Crypto ransomware payments are one of the most common and serious cyber attacks. These attacks have been soaring in terms of counts as well as severity. According to few data and reports, we have obse...
Tag: payments
P2P payments have become more popular in Venezuela – Chainalysis
TL;DR Breakdown • The Latin country has supported crypto-mining since the rise of Bitcoin in 2021.• Venezuela accepts P2P payments in Bitcoin, USDT, and Dash. Venezuela is noted as one of the countrie...
P2P payments spurred crypto adoption across Venezuela in 2021
For Venezuela, 2021 has been a year of considerable changes at the microeconomic level, where even more than in 2020, the results of powerful catalysts for change such as COVID-19 were clearly visible...
Uber Plans to Accept Crypto Payments, CEO Says
The San Francisco-based transport giant will “absolutely” accept crypto payments, CEO Dara Khosrowshahi said in an interview with Bloomberg. Among many things — fares, food delivery, stocks, etc. — t...
Uber CEO Acknowledges Possible Crypto Payments Integration
Uber Technologies CEO Dara Khosrowshahi recently made statements that the ride-sharing company will be accepting crypto in the future as the industry becomes “environmentally friendly” and...
As crypto ransomware payments hit $602M in 2021, here’s how 2022 can be worse
One of the most common and serious cyber-attacks involves ransomware. These attacks have been increasing not only in number but also in severity. In the first half of 2020, average ransomware payments...
Ransomware Payments Hit At Least $600M in 2021: Chainalysis Report
As of 2021, the number of ransomware cryptocurrency payments nearly doubled, hitting an estimated $602 million, according to Chainalysis. In its latest report published on February 10, Chainalysis not...
Twitter Joins $20M Funding Round for Bitcoin Payments Provider OpenNode
Bitcoin payment provider OpenNode has closed a $20 million Series A funding round led by U.K. firm Kingsway at a $220 million valuation to fuel its global expansion, according to a press release provi...
Visa had a monopoly on payments at the Olympics for 36 years. China put an end to that
Since 1986, Visa has served as the exclusive payment service provider for the Olympic Games, complimenting cash as one of the only two ways to pay for anything at official Olympic venues. If you’re at...
Report: Crypto ransomware payments in 2021 was over $600 million
Cybercriminals are receiving a high percentage of their payments in Bitcoin and Monero, according to a Chainalysis report. The Crypto Crime Report examines the prevalence of illegal activities in the...
Ransomware Payments in 2020 Were Nearly Double Initial Chainalysis Estimates
Chainalysis updated its estimate of 2020 ransomware payments from $350 million to $692 million, with an initial estimate of $602 million for 2021. In its latest report, Chainalysis noted that it updat...
Ransomware crypto payments hit at least $602M last year: Chainalysis
A new report estimates that ransomware payments tallied at least $602 million in 2021 — but the actual total could be much higher. Blockchain analysis firm Chainalysis released new data on Feb. 10 ab...
Ransomware Payments in Bitcoin and Other Crypto Hit at Least $600M in 2021: Chainalysis
In brief For now, Chainalysis estimates $602 million in ransomware payments from 2021—less than for 2020. But it expects the final number to rise substantially. Chainalysis—a blockchain data firm—has ...
Crypto payments coming to the iPhone near you
Crypto payments could be elevated to the next level, judging by the revelation made by popular smartphone manufacturer Apple Inc yesterday. According to the iPhone creator, adding a new Tap to Pay fea...
Twitter Invests in Bitcoin Payments Processor OpenNode
The bitcoin payment processor OpenNode just announced the close of a $20 million Series A funding round led by Twitter, UK-based Kingsway, venture investor Tim Draper, and Avon Ventures. The company n...
Japan’s Leading Mobile Messenger LINE All Set To Test Crypto Payments
Japanese messaging app LINE is expanding its crypto services. LINE Pay, the fintech arm and operator of the digital wallet of the messaging company, announced that it will allow users of the payment s...
Apple Could Enable Crypto Payments to iPhones via ‘Tap To Pay’ Function
Technology giant Apple is introducing a new contactless payment function to iPhones that could result in direct Bitcoin (BTC) or crypto payments. Today, Apple announced the new Tap To Pay function on ...
Apple To Create New Feature That Integrates Crypto Payments
The US-headquartered multinational technology company, Apple, is set to allow users of its Apple Pay platform to transact with cryptocurrencies. This will arrive with “Tap-to-pay,” a new feature that ...
Bitcoin Payments Firm OpenNode Closes $20M Series A
In brief OpenNode utilizes the Lightning Network. The Series A included investments from Twitter and Tim Draper. OpenNode, a Bitcoin payments provider utilizing the Lightning Network, has just finishe...
Apple’s New Feature to Let Merchants Accept Payments in Crypto
The upcoming ‘Tap to Pay’ feature on Apple’s iPhone will offer contactless payment functions to millions of US merchants, both big and small, to accept all types of payments. These include Apple Pay, ...
Apple will add crypto payments feature for merchants
TL; DR Breakdown Apple to add new Tap to Pay feature to its devices The feature will not support crypto payments The feature will be available by the end of the year Over the years, crypto has continu...
Is the Payments Industry Really Ready For Bitcoin?
“[A] peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution,” that’s how the pseudonymous...
Cash App enables payments with Lightning Network
It’s official: Cash App has enabled Bitcoin payments with Lightning Network. What Cash App does Cash App is a mobile payments app, developed by Block, and formerly known as Square Cash. It has been ...
ISX Financial Sees Jump in Q4 Payments, 2021 Profits at €1.4M
ISX Financial EU Plc has released its unaudited financials for the fourth quarter of 2021, reporting a 6.8 percent increase in the full year’s receipts from customers. In absolute terms, this figure c...
January fintech VC roundup: Checkout.com’s $1 billion raise continues the payments spending spree
Quick Take In January 2022, fintechs raised $10.7 billion globally — this is a 45% increase from the same time period of the previous year. Fintechs have kicked off the start of the year with a bang...
New York Fed: The Future of Payments Isn’t Stablecoins (Or Is It?)
A recent report by the New York Federal Reserve has opined that stablecoins will not be an integral part of the future of payments — in the U.S. at least. The Feb 7 report penned by professor of econo...
CashApp Shocks The World, Enables Payments Through The Lightning Network
It’s official! CashApp integrated Lightning Network payments to most of their customers in the USA. This might prove to be monumental for the Bitcoin network. The rumor has been circulating for months...
Mitsubishi UFJ Trust to Issue Cryptocurrency for Trading Purposes and Payments
Yuri Molchan Mitsubishi UFJ giant plans to launch its own cryptocurrency – again, after trialing RippleNet Japan-based Mitsubishi UFJ Trust intends to integrate blockchain technology for settlin...
Fintech Firm EBANX Appoints Paula Bellizia to Lead Global Payments
Latin America’s leading payments platform, EBANX has recently named Paula Bellizia, former Vice President of Marketing for Latin America at Google, as the company’s new President of Global Payments. W...
US Lawmakers Introduce ‘Virtual Currency Tax Fairness Act’ to Boost Cryptocurrency Use for Payments – Regulation Bitcoin News
Several U.S. lawmakers have introduced the Virtual Currency Tax Fairness Act to strengthen “the legitimacy of cryptocurrency in our digital economy.” The bill also aims to expand the use of cryptocurr...
Hot Dog Restaurant Willy – Yums Says “Yes” to Crypto Payments
A hot dog restaurant called Willy – Yums in Bradenton, Florida has become the latest company to accept cryptocurrency as a method of payment. Willy – Yums Opens Its Heart to Crypto Willy – Yums opened...