Bogus Bitcoin Boffin

Bogus 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…

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Bitcoin Value Hits New High

High Bitcoin

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…

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Digital Dosh

Tech Insight : 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…

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Most People To Have Digital Wallets by 2026

Most 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…

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Who Accepts CryptoCoins Now?

Who 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…

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30% Rise In Crypto-Laundering

Cryptocurrency for money 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…

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Hamster 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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Crypto 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…

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Crypto 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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Suspected Cannabis Farm Turns Out To Be A Bitcoin Mining Farm

Police in Sandwell in the West Midlands recently discovered a warehouse that had been converted to an operation to illegally supply large quantities of electricity for Bitcoin mining. Same Heat & Electricity Profile as a Cannabis Farm The warehouse was raided by police after the heat generated, which had been spotted by the heat camera…

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