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 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
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
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
Australian Craig S Wright has stepped forward to claim that he is indeed the elusive creator of bitcoin, Satoshi Nakamoto. Furthermore, he claims to have “proof” of the claim that he has
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
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
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
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