Bitcoin

Blockchain’s Role In Stopping Money Remittance Operations Scams

How Blockchain’s Unique Innovations Can Prevent Money Remittance Scams

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 It’s not uncommon to hear the stories of vulnerable people falling for online scams. You’ve also probably had an email telling you that you’ve won the lottery in another country when you’ve never applied. And, of course, there is the legendary Nigerian Prince scam. On the surface, these scams sound amateurish, but these operations are much more complex than you might think with large-scale cooperation. There were 2.2 million reports of fraud in the United States in 2020. The actual number is likely to be much higher, but some people are too embarrassed to admit scammers tricked them. Money remittance operations are particularly at risk because the differences between financial systems between countries leave space for malicious actors to manipulate.

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Bitcoin Trading

Is Bitcoin Headed For a Fall?

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These days, whether or not you’ve actually bought any, you’ve at least heard of bitcoin. The first “ cryptocurrency”, bitcoin was introduced in 2009 and enjoys far more notoriety than its counterparts Etherum, Litecoin, and Cardano et.al.
For the uninitiated, however, bitcoin is created, distributed, traded, and stored with the use of a decentralized ledger system, known as a blockchain. The currency has no physical manifestation; it simply exists as balances in a public ledger. If you’re considering investing in it, you’re probably wondering if bitcoin is headed for a fall. Well, let’s take a look.

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Blockchain

Blockchain Goes to Ethiopia

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When you think about blockchain you probably think about Bitcoin, e-commerce, and possibly Ethereum.  What you probably don’t think about is Africa, Schools, and Open Source Software.  But according to the World Economic Forum blockchain is making inroads in Ethiopia. Because the code for blockchain is “open source” it is available to the public domain and can be used for a variety of applications. Recently, the Ethiopian government signed a deal to create a national database of student and teacher IDs. This system will enable peer-to-peer interaction between network participants. This will provide IDs for 5 million students across 3,500 schools which will be used to store educational records. The premise is to allow primary, secondary, and university students a way to track their educational, career, and future progress via a digital identity built on Atala Prism which is a decentralized identity solution that enables people to own their personal data and interact with organizations seamlessly, privately, and securely. It is hoped that once they have a secure digital ID it will enable future “financial transactions”.

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Ripple Crypto

Ripple the Cryptocurrency of Banks

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More and more people are delving into the use of cryptocurrencies for more secure online transactions. Some even consider investing in these digital assets. One of the most talked-about cryptocurrencies that have emerged is Ripple, which is also known as a platform that paves the way for fast and inexpensive transactions. Ripple which trades under the symbol (XRP) is the token that is often used to transfer value across the international banking network. Here are some other things that you need to know about Ripple.

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BlockChain

4 Investments Making Waves in the Technology Sector

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Innovation in the technology market gives rise to important investment opportunities. It only makes sense that new, useful technology improves lives, and people want to ride the wave of profits that come from the demand for such tech innovations. However, with technology always changing, it can be difficult to know which technologies provide investors with an opportunity to reap huge returns on their investments. The following are four investment opportunities creating considerable waves in the technology sector.

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Bitcoin Outlawed

Bitcoin Trends

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Although Bitcoin has been around for about a decade now it wasn’t until recently, that it has become fashionable and common knowledge. This year we’ve published several articles about Bitcoin and cryptocurrencies in general. Including Bitcoin: The New Safe Haven?, Cryptocurrency: Is Bitcoin the Future of Money?, and  eCommerce Trends: What’s in Your eWallet? It seems like every time you turn around there is a new CryptoCurrency being created some of which have advantages over the original Bitcoin, some of which are just “Me Too” people trying to jump on the Bandwagon and others that are just outright scams. Today we will take another look at the Digital Currency Trend.

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