Bitcoin prices plunged as much as 23% from Wednesday’s all-time high, according to Bloomberg data, as some traders took gains and investors celebrated a rally in the yuan. Bitcoin fell to as low as US$888,99 on Thursday
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Bitcoin headed for its biggest weekly jump since June as rising geopolitical risks boosted demand for alternative assets. The cryptocurrency surged 15% this week to US$900,40 as of 2.38pm in Hong Kong, taking its gain this year
Bitcoin, that nebulous digital currency that trades in cyberspace and is “mined” by code-cracking computers, emerged as a better bet this year than every major foreign-exchange trade, stock index and commodity contract. The electronic
The anonymity of bitcoin gained it myriad adherents among anarchists and drug dealers around the world. Now, though, it’s looking like the digital currency isn’t quite anonymous enough. Consider the sudden
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
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