An increasing number of individuals and companies are now investing in Bitcoin, the world’s largest and first fully-functioning cryptocurrency. But why? And which way is the market headed?
The price of bitcoin has crashed to below US$290, its lowest since November 2013, and far below its all-time-high of US$1,242 later that same month. For about three hours the price sat below US$300. This…
Efforts to explain Bitcoin and cryptocurrencies in general have generally focused on how they are both a new form of money as well as a challenge to existing forms of money. Cryptocurrencies are novel…
A turbulent last few months have seen numerous pieces announcing the end of Bitcoin, its imminent collapse, or the bursting of the bubble. Commentators are missing the point: the key to Bitcoin’s surprising…
Universities are facing a dilemma now that students have been discovered mining cryptocurrencies using campus facilities. Are these students displaying entrepreneurship or unacceptable behaviour? Harvard…
The Bitcoin craze has hit Iceland, where an entrepreneur has set up his own cryptocurrency and announced plans to give every citizen a handful for free. Baldur Odinsson says he is setting up a new cryptocurrency…