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Developments in AI and IMF Positions Can Make Bitcoin Legally Tender

Smart Data Collective

We have discussed some of the benefits of AI technology in mainstream financial sectors like banking. The IMF’s stance on Bitcoin is significant because it could help sway central banks and other financial institutions to recognize cryptocurrency as a legitimate form of money. IMF’s Stance for Bitcoin.

Banking 317
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Shocking Ways Big Data Changed the Nature of Business Lending

Smart Data Collective

This has proven important too, with the value of loans provided by big banks having declined by 3% overall between 2014 and 2019. Banks use data mining to learn everything possible about their customers, so they can deny loans more easily. While big data has made P2P lending possible, it has also made loans more competitive.

Big Data 299
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The Role of Blockchain in the Launch and Growth of Cryptocurrency

Smart Data Collective

Ripple was created in 2012 and reached a value of over $5,000 per coin by the end of 2014. Satoshi’s idea was directly intended to create a form of digital cash that wasn’t controlled by banks. In the wake of the 2008 financial crisis, Satoshi saw how reckless banks were with people’s money.

Banking 264
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Online Traders Need to Take the Threats of Data Breaches Seriously

Smart Data Collective

One such high-profile example of this type of attack comes from the 2016 hack of the Bangladesh Bank where hackers sent a fake payment instruction to the Federal Reserve Bank of New York, resulting in the transfer of a whopping $81 million to defrauding accounts.

Banking 274
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How Blockchain Advances Paved the Route for the Success of Dogecoin

Smart Data Collective

On December 25th, 2014 a Dogecoin wallet was hacked and $12,000 worth of Dogecoin was stolen. Most will use a bank transfer or eWallet transfer as their payment method. As a digital currency, it’s something that operates 24/7, unlike the banks that have limited trading hours. Place your order and consider storage options.

Banking 325
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Data Privacy in the Digital Age: A Right or a Luxury?

Smart Data Collective

Personal information is defined as any information that can be used to directly or indirectly identify a person, including names, email addresses, photographs, banking information, IP addresses, cookies, social media posts, etc. For instance, Facebook’s decision to buy WhatsApp in 2014 was based on data collected via the Onavo VPN.

Digital 267
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Guidelines on Trading Cryptocurrency Over the Blockchain

Smart Data Collective

However, you will probably be more inclined to trust blockchain if you know that it is used by some of the world’s largest banks like J.P. The Poland-based exchange has been around since 2014 and they have grown to become an authority in the cryptocurrency industry. Morgan and Goldman Sachs.

Digital 264