Eric Lam, Bloomberg News Bitcoin bounced off the lows of the day after sliding below US$9,000 for the first time since May amid a renewal in global risk aversion. The largest cryptocurrency tumbled as much as 5.1 per cent Monday and recovered to about US$9,270 as of 11:30 a.m. in New York,
Tag: Bitcoin
Blockchain: Puzzle Solved
Ali Kamran Al Zahid Blockchain’ is a computer application based on Distributed Ledger Technology (DLT) and got the attention for being behind the cryptocurrency ‘Bitcoin’. DLT is a recent innovation and possess characteristics to be able to emerge as a better alternative to the existing centralized record keeping technique. Distributed
Bitcoin, Libra Heading for Social Media Showdown
Twitter’s cofounder and chief executive Jack Dorsey and Facebook’s co-founder and chief executive Mark Zuckerberg have emerged as champions of two similar but opposing ideas: the internet needs its own currency, but one sees it as centralized, through Facebook, the other sees it as decentralised, through bitcoin, Billy Bambrough reported in Forbes. Zuckerberg appears
Major Milestone for Bitcoin on its 11th Birthday
It is estimated that around $4.2bn worth of cryptocurrency has been stolen by hackers so far this year, exceeding the record total from last year. On October 31, bitcoin’s 11th anniversary, the world’s first cryptocurrency reached a major milestone – $1 billion in cumulative transaction fees. Analytics firm Coin Metrics said its data
CoinText launches Bitcoin Cash (BCH) Wallet in Bangladesh
CoinText.io, a cryptocurrency wallet provider that enables users to conduct bitcoin cash transfers without internet through text message has launched its Bitcoin Cash (BCH) wallet in Bangladesh. "Bangladesh is the ideal country for CoinText," explains CoinText founder and CTO Vin Armani. "Very few people have smartphones or cellular data in Bangladesh. CoinText
UNICEF France accepts crypto donations
The French office of the United Nations Children’s Fund (UNICEF) has announced that it will begin to accept donations in cryptocurrency. Following the success of GameChaingers, a crypto fundraising program launched in February of this year, UNICEF France announced it is now accepting donations in nine cryptocurrencies, including bitcoin, ethereum, Litecoin,
MIT’S INTERESTING PROPOSAL FOR A MORE STABLE FINANCIAL SYSTEM
On the 16th of January 2018, three diamond firms approached Punjab National Bank requesting LOUs. (Letter of Understanding is a form of bank guarantee under which its customers can raise money from any other Indian bank’s foreign branch in the form of a short-term credit). Punjab National Bank demanded 100%
DISTRIBUTED LEDGER TECHNOLOGY
It seems everybody is talking about it, but in reality, it is relatively small. It is generating a huge hype, but few have the underlying fundamentals. When bitcoin first emerged back in 2009, it was described as a ‘cryptocurrency’ based on ‘blockchain’ using ‘DLT’.DLT is the generic name for various implementation
HOW IT ALL BEGAN- THE BIRTH OF THE BLOCKCHAIN TECHNOLOGY
The Blockchain technology was first conceptualized in 2008 by Satoshi Nakamoto, a pseudonym used by an anonymous person. Nakamoto implemented the technology in 2009 as a core component of bitcoin, the first ever cryptocurrency. Bitcoin, and subsequently other cryptocurrencies that followed on Nakamoto’s footsteps, effectively decentralized transaction for the first
