Articles about Currency

Bitcoin is the future of money CC 2.0 by Jonathan Waller https://www.flickr.com/photos/whitez/

Yank my blockchain: Bitcoin upgrade SNAFU borks hungry miners' currency

Bitcoin users have been urged to switch to pool mines that fully validate data blocks, after the virtual currency system hit a major snag during a planned upgrade. The open source P2P community warned on Saturday that "many wallets" were "currently vulnerable to double-spending of confirmed transactions." Anyone who received …
Kelly Fiveash, 05 Jul 2015

Ecuador follows Bitcoin ban with digi-currency proposal

Ecuador has decided a state-backed digital currency might help it to avoid a financial crisis. Bloomberg reports that the South American nation will implement a fiat digital currency that's to sit beside the US Dollar, its current legal tender. The nation will institute a monetary authority to administer the dollar, the report …
Jamie Bartlett delivering Register Summer Lecture

Camgirls, crypto currency and beer: The Register tours the Dark Net

Register Lectures Very few of us, even at The Reg, have spent a year trawling the darkest corners of the internet, getting to know right wing agitators, crypto currency zealots, and Yorkshire’s leading Camgirl. Jamie Bartlett did though, and he shared his experiences with a room full of Register readers at our Summer lecture on May 21. He took …
Joe Fay, 05 Jun 2015

PayPal goes crypto-currency with Bitcoin

eBay's PayPal business will start accepting the crypto-currency Bitcoin for payments “over the coming months”. The move confirms rumours that emerged in August that the online store was in talks with Bitcoin processor Coinbase. Those talks involved Braintree, which the company acquired early this year, and according to …
carving of kiwi

Dotcom wants NZ to have fiat-backed crypto-currency

Either New Zealand is leading the world in April 1 news stories, or Kim Dotcom's Internet Party is not only proposing a government-backed crypto-currency, but thinks it should operate in parallel to the country's fiat currency. Since the story starts on March 26, Vulture South is forced to at least accept the hypothesis that the …
channel_teaser_money_top

HGST's Active Archive System and the 'currency of the new economy'

What better thing for a disk drive company to do than announce a drive array to archive data and increase demand for its spinning disks? HGST has gone and done just that with its Active Archive System array, built using acquired Amplidata object storage tech. Object storage technology views files as objects, with the content …
Chris Mellor, 08 Apr 2015

Bank of America: Bitcoin could become THE currency of e-commerce

Chinese banks may not be too keen on Bitcoin at the moment (which has done something to damp down the current price) but a new research report from Bank of America rates it as a major player in future internet transactions. "We believe Bitcoin can become a major means of payment for e-commerce and may emerge as a serious …
Iain Thomson, 06 Dec 2013
The Register breaking news

Bitcoin blitzkreig as Germans prepare to tax virtual currency

Germany has become the first country to recognise Bitcoin as a real form of currency, which will be subject to tax like any other dosh. The country's ministry has declared that Bitcoins are “units of account” and should be regarded as “private money”. What this means is that anyone trading in the virtual currency will be liable …
Jasper Hamill, 20 Aug 2013
Bitcoin bloodbath

MtGox, that bastion of unregulated e-currency Bitcoin, turns to Texas judge for protection

The embattled MtGox Bitcoin exchange has been thrown a lifeline by a US bankruptcy court in the northern district of Texas – which has shielded the company from litigation. Judge Harlan Hale granted a motion [PDF] to place the company under Chapter 15 bankruptcy, a classification that will help it fend off, for the time being, …
Shaun Nichols, 11 Mar 2014

Bitcoin price SOARS after US SENATE hearing on 'legit' currency

The price of Bitcoin has soared to astronomical heights after a US Senate hearing on the "promises and risks" of the crypto-currency. One Bitcoin was worth $637 (£396) on the Mt Gox exchange at the time of writing, but hit highs of over $900 (£558) during the hearing, prompting analysts to warn the bubble is about to burst. …
Jasper Hamill, 19 Nov 2013
Somali pirates storm the box

