Browsing: Bitcoin

News
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

In-depth
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

In-depth
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

Start-ups
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

David Glance
The ‘halving’ that could derail bitcoin

Bitcoin relies on the participation of people and organisations to act as the “bankers” of the system. Called bitcoin miners, they effectively record each transaction on a ledger called the blockchain and in return, they are awarded with bitcoins. The process of mining

Martha Bennett
Blockchain hype getting ahead of itself

While blockchain technology is certainly worth investigating, chief information officers should not be fooled into thinking it is the panacea for all the potential use cases currently under discussion. It’s advisable to apply a healthy dose of scepticism

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