change the policies they have in place when it comes to purchasing of cryptocurrency. The reports add that both Visa and Mastercard were changing how cryptocurrency transaction are coded so as to stop considering them as cash advances. Visa has now stated that [...]
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Government websites hacked to run secret cryptocurrency miner
Thousands of government websites around the world have been hijacked to mine the cryptocurrency Monero. A commonly-used accessibility script was hacked to inject the Coinhive miner into official sites in the US, UK and Australia. One security researcher described it as the biggest attack of its type that he’d seen. In the UK, websites for [...]
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Cryptocurrencies to hit Zero announces Goldman Sachs investment research
The fall in cryptocurrencies that wiped nearly $500 billion of market value over the past month could get a lot worse, according to Goldman Sachs’s global head of investment research. Most digital currencies are unlikely to survive in their current form, and investors should prepare for coins to lose all their value as they’re replaced [...]
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Visa and Mastercard reclassify MCC codes for the purchase of cryptocurrencies
Following on from Visa CEO’s statement on cryptocurrencies in January , it turns out that Visa and Mastercard have reclassified the way Bitcoin and other cryptocurrency purchases are processed on their networks. The changes were noted as Bitcoin investors started noticing additional fees on their bank statements. Currently, if you want to buy bitcoin, ethereum or any other [...]
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Regulation within cryptocurrency markets
According to Reuters: “Japan’s financial regulator said on Friday it had ordered all cyrptocurrency exchanges to submit a report on their system risk management, following the hacking of over half a billion dollars of digital money from Coincheck.” Whilst the whole premise of blockchain technology and cryptocurrencies revolves around it being essentially unhackable, the exchanges [...]
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