⿻ 106 results found.
Wilhelm Myrer got the idea to combine blockchain and recycling after a chance meeting at a party in Oslo in January. He had been working on a blockchain-based alternative to a traditional bank account for some time, after learning that the technology could eradicate the high fees banks charge customers for wire transfers. But every time he described his idea to someone new, he came up against the same obstacle.
Wild West, cryptocurrencies - or crypto-assets - put investors at grave risk and serve as catnip to criminals looking launderdirty money. We must do something! Well, duh. The Treasury Committee's report into the things (which my opening paragraph summarises) is in many respectsa fine example of statin' the bleedin' obvious. The problems posed by bitcoin and its ilk were clear before the recent collapse in its value. (BTC
The Wild West of crypto-assets such as bitcoin should be regulated to protect consumers from volatile prices and hacking, an influential group of MPs has said. The Treasury Select Committee said it
A UK hospital is offering treatment for bitcoin addicts, aimed at helping people who have developed a compulsion to trade the cryptocurrency.
Mega-investor Warren Buffett still is notbuying into the crypto-currency craze, likening Bitcoin to rat poison squared. Cryptocurrencies will come to a bad ending, Mr Buffett told shareholders at a retreat in Omaha, Nebraska, according to the Associated Press, adding that crypto currencies have no intrinsic value. (BTC
Online trading platform Plus500 said the huge boom in interest around cryptocurrencies has subsided and that the market had returned to more normal conditions.
Cryptocurrency scammers are using the faces of celebrities including Deborah Meaden and money saving expert Martin Lewis toconvince people to part with their cash, Action Fraud has warned. Consumers were tricked into transferring a total of 34,000 by fraudstersin 21 separatecases last month, the charity said. (BTC
Tennis star and three-time Grand Slam champion Andy Murray has injected cash into a UK tech startup and has proposed future investment in a second fintech company. Murray invested in mortgage lender Landbay, having already invested in the company two years ago. The startup also has the backing of online estate agent Zoopla. Murray has taken up the option of making a future investment in Landbay in order to maintain his stake in the startup.
A growing number of internet companies are banning cryptocurrency advertising, fearing reputational damage if their users are duped or left penniless, even as regulators struggle to get to grips with the fast-emerging industry. Twitter on Tuesday began blocking crypto ads, becoming the latest internet giant to crack down after moves by Alphabet's Google and Facebook earlier this year.
The Treasury caused a stir this month by hinting that the Government might scrap 1p and 2p coins, in a landmark review of cash and digital payments released alongside the Spring Statement. The idea was swiftly discounted by No10 after a backlash in the press. But what the move does make clear is the battle lines being drawn in the fight to decide the future of our money.
A Taiwanese startup led by a former Google employee intends to employ the same technology that underpins bitcoin and ethereum to shake up animal husbandry and travel. Darren Wang's OwlTing has rolled out a system to establish the provenance of stuff: hotel bookings, or pigs from birth to market. The seven-year-old startup says its amassed hundreds of clients across Taiwan and its model enhances not just food safety but also verifies commercial transactions.
The Government has launched a task force to guard against the risks posed by digital currencies such as bitcoin. The Treasury on Thursday announced that it will collaborate with the Bank of England and the Financial Conduct Authority to form the Cryptoassets Task Force which will aim to put the UK at the forefront of harnessing the potential benefits of the technology. (BTC
Cash is not dying out, despite the increasing use of mobile phones and contactless payment for purchases, according to a group of the world's central bankers. The Bank for International Settlements says in its latest report that the amount of cash in circulation actually rose from 7 per cent of global GDP in 2000 to 9 per cent in 2016.
Cryptocurrency exchanges will be policed more rigorouslyby regulators and the currencies themselves could present a future risk to financial stability, the Bank of England Governor has said. AddressingtheScottish Economics Conference in Edinburgh via a video link, Mark Carney, promised a clampdown onanyuse of cryptocurrency exchanges for money laundering and terrorism-financing.
Bitcoin has failed as a currency measured by standard benchmarks, and is neither a store of value nor a useful way to buy things, Bank of England Governor Mark Carney said on Monday. It has pretty much failed thus far on ... the traditional aspects of money. It is not a store of value because it is all over the map. Nobody uses it as a medium of exchange, Carney told students at London's Regent's University. (BTC
The Winklevoss twins have accused older finance executives from Wall Street of not understanding cryptocurrencies. Tyler and Cameron Winklevoss, who originally bought 120,000 bitcoins in 2012 of which they may have less or more of now, told CNBC that CEOs such as Berkshire Hathaway's Warren Buffett and JPMorgan chief executive Jamie Dimon suffered from a failure of the imagination.
The European Central Bank has woken up to the risks digital currencies can pose to policy makers' bread-and-butter business: the economy. If you increasingly have bridges between the virtual world and the real world and then there is a collapse in this virtual world, it could drain liquidity from the real world, executive board member Yves Mersch said in an interview in Frankfurt. This then becomes a concern for the central bank.
