Australia set to auction off bitcoin stash as Chinese demand propels the price higher May 30, 2016 Australia is going to sell off £7.5m worth of bitcoin it confiscated as “proceeds of crime” during 2015. The auction will be the first of its kind outside of the US. Separately, the price of bitcoin has jumped over the last few days after a surge in demand out of China. Read more: Ethereum's value is already up 1,100 [...]
How world stock markets have performed in the 10 years since the financial crisis September 21, 2017 It is hard to believe that a decade has passed since the start of the global financial crisis. The 10th anniversary of the run on Northern Rock fell earlier this month. But the crisis was already well underway at that stage. It was the August of 2017 when French bank BHP Paribas suspended three funds [...]
What actually is blockchain and why is everyone talking about it? March 22, 2017 It’s been called a ‘revolutionary’ technology and its devotees claim it will transform money and even society – but what exactly is blockchain, and where will its impact be felt? Blockchain came to prominence as the enabling technology for the anonymous digital currency Bitcoin, but its supporters say its potential use is far greater. Wikinomics [...]
Luxembourg grants Bitstamp the first European bitcoin exchange licence April 26, 2016 One of the world's largest bitcoin exchanges, Bitstamp, has been awarded a licence to operate as a fully regulated payment institution in Luxembourg. Bitstamp boasted it made it the first fully licensed bitcoin exchange in Europe, amid hopes it will increase the exchanges legitimacy and boost trading volumes. The licence comes into effect on 1 July [...]
Bitcoin price has risen more than $100 in the last 12 hours as traders panic over the EU referendum results June 24, 2016 Bitcoin has risen in value by more than $100 in the last 12 hours, as traders panicked over the outcome of the EU referendum. Just before 4am its value was at $654.08 – up from $563.92 at 5pm yesterday, according to Coinbase. The pound was taking its worst battering in years after it fell more than seven [...]
Bitcoin price rises more than two per cent to above £370 following recent rally May 31, 2016 The bitcoin price has continued its recent rally to rise another two per cent today. The price of a single bitcoin reached a high of £374.04 ($546.85) in trading today, up more than 2.6 per cent, and was trading at £371.94 by 1pm (GMT), according to Coindesk. Prices have risen by around 20 per cent since 28 May, [...]
Craig Wright won’t prove he’s Bitcoin creator Satoshi Nakamoto May 5, 2016 The man who claimed to reveal himself as the secret inventor of Bitcoin has now backtracked on promises to prove he really is the person known as Satoshi Nakamoto. Craig Wright made headlines on Monday after outing himself as the unknown person behind the cryptocurrency, but many in the Bitcoin community have raised an eyebrow about the Australian's [...]
WannaCry ransomware NHS cyber attack: A final warning for banks and fintech May 15, 2017 It was the most high profile cyber attack in some time, and one of the largest ever carried out. Governments, hospitals, companies and universities in over 150 countries were affected by the recent ‘WannaCry’ cyber attack, which affected more than 230,000 computers with ransomware and demanded bitcoin payments. Media coverage in the UK focused on [...]
Why banks should be offering more P2P and bitcoin services for SMEs May 9, 2016 UK banks could generate £8.5bn in extra revenue by 2020 if they broaden their offerings for small and medium enterprises (SMEs), according to a new report. Accenture's SME Banking 2020 report found there is currently a “significant perception gap” between small businesses and banks. Banks are also facing “stiff competition” from fintech, and should be [...]
Coinkite drops bitcoin wallet to refocus on cryptocurrency hardware March 29, 2016 Bitcoin startup Coinkite has announced it will phase out its popular online wallet system over the course of 30 days and its team will refocus on enterprise hardware products. "We are winding down the web wallet part of Coinkite so that our team can focus on a number of new products that are more decentralized and embodied [...]