Something interesting is going on in Pakistan, albeit the situation is quite worrying at the same time. All mobile communication has been shut down for two full days after the local government ordered telcos to halt operations as a result of security concerns. Landlines and broadband internet connectivity remains unaffected for the time being. Also read: TalkTalk Hacked – Centralized Solutions and Unencrypted Customer Data Mobile Communication As a Form of Terrorism It is no
Ransomware is becoming increasingly popular with hackers and cyber criminals. The ability to lock down an entire system and render it useless until a ransom has been met is quite powerful. Ransomware often requires payment in a method that is irreversible, allowing the criminals to keep any payments they received unless they are caught of course. The FBI has warned that companies might not be able to get their data back unless they pay the ransom
Theft of credit card information is nothing new under the sun, as these types of data breaches occur on a regular basis in this day and age. British provider TalkTalk is the latest company on a growing list of companies who suffered an attack by hackers. Customer data has, most likely, been obtained, which could include credit card details. Also read: GetHashing: Introducing a New Concept for Cloud Mining TalkTalk Breached By Hackers Popular systems
NextBank is looking to be the first bank of its kind: a global bank that provides its services in over 50 languages, accepts over 135 different payment methods from Bitcoin to platinum, and is free from the influences of a financial institution. Disclaimer: This article was provided by Bitcoin PR Buzz. Bitcoinist is not affiliated with NX Bank and is not responsible for its products and/or services. Instead of going on the defensive when the
Technology is evolving at an accelerated pace, and the opportunities for improving nearly all aspects of everyday life are endless. So many different parts of society can be improved upon by embracing these technological innovations, including the way we deal with resources. This concept in the FinTech space is called smart cities, and some interesting ideas are being tossed around. Also read: P2P Car Rental Service CarAmigo Reaches Taxation Agreement With Belgian Government The Concept of
The GetHashing Cloud, (GHcloud) is the first decentralized crowd mining platform. The founders and developers of this crowd cloud mining platform thought to introduce a whole new concept for cloud mining services.
Traditional banks have to innovate themselves if they want to remain relevant in this ever-changing landscape of finance. Closed down ecosystems do not communicate with each other, making the overall consumer experience clumsy and even annoying at times. But in The Netherlands, a new initiative has been approved to access several online services by logging into a user’s PC banking account. Also read: Ledger Wallet Giveaway: Winner Announcements PC Banking Credentials as Online Identification While
Today, the 22nd of October, The European Union's top court ruled that Bitcoin and digital currencies should be exempt from sales taxes within the 28-country block.
The Bitcoinist.net Ledger Wallet giveaway has come to a close, and we have picked three winners to receive a Ledger Wallet! These winners will be able to use their Ledger wallets as a safe and reliable method of hardware Bitcoin storage. To ensure fairness in this giveaway, we used Random.org to arrange a randomized list that we used to pick our three winners. For the sake of privacy, we will not publish the winners’ names,
Another security threat is looming overhead for Internet and Bitcoin users around the world. The Network Time Protocol, commonly used to ensure electronic devices’ internal clocks are properly synchronized, is vulnerable to tampering. Considering how the communication between a device and the Network Time Protocol is almost never encrypted, a man-in-the-middle-attack becomes highly likely. Also read: P2P Car Rental Service CarAmigo Reaches Taxation Agreement With Belgian Government Network Time Protocol Vulnerability of Great Concern In
In a surprising turn of events, peer-to-peer car rental platform CarAmigo has reached an agreement with the Belgian government regarding the taxation of this service for the car owners and platform customers. This agreement is the world’s first between traditional governments and disruptive new services. In fact, CarAmigo gets a leg up over competitors such as Blablacar and Uber in this regard. Also read: Blockchain Technology Holds The Key To Subway’s Antibiotics-free Food CarAmigo –
When BnkToTheFuture’s chief executive Simon Dixon says that stock exchanges around the world have a long history in listing gold and oil mining stocks, but Australia will become the first ever to list this new form of mining stock, it makes a lot of sense. The country has a hot and cold reaction towards the digital currency technology; however, the latest move where the world’s first Bitcoin mining IPO is drawing near, it is moving
