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Bitcoin Falls After Crypto Heist

REUTERS/Danny Moloshok Tether, the company behind a cryptocurrency pegged to the US dollar, said $31 million stolen from its main wallet on Sunday. Heist appears to have shaken markets, with bitcoin, ethereum, and bitcoin cash all falling. ET): Ethereum, the second biggest cryptocurrency by market capitalization, is down by 1.5% against the dollar at the same time: Meanwhile, bitcoin cash, the third largest cryptocurrency by market capitalization, is down over 5%: Learn more: Credit Card...

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Bitcoin Tops $7,000

LONDON – Bitcoin's rapid rise continues, with the cryptocurrency shooting past $7,000 per coin on Thursday morning. ET), the digital currency is up 3.8% against the dollar to $7,003.74: Bitcoin has been on a tear over the last week, posting record highs on consecutive days. Markets Insider Learn more: Credit Card Industry and Market Mobile Payment Technologies Mobile Payments Industry Mobile Payment Market, Trends and Adoption Credit Card Processing Industry List of Credit Card Processing...

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Amazon to Offer New Credit Card Option for Small Businesses

According to Bloomberg, Amazon is in talks with JPMorgan to offer a new type of credit card for small business owners. The cards would give rewards points on purchases, and give business insurance plans to owners in the near future. This will be Amazon's first reported foray into a credit card suited to the needs of small businesses. The online giant recently stated that half of the inventory sold on its site was provided by boutique retailers. Its Fulfillment by Amazon program also provides...

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Deutsche Bank CEO: Tech Will Replace Jobs

Reuters/Ralph Orlowski John Cryan, the chief executive of Deutsche Bank has warned that a "big number" of staff at the company will ultimately be replaced by robots and other forms of technology as the firm embraces a "revolutionary spirit" going forwards. "In our banks we have people behaving like robots doing mechanical things, tomorrow we’re going to have robots behaving like people," he said, according to a report from the Financial Times. Learn more: Credit Card Industry and Market...

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Bitcoin Hits Another Record High

Thomson Reuters Bitcoin posts new high of $11,829 in early trade in London on Tuesday morning. "The value of this new asset class is a function of the breadth of its acceptance as a store of wealth and as a means of payment," analyst Nikolaos Panigirtzoglou and his team said in the note. Learn more: Credit Card Industry and Market Mobile Payment Technologies Mobile Payments Industry Mobile Payment Market, Trends and Adoption Credit Card Processing Industry List of Credit Card Processing...

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Uber to Release Personal Visa Credit Card

Uber is set to release its own rewards earning, no-fees credit card, backed by Barclays bank. According to the ride-sharing service, the card is a way for the company to double down one of its more highly successful sub-businesses: UberEats, which is on track to earn over $3 billion in revenue this year. The Uber credit card will reportedly allow users to charge Uber rides to it, giving 2% cash back. It will also give 4% cashback on restaurants, takeout, and bars, 1% on typical purchases and 3%...

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Bitcoin Tops $14,000 and $15,000 In The Same Day

Bitcoin rises above $15,000 for the first time. The incredible rise means the total value of the entire cryptocurrency market has now passed $400 billion, according to CoinMarketCap.com. Learn more: Credit Card Industry and Market Mobile Payment Technologies Mobile Payments Industry Mobile Payment Market, Trends and Adoption Credit Card Processing Industry List of Credit Card Processing Companies List of Credit Card Processing Networks List of Payment Gateway Providers M-Commerce: Mobile...

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Bitcoin Hits Record High

Bitcoin rises above $6,500 for the first time on Wednesday morning. Mati Greenspan, an analyst with trading platform eToro, said on Wednesday: "Not only is this a monumental testament to the belief in bitcoin and the demand in the market but it will also boost the liquidity by opening the market to many more interested players." Learn more: Credit Card Industry and Market Mobile Payment Technologies Mobile Payments Industry Mobile Payment Market, Trends and Adoption Credit Card Processing...

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Bank of America launching new travel rewards credit card to crush competition

According to the Wall Street Journal, Bank of America's new Premium Rewards card will launch in September. They're hoping to snag the attention of "young, affluent credit cardholders," that may have flocked to JPMorgan Chase after it unveiled its popular Sapphire Reserve card, last August. The perks of Bank of America's new Premium Rewards card include a $100 travel credit, lower annual fees, bonuses and a minimum-spending threshold. Business Insider also reports that unlike other programs,...

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Here's What to Expect from Uber's New Credit Card

Uber has announced the release of their new rewards credit card. Their credit card is offering amazing rewards deals such as 4% cash back on dining and 4 points per dollar, 3 points per dollar for travel expenses, 2 points per dollar for online purchases, and 1 point per dollar for all other spending. If you sign up for the credit card that lunched November 2nd, you will receive 10,000 bonus points if you spend $500 within the first 90...

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