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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South African Reserve Bank governor Lesetja Kganyago has expressed openness to blockchain technologies which underlie cryptocurrencies like bitcoin. Blockchain technology acts as a digital distributed ledger
Blockchain — the technology that underlies cryptocurrencies such as bitcoin — is grabbing the attention of banks, says a prominent local law firm. The technology acts as a digital distributed ledger to confirm
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
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
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 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 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 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
Imagine a company with no managers and no employees. Imagine that said company operates as a democracy, and that its shareholders vote electronically on every aspect of its operations. Sounds crazy, right? Except that such a company