Global bank HSBC has processed more than 3 million foreign exchange (fx) transactions using blockchain technology. According to a report, the transactions, completed over the past year, were worth $250bn. If previous statements are anything to go by, HSBC likely used a permissioned (aka private) blockchain to carry out the transaction. Private blockchains are typically preferred by regulated fina...
Forbes Middle East has retracted—or, more precisely, deleted—a lengthy cover profile of Ezekiel Osborne, a.k.a. Zeke de Jong, a.k.a. Zeke Echelon. The profile had credulously repeated Osborne’s claims to be a “cofounder” of Monero, the privacy-focused cryptocurrency. Many of those claims appear to have been entirely invented by ‘Osborne,’ as we reported in late October after the Forbes ME article’...
An American businesses man is still missing even though his family have paid kidnappers a ransom of nearly $950,000 in Bitcoin. William Sean Creighton Kopko, the owner of an online gambling platform, was snatched whilst in Costa Rica during September last year, TVNZ reports. Police in Spain and Costa Rica have arrested a total of 12 individuals thought to be involved in the kidnapping of the missi...
The scalability of not only Ethereum, but basically every blockchain is a problem that nobody wanted to hear about and feared it till 2017, when the project Cryptokitties exponentially gathered popularity and started to slow down the network and got the prices of gas so high that everybody agreed that this should be the problem no.1.
Cryptocurrency traders in Denmark will be facing increased scrutiny. It comes after the country’s tax agency was granted permission to begin collecting data relating to cryptocurrency trades made through three exchanges between 2016 and 2018. A statement published on the agency’s website says this is the first time the Tax Authority has been granted access to this information. As a result, exchang...
The skinny old man shuffled around the corner of the building into the open-air café. He cradled a shallow, plastic laundry tub with his two, sticklike arms. In the rear of the room, there was an electric scale on a counter, the power cord hanging limp and unplugged. He skirted the tables and plopped the basket on top.
Bitcoin fell below $3,500 as $5 billion was wiped out of the crypto market, and major digital assets like Ethereum recorded a six percent drop against the U.S. dollar. The 4.8 percent drop in the combined valuation of all cryptocurrencies in the global market comes after a strong sell-off on January 11. Bitcoin Weakness Expected
Kevin Dowd is a Professor of Finance and Economics in the Business School at Durham University, and the co-author of the 2015 paper “Bitcoin Will Bite the Dust.” For more on bitcoin’s 10th anniversary, check out our new interactive feature Bitcoin At 10. ————————————————————— Back in August 2014, I discovered that the bitcoin mining industry had […]
Despite being just one week old, Izabella Bowles carries great expectations upon her tiny shoulders. The baby, born on Jan. 6, will go to college when she’s older, if parents Wioletta and Peter can help it. What’s more, her future tuition fees will be paid for using what many believe to be the future of money – bitcoin.