Vakhtang Gogokhia’s plan to extract cryptocurrencies from the netherworld of cyberspace relies on a strategy familiar to many old-school manufacturers who use a lot of energy – the cheaper the fuel, the better. That’s
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For bitcoin investors, these are the times that try one’s soul. After surging to almost US$20 000 in December following the introduction of regulated futures contracts in the US, the world’s largest cryptocurrency
Bitcoin fell below $8 000 for the first time since November as a miserable 2018 continued for cryptocurrencies, with investors confronting a mounting list of concerns about the future of the industry. Since reaching a record high
The deepening selloff in cryptocurrencies has just claimed another victim: bitcoin’s “kimchi” premium. Prices for the cryptocurrency in South Korea have tumbled back in line with those on overseas exchanges for the first time in
Bitcoin is proving that cryptocurrencies can erase wealth as fast as they create it. Its January slide knocked $44.2bn off the $200bn in market value generated in all of last year, the biggest one-month loss in dollar
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The US$500m heist of digital tokens from Japanese exchange Coincheck on Friday is remarkable for its sheer size, but thefts in the lightly regulated world of cryptocurrencies are woefully frequent. In less than a
As bitcoin continues its roller-coaster ride, taxpayers need to brace themselves for heightened scrutiny of their declarations in relation to cryptocurrency gains. The South African Revenue Service has confirmed that it will clarify
South Africa has no specific laws or regulations that deal with the use of cryptocurrencies like bitcoin. It follows that, to date, there aren’t any court rulings or directives that focus on the tax treatment of bitcoin-related transactions
Mining cryptocurrencies is far too energy intensive and is consuming as much electricity as a G-20 economy, International Monetary Fund MD Christine Lagarde said. “The bitcoin mining, which is this accelerated and augmented