Browsing: Bitcoin

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Divisive bitcoin ‘fix’ crashes after bug exploit

A controversial plan to fix bitcoin’s network congestion suffered a setback after attackers used a newly discovered bug to crash the software. Bitcoin Unlimited, which had been attracting support from the digital currency’s biggest miners, was

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Schism tears at bitcoin community

You may not know it by looking at bitcoin’s recent price surge, but the infrastructure underpinning the world’s most popular virtual currency is teetering. While speculators continue to push the value of the digital money to record

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Bitcoin starting to behave all grown up

Bitcoin is showing signs of becoming a serious asset class. Last week’s price swings hardly back up that assertion. The cryptocurrency dropped 7,8% on Thursday after news that the People’s Bank of China threatened to shut exchanges

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Bitcoin crashes as much as 23% in one day

Bitcoin prices plunged as much as 23% from Wednesday’s all-time high, according to Bloomberg data, as some traders took gains and investors celebrated a rally in the yuan. Bitcoin fell to as low as US$888,99 on Thursday

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Bitcoin surges to near-record high

Bitcoin headed for its biggest weekly jump since June as rising geopolitical risks boosted demand for alternative assets. The cryptocurrency surged 15% this week to US$900,40 as of 2.38pm in Hong Kong, taking its gain this year

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Bitcoin crushed every other currency in 2016

Bitcoin, that nebulous digital currency that trades in cyberspace and is “mined” by code-cracking computers, emerged as a better bet this year than every major foreign-exchange trade, stock index and commodity contract. The electronic

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The big problem with bitcoin

The anonymity of bitcoin gained it myriad adherents among anarchists and drug dealers around the world. Now, though, it’s looking like the digital currency isn’t quite anonymous enough. Consider the sudden

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Forget bitcoin, monero is surging

Forget bitcoin. There’s a new digital currency that is surging as online drug dealers begin adopting it to conduct business with more anonymity. The two-year-old currency monero has more than quadrupled this month after gaining

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