A financial transaction is an agreement, communication, or movement carried out between a buyer and a seller to exchange an asset for payment. It involves a change in the status of the finances of two or more businesses or individuals. The buyer and seller are separate entities or objects, often involving the exchange of items of value, such as information, goods, services, and money. It is still a transaction if you exchange the goods at one time, and the money at another.
All stories in Financial transaction
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How banks use AI to catch criminals and detect bias
Imagine an algorithm that reviews thousands of financial transactions every second and flags the fraudulent ones. This is ...
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5 tech trends that will redefine finance in the next 5 years
As one of the most ancient tenets of human societies, money and finance have been constantly evolving with advances in technology ...
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The EU catches just 1% of laundered cash — ABN AMRO wants to change that
At TNW2020, ABN AMRO's Ivich Hoffman likened her bank's method of detecting laundered cash to making the perfect cocktail. ...
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Wirecard left a $30B hole in European fintech — can Dutch startups fill the gap?
Three months have passed since Wirecard’s implosion, so investors might be wondering: Who will replace Wirecard, and how ...
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5 ways AI is revolutionizing the world of finance
There are plenty of reasons to believe artificial intelligence will spur the next revolution in the way we handle wealth ...
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How machine learning finds anomalies to catch financial cybercriminals
In the last few months, millions of dollars have been stolen from unemployment systems during this time of immense pressure ...
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Podcast: How banks detect money laundering
Almost nine months ago, we published episode one of the first-ever TNW podcast, Forensic Finance. This podcast, created along ...
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Will M&A ever go back to normal? Experts from EY and Goldman Sachs weigh in
With the short-and-long term future being up in the air, one question on everybody's mind: will M&A ever go back to normal? ...
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Bitcoin whale moves ball busting $1.1B for just $83
A cryptocurrency whale has moved a mind-boggling $1.1 billion worth of Bitcoin for just $83 — and that's a massive finger ...
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Please blockchain, prove me wrong and get your shit together in 2020
Blockchain's potential to change the world we live in has been lauded many times, but can will we see real adoption in 2020? ...
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Bitcoin's failing price could be caused by $2B Chinese Ponzi scheme dumping its crypto
Cryptocurrency researchers have posited that market dumps from a major Ponzi scheme is keeping the price of Bitcoin down. ...
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24 Chinese nationals arrested in Thailand over alleged Bitcoin call center scam
Authorities have busted a call center in Thailand and arrested 24 Chinese nationals for allegedly running a Bitcoin investment ...
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HSBC will reportedly use blockchain to move $20B in digital assets
Global bank HSBC is planning to track $20 billion worth of digital assets on a blockchain-based custody platform by March ...
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Bitcoin whale moves $310 million cryptocurrency fortune — for just $0.32
A Bitcoin whale recently moved 44,000 BTC - a stack worth over $310 million - for a tiny transaction fee of 32 cents. Sucked ...
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Moonday Mornings: New York condo sells for $15M in Bitcoin
Welcome to another Moonday Mornings, Hard Fork's wrap-up of the weekend's cryptocurrency and blockchain headlines. Take a ...
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Bitcoin Cash’s Q3 performance was horrid — here’s what happened
Bitcoin Cash's trading price did not have a great third quarter this year. Coming off the back of a sound second quarter ...
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Bitcoin's cumulative transaction fees surpass $1B milestone
It was going to happen sooner or later, but over the past few days cumulative Bitcoin transaction fees have surpassed the ...
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Report: Blockchain app transaction volume down nearly 40%
According to Dapp.com, blockchain app usage is way down quarter-on-quarter, with gambling cryptocurrency still the primary ...
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Deloitte is testing Bitcoin in its canteen — but staff could get pretty hangry
Deloitte is testing Bitcoin's usefulness through its canteen, but one has to wonder: how long will staff have to wait before ...
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Former pro ice hockey player detained for $700,000 Bitcoin fraud
A former professional ice hockey player from Russia has been detained in Moscow for swindling $700,000 from a victim expecting ...
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Silly scammers attempt Bitcoin ATM fraud with homemade ‘out-of-order’ signs
Cryptocurrency scammers in Canada are trying their luck with what seems to be the stupidest Bitcoin ATM con ever thought ...
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Bitfinex denies role in spooky transfer of $1.37 million in stolen Bitcoin
A bunch of Bitcoin tied to 2016's epic Bitfinex hack had been moved, but Bitfinex says it had nothing to do with it. So who ...
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Cryptocurrency scammers have netted $4.26B so far this year, report
Cryptocurrency scammers continued to swindle funds throughout Q2 2019, netting approximately $4.26 billion so far this year. ...
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Ugh, this is what Bitcoin’s hash rate means and why it matters
Bitcoin's hash rate has been reaching all time highs this year. But what is it? What does it mean? And why is it a measurement ...
