Last week, bitcoin stumbled into the most serious crisis in its history. A long anticipated ceiling on transaction volumes was reached. Transactions, which usually take less than 10 minutes to clear
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Digital cryptocurrency Bitcoin faces a key year ahead that could seal the fate of its long-term adoption, says South African-born Silicon Valley entrepreneur Vinny Lingham. Lingham first integrated Bitcoin payments into his US-based digital gift
Ever since computers were first introduced into the retail banking system in the late 1950s, there has been the vision of a future world where cash is obsolete. The near death of personal cheques, increase in debit and credit card use, and innovations such as PayPal
Digital cryptocurrencies like bitcoin may have failed to unseat their more traditional rivals, but the technology that underpins bitcoin may yet bring about a revolution in finance and other industries. This technology is called the “blockhain”. The blockchain acts as a public
In 2008, someone calling themselves Satoshi Nakamoto posted a paper describing the workings of what would become the world’s most important digital cryptocurrency, bitcoin. Two months later, he posted the code for the first version of the software that would allow people to create and
Bitcoin has been declared the “end of money as we know it” and as a currency for our times; decentralised, and created specifically for seamless exchange on the Internet. That is, it would be, if
The “dark Web” is a part of the World Wide Web that requires special software to access. Once inside, websites and other services can be accessed through a browser in much the same way as the normal Web. However, some sites are effectively
Bitcoin was dubbed the worst investment of 2014. As predicted, however, 2015 has seen the continued fall in value of the currency that was supposed to fuel the digital age. In the last 10 days alone, it has
Need proof that Bitcoin, the virtual currency, is growing up? South Africa is getting its very own Bitcoin-focused conference, to be hosted in Cape Town in April. The inaugural Bitcoin Africa Conference will take place at the Atlantic Imbizo Conference and Function
BitX, the Bitcoin exchange launched last year, has released a mobile application that it hopes will help emerging markets better understand and use the cryptocurrency. The app allows anyone to buy or sell Bitcoin and functions as a wallet to store the virtual currency. BitX is headquartered