Banks to use bitcoin technology blockchain as soon as 2016 November 11, 2015 Banks could integrate the technology underpinning cryptocurrency bitcoin into some parts of their business as early as next year, according to a new report. Bitcoin utilises blockchain technology which enables the transfer of financial assets using cryptographically secured networks, and consequently removed the need for a third-party intermediary. Read more: UBS plays down potential of bitcoin The report [...]
The Bank of England says issuing an official cryptocurrency could raise economic output July 18, 2016 Introducing a Bitcoin-style official currency could boost economic output, help maintain financial stability and smooth the cycle of boom-and-bust, the Bank of England has found. A new report from wonks at Threadneedle Street has modelled the impact of a central bank issuing a new legal tender based on blockchain or distributed ledgers – the technology behind Bitcoin – finding [...]
Comeback currency of the year: Bitcoin beat the dollar by nearly 40 per cent last year to become the best performer of 2015 January 12, 2016 Bitcoin was the world’s best-performing currency in 2015, beating out the US dollar by nearly 40 per cent. The cryptocurrency has been on a roll lately, boosted to hit a 2016 high of $450 by recent turmoil on Chinese stock markets. In afternoon trading, the currency was at $446.31. “Bitcoin is living up to its [...]
Bitcoin wallet video: Watch biohacker Patric Lanhed make the world’s first bio-payment of Bitcoin using a chip in his hand October 31, 2015 If you’re always losing your wallet, you may want to read on: Biohacker Patric Lanhed has just developed a payment method you’ll struggle to lose. Lanhed can send bitcoin payments using his hand, after implanting a chip containing the key to his bitcoin wallet under his skin. This enables him to send and receive money [...]
Rally over? Bitcoin price drops back below $400 November 6, 2015 That bitcoin rally everyone's been going on about may have been short-lived: having smashed through the $500 mark on Wednesday, it's since fallen back, dropping more than three per cent today to $374. Earlier this week, the currency surged 50 per cent in five days thanks to factors including tightening capital controls in China, a [...]
Bitcoin price surges after Craig Wright supposedly identified as anonymous creator Satoshi Nakamoto December 9, 2015 Bitcoin’s on the move again, with the cryptocurrency spiking $16.50 over a 15-minute period following reports that the true identity of its mysterious creator had been uncovered. The digital currency is currently trading at $415 and is moving up. But experts are split on whether the potential unmasking of anonymous creator Satoshi Nakamoto is the [...]
95 per cent of German financial experts think bitcoin will struggle to survive the next decade December 8, 2015 Blockchain may be riding a wave of success, but the digital currency it powers certainly isn’t, as a new survey reveals financial experts have little faith in bitcoin’s future. A full 95 per cent of finance execs in Germany believe digital currencies will only see niche applications before 2025, according to a survey from German [...]
Bitcoin will become sixth largest global reserve currency by 2030 November 3, 2015 Bitcoin is going to be the world’s sixth largest global reserve currency, a new study has found, as blockchain becomes increasingly important to mainstream lenders. Interviewing 30 leading bitcoin companies, mergers and acquisitions adviser Magister Advisors found that over the next 15 years bitcoin is set to soar in popularity as a reserve currency, a [...]
EU cracking down on bitcoin after Paris attacks to stop terrorism funding November 19, 2015 EU ministers are hoping to tackle terrorism funding by cracking down on digital currencies like bitcoin, according to news agency Reuters. The news agency has seen a draft document from EU ministers calling on the European Commission to clamp down on anonymous online payments used to finance terrorist organisations. According to the document drafted ahead [...]