Tags: Bitcoin

A Christmas cryptocurrency present on the blockchain?

The sale has been agreed for a fleet of rare F1 cars, valued at approximately £4m, purchased in cryptocurrency. The four car fleet will sell to a buyer transacting with the cryptocurrency Litecoin, subject to standard blockchain verification. Eleesa Dadiani, founder of Dadiani Syndicate, said: “We are hugely excited to be conducting the sale of these…

Blockchain – transparently opaque?

Bitcoin valuations have made many recent headlines. The attractions of anything which increases in value by 40%+ in weeks is understandable. Yet there are problems. Some of these involve Bitcoin (which ET will not address here). Others involves blockchain fundamentals, two of which (though there may be many more) stand out: the transparently opaque conundrum…

Cryptocurrency wallets – Caveat Dominus

NiceHash, a crypto currency exchange, has gone offline. Its web site says it simply” “Service Unavailable” followed by the following press release: “Official press release regarding the NiceHash security breach “Unfortunately, there has been a security breach involving NiceHash website. We are currently investigating the nature of the incident and, as a result, we are…

Bothered by missing out on the Bitcoin run-up?

The Bitcoin run-up to almost US$12000/Bitcoin is spectacular. Some even forecast it will reach US$80,000 in 2018, which may be pushing the boundaries of credibility (remember those who predicted, in the times of the dot.com bubble, that the Dow would reach higher than that market is now – almost 20 years later). If you seek…

Bitcoin – worry, attitudes and futures

Bitcoin valuations head relentlessly up. At the start of 2017 a Bitcoin was worth a little over US$1,000. In eleven months it is almost ten times as much. What should make a virtual cryptocurrency rise so much? Are they worth it? There is no easy answer. Two demonstrations of this are analyses coming from Bloomberg and…

Blockchain scalability addressed by two more startups

Blockchain throughput is, arguably, the dagger hanging over widespread blockchain adoption. There are two fundamental and interrelated problems. A blockchain’s size and its ability to transact (to register additional transactions which ad to the blockchain size. After all a blockchain is the immutable record of all transactions. It cannot shrink to order. To ‘picture’ this,…

FortKnoxster’s blockchain-secured platform

FortKnoxster has announced (yet another) token sale for its secure privacy platform. It claims this is one of the few token sales backed by a working product, which is an indictment of the whole ICO scene. Yet what interests is less the token sale and more that product. The FortKnoxster platform claims to be an…

Bitcoin futures on the CME

CME Group, one of the world’s most diverse derivatives marketplaces, has announced it intends to launch bitcoin futures in the fourth quarter of 2017. This is ‘pending all relevant regulatory review periods’ which means not all is assured. Bitcoin values hit US$6400 per bitcoin in intraday trading on October 31st, after this announcement. Terry Duffy,…

Necurs drives a resurgent Locky

The Locky Ransomware, first detected in February 2016 has surged back up Check Point’s latest Global Threat Index (GTI). It now stands at No 2 in the GTI, only beaten by the Roughted malvertising attack. This is the first time Locky has appeared in the GTI since November 2016. Check Point puts this current rise…