Major UK banks, including Barclays and Royal Bank of Scotland, have warned that Chancellor George Osborne’s plan to turn Britain into a hub for the virtual currency trade could help terrorists and criminals. The warning came in a letter to the Treasury from the British Banker’s Association (BBA), which represents the leading British banks. Anthony […]

Bitcoins are generated by miners who are rewarded in bitcoin for processing transactions by making complex calculations. Illustration by Tom Hall If you think oil had a rough 2014, consider bitcoin. The digital currency has plunged 54 percent since the beginning of the year. By contrast, Brent crude has fallen 44 percent; the ruble is […]

The price of bitcoin has seen a resurgence over the weekend following 10 days of steadily tumbling prices. Most other major cryptocurrencies have seen a similar upturn in fortunes, with litecoin, dogecoin, peercoin and darkcoin all rising in price by between 3% and 6%. The biggest mover across all markets was fedoracoin. The cryptocurrency, based […]