Saturday, 17 November 2018

Tag Archives: cryptocurrencies

Mastercard has a patent that could allow bitcoin transactions

NEW YORK: Consumers might one day be able to charge their purchases on their credit cards using bitcoin as a currency. On Tuesday, Mastercard won a patent to protect a method that would manage “fractional reserves of blockchain currency.” At present, Mastercard holders can only pay for things using currency ...

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More than $1.2b in cryptocurrency stolen since 2017

NEW YORK: Criminals have stolen about $1.2 billion in cryptocurrencies since the beginning of 2017, as bitcoin’s popularity and the emergence of more than 1,500 digital tokens have put the spotlight on the unregulated sector, according to estimates from the Anti-Phishing Working Group released on Thursday. The estimates were part ...

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Iran Develops Its Own Cryptocurrency

TEHRAN: Iranian Minister of Communications and Information Technology Mohammad Javad Azari Jahromi says the Iranian cryptocurrency is being developed under a joint project involving the ministry’s ICT Research Institute, Central Bank of Iran’s Monetary and Banking Research Institute and the state-run Post Bank. “Last week, in a joint meeting aimed ...

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BoE chief says Cryptocurrencies are failing as money

LONDON: Cryptocurrencies are failing as a form of money and have shown classic signs of being a financial bubble, requiring regulators to protect consumers and stop their use for illegal activities, Bank of England Governor Mark Carney said today. Carney did not call for a ban on cryptocurrencies such as ...

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Bill Gates Says Bitcoin has Caused Deaths

NEW YORK: Microsoft founder Bill Gates criticised the anonymity of cryptocurrencies during a Reddit “Ask Me Anything” session on Tuesday, even going so far as to suggest that their use in the illicit drugs trade has directly caused death. “The main feature of crypto currencies is their anonymity,” he said. ...

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Bitcoin set for worst week since 2013

LONDON: Cryptocurrencies plunged on Friday, with several of the largest falling by more than 20 percent and bitcoin sliding below $8,000 and headed for its worst week since 2013, as worries about a regulatory clampdown globally sent investors scrambling to sell. The slump in prices this week means the total ...

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Facebook bans cryptocurrency adverts

LONDON: Facebook has banned adverts for Bitcoin and other cryptocurrencies on its sites after recent criticism from users about scams and hoaxes being promoted in their newsfeed. The world’s biggest social network said such digital currencies are “frequently associated” with “deceptive promotional practices”. “Two of our core advertising principles outline ...

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Cryptocurrencies fall after hack hits Japan’s Coincheck

TOKYO: Cryptocurrencies fell Friday after Japan-based digital exchange Coincheck suspended client deposits and withdrawals for virtual currencies except bitcoin, saying it had been hacked. Coincheck said it was investigating “unauthorised access” of the exchange that appeared to result in a loss worth half a billion US dollars of NEM, the ...

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Criminal underworld is dropping bitcoin for other cryptocurrency

JOHANNESBURG: Bitcoin is losing its lustre with some of its earliest and most avid fans – criminals – giving rise to a new breed of virtual currency. The value of certain privacy-focused digital currency like monero, designed to avoid tracking, have climbed faster over the past two months as law ...

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