3 reasons why China is running scared of Bitcoin December 5, 2013 The People's Bank of China (PBOC) has announced a ban on financial institutions handling Bitcoin transactions. The central bank declared that Bitcoin was a currency without “real meaning.” The move comes shortly after China became the world's largest trader of the virtual currency. As China moves to restrict the use of Bitcoins here are three [...]
Is Darkcoin set to soar with new hardfork? June 9, 2014 Privacy centred cryptocurrency Darkcoin has had a rough ride over the last few weeks. Darkcoin's last hardfork to implement the masternode payments system – RC2 – did not go as well as the company had hoped. In the world of cryptocurrency's, a hardfork is when the developers make changes to the programming of the coin. [...]
Techcrunch Disrupt in London: City’s rising tech talent is the star of the show October 20, 2014 Some 1,500 investors, entrepreneurs and startups will go head to head at Old Billingsgate Market today and tomorrow as one of Silicon Valley’s biggest annual tech conferences lands in London for the first time. Techcrunch Disrupt promises to focus the world’s tech investment community on the capital’s top startups over the next two [...]
Forget a Bitcoin bubble: A wider crypto revolt is challenging everything December 10, 2013 FOR ALL the talk of a Bitcoin bubble, it’s easy to miss the real significance of what is currently happening. The rise of Bitcoin is just the beginning. Cryptocurrencies are no longer the domain of activists and grassroots movements, they are nothing less than “new money”. Many are waiting for the moment when a central [...]
Are all virtual currencies in danger as China cracks down on Bitcoin? December 9, 2013 The founder of virtual currency Peercoin, Sunny King has warned the he does not rule out the possibility of governments banning virtual currencies. His comments follow Chinese authorities’ recent crackdown on the use of Bitcoin by financial institutions. Speaking to CNBC on Friday, King said: I wouldn’t eliminate possibilities that they [China’s authorities] issue a [...]
Are all virtual currencies in danger as China cracks down on Bitcoin? December 6, 2013 The founder of virtual currency Peercoin, Sunny King has warned the he does not rule out the possibility of governments banning virtual currencies. His comments follow Chinese authorities' recent crackdown on the use of Bitcoin by financial institutions. Speaking to CNBC on Friday, King said: I wouldn't eliminate possibilities that they [China's authorities] issue a [...]
Bitcoin breaks new boundaries by slashing cost of remittances November 28, 2013 Bitcoin continues to break new boundaries as Kenyan start-up BitPesa, announced it will be going head-to-head with money transfer services such as Western Union by using the virtual currency Bitcoin to cut transaction costs for remittances. Established providers such as Western Union deduct between $10 (£6) to $17 (£10) from a wire transfer of $200 [...]
How Richard Branson’s getting behind virtual currency May 13, 2014 Bitpay, the Atlanta-based Bitcoin payments processor has reportedly raised $30m (£17.8m), and Richard Branson is one of the investors. In an email cited by the Wall Street Journal, the business magnate took the opportunity to make a statement about virtual currency more widely, saying: “Banking as we know it is in the midst of enormous change [...]
Bitcoin breaks $780 as Senate gives it the nod November 18, 2013 BITCOIN reached record highs of around $788 last night after the digital currency received a boost to its legitimacy from the US Senate. US officials told a Senate committee that Bitcoin – the digital currency that can be traded anonymously and freely worldwide – should be considered a legitimate currency, despite its documented criminal uses. [...]
Bitcoin falls under $500 as China closes its doors to digital traders December 18, 2013 BITCOIN fell to its lowest price since October yesterday after China took steps to block its citizens from making investments in the digital currency. China’s central bank extended its Bitcoin ban to payment providers that service BTC China, China’s largest Bitcoin exchange, stopping the country’s citizens from buying the currency. Prices on Bitcoin exchanges around [...]