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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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. Keeping in mind how almost....
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....
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....
The European ATM Security Team released a new European Fraud Update for 2016. As part of this report, an interesting picture is painted as to how ATM fraud is evolving in Europe. A total of 23 European countries are represented in this report, and by the look of things, the fraud rates are not going down by much. Bitcoin remains a viable alternative to traditional finance, as digital currency ATMs are not affected by skimming issues for the time being. ATM Fraud Update Reports Shift In Skimming. One particular trend of notice in this new report by EAST is how twenty countries reported....
Banks are exploring blockchain or distributed ledger technology as a way to prevent fraud risk in the $4 trillion trade financing industry. Standard Chartered Plc, having lost nearly $200 million in fraud at Qingdao port two years ago, has partnered with DBS Group Holdings Ltd. to establish an electronic invoice ledger using a blockchain. HSBC Holdings Plc and America Corp. are also looking at blockchain for trade finance in addition to other applications. Trade financing, a centuries-old mainstay of banking, could become the starting point for blockchain adoption since it can eliminate....