The financial A to Z of Scottish independence – CNBC Comment September 15, 2014 A new, independent Scotland might flummox a foreign visitor. So it’s lucky this financial A to Z has turned up – even if some say it’s a parody of the Better Together campaign. A: Alex – Scotland’s official unit of currency, though largely superseded by an informal bartering system, where one barrel of oil [...]
If your assets are stuck in frozen exchange Vircurex, then Dogecoin may be the answer March 24, 2014 Vircurex is the latest Bitcoin exchange to struggle with insolvency, freezing Bitcoin and Litecoin accounts. The exchange has lost vast numbers of Bitcoin, and all incoming deposits will not be credited to users accounts "for the time being", according to an official statement. If this sounds familiar, it's because the news from Beijing based Vircurex [...]
Blockchain breaks new ground with DNA wallet June 27, 2014 The blockchain technology which underpins the network of cryptocurency Bitcoin, is breaking new ground through an Israeli startup called DNA.Bits. DNA.Bits is planning to store genetic and medical data, with genetic information available to researchers. However, privacy will be maintained through the use of private keys to keep a digital DNA Wallet. The new technology [...]
Is Dogecoin finally starting to cannibalise itself with meme-based crypto conference? April 16, 2014 Finally – the conference Dogecoin investors have been waiting for. The amusingly titled “Dogecon” will be hosted in San Francisco on 25 April, with six hours of panels and keynotes. They’ll be bringing together top entrepreneurs, investors, and activists interested in the meme-based cryptocurrency. And it’s one that already boasts a range of speakers, including [...]
Is Dogecoin finally starting to cannibalise itself with meme-based crypto conference? April 16, 2014 Finally – the conference Dogecoin investors have been waiting for. The amusingly titled "Dogecon" will be hosted in San Francisco on 25 April, with six hours of panels and keynotes. They'll be bringing together top entrepreneurs, investors, and activists interested in the meme-based cryptocurrency. And it's one that already boasts a range of speakers, including [...]
If you’d taken out a £100 payday loan last month to invest in Bitcoin you’d be up over £330 November 27, 2013 How fast is Bitcoin rising? The hugely volatile market in the digital currency has seen its price rise more than 7500 per cent this year, hitting $1000 today. To really get a grip on how fast that is, compare it with other fast-rising things – how about a payday loan? If you borrowed £100 from [...]
MtGox wins US bankruptcy protection March 11, 2014 Troubled Bitcoin exchange MtGox has received some welcome news as a Texas judge temporarily halted two US lawsuits, while bankruptcy proceedings continue in Japan. In February, MtGox filed for bankruptcy protection in Tokyo and said it had an outstanding debt of $63m (£37m). MtGox will return to court 1 April to attempt to extend the [...]
MtGox files for bankruptcy protection in Tokyo February 28, 2014 A lawyer for the troubled Bitcoin exchange MtGox has a told a press conference in Tokyo that the company has filed for bankruptcy protection and has an outstanding debt of $63m (£37m), according to the Wall Street Journal. MtGox CEO Mark Karpeles has since given a press a conference where he apologised for the "weakness [...]
Here’s why MtGox’s statement means nothing at this stage February 25, 2014 Too little, too late from MtGox. That's the verdict from enthusiastic Bitcoin adoptees on the hyper-active Bitcoin subreddit. The leading Bitcoin exchange is alleged to have lost over $300m worth of Bitcoin, or around six per cent of all Bitcoin currently in circulation. Shortly after those reports emerged, the company disappeared entirely. The statement now [...]
Bitcoins seized as FBI shuts down illegal drug marketplace in US October 2, 2013 US LAW enforcement authorities have shut down Silk Road, the web marketplace for illegal drugs like heroin and cocaine as well as criminal activities including murder for hire, and arrested its alleged owner, the Federal Bureau of Investigation (FBI) said yesterday. The FBI arrested Silk Road owner Ross William Ulbricht, 29, known as Dread Pirate [...]