Category: Economics

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The future of payment systems

For many years, business owners in Europe have been facing the burden of TARGET2. TARGET2 replaced TARGET (Trans-European Automated Real-time Gross Settlement Express Transfer System) in November 2007.

Cryptocurrency insurance examined

Bitcurex faced a hacking attack on Friday morning, forcing the Polish Bitcoin exchange to (temporarily) go offline. Reportedly, the attack was blocked but some funds were still stolen. This is yet another example of counterparty risk faced by investors in digital currencies. Some services have responded by starting …