Virtual currency speculators shut down cloud

Exclusive Proponents of virtual, encrypted currencies took another scalp on Monday when a gaggle of them flooded a cloud provider, causing it to shut off sign-ups for new users in some regions. Public cloud provider DigitalOcean was forced to stop people spinning up new servers ("droplets") on its cloud due to absurd levels of demand …
Jack Clark, 16 Jul 2013
Lecpetex

Facebook scuttles 250k-strong crypto-currency botnet

Facebook has taken down a Greek botnet that at its peak compromised 50,000 accounts and infected 250,000 computers to mine crypto-currencies, steal email and banking details and pump out spam. The scuttled Lecpetex botnet spread malware including the DarkComet remote access trojan by social engineering techniques and was adept …
Darren Pauli, 09 Jul 2014
The Winklevoss twins, Cameron and Tyler

HALF of all Bitcoin-investing Winklevoss twins predict $400bn market for the currency

Facebook backer-turned-antagonist Cameron Winklevoss has issued a bright forecast for the future of the Bitcoin cryptocurrency. Speaking in a Reddit Ask Me Anything session, Winklevoss said that he projects the value of Bitcoins could reach upwards of $40,000 at some point in the not-too-distant future. "Small bull case …
Shaun Nichols, 17 Dec 2013

Bitcopocalypse! Top crypto-currency can be HIJACKED, warn boffins

The Bitcoin crypto-currency is vulnerable to manipulation by greedy miners, researchers have claimed, which poses a threat to the stability of the funny money. In a paper distributed on Monday titled Majority is not Enough: Bitcoin Mining is Vulnerable, two researchers from Cornell University describe how Bitcoin's currency …
Jack Clark, 05 Nov 2013
PayPal inStore app in action

PayPal and SETI aim to go galactic with off-planet currency system

When PayPal launched 15 years ago it billed itself as the world's first global currency. Now the company is looking to kick-start a conversation into how to become the payment platform for the solar system with PayPal Galactic. "The time is right today because of all of the interest and movement and money and private/public …
Iain Thomson, 27 Jun 2013
Dogecoin

Joke no more: Comedy virty currency Dogecoin gets real in big Xmas heist

If you've heard of Dogecoin, maybe you thought it was a joke. A cryptocurrency based on what has been called the meme of the year for 2013, it certainly has all the earmarks of an internet prank. But some people are apparently taking Dogecoin seriously – seriously enough, at least, to steal millions of them from online wallets. …
Neil McAllister, 26 Dec 2013

Unisys halts and catches fire: Mainframe builder dives into the red

Mainframe maker Unisys plunged into the red during its second quarter of 2015, posting losses of $58.2m (£37.6m). The losses quadrupled compared with its second quarter in 2014, when the biz dropped $12.1m over the three-month period. Overall revenues dropped five per cent to $765m (£494m). Nevertheless, chief exec Peter …
Kat Hall, 24 Jul 2015
Bitcoin is the future of money CC 2.0 by Jonathan Waller https://www.flickr.com/photos/whitez/

The world's first proper Bitcoin exchange will be live in a month

Bitcoin will officially enter the mainstream financial world next month when New York State's Department of Financial Services (NYDFS) publishes a regulatory framework for the virtual currency, allowing virtual currency exchange itBit to become the first-ever legitimate Bitcoin bank. The NYDFS will publish its final "BitLicense …
Kieren McCarthy, 29 Apr 2015
The Register breaking news

Bitcoin Foundation vows to clean up currency's bad rep

Tired of bad press, Bitcoin advocates have launched a new foundation aimed at both promoting the electronic currency and funding infrastructure to maintain its momentum. The Bitcoin Foundation is the brainchild of Gavin Andresen, who says he modeled it after the Linux Foundation, the non-profit organization that "promotes, …
Neil McAllister, 29 Sep 2012

Phew! Brits escape Azure price hikes as rest of world bears the brunt

Blighty has dodged the price hike bullet that Microsoft is set to fire into Europe and Australia, which will see customers paying more for Azure cloud services - much more, in fact. As revealed this morning, appreciation of the US dollar compared to the Euro and the Aussie dollar will lead to price jumps of eleven and 26 per …
Paul Kunert, 06 Jul 2015

