Thursday, 25 April 2019
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Tag Archives: Bitcoin

Winklevoss twins become world’s first bitcoin billionaires

SINGAPORE: Tyler and Cameron Winklevoss – the Harvard University rowing twins who famously sued Mark Zuckerberg claiming he stole their idea for Facebook – have just become the world’s first bitcoin billionaires, say media reports. The 36-year-old brothers lost their case against Zuckerberg but received a settlement of US$65 million ...

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Bitcoin hits record price for a single unit

LONDON: Bitcoin’s vertiginous ascent showed no signs of abating on Monday, with the cryptocurrency soaring to another record high just a few percent away from $10,000 after gaining more than a fifth in value over the past three days alone. The digital currency has seen an eye-watering tenfold increase in ...

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Former City workers launch debit card for cryptocurrencies

LONDON: The London Block Exchange (LBX) has launched a debit card which will allow UK consumers to spend cryptocurrencies such as Bitcoin in their local supermarket. Canary Wharf-based London Block Exchange, a fintech start-up founded by a team of ex-City workers, has launched a debit card which will allow consumers ...

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Bitcoin just smashed $7,000

LONDON: Just over 24 hours after it passed the $6,500 mark, bitcoin soared past another psychologically significant level this morning, rising above $7,000 (GBP 5294.8). The cryptocurrency hit $7,010 in mid-morning trading, up more almost four per cent, as it continued to climb following the announcement by US exchange operator ...

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Dubai to officially launch its own cryptocurrency

DUBAI is developing a new sovereign cryptocurrency called emCash. Emcredit, a subsidiary of Dubai Economy, and UK-based Object Tech Group will work together to establish contactless payments. The partnership is part of the Dubai Economy Accelerators umbrella and will entail the development and implementation of emCash, an encrypted cryptocurrency, which ...

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UK tycoon launches $300m Dubai residences for sale in Bitcoin

DUBAI: A $300 million real estate development has launched in Dubai, touted as the world’s first ever scheme available for purchase using cryptocurrency Bitcoin. Dubai-registered Aston Property Ventures, a company owned by British lingerie businesswoman Michelle Mone and partner Doug Barrowman, unveiled the £250 million ($326 million) development in Dubai ...

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Burger King has launched its own version of bitcoin in Russia

MOSCOW: Fast food chain Burger King has issued its own cryptocurrency or virtual currency in Russia called “whoppercoin,” according to an online press release by whoppercoin’s blockchain platform, Waves. Cryptocurrency, in a nutshell, is any digital currency backed by a digital ledger of transactions monitored and verified by a global ...

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Bitcoin cash price jumps above $1,000 in stunning rise

LONDON: Bitcoin cash, the newly created cryptocurrency, just smashed a fresh record high. The cryptocurrency, which was formed when bitcoin’s blockchain forked earlier this month, rocketed past $700 yesterday, and today it breifly peaked above $1,000. At the time of writing, bitcoin cash was trading at $972.55, more than 90 ...

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Is Bitcoin the future of currency

Bitcoin’s future as an alternative currency has generated a considerable amount of debate in financial parlors. A Bitcoin is merely a transfer of value between addresses. Every time you want to transact, an address is created and transfer of value takes place. When you are on the receiving end, a ...

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