Ethereum hard fork: What is it, when will it happen and what will it do to prices? January 15, 2019 Tomorrow marks the first major event in the world of cryptocurrencies in 2019, which could bring about a range of consequences from price swings to falling user numbers. But what do analysts think will actually happen? The so-called hard fork, which will see the Ethereum network upgrade its code to sit on a new version [...]
Bitcoin mining could take up 0.5pc of global energy consumption in 2018 May 20, 2018 A study has found that by the end of this year, bitcoin mining could be using as much as half a per cent of the world’s global energy usage, making it a significant threat to renewable energy efforts and potentially making it an inefficient investment. Bitcoin mining, which has received increased interest from both the [...]
UK bitcoin mining firm Bladetec heads to China to woo investors April 16, 2018 A large UK-based cryptocurrency mining company is heading to China in hopes of wooing new investors. Bladetec, which is building a huge mining farm across three locations in the south east of the UK, is targeting potential investors in Shenzhen, Shanghai and Beijing as it seeks £10m for new mining equipment. Mining is the process [...]
The top tech predictions for 2020 January 6, 2020 Welcome to 2020. After a week or more of festive cheer and turkey-induced fatigue, it’s time to get back to work. But don’t despair. The year — and decade — ahead is set to be an exciting one, especially in the world of technology. To find out what changes may lie ahead, City A.M. asked [...]
Bitcoin price (BTC) jolts to life, climbing by $1,000 in an hour April 12, 2018 Bitcoin’s price rocketed up by about 17 per cent today to reach its highest price in more than two weeks. The cryptocurrency broke past the $7,000 and $8,000 barriers in a matter of about an hour for the first time since the end of March. At the time of writing, bitcoin was down from its [...]
France joins US and UK in warning over Facebook’s libra July 17, 2019 France has joined the US and UK in saying strong regulations must be in place before Facebook goes ahead with creating its proposed libra digital currency. Read more: US senators grill top exec over Facebook’s libra cryptocurrency The warning came as G7 finance ministers converged on the French town of Chantilly for a two-day meeting [...]
Majority of UK consumers unable to define cryptocurrency, City watchdog finds March 7, 2019 More than 70 per cent of UK consumers do not know what a cryptocurrency is, new research has found, as the City watchdog warned that crypto investors should be prepared to lose all their money. The term cryptocurrency, which is a digital or virtual currency that uses cryptography coding for security, is understood by 29 [...]
Why cryptocurrencies are here to stay December 21, 2018 If common perception is to be believed, we’re currently watching the death of cryptocurrencies. Without doubt, there is cause for some concern. This year has been terrible for speculators, with a deeply entrenched bear market taking hold, and the price of bitcoin falling by around 80 per cent. The year also hasn’t resulted in the envisaged uptake [...]
Warren Buffett and Bill Gates slam bitcoin and other cryptocurrencies for being non-productive investments May 8, 2018 American billionaires Warren Buffett and Bill Gates have been critical of cryptocurrencies with Buffett saying on Monday that bitcoin was non-productive and ultimately depended on its mystique. Buffett, who is CEO of the American company Berkshire Hathaway, said that bitcoin investors depended on people wanting to pay more for the currency fuelled by the mystique [...]
Bitcoin’s price hits its lowest since November on a credit card ban and tightening reguations February 5, 2018 The price of bitcoin has slumped more than 10 per cent to a three-month low today as cryptocurrencies face attacks from all sides. At the time of writing, bitcoin was trading 11.54 per cent lower at $7,241.86, near its intra-day low. In the past month, the digital currency’s value has fallen by $10,000, wiping more [...]