How the IRS Could Cripple Cryptocurrency

(REASON.COM) – Cryptocurrency startup Coinbase has been scrupulously compliant with government demands, until the IRS asked for millions of innocent customers’ records. By Andrea O’Sullivan Should the Internal Revenue Service

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Fraugster, a Startup That Uses AI to Detect Payment Fraud, Raises $5M

(TECH CRUNCH) – Fraugster, a German and Israeli startup that has developed Artificial Intelligence (AI) technology to help eliminate payment fraud, has raised $5 million in funding.  By Steve O’Hear Earlybird

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Expert Shortage Hampers Japanese Financials in Blockchain Race

By Thomas Wilson TOKYO (Reuters) – Japanese financial firms risk falling behind on the world stage as efforts to adopt blockchain technology that promises to save billions of dollars in

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U.S. to Auction $1.6 Million of Bitcoin from Various Cases

By Nate Raymond NEW YORK (Reuters) – The U.S. government said on Monday it plans to auction over 2,700 bitcoins that were forfeited during several cases, several of which stemmed

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Australia Sets Up Specialist Cyber Unit to Trace Terrorism Payments

SYDNEY (Reuters) – Australia has set up a cyber-intelligence unit to identify terrorism financing, money laundering and financial fraud online, the government said on Tuesday, because of “unprecedented” threats to

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Dismayed by Brexit, Fintech Firm Azimo Could Leave London

By Caroline Copley BERLIN (Reuters) – London-based online money transfer business Azimo is considering switching its headquarters to mainland Europe because of Brexit, which it says could threaten Britain’s position

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Allianz Sees Cyber Premiums as Fire Insurance of 21st Century

BERLIN (Reuters) – The growing threat of hacking and a duty to protect data more stringently will accelerate demand for cyber insurance in Europe, insurer Allianz said on Wednesday, as

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Bitcoin ‘Miners’ Face Fight for Survival as New Supply Halves

By Jemima Kelly KEFLAVIK, Iceland (Reuters) – Marco Streng is a miner, though he does not carry a pick around his base in south-western Iceland. Instead, he keeps tens of

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Wal-Mart Mobile Pay Service Rollout Complete, Repeat Usage Jumps

By Nandita Bose CHICAGO (Reuters) – Wal-Mart Stores Inc said on Wednesday it has completed the rollout of its Wal-Mart Pay mobile payment service across the United States and that

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Can Your Smartphone Really Handle All Your Finances?

(BBC) – Would you be prepared to manage all your finances through your smartphone? This is the hope of many financial technology – fintech – start-ups aiming to transform our

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