Industry Report: Bitcoin Fraud Never Works

Industry Report: Bitcoin Fraud Never Works

Coinbase adds Ethereum, a man learns the consequences of bitcoin fraud, and Surbitcoin unfreezes following a temporary scare. Want to catch up on your latest digital currency news? Take a look at the stories below. COINBASE. Once a primarily Bitcoin-based exchange, Coinbase shocked the world when it announced that leading bitcoin competitor Ethereum would be added to its list of currencies, and the exchange will now offer Ether services to its customers. Clients in well over 30 counties will now have the ability to buy, sell, and store ether in their Coinbase accounts like they would....


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ATM Industry Association Publishes Report on Bitcoin ATMs

The ATM Industry Association (ATMIA) has published a report titled "An Introduction to Bitcoin ATMs", providing the industry's first in-depth view of bitcoin and its implications for the ATM world. The ATMIA commissioned the report, which was written by Tremont Capital Group, a leading consulting firm specializing in the ATM industry. "We've been asked as an industry body to comment on the significance of bitcoin and digital currencies to the ATM and cash industries," said Mike Lee, the association's CEO. "This paper is our first report of many which will enable us to draw some logical....

ATMIA, Tremont Capital Group Releases Report on Bitcoin ATMs

The ATM Industry Association has today released a commission report written by the Tremon Capital Group - a large consulting firm that specializes in the ATM industry. Entitled "An Introduction to Bitcoin ATMs", the report covers the topic of the ever-increasing amount of bitcoin ATMs, if you haven't already guessed by the name. "We've been asked as an industry body to comment on the significance of Bitcoin and digital currencies to the ATM and cash industries," said Mike Lee, ATMIA CEO. "This paper is our first report of many which will enable us to draw some logical conclusions about how....

ACI Report Shows Card Fraud Gets Worse Over Time

If that wasn’t enough, more than one in ten consumers admitted they lack the confidence in their financial institution to protect them against fraud. Payment fraud is a matter more consumers should be concerned about. A new report by ACI shows how nearly one in three consumers has dealt with card fraud over the past five years. There are alarming numbers, even though this is another clear example as to why Bitcoin is entirely different in a positive manner.   The report published by ACI is not hinting at a positive future for payment card users around the world.....

Report Suggests MtGox Fraud Led to $1200 Bitcoin Price

The chart pointing out artificial price floors on MtGox via The Bitcoin Channel. It turns out that the extreme rise in the bitcoin price near the end of the 2013 may not have had much to do with China, Silk Road, or government hearings in the United States. Although those three factors are often cited as the reason the price skyrocketed to over $1000 near the end of the year, a new report suggests that there was some price manipulation going on behind the scenes at MtGox. Although the report falls short of placing guilt upon Mark Karpeles or anyone else at MtGox, fraud is definitely an....

China to Lead the Way for Blockchain Usage

Industry experts have said that China is set to lead the way with the use of blockchain as it reinforces the development of digital intelligent services, reports the South China Morning Post. According to the report, this development is running alongside plans by the country’s telecommunications industry as it works at rolling out 5G mobile services by 2020. Vijay Mayadas, the vice-president of corporate strategy and head of blockchain strategy at Broadridge Financial Solutions, said to the South China Morning Post, that: When 5G, the Internet of Things and autonomous driving....

Quotes

Yes, [we will not find a solution to political problems in cryptography,] but we can win a major battle in the arms race and gain a new territory of freedom for several years. Governments are good at cutting off the heads of a centrally controlled network like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own.

Satoshi Nakamoto, Bitcoin Developer