The Currency Scene:
News, Events, and Stories about currency from around the world.

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4 Reasons Why People Would Favor Bitcoin Over Cash

Some people don’t see the point in using bitcoin, especially not when cash is readily available. While it is true cash transactions allow consumers to remain somewhat anonymous, it isn’t a perfect financial tool by any means There are quite a few reasons why people would use bitcoin rather than cash, although some of these “practices” may be considered controversial.

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How Fraud Victims 'Punish' Their Banks

Would you leave a bank after an unauthorized charge on a credit card or a strange debit from an account? It's a question for financial institutions evaluating the impact of a security breach.

A new study by Carnegie Mellon University researchers suggests that some customers will, in fact, leave even if they receive quick refunds of losses due to fraud. The study is one of only a few correlating the impact of a fraud incident on customer loyalty.

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Top 3 Bitcoin Taxation Calculation Tools

The bitcoin taxation season is almost upon us, which highlights a very important problem. Most people are unaware of how they should incorporate bitcoin into their tax assessment. Thankfully, there are quite a few tools available which will help users take care of these problems with relative ease. It is important to keep in mind very few countries require bitcoin users to take cryptocurrency earnings into account right now.

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Why does money transferred online take days to turn up?

In the age of the instant everything, why does the money I transfer electronically disappear from my account immediately, but take up to five business days to reach its destination?

I can’t help but imagine a giant multinational conglomerate conspiracy as I watch my funds fly off into the abyss of nothingness for days before my debts are settled at the other end. Where did they go? And importantly, who is earning interest off of them while they’re unavailable?

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