News - subcat

Nvidia says cryptocurrencies useless to god and man
Published in Graphics


Just suck up technology

The GPU maker named after a Roman vengeance demon, Nvidia has said cryptocurrencies do not “bring anything useful for society” despite making a killing selling processors in huge quantities to the sector.

Cryptocurrencies need tough bank capital rules
Published in News


Top bankers say

Global regulators have said cryptocurrencies such as bitcoin should come with the toughest bank capital rules to avoid putting the wider financial system at risk should their value collapse suddenly.

US to crack down on cryptocurrencies
Published in News
Friday, 21 May 2021 11:24

US to crack down on cryptocurrencies


Risk to financial stability


US Federal Reserve chief Jerome Powell warned that cryptocurrencies pose risks to financial stability and that greater regulation is in the works.

Bitcoin and Ethereum ain't dead yet
Published in News
Thursday, 06 December 2018 11:32

Bitcoin and Ethereum ain't dead yet


Could become investors' safe havens

Cryptocurrencies like Bitcoin and Ethereum will increasingly be seen as investors’ ‘safe havens’ in 2019, claims an influential tech expert.

Bitcoin plummets as regulators rattle sabres
Published in News
Thursday, 28 December 2017 17:51

Bitcoin plummets as regulators rattle sabres


The rise and fall of the fall and rise

Cryptocurrency bitcoin has seen its value fall by 26 percent from a high last week.

Bitcoin is like the South Sea Bubble
Published in News
Monday, 27 November 2017 16:13

Bitcoin is like the South Sea Bubble


Snap, crackle and pop goes the weasel

Back in 1720 the English House of Lords passed the South Sea Act and created the South Sea Company. claimed to have a monopoly agreement with South America and led to  shares rising as much as 10 times as speculators lost their marbles and invested in lots of companies with risible prospectuses. The bubble burst and many people that invested as a result of the craziness lost the lot.