Hacker Prefers Wire Transfer over Bitcoin Payment
This piece of news may come as a shocker to those who have been busy slinging mud over Bitcoin by referring to its use in the black market and illegal purchases across the world. Ever since Silk Road became public, especially after the arrest of Ross Ulbricht, we have people who are advocating against Bitcoin by saying that it is meant for illegal transactions. READ MORE: Dark Wallet Developer Amir Taaki Comes in Support of Ross Ulbricht. A recent article in one of thetech magazines begs to differ. According to the magazine, even people who are doing illegal stuff would prefer handling....
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Bank of America's filing for a patent for a bitcoin wire transfer system last year was published by the U. S. Patent and Trademark Office (USPTO) on September 17, 2015. The patent seeks to protect a cryptocurrency wire transfer system in which funds sent by a customer electronically could be transferred using the blockchain of the underlying cryptocurrency. In particular, the bitcoin wire transfer system would convert the sender's funds at a cryptocurrency exchange then sent to another cryptocurrency exchange to be converted to foreign fiat currency before the funds are received. Bank of....
In a recent article about Hacking Team, we mentioned how this collective recently became the target of a hack themselves. More and more details regarding their activity is surfacing on a daily basis, and apparently selling exploits to Hacker Team can be done via email. Even though the person involved demanded a wire transfer payment for the entire sum, he could’ve used Bitcoin as well. Saying that the world of hacking and exploits if a lucrative business would be quite the understatement. A Russian hacker sold one of his zero-day vulnerabilities to Hacking Team a while ago for the sum of....
Coinify, the cryptocurrency based payment solution provider has announced a new strategic partnership with Bcash. The new partnership allows Bcash — one of the leading Bitcoin exchanges in Greece to offer card payment option to its customers. The number of Bitcoin platforms accepting card payments is numbered. Bcash’s partnership with Coinify adds one more platform to that list. The new partnership will benefit not only Greek but the whole European Bitcoin community. The lack of easy access to Bitcoin is one of the main reasons for the cryptocurrency’s slow adoption rate. On most....
The Bank of America Tower in New York City. Bank of America has filed a patent with the US Patent & Trademark Office (USPTO) for a system of wire transfers using cryptocurrency. Published 17th September, the patent describes a system in which funds are sent between accounts using cryptocurrency technology. The word "blockchain" or "block chain" does not appear in the patent. Thomas Edward Durbin and James Gregory Ronca, authors of the filing, state: "Enterprises handle a large number of foreign wire transfer requests on a daily basis. As technology advances, foreign transactions have....
Xapo, a Bitcoin company based in the United States, has just announced the ability to purchase Bitcoins through wire transfer with USD and Euro. The user will have to go through an identity verification process to be eligible for the new feature due to the United States' strict AML and KYC regulations. The user will need to verify their name, address, social security number to receive a reference number which is vital to receive the Bitcoins. This information was sent out in an email by Xapo: We're proud to announce Xapo Deposit - a new feature that allows you to acquire bitcoins via wire....