The Securities and Exchange Commission launched a new cyber fraud unit earlier this year amid the internet’s ongoing Bitcoin boom, seemingly telegraphing its intent to crack down on a cryptocurrency market rife with hacking, fraud, and scams. The first thing on its agenda was likely always going to be initial coin…
You can pretty much set your watch to the latest tech trends by following the release of Bjork albums. Following her previous iPad app album, and various forays into VR, she’s now apparently including a little bit of cryptocurrency for anyone who buys her new album. Let’s hope the SEC doesn’t have any issues with that.
With the cryptocurrency market cap now estimated to be in the hundreds of billions of dollars and a sort of familiar frenzy kicking into overdrive, here’s another reminder that widespread adoption by the U.S. public has not yet materialized.
Less than a week ago, headlines declared that a market-shaking fork in Bitcoin had been averted. But the people backing a new cryptocurrency called Bitcoin Cash have now announced that the expected compromise between warring factions is dead. Next week, the huge Bitcoin fork will begin, and here’s what it’s all about.
Did you hear? Bitcoin is dead. It’s over. Or wait, is it just dying? Is it having a crisis? There is trouble in paradise. The ideals have been lost.
Bitcoin has been shaking up the world of finance, but its underlying technology—known as blockchain—may yet have an even more pervasive effect. Now, the U.S. Securities and Exchange Commission (SEC) has given the green light for shares to be issued on the blockchain.
Blockchain, the digital ledger underpinning Bitcoin, is perhaps the cryptocurrency’s most interesting (and intelligent) feature, with its ability to securely and publicly record transactions. Given that stock trading is a confusing mishmash of property trading hands, blockchain-powered trades seems like a surprisingly…
It’s going to unshackle us from the oppressive dungeon of fiat currency! But also criminals and rogue cops use it to do nefarious drug stuff! Digital currency is often defined by its volatile hype cycle. And yet its most promising feature is incredibly mundane-sounding: a bookkeeping system called “the blockchain.”
Bitcoin may still be the fringe coinage of technophiles, but the idea behind the cryptocurrency is rapidly marching towards mainstream.
We're fast approaching an era when companies will be able to run themselves. Called Distributed Autonomous Corporations (DACS), they'll utilize cloud robots to manage supply chains without human supervision. But as an article at Aeon asks, will these blockchain-style systems set us free, or just make the rich richer?