Tag: Bitcoin
Cryptocurrencies and related distributed technologies need a proper ecosystem to become a significant and meaningful part of the finance ecosystem Blockchain, ICOs and digital securities (e.g. cryptocurrencies) have become the new kids on the finance block – and of course opinion is divided. Some believe they will take over the entire finance industry in a […]
(Reuters) – Payments company Square Inc said it has started allowing select customers to buy and sell bitcoins on its Cash app, as it looks to tap into a craze that has sent the cryptocurrency up nearly sevenfold this year. For the most part though, institutional investors have stayed away from bitcoin, the original and […]
HARARE (Reuters) – For most investors around the world, bitcoin is a volatile and highly speculative bet. For Zimbabweans, however, the cryptocurrency seems to offer rare protection from the onset of hyperinflation and financial implosion. Some are turning to bitcoin out of desperation as their bank deposits lose value almost by the day, while others […]
LONDON (Reuters) – Digital currency bitcoin took another leap higher on Thursday, rocketing above $7,000 for the first time after a more than tenfold increase in its value over the past year. Bitcoin has seen eye-watering gains in recent months, having more than doubled in value in the past seven weeks alone. It is on […]
RIYADH (Reuters) – Billionaire Saudi Prince Alwaleed bin Talal, who owns investment firm Kingdom Holding, expressed skepticism about cryptocurrencies in an interview with CNBC on Monday, warning that bitcoin was like “Enron in the making”. Prince Alwaleed, whose company invests in major U.S. companies such as Citigroup and Twitter, said a lack of regulation made […]
TORONTO (Reuters) – The chief executive of Canada’s biggest lender on Thursday pushed back on a suggestion by JPMorgan Chief Executive Jamie Dimon that bitcoin is a fraud, though he said the cryptocurrency needs monitoring. Speaking at a Reuters Newsmaker event in Toronto, Dave McKay, CEO of Royal Bank of Canada, said: “Has Bitcoin misrepresented […]
Believe it or not, it has been almost ten years since the cryptocurrency known as Bitcoin first came into existence. According to legend, the mysterious creator(s) of Bitcoin, “Satoshi Nakamoto”, published it to a cryptography mailing list in October 2008, and released an open-source version in early 2009. Since then, Bitcoin has mushroomed into a […]
SHANGHAI (Reuters) – Chinese authorities have ordered Beijing-based cryptocurrency exchanges to stop trading and immediately notify users of their closure, signaling a widening crackdown by authorities on the industry to contain financial risks. Exchanges were also told to stop allowing new user registrations as of Friday, according to a government notice. The notice was signed […]
News highlights for 10 September 2017 One year of Reliance Jio: How the telco’s launch disrupted India’s telecom landscape Reliance Jio Infocomm’s launch a year ago has disrupted India’s telecom landscape like never before, with consumers the ultimate winners as prices slumped amid intense competition that put pressure on the existing operators. Read more… Criticism […]
News highlights for 22 August 2017 Big food companies explore blockchain for the supply chain CHICAGO/NEW YORK, (Reuters) – Nestle SA, Unilever Plc, Tyson Foods Inc and other large food and retail companies have joined IBM’s project to explore how blockchain technology can help track food supply chains and improve safety, the companies said in […]
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