Arrgh! It's Device-a-pocalypse, Gartner yowls: 11 per cent drop foretold

Some 12 months ago the device market was booming on the back of the XP refresh – but fast forward to today and things are again looking very regressive. In the latest re-forecast, Gartner reckons eleven million PCs, tabs and smartphones will be stocked by retailers and disties in Britain this year: an eleven per cent fall on …
Paul Kunert, 14 Jul 2015
arrow pointing up

Thought your dept was on budget this year? THINK AGAIN, matey

Tech buyers will likely need to revisit budget forecasts at the month's end with another price hike on commodity hardware to be pushed through by vendors in response to the relative appreciation of the dollar. Since last summer the US currency is up 15 per cent against the UK Pound (the impact on the Euro is even more pronounced …
Paul Kunert, 20 Apr 2015
Xbox Live

Microsoft to cash in chips on virtual currency

Microsoft will call time on its virtual currency, Microsoft Points, with a switch to real money on the cards later this year, it has been claimed. Future transactions across the Windows Phone, Zune and Xbox Live platforms will be based on the currencies of the region in which the user has pegged their account to, an anonymous …
Caleb Cox, 25 Jan 2012

Bitcoins: A GIANT BUBBLE? Maybe, but currency could still be worthwhile

The Bitcoin economy is a bubble and it'll all end in tears. Bitcoin is the greatest thing since sliced bread and will change the world forever. What might surprise some of you is that there's no contradiction between these two statements. Whether the internet currency is in a bubble or not, and whether that bubble bursts and …
Tim Worstall, 15 Apr 2013
Playground_slide

Whee! IBM storage hardware revenues just keep sliding and sliding

IBM's storage hardware revenue decline has continued, according to its 2015 first quarter results. IBM's earnings statement said: "Revenues from System Storage decreased eight per cent (down two per cent, adjusting for currency)." Remember, this is just the storage hardware business, ignoring storage software products, and if …
Chris Mellor, 21 Apr 2015
Dogecoin

Chap slapped in Dogecoin crap app flap

The FTC settled with an app developer accused of hijacking smartphones for digital currency mining. The Commission filed a complaint last week against an app developer who was said to have surreptitiously embedded an application with malware that used victim's handsets to perform virtual currency mining without their knowledge …
Shaun Nichols, 29 Jun 2015
Bitcoin is the future of money CC 2.0 by Jonathan Waller https://www.flickr.com/photos/whitez/

The United States' first official BitCoin exchange goes live

The first government-approved BitCoin exchange in the US has gone live. As we predicted last week, the New York State Department of Financial Services (NYFDS) has given itBit Trust Company the first charter to be a virtual currency in the world's financial center. NYFDS superintendent Benjamin Lawsky said of the decision: "We …
Kieren McCarthy, 07 May 2015

Wall Street watchdog publishes its ultimate rules on Bitcoin biz

The New York State Department of Financial Services (DFS) — the financial regulator for Wall Street — has released its final regulations for Bitcoins. The BitLicense Framework will regulate the use of digital currency in New York and tries to strike a balance between preventing fraud while staying open to innovation in a rapidly …
Kieren McCarthy, 03 Jun 2015

The BIG stretch: Software and flexing your firm's size

A mathematician (a Fields Medal winner, so a real one) once asked an economist whether there was anything in economics that was non-obvious and non-trivial. Well, the answer that came back was: "It's all obvious or trivial except Ricardo on comparative advantage." So, once explained, this analogy is both obvious and trivial, …
Tim Worstall, 11 May 2015
£10 notes. Pic: Howard Lake

Computacenter UK giggles as cash rains on revived data centre ops

Computacenter’s UK sales team must be in self-licking mode after a barnstorming start to calendar ’15 – but revenue zapping currency conversions and an unsettled French operation hit the group’s top line. In a trading update, the London-listed services-based reseller said Q1 revenues reduced by two per cent as reported to £715. …
Paul Kunert, 23 Apr 2015
Acropolis by https://www.flickr.com/photos/adeelanwer/ CC 2.0 attribution https://creativecommons.org/licenses/by-nd/2.0/

