Tag: Bitcoin

Bitcoin bursts $1,000 value for first time in three years

Bitcoin bursts $1,000 value for first time in three years

Written by on January 2, 2017 in News with 0 Comments

LONDON (Reuters) – Digital currency bitcoin kicked off the new year by jumping above $1,000 for the first time in three years late on Sunday, having outperformed all central-bank-issued currencies with a 125 percent climb in 2016. Bitcoin – a web-based “cryptocurrency” that has no central authority, relying instead on thousands of computers across the […]

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Digital currencies booming, bypassing banks with no regulation

Digital currencies booming, bypassing banks with no regulation

Written by on December 19, 2016 in News with 0 Comments

NEW YORK (Reuters) – A small, but rapidly growing number of digital technology start-ups is raising cash by creating and selling their own currencies in offerings bypassing banks or venture capital firms as intermediaries and are outside the reach of financial regulators. Investors are being drawn in on hopes that such “initial coin offerings” will […]

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News highlights – 11 December

News highlights – 11 December

Written by on December 12, 2016 in News with 0 Comments

News highlights for 11 December Top tech executives to attend Trump summit on Wednesday: Recode NEW YORK (Reuters) – Top executives from Alphabet Inc, Apple Inc and Facebook Inc are among a small group of tech leaders invited to a summit to be held on Wednesday by U.S. President-elect Donald Trump, Recode reported, citing sources. […]

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News highlights – 7 December

News highlights – 7 December

Written by on December 8, 2016 in News with 0 Comments

News highlights for 7 December Ericsson staff cuts ahead of schedule STOCKHOLM (Reuters) – Struggling telecom equipment maker Ericsson said on Thursday sweeping staff cuts in its Nordic home market were running ahead of plan, resulting in higher restructuring costs this year than previously forecast. Read more… Turner expands partnership with Snapchat, will create more […]

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Bitcoin, money laundering and where I keep my cash

Bitcoin, money laundering and where I keep my cash

Written by on October 27, 2016 in Guest Blog with 0 Comments

Look, I don’t mean to imply that everyone who wants to keep cash, and in particular high-value banknotes, in circulation is doing so only to help to minimise the costs of criminal enterprise and to facilitate money laundering on a grand scale. That would be ridiculous, On the other hand, though, there does seem to […]

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Blockchains – mutable by consensus

Blockchains – mutable by consensus

Written by on October 12, 2016 in Guest Blog with 0 Comments

Now we all know what the bitcoin blockchain is, don’t we? It’s just one particular version of the general class of blockchains, which share the characteristics that data is stored in blocks and because of some cryptographic jiggery-pokery the blocks are chained together, so that you can’t go back and change the contents of a […]

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News highlights – 29 September

News highlights – 29 September

Written by on September 30, 2016 in News with 0 Comments

News highlights for 29 September European Commission wants to reduce restrictions on data location BRATISLAVA (Reuters) – The European Commission wants to reduce national restrictions on where some types of commercial and health data can be stored, Vice-President Andrus Ansip said on Thursday. Read more… Salesforce wants EU to investigate Microsoft LinkedIn deal BRUSSELS (Reuters) […]

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News highlights – 19 September

News highlights – 19 September

Written by on September 20, 2016 in News with 0 Comments

News highlights for 19 September Ride-hailing app Grab raises $750 million in funding led by SoftBank SINGAPORE (Reuters) – Southeast Asian ride-hailing firm Grab said it raised $750 million in a funding round led by investor SoftBank Group, helping it build a warchest to solidify its leading position in the region and head off competition […]

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Bitfinex customers lose 36 percent of bitcoin assets but get credit tokens

Bitfinex customers lose 36 percent of bitcoin assets but get credit tokens

Written by on August 8, 2016 in News with 0 Comments

HONG KONG (Reuters) – Crypto-currency exchange Bitfinex, which lost $72 million to hackers last week, told customers on Sunday they would lose just over 36 percent of the assets they had on the platform but would be compensated for these losses with tokens of credit. The Hong Kong-based exchange said losses from the theft would […]

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News highlights – August 3

News highlights – August 3

Written by on August 4, 2016 in News with 0 Comments

News highlights for August 3 Private company wins U.S. clearance to fly to the moon CAPE CANAVERAL, Fla. (Reuters) – A Florida-based company won U.S. government permission on Wednesday to send a robotic lander to the moon next year, the firm’s founder said, marking the first time the United States has cleared a private space […]

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