Bitcoin hogged the headlines after the virtual currency, which is not traded on world markets, smashed its way to historic peaks. At the start of the year, the currency was valued at $1,000 (U.S.) per coin; it’s now worth more than $11,000 (U.S.) per coin. In a research paper released by the central bank Thursday,… Read more »
Posts Categorized: bitcoin
Bitcoin Mining Now Consuming More Electricity Than 159 Countries
Bitcoin’s ongoing meteoric price rise has received the bulk of recent press attention with a lot of discussion around whether or not it’s a bubble waiting to burst. However, most the coverage has missed out one of the more interesting and unintended consequences of this price increase. That is the surge in global electricity consumption… Read more »
What exactly is an ICO?
In simple terms, an initial coin offering is an unregulated means to raise funds for a new crypto-currency business. It allows investors to buy newly created tokens – known as coins – issued by a venture in return for more established virtual currencies, such as bitcoins or ethereum. It is often compared to an IPO… Read more »
Deciding when to pay up: How to respond to hackers in ransomware attack
Cambrian College in Sudbury, Ont., has managed to regain control of most of its computer system after hackers infected the network last Thursday with a virus, and demanded electronic money in the form of 30 bitcoins, which is equivalent to approximately $54,000. Although the administration claims it has not given in to the ransom demands… Read more »
Banking On The Blockchain
Ever since Bitcoin was introduced in late 2008, the blockchain code that underpins the cryptocurrency has been the source of hope and fear—and much hype. In theory, agile startups could create software built on blockchain protocols with the hope of providing a safer, faster, cheaper and more transparent alternative to traditional financial intermediaries, such as… Read more »
Hackers hit San Francisco transport systems
San Francisco’s transport agency has been hit by a hack attack that led to customers being able to travel for nothing. The hackers have made a ransom demand of 100 Bitcoin, which amounts to about $70,000 (£56,000 ; €66,000). As a precaution, staff shut off all ticketing machines on the network. Source: BBC Technology News Date: November 29th,… Read more »
How I caught my online scammer – and Facebooked his mum
A cybersecurity researcher living in Austria who was scammed out of $500 says his money was returned after he tracked down the scammer’s family and contacted them on Facebook. Source: BBC Technology Date: September 14th, 2016 Link: http://www.bbc.com/news/technology-37348014 Discussion 1) “He had decided to accept payment in the digital currency as he thought it would be less of… Read more »
How The Technology Behind Bitcoin Is Going To Change The Lives Of The Bottom Billion
Description: The blockchain is coming—and it’s going to create huge benefits for the world’s poorest people, from financial access to property rights to controlling their identities. Source: Fast Co. Exist Date: March 15, 2016 Perhaps it’s hard to imagine bitcoin making the world a better place. The price has shuffled around a lot, invoking something more… Read more »
Leading Titles
Introduction to Information Systems, 3rd Canadian Binder Ready Version Update Edition
R. Kelly Rainer, Casey G. Cegielski, Ingrid Splettstoesser-Hogeterp, Cristobal Sanchez-Rodriguez
ISBN: 978-1-119-13385-8
August 2015, © 2016
CDN $98.95; CDN $114.95