Fintech Review

APRIL 8, 2025

New York, New York, April 8th, 2025, FinanceWire Testnet Opens Door to Decentralized Trading, Borrowing, Earning, and Stablecoins on Bitcoins Foundation Bitcoins market cap sits close to $2 trillion, but its potential remains largely untapped, locked behind centralized solutions. Users can learn more at alpenlabs.io

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Bitcoin Stablecoins Caps Compromise 52

Finovate

JUNE 18, 2025

Stablecoins gain legitimacy and clarity As a decentralized finance tool, stablecoins have long been grouped together with their crypto cousin bitcoin. Banks need to stay agile If the House does not pass the GENIUS Act, it can advance its own bill in the form of the STABLE Act or negotiate a compromise.

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Stablecoins FinTech Legal Framework FedNow 76

PYMNTS

JANUARY 25, 2021

No user funds have been compromised in the attack. Bitcoin is highly volatile as its rally over the past year from $4,000 to more than $40,000 and then back towards $30,000 shows,” Bank of Singapore’s Mansoor Mohi-uddin told The National. Cointelegraph noted that 95 percent of funds are kept in cold storage.

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Fintech Review

APRIL 17, 2025

Nashville, Tennessee, April 17th, 2025, FinanceWire Magnolia Financial , the Bitcoin-native financial services company focused on simplifying onramp and custody for Bitcoin businesses, today announced its partnership with Amboss Technologies. It was the clear choice.”

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PYMNTS

NOVEMBER 18, 2020

Bitcoin has continued to rise, hitting $18,172 Wednesday morning (Nov. Bitcoin has been on the rise in 2020 as it becomes increasingly more accepted by the mainstream payments industry. MPC-based and cold storage crypto wallets are secured and were not compromised.”. It fell slightly, hitting 17,542.52 as of 3:39 p.m.

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PYMNTS

APRIL 28, 2019

Police in Singapore helped stop a scam that was targeting users of bitcoin machines at a local mall. The scammers then ordered the man to transfer a total of $1,000 ($734 USD) worth of bitcoin to their wallets on two occasions, which the victim did.

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Scams Bitcoin Business Email Compromise Law Enforcement 59

PYMNTS

AUGUST 10, 2020

The scams are coming by way of fake Bitcoin wallets that trick victims into fraudulent trade agreements before disappearing completely. And hackers could potentially compromise a system and steal the funds.

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CoinRemitter

FEBRUARY 25, 2025

Bitcoins price volatility is one of the biggest concerns when you accept crypto payments in Bitcoin. Sometimes, Bitcoin experiences double-digit percentage changes within a single day. If you are one of those business owners who accept payment in crypto , especially Bitcoin, should you be worried? Maybe yes, maybe no.

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PYMNTS

MARCH 22, 2016

When it comes to bitcoin, the stories about ransomware seem to be nothing out of the ordinary for the mainstream news cycle. Ironically, this most recent case comes less than a year after a New Jersey police officer from the same city was nabbed for selling bitcoin mining equipment. The result? Success breeds more activity.”.

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PYMNTS

NOVEMBER 23, 2020

Bitcoin rose above $18,000 last week for the first time since Dec. Bitcoin skyrocketed, profits were taken, profits went back into altcoins,” which are more volatile than bitcoin, Joseph Edwards , head of research at crypto brokerage Enigma Securities, told Reuters.

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Central Bank Bitcoin Digital Currency CBDC 52

PYMNTS

SEPTEMBER 11, 2019

But that message is apparently lost on criminals, who, according to a new report, have stolen some $26 billion over the last three years in a scam generally known as “ business email compromise.”. This is not the first time the FBI has sounded a warning about business email compromise. Federal Bureau of Investigation. Fraud Trends.

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The Fintech Times

JUNE 26, 2025

Digital asset insurance broker Native has appointed George Frith as divisional director, Bitcoin mining and AI compute. He will focus on developing bespoke cover for digital infrastructure risks, from bitcoin mining to AI data centres. Wealthtech firm Orion has named Valli Nachiappan as chief technology officer.

