Businesses are stockpiling bitcoin to pay hacking ransoms June 7, 2016 Businesses are preparing for the threat of a cyber attack by stocking up on digital currencies such as bitcoin to pay hackers' ransoms, new research reveals. A third of firms in the UK are stockpiling in the event of such a cyber attack and the country's largest firms are willing to pay more than £50,000 [...]
Bitcoin price jumps after remaining at steady level since halving event July 12, 2016 The bitcoin price jumped today to $669 by evening trading, after staying within a mostly stable range since the reward for miners fell 50 per cent last Saturday. On Saturday, the number of bitcoins generated by the digital process known as mining halved. Previously, bitcoins were released in blocks of 25, but they are now released in blocks [...]
This is what you need to know about the upcoming bitcoin halvening June 23, 2016 Bitcoin has several unique properties over traditional currencies that, depending on your economic belief system, are either advantages or disadvantages. Within the next month, we will see one of those unique properties in action: Bitcoin's deflationary nature, embodied in the event known as either the halving or halvening. In order to understand the halving and what it [...]
Bitcoin reward for miners falls 50 per cent following Saturday’s halving July 10, 2016 The number of bitcoins generated by the digital process known as mining halved on Saturday. Rather than being issued by a central authority, bitcoins are “mined” by solving complex mathematical problems. These were previously released in blocks of 25, but this has now been halved to 12.5. There is a hard cap of 21m bitcoins, [...]
As a bitcoin exchange loses $65m in a hack, will the crypto-currency ever be more than an alternative asset? August 3, 2016 Ed MacNair, chief executive and founder of CensorNet, says Yes. While this security breach is a set back, the incident does not necessarily sound the death knell for bitcoin that some are predicting. Any form of currency which exists in digital form – and for that we should read all currency – has a significant exposure [...]
Latest surge pushes bitcoin price above $750 barrier June 16, 2016 In another bitcoin price rally the cryptocurrency smashed through the $750 (£530) mark during trading today to reach a 2016 high, after falling below $700 on Tuesday. By mid-afternoon (GMT), bitcoin was still trading up 5.8 per cent at more than $736, after hitting a peak of $750.37 at around 11.30am, according to the Bitstamp index. It was the first [...]
EU referendum wipes more than $100 off the price of bitcoin June 23, 2016 The bitcoin price was hammered on Thursday, losing almost $130 (£89) over 24 hours, as Britons took to the polls to cast their ballots in the EU referendum. By 5.30pm (GMT) the price of a single bitcoin was trading down 3.7 per cent at $573, according to the Bitstamp market exchange. However the day's low, mostly prompted by the EU referendum's [...]
Ruh-rob: Bitcoin price plummeted 20 per cent last night after a major exchange was hacked August 3, 2016 The value of bitcoin fell sharply last night after a major exchange halted trading, saying it had uncovered a security breach. Bitcoin fell as low as $483.10, after Hong Kong-based Bitfinex said some of its users had had their bitcoins stolen. In a statement it said the theft had been reported to the police. Read [...]
Hong Kong based IOHK invests in Blockchain research lab July 12, 2017 A Hong Kong-based cryptocurrency research and development company is investing in a research laboratory at The University of Edinburgh's School of Informatics. IOHK is a global company of 70 people, incorporated in Hong Kong. Its researchers and developers work remotely in countries from South America to Japan, where it also has a small office. It [...]
Business leaders believe bitcoin will “fail to become a widely accepted method of payment” June 14, 2016 Business leaders do not believe bitcoin, the world's leading cryptocurrency, will become a "widely accepted method of payment" in future, according to new research. More than six in 10 (61 per cent) respondents to the Smith & William Enterprise Index survey also said they did not see bitcoin as having had a big impact on [...]