Displaying items by tag: Digital currency

"The future of money is digital currency" – Bill Gates

"I can say with almost certainty that cryptocurrencies will come to a bad end" – Warren Buffett

GUEST OPINION by Helen Langton, CEO, Asia Pacific and Middle East, International Compliance Association:  When such esteemed (and profitable) investors have such contrasting views about cryptocurrency, it is hard for the rest of us to say for certain if its influence is positive or malign. However, one thing is certain: it is here to stay. Cryptocurrency is no longer the plaything of criminals or confined to dark corners of the Web..

Graphics processing unit designer NVIDIA has announced that it will be reducing the ethereum hash rate on its GeForce RTX 3080, RTX 3070 and RTX 3060 Ti graphics cards which are due to be shipped later this month, to make them less attractive to cryptocurrency miners.

The value of bitcoin is likely to fall in coming days after Tesla owner Elon Musk announced on Thursday that the electric car manufacturer would no longer use the digital currency in its transactions.

A court battle to decide who was the inventor of bitcoin has been given the go-ahead by the London High Court, a Reuters report says.

The cryptocurrency bitcoin rose above US$50,000 (A$64,399) on Tuesday US time, before falling back a bit, the first time the digital currency has hit this level.

The Reserve Bank of Australia is joining Commonwealth Bank, National Australia Bank, Perpetual and blockchain tech firm ConsenSys Software to look at the implications and use of a wholesale central bank digital currency (CBDC) that uses distributed ledger technology.

Australians who wish to purchase cryptocurrencies will have to first provide identity documents and open an account with the digital currency provider in question, a spokesperson for Minister for Law Enforcement and Cyber Security, Angus Taylor (below, right), says.

The current value of the digital currency bitcoin is estimated at US$180 billion, exceeding the total cash in circulation in the UK and a number of other countries including Australia, it has been claimed.

Users of the Las Vegas-based digital currency trading platform Bittrex have been unable to withdraw money from the company, and are complaining that they have no idea why. Bittrex trades in a number of digital currencies, including bitcoin.

A Windows trojan known as CryptoShuffler steals cryptocurrencies using a very simple mechanism: it replaces any cryptocurrency wallet address on a user's clipboard with one of its own.

A federal court in the northern district of California has authorised the US Internal Revenue Service to obtain details of the users of the cryptocurrency exchange Coinbase for the three years 2013 to 2015.

Australian Bitcoin platform CoinJar says its newly launched Touch app for iPhone provides a completely new way to send digital currency, across the room or around the globe, from your pocket.