How Mastercard Is Trying to Put Cash Out of Business

Mastercard wants the world to stop paying with paper money–but that doesn’t necessarily mean paying with a plastic credit card. Today, cash is used in roughly 85% of payment transactions globally, according to Shamina Singh, executive vice president of sustainability at Mastercard. While swiping a card or scanning a mobile app are more popular payment […]

Bitcoin: A Hedge for Trump’s China Trade War?

Global uncertainty is good for Bitcoin investors, it seems. As trade talks between the United States and China broke down earlier this month, the price of Bitcoin soared higher than it has all year. Market watchers have speculated that the cryptocurrency, commonly referred to as “digital gold,” benefited from investors’ jitters in the equities and […]

After GDPR Struggle, Are Companies Ready for the Next EU Data Law?

Is your business prepared? A year ago, the European Union adopted the General Data Protection Regulation, or GDPR, a piece of legislation designed to force companies to protect people’s data. In just a few months, another data-related EU law is coming into effect: the Second Payment Services Directive, or PSD2. The new law, which becomes […]

Bitcoin Accounts for 95% of Cryptocurrency Crime, Says Analyst

Despite the proliferation of more than 2000 cryptocurrencies, including harder-to-track privacy coins, the overwhelming majority of criminals still prefer Bitcoin for illicit activity. “Bitcoin is by far the favorite,” Jonathan Levin, co-founder and COO of Chainalysis, tells Fortune on the latest episode of “Balancing the Ledger,” which you can view above. Chainalysis makes software that […]

Ethereum Cofounder Says Blockchain Presents ‘Governance Crisis’

Charles Hoskinson believes blockchains are ushering in a new era for both business and government administration, one defined by a peculiarly unprecedented quality: leaderless-ness. The cofounder of the Ethereum and Cardano blockchains, two of the world’s most popular cryptocurrency networks, dropped by Fortune’s Balancing The Ledger studio to voice his concerns about his peers venturing […]

Quadriga’s Bitcoins Would Have Been Safer in Bermuda, Country Leader Says

More than three months after the CEO of Canadian cryptocurrency exchange QuadrigaCX died, apparently taking the keys to $190 million worth of cryptocurrency holdings to his grave, authorities are still trying to recover the money and figure out what went wrong. Now, one government leader is speaking out, claiming that had Quadriga been based in […]

Circle CEO: Cryptocurrency Business Is Down But We’re Still Growing

Jeremy Allaire is frank about the impact of the cryptocurrency market downturn on his business. The chief executive of Circle, a Boston-based financial technology startup which bought a cryptocurrency exchange, Poloniex, for around $400 million last year, said the bear market has slackened investors’ activity on the online marketplace as well as the liveliness of […]

Ethereum Fork Could Help Restore Parity’s Frozen Cryptocurrency

Tens of millions of dollars worth of Ethereum frozen in 2017 may finally be recovered, thanks to a new upgrade in the cryptocurrency technology. Parity, a blockchain project building decentralized Internet tech, lost access to 500,000 Ethereum–now worth more than $62 million–when a hacker exploited a software bug that froze the funds. But last week’s […]

Abra CEO: Enterprise Blockchains Will ‘Fail Miserably’

Bill Barhydt is no fan of private blockchains. The chief executive of Abra, a Bitcoin-based app that lets people buy and sell currencies, virtual coins, and Nasdaq-listed stocks, expects corporate adaptions of the technology behind cryptocurrency to amount to little, if anything. As one of the earliest employees at Netscape, a dot-com era poster-child and […]