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Austrian Bank To Introduce New ATMs Featuring NFC and QR Code Integration

JP Buntinx December 2, 2016 Finance, News, Technology
TheMerkle_Bank ATM QR NFC
Contactless payment technology, as well as QR codes, are slowly gaining traction within the financial sector–so much so that even Raiffeisen Bank in Austria is re-fitting their existing ATM …
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Russian Central Bank Loses US$31m In Cyber Heist

JP Buntinx December 2, 2016 Finance, News
TheMekrle_Russian Central Bank Cyber Heist
The Russian Central Bank had some sad news to report, as they have been the victim of a cyber heist. To be more precise, a total of over 2 …
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The Venezuelan Bolivar Tanks 24% of its Value in One Day

Eduardo Gómez December 1, 2016 Coins, Crypto, Finance, News
Dictatorship, devaluation, hyperinflation, drama. Those are just a few words to label what’s going on in Venezuela. The country, formerly described as a “socialist paradise” by the leftists in …
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Judge Approves IRS Tax Information Request to Coinbase

Eduardo Gómez December 1, 2016 Coins, Crypto, Finance, News
On November 20, the American IRS (Internal Revenue Service) submitted a request to Bitcoin startup, Coinbase. The document demanded detailed financial and personal information on all of the platform’s users. …
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Regulatory Pressure Forced BitLendingClub Out of Business

Eduardo Gómez December 1, 2016 Finance
TheMerkle_ Data Breach LoanBase
The somewhat popular P2P bitcoin loan service BitLendingClub has been forced to close up shop due to alleged “regularity pressures”. The platform will remain in a state of limited …
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Over Nine In Ten Millennials Do Not Trust Banks To Handle Their Money

JP Buntinx December 1, 2016 Finance, News
TheMerkle-Millennials No Trust Bank
Trusting financial institutions is becoming increasingly difficult every single day. Banks are not that great with protecting consumer data, and access to one’s own money seems limited at times. …
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Spanish Government Wants To Curb Cash Usage To 1,000 Euros Per Transactions

JP Buntinx December 1, 2016 Finance, News
TheMerkle_Spain Limiting Cash usage
It is quite apparent that the financial situation in Spain is evolving in the wrong direction. As of right now, there is a”ceiling” of 2,500 Euros per cash transaction. …
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Litecoin Core Developer Begs For Donations To Keep Forum Up And Running

JP Buntinx December 1, 2016 Crypto, News
TheMerkle_Litecoin Forum Donation Beging
Cryptocurrency enthusiasts will remember Litecoin, the first “major altcoin” to imitate Bitcoin’s success. (Or that was the idea when this currency was created, even though things have turned out …
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Fintech Incubator Digital Financial Services Lab Rains Money On To-be Unicorns

JP Buntinx December 1, 2016 Finance, News
TheMerkle_DFS lab Money Shower
Fintech incubators are invaluable tools for putting developing regions on the world map. Digital Financial Services Lab, which is backed by the Bill and Melinda Gates Foundation, has been …
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