Bitcoin becomes official currency in Central African Republic

Posted by & filed under Bitcoin.

Source: BBC News Date: April 29th, 2022 Link: Discussion Computer scientist Sydney Tickaya said he thought the adoption of the cryptocurrency was “premature” and “irresponsible”. Why might this be the case? Why are some countries moving towards using bitcoin?

The giant crypto-mine in a desert

Posted by & filed under Bitcoin, crypto-currency.

Source: BBC Technology News Date: March 18th, 2022 Link: Discussion Crypto mining uses a lot of electricity. Why? Some US and Canadian states/provinces and towns/cities are either banning crypto mining, or providing tax incentives for crypto miners to come. Why are some trying to stop it and others trying to encourage it?

Canadian investment watchdog hopes advertising guidelines will rein in cryptocurrency’s wild west ‘bad actors’

Posted by & filed under Bitcoin, crypto-currency, IT and Politics, Politics.

Getting sick of those cryptocurrency ads that have all the grace and subtlety of carnival barkers or neon signs on the Vegas strip? So are securities regulators. The Canadian Securities Administrators and Investment Industry Regulatory Organization of Canada (IIROC) announced new advertising, marketing and social media guidelines for cryptocurrency exchanges Thursday. Ontario Securities Commission chair… Read more »

Bitcoin ‘halving’: What does the much-hyped event mean?

Posted by & filed under Bitcoin, crypto-currency.

Bitcoin has just gone through a much-hyped adjustment that reduced the rate at which new coins are created. The world’s biggest cryptocurrency’s so-called “halving” happens roughly every four years. The digital currency relies on what are known as “miners”, who run software that races to solve complex maths puzzles in return for Bitcoins. Monday’s halving… Read more »

Is blockchain living up to the hype?

Posted by & filed under Bitcoin, Blockchain.

Is blockchain – the technology underpinning the cryptocurrency – is fulfilling its promise, or a tech still looking for a better reason to exist. There have been some very grandiose claims made about blockchain. Source: BBC Business Technology Date: January 16th, 2020 Link: Discussion 1) Do you understand what the difference is between Bitcoin and Blockchain? 2)… Read more »

Coca Cola Using Blockchain for $21-Billion-Per-Year Network

Posted by & filed under Bitcoin, Blockchain.

With blockchain, Coke One North America expects to reduce the duration of order-reconciliation from 50 days to just a few days. An inter-organizational, transparent distributed ledger will give real-time insights into the transactions made by all the different bottlers on the network, which generates over $21 billion in revenue per year. Source: CoinTelegraph Date: November… Read more »