Banks are dangerously complacent about bitcoin – newsR

The financial services industry is dangerously complacent in its approach to digital money. Some of the major banks almost look like they fear technological change that promises greater transparency, efficiency and security at a lower cost.

Too many industry players and regulators have spent more time shutting down innovations than driving them. Barclays, Chase, Westpac and the Bank of Ireland are among the many global banks to have refused business or closed the accounts of cryptocurrency pioneers, when they should have been learning from them.

Source: Banks are dangerously complacent about bitcoin – newsR

Indian Banks & Big Industry Targeted in Ransomware Racket Demanding Bitcoin – CCN: Financial Bitcoin & Cryptocurrency News

Three banks and a pharmaceutical company in India have been revealed as targets of a ransomware scheme that saw a ransom demand in bitcoin. In what is now the first known instance of an online extortionist demanding ransom in bitcoins from Indian ta…

Source: Indian Banks & Big Industry Targeted in Ransomware Racket Demanding Bitcoin – CCN: Financial Bitcoin & Cryptocurrency News