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Goldman Sachs seeks patent on virtual currency

Goldman Sachs is developing a virtual currency system that aims to revolutionize securities transactions, according to a US patent application filed by the Wall Street investment bank.

Ten more years of real money

We will still be using "real" money for at least the next 5 to 10 years, but financial transactions carried out using mobile electronic devices, such as smart phones and tablet computers, will increasingly become the norm ...

In the web's hidden darknet, criminal enterprise is thriving

Criminals have always done their best to use new technology to their advantage and the rapid development of new digital technologies and online markets has provided the criminal entrepreneur with as much opportunity for innovation ...

US Supreme Court tosses 'abstract' software patent

The U.S. Supreme Court on Thursday tossed out an Australian company's patent for business software in a decision that clarifies standards for awarding patents, but not as much as some firms had hoped.

Online economy continues to bloom

Online shopping in Australia is enjoying a strong second wave of growth as more consumers build internet browsing, purchasing and financial transactions into their everyday lives.

'Zero knowledge' may answer computer security question

(Phys.org) —In the age of the Internet, it's getting harder and harder to keep secrets. When you type in your password, there's no telling who might be watching it go by. New research at Cornell may offer a pathway to more ...

Beefing up public-key encryption

Most financial transactions on the Internet are safeguarded by a cryptographic technique called public-key encryption. Where traditional encryption relies on a single secret key, shared by both sender and recipient, public-key ...

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