Bitcoin fixes a Greek problem – but not the Greek debt problem

Worstall on Thursday Hallelujah and may the Lord be praised! Someone has finally managed to find a decent economic use for Bitcoin. This isn't what those of us interested in the nitty-gritty of economics ever really expected, to be quite frank. We have looked on the alt-coin world as a rerun, a recapitulation, of every scam, fraud and mistake that …
Tim Worstall, 16 Jul 2015

Screwball ruble closes Apple's Russia store, whole kit and caboodle

Apple has temporarily halted online sales in Russia while the country remains in an economic free-fall. The iPhone giant said "extreme" fluctuations in the value of the ruble forced it to shut its shopping website in the Putin-led country. Apple said it will review its pricing before reopening the site for sales. The ruble saw …
Shaun Nichols, 17 Dec 2014
The Register breaking news

Currency moves cost small biz dear

Small business owners in the UK blame currency movements for threatening their ability to export goods - or at least to export goods profitably. A survey of 365 business owners by the Forum of Private Business found 63 per cent said currency movements are a restriction on overseas trade. Just 31 per cent complained about …
John Oates, 16 Jun 2010

EMEA PC market circling rim, headed for U-bend plunge

The EMEA PC market - more precisely shipments into distributors and retailers - is shrinking again due to political upheaval in the region, the currency meltdown and the end of the XP factor. According to beanshufflers at IDC, 20.2 million boxes were flung into sales channels during the first three months of 2015, equating to a …
Paul Kunert, 20 Apr 2015
An Amazon Coin

Amazon launches own currency

Amazon.com has started printing its own money. The company's effort, dubbed Amazon Coins, will be familiar to anyone that has acquired Microsoft Points or Nintendo Points, as the Coins require consumers to stump up real-world cash in return for a balance of online-only credit tied to a single store. Coins can be spent in Amazon' …
Simon Sharwood, 14 May 2013

Gartner forecast dartboard falls off wall, lands in pile of crumpled dollars

The mystics at Gartner have changed their mind: the value of the IT spending isn’t going to grow this year after all, and it is all the fault of the pesky tea leaves US dollar. The re-forecast indicates global expenditure will shrink 1.3 per cent on 2014 to $3.66tn, which is way off last year’s prediction of 3.9 per cent growth …
Paul Kunert, 09 Apr 2015
Hitachi Ultrastar A7K2000

Hitachi's storage revenues: Not brilliant, but high-end gear helped – analyst

Analysis Hitachi pulled in more storage revenues in the last 2014 quarter than in its previous and year ago quarters, at least in local currency, but its mid-range was weak – implying its high-end Virtual Storage Platform (VSP) arrays did the business, says an analyst. Hitachi owns HDS, which sells Hitachi storage in every territory …
Chris Mellor, 09 Feb 2015

Microsoft BEATS Apple, Google ... to accepting limited Bitcoin payments

Microsoft has quietly added Bitcoin as a payment method for digital content - games and music - thanks to a deal with Bitpay that allows customers to use the cryptocurrency to add money to their MS account. Trouble is, the synthetic dosh still can't be used to pay for physical goods directly, and initially at least, it's Bitcoin …
Lindsay Dodgson, 11 Dec 2014
Sydney Harbour Bridge in the cloud

Microsoft to HIKE Azure prices as exchange rates shift

Update Over the last few years, Google, Amazon Web Services and Microsoft have all announced price cut after price cut, but Redmond is about to increase prices for its Azure cloud. A Microsoft spokesperson told us the company “... continues to evaluate the market conditions in the countries in which we operate. As a result, we will …
Simon Sharwood, 06 Jul 2015
Bitcoin bloodbath

Hackers pilfer $5 MEELLION in BTC from Bitstamp

Criminals have made off with a whopping US$5 million after raiding bitcoin exchange Bitstamp. The attack, in the early hours of Monday, pilfered the site's online operation wallets used for rapid currency exchange. Administrators called police and moved to assure customers their bitcoins would be refunded provided they did not …
Darren Pauli, 07 Jan 2015

