Technology

Initial coin offerings seen causing bottleneck in the network; exchanges halt ethereum transactions.

Just as we call letters "snail mail," in the future people may consider bank transfers snail money.

U.S. banks face a tricky calculus in deciding whether to adopt expensive technology aimed at reducing online fraud.

Vinny Lingham, founder and CEO of Civic, discusses the froth in cryptocurrency markets, the mania for "initial coin offerings," the right way to do token sales, the future of digital identity and the banking system's security failings.

Portable digital identities could improve customer experience, cut costs and generate revenue for banks. But who’s on the hook when something goes wrong?

The move comes as more banks migrate to faster processing to support mobile payments and other digital transactions.

The exchange is adding Ethereum, Ripple, Litecoin, Dash, Monero, Zcash and dozens of other cryptocurrencies in exchange for U.S. dollars.

Payoneer believes British companies will seek opportunities outside of the EU, leading to international payments demand.

Black Friday and other holiday periods with high digital transaction volume may be subject to higher fees.

The plan places a greater burden on bank managers to stop money laundering, with board members overseeing companies caught breaching the law also facing punishment if they fail to intervene.