Digital currency market cap hits £3.1bn

October 2nd, 2015|

The total market capitalisation of digital currency has reached close to £3.1bn, according to data from Coinmarketcap. Of this figure, a total of 85.7 per cent belongs to market leader Bitcoin, followed by ripple and litecoin.

According to a feature on cryptocurrencies in Money Management’s September issue, bitcoins and other digital currencies have been a subject […]

The 21 companies that control bitcoin

August 13th, 2015|

Flashy startups like Coinbase, Circle, Blockchain, and BitPay are some of the most famous companies in bitcoin.

But arguably more important are the miners — individuals and organisations who form the core backbone of bitcoin, ensuring the digital currency’s integrity.

Bitcoin runs on a blockchain, a decentralised and public ledger of every transaction made on the network. By offering processing […]

Ecuador Is The First Country To Use A Public Digital Currency System

August 13th, 2015|

Mobile currency products such as M-Pesa have taken off, inspiring a number of copycat products around the world.

One of these, however, is slightly different. It’s called the Sistema de Dinero Electrónico.

Products such as these are being touted as a great way to bring millions of people into formal finance, whereas they previously wouldn’t have such […]

China’s Yuan Devaluation may Trigger a Run Into Bitcoin

August 13th, 2015|

Foreign currency prices have an intimate impact on financial markets and this week, China’s yuan devaluation came as a reminder of how fragile the Chinese economy is at the moment.  A significant financial crisis is developing on the country; it seems that the model of economic growth has reached its natural end.

Similar to what happened […]

Should Small Businesses Bet on Bitcoin?

August 12th, 2015|

Imagine stepping into a cafe where you’re worried they don’t take credit cards. But while you’re painstakingly counting out your dollars, the cashier says: “We take cash, cards and bitcoin.”

That’s what’s happening every day at Pittsburgh ice cream parlor Oh Yeah! And the small eatery isn’t the only place offering an expanded range of payment […]