DEA agent slugged a MEELLION dollars for Silk Road snipe

Carl Mark Force, the Drug Enforcement Agency officer who in June took a plea bargain for misconduct during the Silk Road investigation, will lose a bunch of currency, both real and virtual. In a preliminary judgement filed on July 9, US District Judge Richard Seeborg has ordered that Force relinquish around 687 BitCoin held in …

God bless Brit biz spending, gushes Computacenter

In spite of a currency headwind and economic fragility on the continent, Computacenter exited calendar 2014 with an ever so slightly swollen top line, aided by a UK sales bounce in product reselling and tech services. According to a trading update, the London-based outfit closed off the year on a high, with group turnover up …
Paul Kunert, 21 Jan 2015
Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini

Symantec: Look at our Q4 numbers ... no, not those ones

The road to separation continues to be anything but smooth for Symantec’s security operation, particularly on the consumer front, as it again suffered from sales shrinkage, unlike the breakaway storage biz. In the last set of full year numbers from the firm, sales fell three per cent to $6.5bn, including a four per cent slip in …
Paul Kunert, 15 May 2015
data centre

Avnet TS boss: restructuring over, no more navel gazing for us

Without the distractions of the internal restructuring Avnet Technology Solutions is making hay while the sun shines on its European customers, the global president reckons. The enterprise tech distie reported a total sales decline of 1.3 per cent on a year ago in actual terms to $2.5bn for the fiscal ’15 third quarter ended 28 …
Paul Kunert, 24 Apr 2015

Latest Gartner wololo: Win Server 2003 refresh might be off the cards

Price hikes caused by the robust dollar could result in European server customers deferring purchases for at least the first half of this year, potentially translating into another period of stagnating revenues. With Microsoft ending support for Windows Server 2003 and Intel refreshing Xeon – which made vendors respond with …
Paul Kunert, 16 Mar 2015

Buying PCs, any boxes, servers, software? Based in UK? ACT NOW

Procurement professionals of Britain must get ready for blanket price hikes of up to 10 per cent as rising component costs get passed down the supply chain by tech makers. A bunch of vendors confirmed the cost on the box – whether it be PCs, servers or networking gear – is set to rise on the back of a surge in the value of the …
Paul Kunert, 02 Feb 2015
Samsung Galaxy S6

The sad song Samsung's sung: SEVENTH quarterly fail in a row

Samsung has warned the market that it's going to miss its previous earnings guidance for the April-June quarter. It will be the Korean goliath's seventh successive quarter of decline in year-on-year terms. The original guidance of 7.2 trillion won (US$6.38 billion) has been downgraded to a forecast 6.9 terawon ($6.13 billion …
Bitcoins

UK.gov mulls what to do about digital currencies

The government has opened a consultation examining the benefits and risks of digital currencies, which will include evidence on whether the virtual currencies ought to be regulated. An estimated 20,000 people in the UK currently hold cryptocurrency Bitcoin – and around £60m worth are circulating in the UK economy, said The …
Kat Hall, 04 Nov 2014
Graph of US dollar going up CC 2.0 https://www.flickr.com/photos/68751915@N05/ 401kcalculator.org.

Surging dollar value brightens Tech Data’s European revenues

The unfavourable forex rate leaving US vendors with a damp patch on their financial results in Europe ironically might have helped Tech Data in its opening quarter of fiscal 2016. The world’s second largest tech distie reported sales of $5.8bn for Q1 ended 30 April, down 12 per cent year-on-year, but better than Wall Street …
Paul Kunert, 29 May 2015
Red Hat

Wall Street tips fedora to Red Hat: Sales up, profit flat, everybody dance

Red Hat's shares are on the up after the Linux distro maker beat Wall Street's expectations in its fourth financial quarter, ended February 28. The North Carolina biz reported revenues up 16 per cent during the three-month period, compared to the same period the year before, and up 17 per cent for the whole year, even accounting …
Iain Thomson, 26 Mar 2015