An anonymous reader quotes a report from Reuters: Bitcoin rose nearly 7% on Monday as risk assets rallied after last week’s bond rout cooled, with Citi saying the most popular cryptocurrency was at a “tipping point” and could become the preferred currency for international trade. With the recent embrace of the likes of Tesla and Mastercard, bitcoin could be at the…
Tag: mastercard
Mastercard To Open Up Network To Select Cryptocurrencies
Mastercard announced on Wednesday it was planning to offer support for some cryptocurrencies on its network this year. Reuters reports: Mastercard already offers customers cards that allow people to transact using their cryptocurrencies, although without going through its network. “Doing this work will create a lot more possibilities for shoppers and merchants, allowing them to transact in an entirely new form…
Bitcoin Surges 50% in Just One Month. CNN Ponders ‘Insane’ Record Run
The price of Bitcoin increased 50% — in the last four weeks. Now priced at $26,579, “Bitcoin is crashing — upward,” quips CNN Business: The digital currency has a market value north of $500 billion. Think Bitcoin is just a fad? It’s worth more than Visa or Mastercard. Or Walmart… Its rapid rise has been remarkable — or insane, depending on…
VISA Continues Pornhub Ban, To Allow Card Use On Some of Its Parent’s Sites
Visa said on Wednesday it would allow usage of its cards on Pornhub-owner MindGeek’s platforms that host professionally produced adult studio content, but would continue to decline processing payments coming from Pornhub itself. Reuters reports: Visa said its ban remains in effect for those websites that host user-generated content, the most popular being Pornhub, until an ongoing investigation was completed. “Following…
MasterCard, VISA To Stop Processing Payments On Pornhub
An anonymous reader quotes a report from Reuters: Mastercard Inc said on Thursday it was ending the use of its cards on Pornhub after its investigation confirmed the presence of unlawful content on the sex videos site. Pornhub said on Tuesday it had banned video downloads and was allowing only certain partner accounts to upload content after a New York Times…
Pornhub Might Lose Visa and Mastercard After NYT Exposé
An anonymous reader quotes a report from Gizmodo: Last week, New York Times columnist Nicholas Kristof detailed the easily-searchable horrors uploaded in plain view onto Pornhub, arguing that the site goes unpunished for profiting from child sex abuse material (CSAM), sexual assault, and nonconsensual pornography (sometimes called “revenge porn.”) Now, Visa and Mastercard claim that they’re reassessing their relationship with the…
Mastercard To Help Central Banks Test Their Own Digital Currencies
International payments provider Mastercard has launched a virtual testing environment to help central banks around the world test their Central Bank Digital Currencies (CBDCs), said an announcement today. From a report: “Today, Mastercard announced a proprietary virtual testing environment for central banks to evaluate CBDC use cases. The platform enables the simulation of issuance, distribution and exchange of CBDCs between banks,…
‘World’s Most Wanted Man’ Involveld In Bizarre Attempt To Buy Hacking Tools
An anonymous reader quotes a report from Motherboard: The fugitive executive of the embattled payment startup Wirecard was mentioned in a brazen and bizarre attempt to purchase hacking tools and surveillance technology from an Italian company in 2013, an investigation by Motherboard and the German weekly Der Spiegel found. Jan Marsalek, a 40-year-old Austrian who until recently was the chief operating…
Wirecard Says Missing $2.1 Billion Never Existed, Rips Up Earlier Accounts
Wirecard said on Monday that 1.9 billion euros ($2.1 billion) missing from its accounts was likely never there and it was looking at the sale or closure of parts of its business as it sought to avert a looming cash crunch. From a report: The former German stock market darling, which processes payments for companies including Visa and Mastercard, has seen…
Tim Sweeney: Android is a Fake Open System, and iOS is Worse
Epic Games CEO Tim Sweeney opened a game event in Las Vegas today with a call to make the industry more open and liberate it from the monopolistic practices of platform owners such as Google and Apple. From a report: In a talk about his vision for games in the next decade, Sweeney alternated between criticizing all of the big players…