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Bitcoin whale moves $468 million crypto-fortune for less than $400
Bitcoin whales are shifting fortunes for tiny fees relative to the traditional finance sector, and this one moved almost ...
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Binance suddenly finding $775,000 in XLM is totally not a publicity stunt
Cryptocurrency exchange Binance says it didn't know it was sitting on almost ten million XLM tokens, which it will now hand ...
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Shitposters are using sophisticated Bitcoin satellites to troll each other
Blockstream maintains a set of five satellites to help curtail Bitcoin's reliance on the internet, but shitposters are taking ...
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Congressional report: Bitcoin adoption 'miniscule' compared to traditional finance
Distributed ledger systems that underpin cryptocurrencies aren't capable of processing the number of transactions required ...
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German watchdog accuses CoinBene of unlicensed cryptocurrency trading
Cryptocurrency trading platform CoinBene has been put under the microscope again following an announcement from one of Germany's ...
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This website turns Bitcoin blockchain activity into ASMR
Cryptocurrency trading got you down? Looking for something to give your Bitcoin meditation sessions the edge? Try BitListener ...
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Bitcoin Pizza Day: How a hungry Florida man made cryptocurrency history
Nine years ago today, the first ever Bitcoin transaction for a consumer product took place after a Florida man spent 10,000 ...
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Google tracks nearly all your online (and some of your offline) purchases -- see it for yourself, here
For years Google has been keeping track of nearly every online purchase we’ve made. A CNBC report today reveals that, thanks ...
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Only 2% of Japan’s 340,000 money laundering cases involve cryptocurrency
Japan's efforts to regulate the cryptocurrency industry might have come a little later than needed, as the country has seen ...
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Here's why Binance can't erase the $40M hack from Bitcoin's blockchain
Binance CEO Changpeng Zhao briefly mulled 're-organizing' Bitcoin to exact revenge on the hackers that stole 7,000 BTC from ...
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Bitcoin miners earn $305M in April as transaction fees jump 250%
Recently-positive action for Bitcoin led miners to enjoy increased revenue last month, but more Bitcoin usage still makes ...
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Bitcoin has nearly 100,000 nodes, but over 50% run vulnerable code
The number of nodes on the Bitcoin network hovers around 100,000 - which is great for decentralization - but many remain ...
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Bitcoin whale moved $212 million in cryptocurrency — for just $3.93
A Bitcoin whale moved hundreds of millions of dollars worth of cryptocurrency for a few bucks, and it didn't need permission ...
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NY Attorney General goes after Tether and Bitfinex for $850M cover-up
The New York State Attorney General (NYSAG) is reportedly building a case to sue cryptocurrency exchange, Bitfinex, and stablecoin, ...
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Here’s how Bitcoin performed in Q1 2019
Bitcoin had a varied first quarter in 2019, it went up, it went down. But thankfully, it closed the quarter slightly up on ...
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Cryptocurrency market report confirms gamblers drive blockchain adoption
Ethereum is still the number one choice for developers looking to build decentralized apps, according to a recent blockchain ...
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Bitcoin hits massive milestone with its 400,000,000th transaction
Bitcoin's blockchain has processed 400 million cryptocurrency transactions in just over 10 years - without permission from ...
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Opera releases its browser with built-in cryptocurrency wallet to everyone
Opera’s long-awaited web-browser, Reborn 3, which features an integrated cryptocurrency wallet is officially launching ...
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EOS and TRON's most used dapps are either gambling or 'high risk'
The most recent dapp statistics show cryptocurrency gamblng apps are all the rage on Ethereum's rival blockchains EOS and ...
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Weiss Ratings: EOS is the best cryptocurrency, then Ripple, and THEN Bitcoin
Weiss Ratings' latest report placed alternative cryptocurrencies EOS and Ripple alongside Bitcoin as the top three, snubbing ...
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Blackmailers are posing as CIA agents to steal your Bitcoin
The Bitcoin sextortion scam has evolved: cryptocurrency fraudsters are now pretending to be the CIA in bid to fool you into ...
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One year after massive takedowns, dark web marketplaces are thriving
The past year has been one of the most tumultuous for the dark web, as massive law enforcement efforts have untangled and ...
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4 years after adopting Bitcoin, this business is still waiting for someone to use it
Seymour Locksmiths started accepting Bitcoin and other cryptocurrency in September 2014, but over four years later, none ...
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The pros, cons, and taboo nature of enforcing smaller Bitcoin blocks
Bitcoin Core developer Luke Dashjr has a suggestion: decrease the size limit of Bitcoin's blocks to make it easier for new ...
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Ballsy mobile devs can now monetize their games with cryptocurrency
Mobile games made with the Unity engine can now support earning, spending, and tipping cryptocurrency thanks to a new SDK. ...
