Cryptocurrencies
Digital 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 MoreWhat Was FTX All About?
Following news of the collapse of FTX, we look at what it was plus the events leading up to its demise and the effects going forward. FTX FTX, until very recently, was a Bahamas-based cryptocurrency exchange, founded in 2019 which at its peak (July 2021) had more than one million users and was the third-largest cryptocurrency exchange…
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 MoreDramatic Decrease in Crypto Consumption of Power
Rising electricity prices, energy-hungry crypto mining operations and falling cryptocurrency prices are thought to be behind a significant decrease in the amount of electricity being used for crypto mining. What Is Crypto Mining? Crypto mining, such as Bitcoin mining, uses specialised computers that are constantly powered-on and connected to the cryptocurrency network to verify transactions…
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…
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