Craig Steven Wright is not Satoshi Nakamoto – Maybe, the Leader of the Team
Have you already bought into the idea of Craig Steven Wright being Satoshi Nakamoto? There is a growing voice saying not so fast! Indeed, the shadow of doubt is growing every passing moment as members of the Bitcoin community pour over the evidence that he has put on the table. This can be witnessed on various Bitcoin forums, such as the Bitcoin subReddit, where some enthusiasts are expressing their disbelief. They could be wrong. They could right. Who knows at this point? Andreas M. Antonopoulos is one of those who have come out to question the validity of Craig Steven Wright’s claims. The author of Mastering Bitcoin, a Bitcoin security […]
Blockchain is here to stay
Blockchain, the technology that underpins Bitcoin, is the talk of the town at the moment. The financial services industry can’t get enough of it. The enthusiasm essentially boils down to the technology’s potential to reduce the financial transaction costs while ensuring robust security. While Bitcoin is unlikely to be make traditional currency extinct, blockchain has provided the impetus needed for new and innovative research into how the slow and often expensive centralised financial transaction systems that dominate banking, so what is this blockchain? Put simply, blockchain is a data structure that can be used to create digital ledgers of transactions shared among a distributed network of participating organisations. Financial institutions […]
Blockchain is useful for a lot more than just Bitcoin
Blockchains can be used for a wide variety of applications, such as tracking ownership or the provenance of documents, digital assets, physical assets or voting rights. Blockchain technology is not just useful for creating digital currencies such as Bitcoin or developing new financial technologies. Blockchains can be used for a wide variety of applications, such as tracking ownership or the provenance of documents, digital assets, physical assets or voting rights. Blockchain technology was popularised by the Bitcoin digital currency system. But, essentially, a blockchain is just a special kind of database. The Bitcoin blockchain stores cryptographically signed records of financial transfers, but blockchain systems can store any kind of data. […]
Craig Wright says he will prove he is bitcoin creator
One day after Australian businessman Craig S. Wright declared he created the virtual currency bitcoin, he says he plans to prove it.
Blockchain and how it will change everything
In May, British billionaire Richard Branson invited a select posse of entrepreneurs, venture capitalists and technology advisers to his Caribbean residence for an exclusive pow wow on an issue occupying some of the top markets minds in the world. The topic for discussion on the picturesque Necker Island was the “blockchain”. “Every now and then, something comes along that might just change everything. And this is one of those moments,” ASX chief executive Elmer Funke Kupper. In case you’re one of the many yet to wrap your head around the promising technology, blockchain, on a simple level, uses computer code to engender trust in digital-economy transactions. One of the attendees […]
Cryptocurrencies: what to study until there’s a ‘bachelor of bitcoin’
Joel Emery’s passion is cryptocurrencies, IT and tax law. It’s dense stuff, but despite a recent senate inquiry, legal treatment of new financial technologies is in its infancy so Emery’s Bachelor of Laws honours thesis at ANU is in some ways ahead of the regulators. Bitcoin emerged in 2008 as the first decentralised cryptocurrency, a form of cash that uses encrypted records to validate transactions and generate more bitcoin and, although crypto-currencies get a bad rap at times, the industry is estimated to already be worth more than $14 billion. Every day, ordinary people walk out of the house without a cent, yet buy coffee, lunch and dinner using a […]
Bitcoin lures as investors fret over uncertain markets
Investors appear to be increasingly turning towards bitcoins, rather than gold, as the best way to protect themselves against unpredictable financial markets. Worries that the US Federal Reserve could make good on its threat to raise interest rates before the end of the year pushed gold to a three-week low overnight, with the price of the precious metal dropping 2.4 per cent to $US1,147.30 a troy ounce. Although the Fed kept interest rates close to zero at this week’s meeting, it flagged the possibility of a rate rise in December, and this triggered a rise both in US dollar and US bond yields – both of which are negatives for […]
Bitcoin flounders as regulatory worries bite
What are your thoughts on this article? Do you believe this is happening? Australian businesses are turning their backs on bitcoin, as signs grow that the cryptocurrency’s mainstream appeal is fading. Concerns about bitcoin’s potential crime links mean many businesses have stopped accepting it, a trend accelerated by Australian banks’ move last month to close the accounts of 13 of the country’s 17 bitcoin exchanges. The development is a blow to hopes of bitcoin fans that the currency can play a significant role in everyday business transactions in developed economies, with Australia once seen as one of its most promising markets. It is estimated to hold 7 per cent of […]