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FinTech AI Online and Mobile Banking Non-Bank 59

PYMNTS

MAY 2, 2018

After hackers stole data from the computer system of a Massachusetts school system, they offered to return the information in return for a $10,000 bitcoin payment. As a result, the district paid the $10,000 in bitcoin. As of last May, more than $80,000 in bitcoin payments have been made so users could access their files again.

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PYMNTS

JUNE 18, 2019

Instead of intercepting SMS messages to bypass 2FA protection on users’ accounts and transactions, these malicious apps take the OTP from notifications appearing on the compromised device’s display. According to The Citizen , “Bitcoin Wallet” promises returns of 100 percent in 15 days. she asked.

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PYMNTS

OCTOBER 23, 2017

A software engineer from Florida was slapped with a 16-month prison term late last week after a court found him guilty of scamming to aid an illegal bitcoin exchange. The bitcoin exchange, Coin.mx , was linked to JPMorgan’s 2014 data breach , in which the account information of more than 83 million customers was compromised.

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PYMNTS

OCTOBER 1, 2019

” “Today, September 28th, 2019, the Fusion swap wallet was compromised, resulting in theft of 10 million native FSN and 3.5 gave up on its plans for a Bitcoin ETF earlier this month, leaving only two contenders looking for approval from the U.S. which had two Bitcoin ETF proposals denied. Criminals have stolen around $6.4

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PYMNTS

JANUARY 22, 2018

Bitcoin is getting used to a new, and reset, pricing order as investors worldwide say they aren’t concerned about the coming regulatory wave (or the army of hackers stealing cryptocurrency), but the sluggish pricing tells a different story. Following The Bouncing (And Stolen) Bitcoin. And while $1.2 As for Amazon?

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CB Insights

NOVEMBER 21, 2017

As of this writing in mid-November 2017, the total market capitalization of cryptocurrencies hovers around $220B (with a single bitcoin trading for upwards of $8,000). It will also define Bitcoin, Ethereum, blockchain broadly, and initial coin offerings, and highlight promising use cases for the technology. What is Bitcoin?

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PYMNTS

DECEMBER 1, 2016

Edmund John, founder and CEO of KYC-Chain, a Hong Kong-based security and authentication startup, believes that blockchain’s (the distributed ledger technology that powers bitcoin) two-factor authentication capability holds the key to offering the ultimate security solution for digital identity. A long road to acceptance.

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Blocks Blockchain Compromise Bitcoin 62

PYMNTS

DECEMBER 11, 2017

The move comes just weeks after the revelation that ride-sharing service Uber hid a breach that compromised the data from 57 million of its customers, and that they paid hackers to destroy the stolen information. Bitcoin And The Ghost Of Crashes Present. And for the last few days, gravity has been catching up with bitcoin.

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PYMNTS

AUGUST 15, 2019

No “market-sensitive” data that could compromise the markets was stolen, the ECB said. The bank, responding during a Q&A session on Twitter, added that it didn’t have any plans to put bitcoin into its reserves. A European Central Bank (ECB) website has been shut down after a malicious hacking attack infected the site.

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PYMNTS

FEBRUARY 9, 2020

Anything of value that is smart and connected can be compromised and held for ransom,” said Steve Grobman, the chief technology officer at McAfee. “If The attackers demanded higher ransom, hijacking companies’ systems and demanding bitcoin payment in exchange for a decryption key. and Europe.

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Ransomware FBI Law Enforcement Compromise 75

The Fintech Times

JUNE 28, 2025

Crypto is volatile – Bitcoin is down 25 per cent this year – and credit cards often carry APRs over 30 per cent. “But there is also a need to find the right balance for retail investors, ensuring they can benefit from the new opportunities on offer without compromising their security.

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Credit Cards Consumer Push-to-Card Consumer Protection 66

PYMNTS

JULY 22, 2019

A city spokesperson confirmed earlier this month that the government had voted unanimously to pay the ransom on top of the costs of attempting to fix and replace the computers that were compromised in the cyberattack. . 65 Bitcoin, or about $600,000: the cost of regaining data for the city of Riviera Beach when it decided to pay the ransom.

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Governance Government Ransomware Compromise 58

PYMNTS

AUGUST 5, 2016

Now, this is not at all to say that EMV technology is being foiled or compromised but does point out something that we have been saying all along: encrypting data at the POS is essential. The culprit is said to be the use of the BitGo wallet and the structure of the bitcoin accounts itself. Bitcoin’s Big Summer Fizzle.

