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Visa and Mastercard have run up the mother of all credit card bills. The monopolistic payment providers had been embroiled in a long-running lawsuit instigated by merchants protesting their excessive fees. The credit card giants have now conceded defeat and agreed to settle the price-fixing case for a whopping $6.2 billion. Also read: Raising the Dead: … Read more
Malware aimed at Bitcoin ATMs is being sold in underground markets, according to Trend Micro security researchers. For $25,000, malware exploiting a service vulnerability allows users to nab bitcoin price equivalent in euros, USD, or British pounds. Also read: Bitcoin’s Hopeful Numbers: 70% Familiar in the United States For $25,000, Bitcoin ATM Malware is Available … Read more
Bill Harris has made clear his view on cryptos several times. The former PayPal CEO has in the past described Bitcoin as the ‘greatest scam in history’ and a massive ‘pump and dump scheme.’ Harris recently reiterated his stand, further claiming that all the praise that Bitcoin has been receiving as an efficient payment method … Read more
There were 1,240 blockchain patents filed last year. That’s not normal. The number of blockchain patent applications, in fact, has grown over 600 percent since 2016. This year, retailing giant Wal-Mart secured blockchain patents for crypto household energy payments, wearable medical records, and a security system. They also filed patents for drone delivery and “autonomous … Read more
Covered in The Daily on Friday are several announcements crypto users may find interesting. Ledger has added support for 8 new coins and crypto exchange Okex is launching a white label platform. Also, Exmo will offer its European users faster payments and transfers in partnership with Mistertango, and Estonian startup Citowise has integrated credit card … Read more
The controversial political activist and independent journalist Tommy Robinson was sent £20,000 ($26K USD) worth of bitcoin, according to local reports, by supporters to help cover legal costs. Mr. Robinson was arrested two months ago for allegedly violating a contempt of court order. He was sent to a local jail, and recently the court found fault … Read more
DSTOQ, a decentralized stock exchange for trading security tokens, has launched their MVP. The first version of the DSTOQ platform, which enables investments in real-world assets using cryptocurrency, runs on the Stellar Blockchain test-net. The product demonstrates a paradigm shift in security token trading, with trade execution and settlement times between 2-5 seconds. The post … Read more
Cryptocurrencies – Thematic Research, a report recently issued by Global Data, is attempting to smash what it views as myths and huge untruths about the hype surrounding crypto. Among their findings, the company concludes cryptocurrencies are expensive, slow, mostly unspendable, and cannot scale to meet their projected demand. Also read: Troll Slayer: Derek Magill Defends … Read more
A lot of cryptocurrency enthusiasts have given up on the idea of using a Bitcoin debit card. Visa has taken some steps meant to prevent this type of activity. Even so, some projects are still trying to merge cryptocurrency and Visa payments into a working product. The Future of Visa and Cryptocurrency Several months ago, … Read more
One of the interesting features of blockchain is that it is not just about technology, it is also about social ecosystems. Blockchain platforms are true ecosystems, where things of value are exchanged through peer-to-peer transactions and validated by the ecosystem community, instead of centralized banking and credit card company services. Blockchain has the potential to … Read more