Tag : Bitcoin

Bitcoin: To Classify as a Currency?

9 months ago / 0 comments

Mark Carney – the Governor of the Bank of England – has said that bitcoin has failed as a currency. Speaking to students at the London Regent University, Carney told students that bitcoin “has pretty much failed thus far on the traditional aspects of money. It is not a store … Read More

The Crime Behind The Bitcoin Craze

9 months ago / 0 comments

A common and prolific criticism of cryptocurrencies is their vulnerability and susceptibility to cyber corruption. There is good reason behind this concern, too; just this week, Europol director Rob Wainwright pronounced that there has been a significant increase in cybercrime of this nature. He estimated that around 4% of all … Read More

Crypto Credit Crunch: Virgin Money Bans Credit Card Customers Buying Cryptocurrencies

9 months ago / 0 comments

Virgin Money said “Following a review of our policies, I can confirm customers will no longer be able to use their Virgin Money credit card to purchase crypto-currencies.” This follows a similar move by Lloyds Banking Group earlier in the month citing concerns that customers are at risk of racking … Read More

Bitcoin: Over-emphasised Or Over-Criticised?

10 months ago / 0 comments

The dizzying heights of bitcoin’s mid-December valuation in 2017 at $17,900 per coin has proven impossible to maintain, slipping down to a figure below $14,000 within the space of a week. Just this month, the most prominent of cryptocurrencies dropped to almost half of its peak value, slumping to a … Read More