Articles about Currency

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 …

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
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
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
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
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
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
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
£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

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
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

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

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

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
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
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
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

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

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
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

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
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
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
Riecoin

Cryptocurrency cruncher cranks prime number constellation

Bitcoin mining, our own Simon Rockman wrote last January, “is essentially a brute-force attack on the generating algorithm”. “Bitcoin, and all the other alt-coins, is training a skillset for building password-cracking hardware that is both powerful and portable,” he wrote. It looks like cryptocurrencies are also helping to spot …
Simon Sharwood, 28 Nov 2014
The actor playing a young Julian Assange in the telemovie Underground

I saved Bitcoin and the PERFECT DRAFT OF HISTORY, says Assange

Julian Assange has alleged that Bitcoin “founder” Satoshi Nakamoto asked WikiLeaks not to use the cryptocurrency as a means of raising funds, for fear of attracting unwanted attention. The allegation surfaced in a Reddit Ask Me Anything (AMA) session Assange conducted to promote a new book. In that session he offers this extract …
Simon Sharwood, 16 Sep 2014
Bitcoins

Do you accept Bitcoin? That'll do nicely, says Apache

Open-source project shop the Apache Software Foundation (ASF) is now funding its projects with Bitcoins. The US-based non-profit says it’s received 5.35915909 in BTC – just over $2,600 – in just 48 hours after saying it would accept the virtual currency. ASF says it decided to accept the e-coinage in response to an email …
Gavin Clarke, 03 Sep 2014

Europe drags, as Accenture posts steady growth

Outsourcing giant Accenture posted a yearly sales increase of five per cent to $7.5bn (£5bn) for its second quarter results, highlighting its "digital" investments as a reason for the consistent growth. However, its European revenue dropped by two per cent to $2.66bn (£1.8bn). The company singled out France, Germany, Spain and …
Kat Hall, 27 Mar 2015
Funny money from south of the river

BONK for CASH in Brixton and help us EAT the RICH

The Brixton Pound (B£), the private currency for denizens of the slightly more affordable bit of earth next to Clapham, is to adopt near field communications, or NFC, payments. The area – which has become so painfully fashionable the locals are fighting back against poshos buying all the houses – has had its own currency for …
Simon Rockman, 22 Dec 2014
Larry Ellison

Oracle in dollar bother – but Larry's in a fighting mood over cloudy future

Larry Ellison appears unbothered by Oracle's third-quarter revenues remaining flat at US$9.3bn, despite that sum disappointing financial analysts. Big Red revealed its recent results today, and GAAP net income for the three-month period ended February 28 was $2.5bn, down three per cent year on year, or 56 cents per share. …
Iain Thomson, 18 Mar 2015
Liam Neeson Taken

Ransomware crims drop Bitcoin faster than Google axes services

RSA 2015 The falling price of Bitcoin is forcing ransomware masterminds to convert the crypto-currency as soon as they can. Rather than holding on to their ill-gotten BTC, the crims are simply laundering the ransom money as soon as possible. "I've seen this discussion in underground forums among Russian criminals," Etay Maor, senior …
Iain Thomson, 24 Apr 2015

Ingram Micro: Damn you Europe for our ghastly margins

Weaker margins in Europe due to forex losses and cut-throat retail pricing was the only major blip in an otherwise decent end to the calendar 2014 for Ingram Micro. It was not a vintage year though. Sales in Q4 bounced 18 per cent to $13.95bn: Technology and Other Solutions grew ten per cent to $11.2bn and Mobility shot up 60 …
Paul Kunert, 27 Feb 2015
Bitcoins

Bitcoin exec gets two years over illegal Silk Road funny money trading

Former Bitcoin Foundation exec Charlie Shrem has been jailed for two years for his part in helping people illegally swap cash for bitcoins on black market site Silk Road. The virtual currency was the only form of payment accepted on the now-defunct online bazaar. In September 25-year-old Shrem pleaded guilty to charges of being …
Kat Hall, 22 Dec 2014
Baidu Logo

Baidu launches mobile browser, tosses currency into clouds

China’s search-and-plenty-more giant Baidu has flagged a $US1.6 billion cloud investment. The investment, announced with a minimum of detail by CFO Li Xinzhe, will go towards building data centres and hiring staff. The Chinese search firm also announced the launch of the Baidu Mobile Browser, which it says is designed to compete …
Dogecoin

Bitcoin was illegal in California? Whoops, governor fixes that 165-year-old money law

California Governor Jerry Brown has signed off on a law legitimizing Bitcoin and other cryptocurrencies for use in the state. The governor rubber-stamped AB 129, enacting what legislators say is a much-needed overhaul of the state codes on currencies. Under the new law, digital currencies and community currencies are protected …
Shaun Nichols, 01 Jul 2014
Unisys sets LinuxWorld alight

Unisys looks to ‘streamline’ as losses increase, sales fall

Losses at mainframe maker Unisys plunged deeper into the red in the company's first quarter of 2015, falling a further $10 million (£6.6 million) to $27.4 million (£18.1 million). First-quarter 2015 sales fell 5 per cent to $721 million (£476 million), when compared with the previous year. The company hopes to makes savings of …
Kat Hall, 24 Apr 2015

HP UK confirms second-in-command for PC and print biz

HP trawled the international job market and its own organisation to recruit Paul Boshoff, the latest person to run channel sales for the UK PC and printer operation. The job was left vacant some months back when HP waved bye to Damian Cusick, with sources telling us he grew the business but not at the rate forecasted by task …
Paul Kunert, 14 Apr 2015
Bitcoin bloodbath

Gendarmes grab French Bitcoin exchange in €200k sting

The operators of an illegal French Bitcoin exchange have been collared by the gendarmes and their Bitcoin holdings confiscated. A sketchy story out of Reuters says that the raid netted €200,000 worth of the crypto-currency, but doesn't outline what specific laws the exchange is accused of breaking. The Reuters story merely …
Bitcoin bloodbath

Bitcoin bloodbath as China shutters all trading sites

China’s central bank has ruled that all banks and payment service providers in the country must cease dealing in Bitcoin. The ruling, effective from April 15th, basically shutters all Bitcoin trading sites in the Middle Kingdom and means cash purchases will soon be the only way to buy into the virtual currency. The People’s …
Phil Muncaster, 28 Mar 2014
Bank vault

Bank of England could mint own brand of Bitcoin

The Bank of England (BoE) has issued a piece of research suggesting, among other things, that it may not be a bad idea for it and other central banks to issue digital currencies. The “One Bank Research Agenda Discussion Paper” is the BoE's attempt to kick-start new banking thinking. The paper therefore considers five themes, …
Simon Sharwood, 26 Feb 2015