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Moonday Mornings: Dark Web Bitcoin transactions doubled in 2018
Today is Monday, January 21, which means two things. One, it's time for another Moonday Mornings; and two, it's the most ...
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Facebook docs reveal a predatory policy for dealing with kids' accidental purchases [Update]
A federal judge this week ruled Facebook must make public internal documents that reveal the rather unsavory ways the company ...
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Ryuk ransomware earns hackers $3.7M in Bitcoin over 5 months
A squad of cybersecurity firms have tracked a ransomware threat known as Ryuk, which has collected over 705 BTC in just ...
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Bitcoin Cash has failed to make use of its 8MB block size, analysts say
Over the past 500 days, Bitcoin blocks have been 30 times bigger than BCH blocks, on average, so was the 8MB block size increase ...
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HSBC leans on blockchain tech to process $250b worth of fx transactions
Global bank HSBC has processed more than 3 million foreign exchange (fx) transactions using blockchain technology.
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Cryptocurrency analysts predict the end of the Bitcoin bear market
Cryptocurrency analysts have used the cumulative age of Bitcoin transactions to determine exactly what point BTC holders ...
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Square launches SDK to help mobile developers take in-app payments
Square wants to make it easier for mobile devs to deal with payments
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MasterCard wants to make electronic payments anonymous… with blockchain
According to a recent patent application, the payment infrastructure provider, MasterCard, wants to anonymize "electronic ...
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This AI can predict Telegram pump-and-dump schemes with 80% accuracy
Spotting a pump-and-dump is tough work, but academics from Imperial College London have devised used machine learning, to ...
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US government building tools to deanonymize anonymous cryptocurrencies
If you thought you were safe using privacy coins like Zcash and Monero, think again, the US government is developing forensic ...
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Japanese authorities form pact to hunt cryptocurrency tax evaders
The Japanese government is developing a system to catch those who are not paying the appropriate taxes on the profits made ...
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We’re living in digital serfdom — trading privacy for convenience
Think for a second: compared to your grandparents and parents, what do you actually own outright? Why own when you can ...
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Google and Mastercard are secretly tracking your offline purchases
Google has quietly been providing select advertisers a "stockpile" of offline credit card transaction data. After a four ...
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Line launches its own cryptocurrency and blockchain network
The Tokyo-based messaging titan has now launched its own cryptocurrency called 'LINK' alongside a blockchain network called ...
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Samsung's new tech further blurs the line between banks and blockchain
Samsung SDS has created a blockchain-powered signature system for banks that lets users verify their identity just once every ...
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PSA: Major EOS bug makes it possible to steal valuable resources directly from users
EOS has another major vulnerability: this one allows for valuable network resources to be effectively stolen from user accounts ...
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Thailand’s central bank will issue its own digital currency — but there’s a catch
The central bank of Thailand has revealed details of its new digital currency, developed using ledger technology built by ...
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Blockchain can’t fix everything, consulting giant BCG reports
A new report has issued a sobering call: be aware that blockchain technology is not suitable for every industry, especially ...
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John McAfee’s 'unhackable' cryptocurrency wallet has been hacked (again)
A team of security researchers has a solid claim to $10,000, after meeting the three requirements of Bitfi's second bug bounty ...
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Coinbase is giving USers immediate deposits and higher cryptocurrency trading limits
A new Coinbase update will allow US users to purchase and trade $25,000 worth of cryptocurrency every day - seven times the ...
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Analysts: Bitcoin isn't replacing fiat currency anytime soon
For the past few years, through boom and bust, hype cycles and FUD (and just about anything in between), we've heard that ...
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Facebook recently started asking banks for your financial data
A report from the Wall Street Journal today revealed Facebook was attempting to gain detailed financial information from ...
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Monero wallet vulnerability made it possible to steal XMR from exchanges
Monero, the cryptocurrency often praised for its privacy functions, was full of vulnerabilities - one allowing hackers to ...
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Investment fund CEOs: XRP is digital fiat, not real cryptocurrency
CEOs of digital asset investment firms are really giving it to Ripple’s native cryptocurrency, XRP - claiming it's really ...
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The $24 billion chatbot industry sucks because it needs better AI
In 2014, WIRED would profile a “boring” company called Slack beginning a media and venture-based obsession with bringing ...
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Here’s why Bitcoin’s blockchain has blocks that go over the 1MB limit
Blocks have been mining on Bitcoin's blockchain that are over 2MB, despite having a limit of 1MB. Here's why this happens. ...
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Opera is expanding its suite of cryptocurrency tools with a built-in wallet
Opera is preparing to give Android users a built-in Crypto Wallet, the latest in its suite of tools for cryptocurrencies. ...
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This exchange lets you make fiat and crypto investments in seconds
Cryptology.com is a next-generation cryptocurrency exchange that makes fiat and cryptocurrency trading easy and secure. Its ...
