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Ripple develops blockchain payment app with 61 Japanese banks
Ripple has developed a payments app that settles transactions instantly, in partnership with a consortium of 61 Japanese banks based on blockchain technology. Ripple says that the app, called “Money Tap,” will first go live in the fall. It will initially be available with three banks included in the consortium — SBI Net Sumishin Bank, [...]
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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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Hackers have stolen 14% of the value of big cryptocurrencies
Cryptocurrencies and the software developed to track them have become attractive targets for cybercriminals while also creating a lucrative new market for computer-security firms. In less than a decade, hackers have stolen $1.2 billion worth of Bitcoin and rival currency Ether, according to Lex Sokolin, global director of FinTech strategy at Autonomous Research. Given the currencies’ explosive [...]
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