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PYMNTS

APRIL 26, 2019

Business email compromise (BEC) scams are gaining traction, and bilking unwitting individuals and companies out of an increasing amount of money. For gift cards, once they have the pictures of the cards from the victims, they sell the cards on gift card exchanges where they can sell the cards to bitcoin. billion in 2018.

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Business Email Compromise FBI Scams Wires 57

The Fintech Times

MAY 22, 2024

Since Bitcoin’s inception in 2009, the crypto world has jumped from one height to the next continually breaking records. The emergence of spot Bitcoin ETFs is just one example of this integration, with more to come as traditional finance and crypto become increasingly intertwined. But what is keeping this momentum going?

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Cryptocurrency Innovation Bitcoin Blockchain 78

The Paypers

MARCH 1, 2017

(The Paypers) US companies are opening Bitcoin wallets and purchasing Bitcoin in case company servers or computers are compromised with ransomware encryption.

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Ransomware Bitcoin Encryption Compromise 28

PYMNTS

MAY 27, 2016

First it was one, then two and now it’s said to be 12 banks that have potentially been compromised using SWIFT communication protocols. Gox, the Toyko-based and now defunct bitcoin exchange run by Mark Karpeles, all sorts of people were trying to find the missing bitcoins that vanished when the exchange went belly up.

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PYMNTS

SEPTEMBER 29, 2019

In other news, Fusion Network has announced that its Private Key was stolen, leading to its token swap wallet being compromised and the theft about one-third of FSN tokens. “Threat actors achieve end user downloads by advertising in forums, on third party download sites or on file sharing sites.”.

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Bitcoin Blockchain Compromise End User 58

PYMNTS

FEBRUARY 28, 2020

In giving some insight into methodology, Intsights said the method used “is similar to mixers, where the actor will deposit Bitcoin into the exchange account and trade it for various Altcoins. Each time a trade is made, it further distances that original payment from its source account.”.

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Money Laundering Crime AML Cryptocurrency 86

PYMNTS

APRIL 25, 2019

And earlier this year, Samsung presented its first blockchain partners for its Galaxy S10 smartphone, “with the world’s most popular smartphone maker confirming that it will support bitcoin, ethereum, Cosmee and Enjin, together with a range of decentralized apps (dApps).”.

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Blockchain Cryptocurrency Compromise Bitcoin 68

Stax

APRIL 3, 2025

If a hacker compromises the eCommerce site, they only access a useless token, instead of payment data. While you might want a cost-effective option, the lowest fee may not be the best choice, especially if it comes with compromised services or limited capabilities. This token is used in place of the actual payment data.

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Payment Solutions Payment APIs and Integration Payment Gateways Gateways 88

PYMNTS

MARCH 29, 2019

Bitcoin scam : The headlines continue that support for bitcoin payments is waning on a case-by-case basis, and that exchanges are pulling back on futures. investors the chance to buy discounted bitcoin – and investors sent $1.5 investors the chance to buy discounted bitcoin – and investors sent $1.5

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Credit Union Bitcoin Scams Data Breach 67

CB Insights

FEBRUARY 16, 2021

But the value of most cryptocurrencies, especially bitcoin, fluctuates on a daily basis. After all, most businesses aren’t interested in accepting a currency like bitcoin that might tank in value the very next day. In 2010, for example, a programmer purchased pizza for 10,000 bitcoin (~$30). Get the full report. Source: Quartz.

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Stablecoins Multi-Currency Cryptocurrency Bitcoin 101

PYMNTS

MARCH 9, 2020

The FBI has once again sounded the alarm on the proliferation of digital fraud like ransomware and the business email compromise (BEC) scam, releasing new stats on the financial damage such criminal activity has caused in the U.S. in recent years.

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Business Email Compromise FBI Email Compromise Scams 56

PYMNTS

NOVEMBER 30, 2016

The attacker demanded 100 bitcoin (approximately $73,000) in ransom and displayed in the message to contact cryptom27@yandex.com for the decryption key. According to Krebs, a security researcher said he compromised the inbox of the hacker after seeing a news article on the SFMTA hack.

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