Healthcare is a matter near and dear to a lot of people, and obtaining medicine and antibiotics is not always such an easy task to accomplish. One thing most people fail to realize is how the meat we eat – especially the kind of meat found in Subway restaurants – contains a variety of antibiotics to begin with. That situation is about to change, though, as the company vows to make all of their offerings
The NAC Foundation was a group of programmers and entrepreneurs led by Marcus Andrade that first started working on the Aten Coin project in 2012. Designed to be a coin fully compliant with government regulations such as AML and KYC, Aten Coin became a reality in early 2014. Disclaimer: This article was provided by Bitcoin PR Buzz. Bitcoinist is not affiliated with NAC Foundation and is not responsible for its products and/or services. NAC Foundation’s
The corrupt Silk Road DEA agent Carl Force was sentenced today in California to an edict of 78 months in prison. The judge dismissed Forces claim to hardships growing up and his insanity plea, explaining how he betrayed the public’s trust for a book and movie deal. U.S. District Judge Richard Seeborg said Force’s betrayal was “breathtaking” and warranted no exceptions. Also read: Understanding FinTech – What is it And Why Do We Need It? In
Apple keeps cracking down on applications in their App Store, who are not adhering to the company’s rules. SourceDNA recently published a report mentioning a specific group of mobile apps extracting user identifiable information. Details being extracted include Apple ID email addresses, peripheral serial numbers, and a full list of all installed applications on the device. Also read: Bitcoinist Weekly News Re-Hash: Carl Force Sentencing, Uber’s Data Blunder Few Hundred Apps Kicked Out of Apple
Understanding the concept of FinTech and its importance to the entire world is just the first step along the way. For businesses, innovations in the FinTech world will change the way they do business forever. From a consumer point of view, new and innovative payment methods are being introduced now and then, most of which still rely on traditional financial infrastructure. In fact, consumers might be the biggest benefactors of FinTech innovation. Also read: Understanding
Bitcoiners got to enjoy some exciting market activity this week, with the Bitcoin price rising to levels that have not been seen in several months. Towards the end of the week, the price broke into the $270s, but quickly settled down into the low $260s, which some people hope will be a new bottom. Also read: Apple Pay Stumbles After Initial Support — Bitcoin A major Competitor Daily Bitcoin Price Action October 12: $247.83 October
Technology plays an ever-important role in the daily lives of everyday consumers. But not just consumers can benefit from technological innovation, as companies stand to gain a lot from embracing these new tools. A recent study of British businesses indicated there is a major interest in harnessing technology, which could yield up to nearly £100bn a year. Also read: Understanding FinTech – What is it And Why Do We Need It? Don’t Fight Technology, Embrace
Apple Pay has been touted as one of the most revolutionary mobile payment forms of the past 12 months. Despite a ton of marketing efforts, hype, and integration by thousands of merchants around the world, the platform has not been without flaws. In fact, most users are still not sure whether or not Apple Pay is a favorable option. Running out of phone battery makes the entire payment utterly useless. Also read: Understanding FinTech –
China is seemingly buying up a lot of Bitcoin and alternative currencies like gold right now. The devaluation of their currency has been slashed over the course of the past month. The country’s Foreign Exchange Commission has ordered financial institutions to increase its checks and balance controls for capital outflow. Currency wars in the region have led to a massive monetary dump as China’s Black Monday looms and looks to a very rough financial week. This
SnapSwap is a company that launched in 2012 and established an international headquarters in Luxembourg this year. Recently, SnapSwap announced on October 12th that they have been granted a license to provide services as a regulated payment institution by the Minister of Finance of the Grand DUchyof Luxembourg. Disclaimer: This article was provided by Bitcoin PR Buzz. Bitcoinist is not affiliated with CryptoGames.IO and is not responsible for its products and/or services. The license is
Fancy new terms such as “FinTech” are found all over mainstream and online media outlets these days. However, most people still have no idea what this term means, or why it is even such an important topic of conversation these days. Before we can explain the recent evolution of FinTech, we must first explain what this new hype is all about. Also read: New UK Cybercrime Report Makes No Mention of Bitcoin What is FinTech?