Tag: Bitcoin

Security firms combine to battle bitcoin-laundering

Security firms combine to battle bitcoin-laundering

Written by on August 3, 2016 in News with 0 Comments

LONDON (Reuters) – A company that provides banks with anti-money-laundering controls has teamed up with a bitcoin security firm to try to curb nefarious uses of the digital currency, such as drug trafficking and terrorism financing. LexisNexis said the new service it has created with London-based startup Elliptic would bring bank-grade AML controls to bitcoin […]

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New Bitcoin supply halves, ‘miners’ face fight for survival

New Bitcoin supply halves, ‘miners’ face fight for survival

Written by on July 11, 2016 in News with 0 Comments

KEFLAVIK, Iceland (Reuters) – Marco Streng is a miner, though he does not carry a pick around his base in south-western Iceland. Instead, he keeps tens of thousands of computers running 24 hours a day in fierce competition with others across the globe to earn bitcoins. In the world of the web-based digital currency, it […]

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Self-professed ‘bitcoin inventor’ amassing patent portfolio

Self-professed ‘bitcoin inventor’ amassing patent portfolio

Written by on June 21, 2016 in News with 0 Comments

SYDNEY/SINGAPORE (Reuters) – Craig Wright, the Australian who claimed to be the inventor of bitcoin, is attempting to build a large patent portfolio around the digital currency and technology underpinning it, according to associates of his and documents reviewed by Reuters. Since February, Wright has filed more than 50 patent applications in Britain through Antigua-registered […]

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Coinbase adds digital currency ether to its trading platform

Coinbase adds digital currency ether to its trading platform

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

NEW YORK (Reuters) – Bitcoin exchange Coinbase said on Thursday it will add digital currency ether on its trading platform next Tuesday. The addition of ether comes given the surge in interest in the digital asset among major financial institutions such as Barclays and UBS as well as other enterprises worldwide like IBM, which are […]

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Australian claims he created bitcoin, but some remain skeptical

Australian claims he created bitcoin, but some remain skeptical

Written by on May 2, 2016 in Billing & Payments, News with 0 Comments

SYDNEY/SINGAPORE (Reuters) – Australian tech entrepreneur Craig Wright told the BBC that he was the creator of controversial digital currency bitcoin, but some skepticism remained about the identity of a person who until now has gone by the name of Satoshi Nakamoto. The BBC reported on Monday that Wright gave some technical proof demonstrating that […]

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The blockchain, the Bank of England and other DLT TLAs

The blockchain, the Bank of England and other DLT TLAs

Written by on March 21, 2016 in Billing & Payments, Guest Blog with 0 Comments

I gave a talk on the blockchain and such like to the Scottish Financial Services Club. It was a lot of fun, and I got a couple of really excellent questions that made me think on my feet, something I greatly appreciate. I chose the example of the Old Lady of Threadneedle Street as a […]

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Bitcoin suggested as model to replace outdated political system

Bitcoin suggested as model to replace outdated political system

Written by on February 17, 2016 in News with 0 Comments

SYDNEY (Reuters) – A new Australian political party is using the virtual currency bitcoin as a model to replace what they say is an outdated political system – representative democracy – with a streamlined new polity for the information age. The Flux Party says its goal is to elect six senators. They will propose no […]

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Bitcoin lead developer departs claiming cryptocurrency has failed

Bitcoin lead developer departs claiming cryptocurrency has failed

Written by on January 18, 2016 in Billing & Payments, News with 0 Comments

LONDON (Reuters) – Bitcoin slid by 10 percent on Friday after one of its lead developers, Mike Hearn, said in a blogpost that he was ending his involvement with the cryptocurrency and selling all of his remaining holdings because it had “failed”. Hearn, one of five senior developers who has spent more than five years […]

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Probable bitcoin creator named then raided by police

Probable bitcoin creator named then raided by police

Written by on December 9, 2015 in News with 0 Comments

SYDNEY (Reuters) – Australian Federal Police raided the Sydney home on Wednesday of a man named by Wired magazine as the probable creator of cryptocurrency bitcoin, a Reuters witness said. The property is registered under the Australian electoral role to Craig Steven Wright, whom Wired outed as the likely real identity of Satoshi Nakamoto, the […]

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Bitcoin currency exchange not liable for EU VAT taxes

Written by on October 23, 2015 in Snippets with 0 Comments

BRUSSELS (Reuters) – Exchanging traditional currency for the digital currency bitcoin online should be exempt from consumption taxes just like other transactions of banknotes and coins, the European Court of Justice said on Thursday. Europe’s highest court ruled in response to a request by Swedish tax authorities, who had argued bitcoin transactions should not be […]

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