Probing Question: What is Bitcoin?
In 1729, when he was 23 years old, Benjamin Franklin authored a pamphlet titled "A Modest Inquiry into the Nature and Necessity of a Paper Currency." The revolutionary idea he advocated? Paper money...
View ArticleBitcoin 'mining pool' promises to stay small
The largest group of bitcoin miners, which maintains and processes transactions in the digital currency, is promising to avoid majority control of the currency as a temporary measure to maintain the...
View ArticleA forced PIN for all credit cards won't stop the biggest fraud
Put the pen away when you next take out your credit card as from tomorrow (Friday August 1) Australians will no longer be able to use their signature when completing a transaction in a store. It's PINs...
View ArticleCoinbase taking Bitcoin wallet platform to Europe
San Francisco-based Coinbase is taking its Bitcoin wallet to Europe with an aim of enticing more people there to use the digital currency.
View ArticleIn the web's hidden darknet, criminal enterprise is thriving
Criminals have always done their best to use new technology to their advantage and the rapid development of new digital technologies and online markets has provided the criminal entrepreneur with as...
View ArticleBofA to refund Apple Pay customers charged twice
Bank of America is apologizing for double-billing customers who made purchases using Apple's new mobile payments service.
View ArticleVirtual money and user's identity
Bitcoin is the new money: minted and exchanged on the Internet. Faster and cheaper than a bank, the service is attracting attention from all over the world. But a big question remains: are the...
View ArticleBitcoin lets users avoid censorship
In his graduation research, computer science student Krzysztof Okupski has developed software to encrypt messages with the Bitcoin network. Using his software, it costs around 50 cents to send an A4...
View ArticleBitcoin's development plagued by scandal and speculation
Several sensational scandals in the United States and abroad have increased U.S. and foreign governments' scrutiny of bitcoin, an expanding digital currency that critics say is ripe for criminal abuse.
View ArticleResearch reveals we may need a new definition for privacy
If you still believe your personal credit information is truly private, newly released research by a Rutgers professor may lead you to reconsider.
View ArticleTen more years of real money
We will still be using "real" money for at least the next 5 to 10 years, but financial transactions carried out using mobile electronic devices, such as smart phones and tablet computers, will...
View ArticleThe future for antiferromagnetic information storage
A review published in IEEE Transactions on Magnetics compiles the approaches that have been employed for reading and storing information in antiferromagnets and answers the question about how to write...
View ArticleSeller beware: International transactions require much more than a contract
Suppose China wants to buy microprocessors from the United States. The two countries sign a contract—and then the United States hopes that China, as the buyer, holds up its end of the bargain. (One...
View ArticleDoes Bitcoin's underlying technology have other uses? Investors think so
Anyone interested in modern technology has heard of the digital currency called Bitcoin, even if few people understand how it works.
View ArticleA digital detective roots out 'brushing' in online marketplaces
Online ratings and reviews are a helpful, if imperfect, guide for potential customers.
View ArticleTop EU court rules Bitcoin exchange tax-free in Europe
The EU's top court ruled Thursday that the exchange of Bitcoin and other virtual currencies should be treated just like traditional money in Europe and not incur any sales tax.
View ArticleGoldman Sachs seeks patent on virtual currency
Goldman Sachs is developing a virtual currency system that aims to revolutionize securities transactions, according to a US patent application filed by the Wall Street investment bank.
View ArticleHave journalists found the inventor of Bitcoin or simply been duped?
Two US technology sites have claimed that the creator of the digital cryptocurrency Bitcoin is an Australian businessman called Dr Craig S Wright. Both Wired and Gizmodo have based their conclusions on...
View ArticleChase planning rollout of card-free ATMs
Soon, losing your ATM card won't be the financial life-stopping event it used to be. Just don't also lose your phone.
View ArticleIntelligent transaction tax could help reduce systemic risk in financial...
A new IIASA study proposes a solution for mitigating the increasingly risky nature of financial markets, based on an analysis of systemic risk in financial networks.
View ArticleReal-time visualization tool reveals behavioral patterns in Bitcoin transactions
A novel visualization method for exploring dynamic patterns in real-time Bitcoin transactional data can zoom in on individual transactions in large blocks of data and also detect meaningful...
View ArticleElectronic voting may be risky, but what about vote counting?
Several advantages of online voting were identified in a recent post by Conversation columnist and software researcher David Glance who backed the introduction of such a scheme in Australia.
View ArticlePoland investigates massive download of personal data
Prosecutors and other state security officials in Poland are investigating unprecedented massive night downloading by bailiffs of personal data of some 1.4 million Poles.
View Article20,000 defrauded as UK's Tesco Bank hit by hack attack
Britain's Tesco Bank temporarily froze all online transactions Monday after around 20,000 customers had money stolen from their accounts in a hack attack.
View ArticleApple Pay expands to charities, Samsung Pay to offer rewards
Apple is making it easier for people to give to charities by expanding its Apple Pay payments service to nonprofits.
View ArticleCombatting retail fraud using a simulator
Every year the retail industry lose billions of dollars to fraud in the US alone. To complicate the matter research in the field has been obstructed due to the sensitive nature of transactional data....
View ArticleBitcoin's central appeal could also be its biggest weakness
Bitcoin reached a huge new peak in value in June 2017, when one unit of the virtual currency was worth US$2,851 (£2,208), up from around US$600 just a year earlier. More than 10m people worldwide are...
View ArticleThreat of a bitcoin split avoided, for now
On the eve of a major change in bitcoin, a threat of a split in the digital currency has been avoided—for now.
View ArticleBuy it with bitcoin in New York, but it's not cheap
At Melt Bakery, a hole in the wall that sells ice cream sandwiches in New York's upscale Manhattan neighborhood, you can pay for your guilty pleasure in bitcoin.
View Article'Virtual gold' may glitter, but mining it can be really dirty
As the poster child for the growing ranks of computer-generated currencies, bitcoin's recent stratospheric price rises have propelled it from the chat forum-hosted depths of nerddom into the global...
View Article
