Browsing: Bitcoin

Editor's pick
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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Bitcoin sinks after $65m heist

Bitcoin plunged after one of the largest exchanges halted trading because hackers stole about US$65m of the digital currency. Bitcoin slumped by 5,3% against the dollar as of 10.17am on Wednesday in

In-depth
Demystifying the blockchain: a basic guide

Most people agree we do not need to know how a television works to enjoy using one. This is true of many existing and emerging technologies. Most of us happily drive cars, use mobile phones and send e-mails without knowing how they work. With this in mind, here

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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

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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

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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

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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

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