The Currency Scene
The Big Debate Over Opening Bank Accounts Online
- Written by: Deposit Accounts
- Category: Banking
Online banking continues to grow, but that’s not to say there aren’t obstacles keeping it from exploding. The banking industry is ramping up the noise about changing rules that make it difficult to open accounts remotely, and Congress has the topic on its agenda.
Bad Time to Be a US Bank
- Written by: CNN
- Category: Markets & Metals
U.S. bank stocks are getting dumped like it's 2011. Shares of Bank of America and Morgan Stanley plummeted by 13% apiece in the two days after the shocking Brexit vote. Even though banks and the broader markets are rallying on Tuesday, Goldman Sachs is still down 22% this year. That makes the elite investment bank the worst Dow stock in 2016.
First EMV Fraud on the Public: EMV Cards Are Secure!
- Written by: Matthew S Daye
- Category: Cards & Payments
The card industry has been battling the instance of payment card fraud ever since the first credit and debit cards were issued years ago. From the 1960's to around 2003 the magnetic stripe on the back of the card was the means by which card information was exchanged with the networks to effect a transaction. Over the years, criminals learned that the magnetic stripe was easily compromised and so the industry sought a more secure solution. Enter EMV (Europay, MasterCard and Visa, also known as chip and pin) technology. Is EMV the secure solution it is claimed to be? Don't bet your bank balance on it!
New Money/Old Money: A look back at the newest U.S. hundred dollar note
- Written by: Matthew S Daye
- Category: Currency
"New money" became a literal term as the U.S. Federal Reserve Bank released the latest revision of its venerable $100 note into the U.S. currency supply chain on October 8, 2013. Staying a few steps ahead of counterfeiting threats, this new bill was designed with improved security features, making it easier for banks and businesses to validate but more difficult for counterfeiters to fake and bamboozle. Not to worry, if you have any older hundreds, they are still good!
Ten Common Mistakes Crypto Investors Make
- Written by: Crypto Maniaks
- Category: Digital Currency
Do you like losing money? Of course you don't! Though this question may seem trivial at first, do you know that thousands of cryptocurrency investors lose money every day by making perfectly preventable mistakes? Check out our infographic on how you can avoid making any of the 10 most common mistakes when investing in digital currency.
Over $9 Million Is Stolen Each Year From Banks and Armored Cars!
- Written by: Matthew S Daye
- Category: Cash-In-Transit
In November 2013, the Prosperity Bank in El Campo, Texas was robbed. According to the local El Campo Leader-News, three suspects, had been placed on trial – and they have pleaded guilty. Score one for law enforcement. In other news, an armored car, carrying $4 million, was hijacked by robbers. The robbers apprently took the vehicle to a metalworking plant and cut it open to get to the money. This time they got away. Sound more familiar?
INFOGRAPHIC: Bitcoin Halving: Definitive Guide (In Just 5 Minutes)
- Written by: Abishai James, WinBTC
- Category: Digital Currency
Bitcoin halving is often referred as “Halvening”, it’s a formulated reduction in the reward coins offered to the miners using a predefined blockchain algorithm. Learn exactly what that means to the bitocoin community and how it may affect you.
