Tag Archive: SWIFT

  • Altcoin News, Bitcoin, News, News teaser, Trading

    Russia and Iran May Use Cryptocurrencies to Bypass International Sanctions

    Politicians in Iran and Russia are discussing the possibility of using digital currencies to bypass sanctions.  Cryptocurrencies: A Tool for Bypassing Sanctions Decentralization is one of the biggest advantages of cryptocurrencies. Unlike traditional fiat currencies, cryptocurrency transactions cannot be stopped by a central party or authority. Some countries have sanctions imposed on them by the USA and many European nations. Several experts believe that certain countries may be bypassing international sanctions by using decentralized cryptocurrencies.

    · May 21, 2018 · 7:00 pm
  • 20% of College Students Admit Using Student Loan Money to Invest in Cryptocurrency Altcoin News, Bitcoin, Bitcoin Acceptance, News, News teaser

    Certified German Bank Transfers Loans with Bitcoin, Subverts SWIFT

    One online bank in Germany is now using bitcoins for loan transfers.  Subverting SWIFT Founded by German Radoslav Albrecht, Bitbond is an online bank which now affords its customers the ability to transfer loans internationally — specifically, by using Bitcoin. The platform uses Bitcoin and other cryptocurrencies to subvert SWIFT — the self-proclaimed world’s leading provider of secure financial messaging services — by lending money around the world instantly and at virtually no cost. Albrecht explained to

    · May 12, 2018 · 11:00 pm
  • Russian Scientists in Top-Secret Warhead Facility Arrested for Mining Bitcoin Blockchain Technology, News, News teaser

    Russia May Use Ethereum Blockchain for Its ‘SWIFT’ Payments

    The central bank of Russia is preparing to transfer payments on SPFS, its domestic version of SWIFT, to the blockchain in 2019. Ethereum Or New Blockchain To Power Blockchain SWIFT As local news media outlet Izvestiya reports May 4 quoting a source close to Bank of Russia, authorities are currently deciding on a blockchain solution on which to begin sending payments. This, they say, could be either a homegrown effort or make use of existing

    · May 4, 2018 · 4:00 pm
  • 3 problems with Ripple Altcoins, News, News teaser, Op-Ed, Ripple

    3 Big Problems Ripple Investors Can No Longer Ignore

    While Ripple is “not a bad investment” right now, major challenges exist when it comes to long-term prospects for its bank-oriented digital token (XRP), according to Weiss Ratings. 2 Dilemmas for Ripple’s XRP Token… Independent ratings agency Weiss Ratings began listing cryptocurrency grades since January of this year. While Bitcoin’s relatively low grade of a C+ (recently upgraded to a B-) received most of the attention, the agency also graded many other cryptocurrencies, helping investors

    · March 21, 2018 · 6:30 am
  • Ripple CEO News, News teaser, Ripple

    Ripple CEO Promotes Centralization, Puts Down SWIFT

    Earlier this week, Ripple CEO Brad Garlinghouse spoke at Money 20/20 Asia’s “A New Payments System for the Digital Age” fireside chat, where he discussed his vision for the future of his company, XRP, and the Internet of Value. Unsurprisingly, he also argued for centralization in the cryptocurrency space. Putting down decentralization The highlight of Ripple CEO Brad Garlinghouse’s discussion at a Money 20/20 earlier this week unsurprisingly came when the centralized currency’s leader argued

    · March 15, 2018 · 12:00 pm
  • Bitcoin, Bitcoin Security, News, News teaser

    Global Banking System Under Threat As Hackers Crack NSA, SWIFT Again

    Hacker group Shadow Brokers has allegedly proved that the US National Security Agency (NSA) hacked SWIFT international banking network. NSA ‘Documents And Files’ Show SWIFT Transactions ‘Monitored’ In “documents and files” released Friday, Reuters reports, the group said it had evidence the NSA used SWIFT to “monitor money flows among some Middle Eastern and Latin American banks.” The news marks the second time Shadow Brokers has laid claim to compromising NSA secrets. In August 2016,

    · April 15, 2017 · 2:00 pm
  • XRP Altcoins, News, News teaser, Ripple

    Bitstamp: Ripple’s XRP a ‘Good Fit’ for EU License Requirements

    In the world of altcoins, Litecoin, Ethereum, and even Monero have all had some moments in the sun. However, the one that may end up being the most successful of them all is Ripple (XRP), and they have joined Bitstamp’s digital currency exchange this week. XRP Trading Comes at Bitstamp Beginning on Wednesday, Bitstamp users can create Ripple’s XRP deposits and withdrawals, with full-service trading to begin on Tuesday, January 17th. When full trading commences, there will

    · January 12, 2017 · 2:00 am
  • Bitcoinist_Swift Breaches Bitcoin Breaking News Brief, Breaking News, News, News teaser

    US Banking Regulators Warn About Imminent Swift Attacks

    US Regulators are scrutinizing the Swift payment network in light of the recent heists which have taken place. That is not a complete surprise, as there is plenty of cause for concern. Things have gotten so dire; the US regulators have warned banks about more imminent threats to their cyber security. Also read: Hacker Sells Twitter Data Dump On Deep Web For 10 Bitcoin Ever since the various attacks made against banks connected to the

    · June 10, 2016 · 5:16 am
  • Bitcoin Industry Report Bitcoin, Bitcoin Exchange, Bitcoin Investment, Bitcoin Politics, Bitcoin Security, Bitcoin Technology, Bitcoin Wallet, Blockchain Technology, News, News teaser

    Industry Report: The USPS Does Digital Currency

    The United States Postal Service (USPS) and the blockchain join hands; Mt. Gox creditors aim to get what’s theirs, and Swift gets slowed down by bank breaches. Want to see what you’ve been missing in digital currency news? Take a gander at the stories below: Also read: Industry Report: Lisk, the First ‘modular’ Currency? USPS Are the United States Postal Service and the blockchain the digital world’s new power couple? According to a new report,

    · May 30, 2016 · 9:00 am
  • Bitcoinist_Traditional Finance Breaking News, News, News teaser

    Swift Investigation Highlights Twelve More Potential Breaches

    The Swift payment network breaches have been making media headlines for several weeks now. But it appears more than three banks may have been breached, as researchers are investigating 12 similar incidents. Although nothing has been confirmed yet, this news does not bode well for the financial ecosystem. Also read: Industry Report: Lisk, The First ‘modular’ Currency? A lot of people were concerned about Swift when it became clear more than one bank lost funds

    · May 27, 2016 · 9:14 am
  • Bitcoin Breaking News Brief, Breaking Bitcoin News, Breaking News

    Europe Gives Extra Attention To Payment Railways

    Europe is moving fast investigating the movement of funds within their region to try and thwart off the acts of terrorism that has frightened the entire world. Immediately after the Paris attacks world leaders shouted out from podiums demonizing encryption and held secret emergency meetings to discuss cryptocurrency. The European Union has made it clear they are unhappy with encrypted services, they want to hire a blockchain investigator, and they want access to the SWIFT

    · November 24, 2015 · 9:33 am