Bitcoin Just Surged Past The $2,000 Dollar Barrier

Earlier this year, bitcoin backers were celebrating because the crypto currency burst through the psychologically important $1,000 dollar mark. What must they be thinking now?

Bitcoin stormed past the $2,000 mark this week on news that the Japanese and Chinese governments are making plans for the long-term integration of digital currencies into their banking systems, and because of the significantly enhanced reputation of digital currencies as a whole. Read more

5 Steps You Can Take At Work Or At Home To Avoid Being Hacked

1. Beware Phishing Scams – Don’t Open Attachments Without Thoroughly Vetting The Sender;

Phishing scams; emails that purport to be from a known and trusted source but are actually sent by hackers trying to persuade you to open an attachment, are commonplace today.

Email is a favoured means of attack for hackers because it is so universal, and we tend to open emails and attachments without thinking twice. In the past year, phishing scams have sent highly convincing fake Apple iTunes purchase statements and HMRC notifications, and then there are emails from friends’ accounts which have been hacked, inviting you to open attachments which contain viruses. Read more

The Shadow Bankers, WannaCry & SWIFT; Could Hackers Upset The Money Transfer Market?

Last week, as we all know by now, the world was rocked by one of the largest ‘hacks’ in history. Known as WannaCry, the ransomware was released by a hacking group known as the Shadow Brokers.

The hack came to the world’s attention when up to 36 hospitals in the UK were locked out of their computer systems, with a ransom demanded – to be paid in bitcoins – or, the virus warned, the data, which included patient records, would be wiped altogether. Read more

Samsung Pay Is (Finally) Available In The UK

It may have been a long time coming, given that Apple Pay has been available for more than two years, and Android Pay for more than 1 year, but Samsung Pay has finally arrived in the UK.

Samsung have been experimenting with different ways to convince its users that it is more than just a mobile device provider, in order to generate additional revenue streams, and Samsung Pay could be the solution. Read more

The Truth About Credit Cards! We Pay $163 Billion In Fees Every Year!

They may be marketed as convenient, flash, and “rewarding”, but in reality, the credit card trap is one you don’t want to fall into unless you can pay back everything you owe, every month, on time, and without bringing other accounts overdrawn. Which of us, hand on heart, can promise this, especially when there are temptations everywhere, from fashion to food, travel, gadgets, and a million and one subscription based services? Read more

US Might Tax Growing Caribbean & Latin American Remittance Market To Build Mexican Wall

In what seems a bizarre, unprecedented and surely unpopular move, Alabama congressman Mike Rogers announced on April 21st the introduction of a bill that will impose a 2% fee on all remittances made from the US to Latin American and Caribbean countries, in order to pay for the Mexico / US border wall promised by President Donald Trump.

The Border Wall Funding Act, or HR 1813, to give it its official title, has now been referred to the Subcommittee on Crime, Terrorism, and Homeland Security. Read more

London & Hong Kong Financial Bodies Join Forces To Support Global Fintech Innovation

The UK’s Financial Conduct Authority (FCA) and its Hong Kong equivalent, the Securities and Futures Commission (SFC) have signed a co-operation agreement that will promote information sharing between the two regions, and introduce a referral system that will make it easier for approved, UK based fintech startups to set up operations in Hong Kong, and vice versa. Read more