Browsing: Bitcoin

Blockchain tech could halve banking revenue

Blockchain technology could swallow as much as 40% of global banking revenue by overtaking the verification of payment transactions, according to Farzam Ehsani, leader of Rand Merchant Bank’s blockchain initiative, who believes that in the future we

Bitcoin surges on Brexit vote outcome

Bitcoin was one of the few winners out of the UK’s vote to leave the European Union, surging by as much as 13% as the decision fuelled demand for alternative assets. The digital currency jumped by 11% to US$681,68 as of 1.45pm

Bitcoin surges to two-year high

Bitcoin surged to a two-year high amid expectations supply of the digital currency will shrink next month. The cryptocurrency rallied to US$683,89 on Monday in Hong Kong, the highest since February 2014, according to data compiled by

Demand pushes up bitcoin value

Demand for cryptocurrency bitcoin has soared in the past week, with prices surging just over 20% on South African-linked exchange BitX. The price of a bitcoin on BitX has risen from R7 443 at 2pm on 26 May to R8 998 at 10am on

Why the blockchain matters

The blockchain is best known as the technology that underpins and facilitates Bitcoin and other cryptocurrencies. But it is highly diverse and can be applied in a variety of instances. In essence, a blockchain is a computer protocol that enables the

David Glance
Reddit shows up journalists in bitcoin saga

The world last week was treated to another episode in the saga of discovering the real identify of the person behind the creation of bitcoin. Australian Craig Wright announced to journalists and bitcoin “experts” that he was indeed Satoshi Nakamoto

Bitcoin’s moment of reckoning arrives

Imagine being told that your salary was going to be cut in half. Well, that’s what’s soon going to happen to those who make money from bitcoin mining, the process of earning the online currency Bitcoin. The current expected date for this

Cape start-up taps Bitcoin to fight piracy

Bitcoin bounty hunters could help stem the tide of movies leaking online illegally if a South African start-up has its way. Stellenbosch-based Custos Media Technologies says it’s common for the film industry to send out pre-release digital copies of movies to recipients such as reviewers or

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