Bitcoin
New Bill Makes Digital Possessions ‘Personal’
The UK government says the new Property (Digital Assets etc) Bill’ will, for the first time in British history, give protection to digital holdings, including cryptocurrency, non-fungible tokens such as digital art, and carbon credits by considering them as “personal property” under the law. What’s Been Happening Up Until Now? At the moment, UK law…
Read MoreBogus Bitcoin Boffin
A High Court judge has ruled that Australian computer scientist Dr Craig Wright is not the inventor of the Bitcoin cryptocurrency, despite him claiming to be so since 2016. Real Bitcoin Inventor A Secret The challenge with trying to conclusively identify Bitcoin’s inventor is that, from the outset, Bitcoin’s creator has only been known by…
Read MoreBitcoin Value Hits New High
With the famously volatile Bitcoin cryptocurrency briefly hitting a new all-time high value of $69,000 recently, we look at the reasons why this happened and what could happen next. Why? This latest surge in the value of Bitcoin has been attributed to US finance giants like Grayscale, BlackRock, and Fidelity investing billions of dollars into…
Read MoreDigital Dosh
With the Reserve Bank of India (RBI) launching India’s first pilot for a retail digital rupee (e₹-R/eINR/E-Rupee) this month, we look at what this means and what the benefits could be. Why? The pilot will help to decide whether India could intrpduce one of the world’s first nationwide digital currencies. It is thought that having…
Read MoreMost People To Have Digital Wallets by 2026
While some people are busy asking whether we’re seeing the death of cryptocurrencies, a new report says 60 percent of us will be using digital wallets by 2026. Digital Wallet Usage Driven By ‘Superapps’ A Juniper Research study says that the presence of ‘superapps’ will drive digital wallet use in developing countries that are currently…
Read MoreWho Accepts CryptoCoins Now?
With its volatile past and with a recent survey showing that almost one-third of small businesses in the US now accept them as payment, we look at who accepts CryptoCoins in payment for goods and services. Cryptocurrencies CryptoCoins / cryptocurrencies are digital/virtual currencies, secured by cryptography with no central issuing or regulating authority and don’t…
Read More30% Rise In Crypto-Laundering
A report by blockchain data platform ‘Chainalysis’ has shown a 30 per cent increase in cryptocurrency being used for money laundering in 2021 compared to the previous year. $8.6 Billion The 2022 Crypto Crime Report noted how cybercriminals laundered a massive $8.6 billion worth of cryptocurrency in 2021. The figure was arrived at by compiling…
Read MoreHamster Crypto-Croaks
Max, a.k.a. “Mr Goxx”, the hamster that found Internet fame through outperforming many human cryptocurrency-traders, has died. Experiment With ‘Wheel’ Results The hamster’s life as a crypto trader was down to him being used as part of an experiment by an anonymous German lecturer and prototyping specialist duo who set out to demonstrate the randomness…
Read MoreCrypto ATM Scammers
An FBI announcement has warned that scammers are now directing victims to use physical cryptocurrency ATMs and digital QR codes to complete payment transactions. What Are Cryptocurrency ATMs? A cryptocurrency ATM is a physical kiosk/terminal/device that connects to a cryptocurrency network (e.g. bitcoin) and allows customers to purchase crypto tokens with deposited cash. Cryptocurrency ATMs…
Read MoreCrypto Hackers Return Most Of The $610 Million Crypto Cash
On 12 August, the Poly Network DeFi platform announced that, following the theft of $610 Million in digital coins, the hacker thieves had returned $342 million. However, it’s been reported that more recently, almost all of the stolen crypto has now been returned. The Hack The original theft, which had taken place just two days…
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