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 »
Posts Categorized: crypto-currency
IMF’s Lagarde says central banks could issue digital money
International Monetary Fund head Christine Lagarde said central banks around the world should consider issuing digital currency. Speaking in Singapore, Ms Lagarde said this could make digital currency transactions safer. Source: BBC Technology News Date: November 15th, 2018 Link: https://www.bbc.com/news/business-46203869 Discussion 1) How much do you know about how cryptocurrencies, of which Bitcoin is just one example? Why… Read more »
The virtual land selling for millions
Investors are spending real money to buy land in a new city that only exists in virtual reality. Buyers can build whatever they want on their plots in Decentraland. Many hope to make a profit trading goods and services in the virtual world’s own crypto currency. But will Decentraland be an online utopia or a… Read more »
The blockchain bonanza is over for graphics card makers
The image above is of a cryptomining rig For almost a year, cryptocurrency miners have snapped up all the graphics cards they could get their hands on. That was a financial windfall for Nvidia and AMD, the leading makers of consumer graphics cards. Both reported soaring profits their last two quarters. But on Thursday, Nvidia reported its financial… Read more »
Arsenal signs crypto-currency deal with gaming firm CashBet
Arsenal has become the first major football club to sign a deal to promote a crypto-currency. The club has reached an agreement with the gaming company CashBet, which is planning to launch its own currency CashBet Coin. It will see CashBet Coin advertised at Arsenal’s Premier League home games. But one crypto-currency expert has questioned whether the… Read more »
Bitcoin: South Korea sways cryptocurrency prices – but how?
South Korea’s government has been signalling that it plans to crack down on cryptocurrency trading. Exactly how it will do this remains vague. But just the threat of action has been enough to drive a sell-off across the market globally. Bitcoin, for example, has lost nearly a quarter of its value in the past week. And so… Read more »
How did music producer Gramatik raise $2m in 24 hours?
Rows between artists, managers and their record labels often become the stuff of music legend, but does blockchain technology mean that musicians could soon just deal directly with their fans – and keep far more profit for themselves? Gramatik – real name Denis Jasarevic – is a Slovenian electronic music producer and DJ with a worldwide… Read more »
Bitcoin Cash deals frozen as insider trading is probed
One of the US’s leading crypto-currency exchanges is carrying out an insider trading investigation. Coinbase fears its own workers may have exploited its move into Bitcoin Cash – a spin-off of the original Bitcoin. The San Francisco-based firm announced the move after Bitcoin Cash’s price jumped. Coinbase began letting its users buy, sell, send and receive Bitcoin Cash on Tuesday… Read more »
Your browser could be mining cryptocurrency for a stranger
THERE’S SOMETHING NEW to add to your fun mental list of invisible internet dangers. Joining classic favorites like adware and spyware comes a new, tricky threat called “cryptojacking,” which secretly uses your laptop or mobile device to mine cryptocurrency when you visit an infected site. Malicious miners aren’t new in themselves, but cryptojacking has exploded in popularity… Read more »
What exactly is an ICO?
In simple terms, an initial coin offering is an unregulated means to raise funds for a new crypto-currency business. It allows investors to buy newly created tokens – known as coins – issued by a venture in return for more established virtual currencies, such as bitcoins or ethereum. It is often compared to an IPO… Read more »
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