The majority of today's cryptocurrencies are unlikely to survive the coming decade, according to the head of Goldman Sachs' global investment research division. In a note published this week, Steve Strongin said that while it is possible that today's cryptocurrencies will exist in five or ten years, it is not probable. He reasons that they will be replaced by something better.
The royal family of one of Europe's smallest states is open to investing in cryptocurrencies to boost its wealth. Crown Prince Alois of Liechtenstein says digital tokens such as bitcoin were something to look into more into the future, but admitted the principality does not currently have the internal expertise to do that [invest] directly. (BTC
*/ It's usually best for writers to avoid cliches like shutting the stable door after the horse has bolted. (BTC
The North American Bitcoin Conference wrapped up 10 hours of speeches by inviting 5,000 attendees to what it called a networking party. It's been a long day, read the description. Join us at E11even for some networking and R&R. Or dancing. (BTC
A Japanese cryptocurrency exchange that fell victim to a hack in which 58bn yen (380m) of digital coins was stolen said customers will be refunded. Coincheck said on Sunday that it would refund about 90 per cent of the stolen NEMcoins with internal funds. (BTC
Google has made its first ride-hailing investment in Asia by pumping money into Go-Jek, as the Indonesian start-up and deep-pocketed rivals rapidly expand their app-based services and digital payments in Southeast Asia. The funding deepens Google's commitment to Indonesia's internet economy, Caesar Sengupta, a vice president at Google said in a company blog on Monday.
The central-bank governor of Nigeria, where bitcoin trading grew the most in Africa last year, said investing in the cryptocurrency is a gamble and hinted it may have to be regulated. Cryptocurrency or bitcoin is like a gamble, and there is a need for everybody to be very careful,Central Bank of NigeriaGovernor Godwin Emefiele said in an interview on Wednesday at his office in the capital, Abuja. (BTC
What's the point of Bitcoin if you can't buy things with it? A potentially important development into the crypto-currency's history was reached today with the news that Stripe, a company that handles payments for internet businesses, is ending its support. (BTC
BitFlyer, the world's largest bitcoin exchange, has been given the green light for a European launch. The Tokyo-based firm has been awarded a payment institution (PI) licence for the European Union, building on its regulatory approval in the US and Japan.
Regulators in the US have become the latest to warn about the safety of bitcoin-like investments, saying that they want greater clarity before endorsing funds which invest substantially in cryptocurrencies and related assets. (BTC
What bitcoin giveth, bitcoin taketh away. Cameron and Tyler Winklevoss, the twin brothers who became billionaires after the run-up in the price of bitcoin and other digital assets toward the end of last year, have seen their fortunes drop 37 per cent in the past month as the cryptocurrency plunged. (BTC
South Korea appeared to soften its stance on cryptocurrencies on Friday, rowing back on justice minister Park Sang-ki's comments indicating that the government planned to ban trading in the assets. A shutdown of cryptocurrency exchanges was just one of the measures prepared by the Ministry of Justice, but it's not a measure that has been finalised, a spokesperson for the South Korean Presidential Office said, according to local media. (BTC
Berkshire Hathaway CEO Warren Buffett said Wednesday that the firm had no interest in jumping on the cryptocurrency bandwagon. We don't own any; we're not short any, Buffett said in an interview on CNBC. We'll never have a position in them. Of options trades that would profit from price declines, he added: If I could buy a five-year put on every one of the cryptocurrencies, I'd be glad to do it but I would never short a dime's worth. What's going on definitely will come to a bad ending, he said.
The world's biggest cryptocurrency exchange is adding a couple of million members every week as the crypto-craze shows no sign of abating. Hong Kong's Binance.com added 240,000 new users in just an hour on Wednesday, after the company lifted a temporary suspension of new registrations it had put in place due to high demand. We did not expect this kind of growth to be honest, chief executive Zhao Changpeng told Bloomberg TV.
The price of bitcoin dropped sharply on Thursday after South Korea said it planned to ban trading in cryptocurrencies. The move came after police and tax authorities reportedly raided local exchanges this week over alleged tax evasion. The digital currency fell more than 10 per cent from over $15,000 (11,100) to around $13,300 in the early hours of Thursday morning UK time, before paring some of its losses. (BTC
Warren Buffet isn't buying the cryptocurrency craze. I can say with almost certainty that they will come to a bad ending, the Berkshire Hathaway CEO said during an interview with CNBC. (BTC
The most valuable cryptocurrency apart from bitcoin, known as ether, hit a new record-high price of $1,417 on Wednesday after rising more than 60 per cent in a week. (ETH
Shares in photography firm Kodak more than doubled on Wednesday after the iconic photography company announced that it was launching its own cryptocurrency. The Rochester, New York-based firm said the launch of 'KODAKCoin', in collaboration UK tech firm WENN Digital, was part of an initiative to help photographers control their image rights. It said that photographers can receive payment for licensing their work immediately in cryptocurrency form.
