Distributed ledger technology (blockchain) has made significant headway this year, and people are starting to take notice. At the beginning of 2017, the cryptocurrency bitcoin was valued at just under $1,000 and soared up to over $3,000 in May. While it took a dive over...
Bitcoin, the leading cryptocurrency, jumped more than 16 percent on Saturday (August 6) to an all-time high of $3,360.87 before hovering around $3,303, propelling market capitalization to more than $54 billion. According to a news report in CNBC, the virtual currency has more than tripled in...
All is not running business as usual in the bitcoin realm. The digital currency that has been around for nearly a decade has struggled to gain major traction in the mainstream industry outside of finance. Just last week, we reported on investors splitting off from...
A new digital currency called “bitcoin cash” (BCC), created by splitting the bitcoin blockchain, has risen in price nearly 200 percent — despite not having crucial support from parts of the cryptocurrency community. CNBC reported news that the digital currency token was created this week...
Security in the digital age is a goal for most retailers and consumers — and nearly everyone else in the business world. When it comes to personal information, especially data linked to payment accounts, the level of privacy and accuracy of security are key in keeping...
SWIFT has announced news that 22 global banks recently joined its blockchain proof of concept (PoC) initiative, which is part of the company’s global payments innovation (gpi) service aimed to “re-arm the correspondent banking system for a new age of technological disruption.” The PoC initiative...
Bitcoin recently avoided being cleaved in two, thanks to a vital assist from its network of miners. According to Reuters, the cryptocurrency received a software upgrade that allows transactions to be processed with greater ease and speed. This would lead to a greater number of transactions...
In the midst of today’s retail revolution, blockchain technology is being pushed up to the surface. E-Commerce’s increasing popularity over the last decade is likely the driver of blockchain technology implementation. As we reported just a few months back, this technology is set to disrupt...
Bitcoin has begun to make up recent losses in value as miners have potentially found a software-based solution that may make it possible to avoid a hard (or soft) fork in the cryptocurrency. Bitcoin has been suffering form a scaling problem over the last two...
