Unredacted Adult FriendFinder hacked Data is on offer for 70 Bitcoin, a 1959 IBM Model 1401 mainframe can mine bitcoin, and more top stories for May 26. Adult FriendFinder hacked, sensitive data on offer for 70 BTC A hacker going by the username of ROR[RG] has revealed to be in possession of confidential data from Adult FriendFinder, a dating site that helps users find partners who meet their sexual fetishes. The data is up for sale at the price of 70 bitcoins. Given that the information on the site is extremely personal in nature, many of its users have reasons …

If bitcoin acceptance reaches a critical mass where necessities of food, shelter, and clothing can be bought with it, it will likely have reached a tipping point where it displaces national currencies. In this scenario, many areas of the world would be leapfrogging banking infrastructure and traditional money wire transfers. Most notably this would describe the financial landscape in developing economies such as the nations of Africa. Bitcoin Leapfrogging Banks Leapfrogging is described as a theory of economic development, which skips inferior or obsolete technologies in order to move directly to advanced ones. Take, for example, phone coverage in African …

Note: The following piece was submitted as part of Cointelegraph’s Tell us your bank horror story article contest presented to you by Shapeshift.io—the fastest way to swap cryptocurrencies. Only the best articles will be published in no particular order in the run up to December 15. On this date, Cointelegraph will conduct a public poll to determine which story resonates most with our audience. Good luck and happy reading! *** I have always enjoyed trying to stay current with our emerging information revolution. My wife may think my 1984 Osborne 1 chilling in the garage is a piece of junk. …

Note: The following piece was submitted as part of Cointelegraph’s Tell us your bank horror story article contest presented to you by Shapeshift.io—the fastest way to swap cryptocurrencies. Only the best articles will be published in no particular order in the run up to December 15. On this date, Cointelegraph will conduct a public poll to determine which story resonates most with our audience. Good luck and happy reading! I was waiting in line for the second time that afternoon at my local U.S. Bank surveying the scene unfolding around me on that banking anti-holiday known as "payday". Visibly flustered …

Santander Group, the largest bank in the Eurozone by market value, commissioned 'insight network' and consultancy firm Yegii to conduct a study to "analyze the impact of bitcoin and other cryptocurrencies on banks and devise a strategic course of action," reported HashReport. Yegii is based in Massachusetts and was founded in early 2014 by MIT Sloan School of Management senior lecturer and managing director at Tautec Consulting, Trond Undheim. Yegii is a consulting agency and an 'open innovation platform' which tackles technologic, political and business model-related issues. Its goal is to consolidate information from all sides of socioeconomics in order …

Americans can now make instant deposits to Ripple from several US banks, according to a post published in the company's blog. Instant Deposits from US Banks This announcement was made on August 22, and indicated a recent partnership between SnapSwap and Knox Payments. SnapSwap Inc. is a Washington-based startup that develops gateway services for Ripple in the US and Europe. The company was founded in May 2012 by banker and entrepreneur Denis Kiselev, and co-founder and CTO Natalia Pavlova. Knox Payments is a service that allows merchants to accept payments from their customer's bank accounts through ACH (Automated Clearing House) …

One of the most oft talked about advantages of Bitcoin is that is can be sent to anyone in the world for an extremely low fee. This had huge advantages not only for international businesses, but for immigrant workers looking to send some of their earning back to their families. Low cost no more Banks and money transfer services like Western Union currently fill that space. But, with increased regulation after the HSBC drug lord money laundering scandal, some banks in the United States are dropping their low cost remittance transfer services. According to the New York Times, Bank of …

Circle, a Bitcoin currency services provider, has launched a suite of consumer financial services that the company hopes will encourage average people to use the crypto-currency for everyday transactions. Circle was founded in 2013 by internet entrepreneurs Jeremy Allaire and Sean Neville. The company is backed by leading venture capital investors Jim Breyer, Accel Partners, General Catalyst Partners and Oak Investment Partners, who helped raise $26 million in series B financing for Circle. The goal behind the founding of the company was to address "the terrifying complexity and risk" many people associate with crypto-currency, as stated on their website. The …