JPMorganchief executive JamieDimonhas admitted that he regrets calling the cryptocurrency a fraud in September last year. In an interview with Fox Business, MrDimonsaid that he believes blockchain, the technology behind bitcoin, is real. The bitcoin to me was always what the governments are gonna feel about bitcoin as it gets really big, and I just have a different opinion than other people, he said. (BTC
A cryptocurrency that started as a parody named after an internet meme about a Shiba Inu dog now has a market value of more than $1.2bn (900m). After a long period of stagnation, dogecoin has increased in value more than five-fold in the last month as the interest in cryptocurrencies has exploded. The rapid rise demonstrates the mania that has engulfed digital coins and has worried even the creator of dogecoin. (BTC
Bitcoin was treading above the $15,000 (11,059) mark on Wednesday, spurred by a press report according to which US venture capital firm Founders Fund had placed a major bet on the volatile cryptocurrency. Citing people familiar with the matter, The Wall Street Journal reported on Tuesday that Founders Fund - the venture capital firm co-founded by early Facebook investor Peter Thiel - had bought between $15mto $20m worth of the currency which is now worth hundreds of millions of dollars. (BTC
Shares in spreadbetting company Plus500 jumped 20 per cent on Wednesday after it announced that the bitcoin boom had boosted revenues. Plus500 said it had achieved record revenues for the final quarter of 2017 and added 246,000 customers. The firm said its strong performance was partly thanks to contracts for difference (CFDs), based on the price of cryptocurrencies. (BTC
Bitcoin has been at the centre of the cryptocurrency craze as its value has risen more than 12-fold this year but it has been significantly outperformed by a smaller rival which has seen its value rise by that amount in less than three weeks. (BTC
Vladimir Putin'sgovernment is seeking ways to establish a cryptocurrency that could help it dodge sanctions, it has been reported. The Kremlin is said to be looking into the blockchain technology behind bitcoinas the basis for a cryptorouble. (BTC
Bitcoin is losing its luster with some of its earliest and most avid fans -- criminals -- giving rise to a new breed of virtual currency. Privacy coins such as monero, designed to avoid tracking, have climbed faster over the past two months as law enforcers adopt software tools to monitor people using bitcoin. A slew of analytic firms such as Chainalysis are getting better at flagging digital hoards linked to crime or money laundering, alerting exchanges and preventing conversion into traditional cash. (BTC
Bitcoin and universal basic income were two concepts of fierce debate within global business communities in 2017. Now, a bitcoin fund has announced that it has committed$5m (3.7m) worth of the cryptocurrency to the charity behind a massive universal basic income experiment across parts of Kenya and Uganda. (BTC
It was a great year to hold bitcoin, but a bad time to have been invested in the Uzbek soum. As 2017 winds to a close, a look at the winners and losers around the globe shows that, broadly speaking, the riskiest assets performed well, with bullish sentiment on display in stocks, emerging-market sovereigns and corporate debt. Securities generally seen as the safest and least volatile bets -think Japanese government bonds - trailed behind. (BTC
The value of bitcoin fell by double percentage digits on Thursday after the South Korean government said that it plans to impose fresh measures to regulate speculation in cryptocurrency trading. Mid-morning in London, bitcoin was trading around $14,000 (10,400) apiece according to several trading platforms, having surpassed $16,400 earlier in the week. (BTC
Just a street away from Singapore's central bank, a cryptocurrency firm has set up what it claims is the first cafe in the city-state to be owned and operated by a business promoting its own digital coin. The downtown pitstop, which launched on Thursday, sells hand brew coffee, sandwiches and eco-friendly beauty products. Itaccepts bitcoin, its own virtual currency called Ducatus, and other cashless payments.
There is hardly a day goes by at present when I don't receive an unsolicited call from someone saying they can help me get a refund on a missold financial product, or they've heard I've been in a road accident and they can assist with an insurance claim.
A 40 per cent surge in world tech stocks, a jump of almost a third in emerging markets and double-digit percentage gains for top commodities have given many investors their best year since the post-Lehman bounce of 2009. Aside from bitcoin and other crypto-currencies that have gained upwards of 1,500 per cent, the biggest returns have come from internet-savvy FANG stocks, industrial metals and eastern Europe's currencies, while the dollar has put in its worst year since 2003.
The value of bitcoin has fluctuated wildly in the past week. After hitting a new high at the beginning of the week of around $20,000 it has now lost around a third of its value after crashing dramatically on Friday. There are several theories as to why this happened. Herd mentality The factor most likely to be driving the price down is that people arejust simplyfollowing what everyone else is doing. (BTC
The price of all but one of the 100 largest cryptocurrencies crashed on Friday, as investors cashed out after record rises in recent weeks. All of the top 20 cryptocurrencies hit record highs this week before plunging in a bloodbath for those who got in on cryptomaniatoo late. All of the top20 were dramatically in the red on Friday. (BTC