Welcome to the 48th SHARE TALK’s CONKERS’ CORNER recorded on 11th June 2017. In this interview, I have the pleasure of speaking with business man, entrepreneur, thought leader, speaker, author, CEO & Co-Founder of Inzsure.com @TunstallAsc Steve Tunstall.
A beginners’s guide to Ethereum
Earlier this week, CNBC, one of the few mainstream media outlets that have been offering extensive coverage on Bitcoin over the past few months, revealed that $100 worth of Bitcoin purchased in 2010 is now worth $75 mln.
As analysts predict Bitcoin’s price anywhere from $1,470 to $6,000 in days, Business Insider CEO told CNBC the virtual currency “has no intrinsic value.”
IMAGE: BOB AL-GREENE/MASHABLE
A little over two months ago, Bitcoin achieved a symbolic milestone: After an intensive period of growth, the price of one Bitcoin surpassed the price of an ounce of gold.
BITCOIN’S RECORD YEAR IS JUST A PART OF THE BIG STORY
The Chart of the Week is a weekly Visual Capitalist feature on Fridays.
Bitcoin is the original cryptocurrency, and its meteoric rise has made it a mainstay of conversation for investors, media, and technologists alike.
In fact, the innovation of the blockchain is changing entire markets, while causing ripples with central banks and the financial industry. At time of publication, the bitcoin price now hovers near US$2,200, a massive increase from this time last year.
Bitcoin boom: The online-currency is trading at £2,050 for one bitcoin – up 180% in a year
Incredibly, according to Reuters those who bought $100 (£77) of bitcoin at the 0.003 cent price on May 22, 2010, would now be sitting on more than $73million (£56million).
Created in 2009, bitcoin is a type of virtual currency that is free from government interference and can be shared instantly online.
Modern technology enables stock markets to be faster and more complex than ever.
But while the speed of order executions are infinitely more impressive across the board, the conceptual backbone behind the stock market itself hasn’t changed much. In fact, the model we use today for settling trades and ensuring proper share ownership is still based on the one initially created in the 17th Century.
At the beginning of the year, the UK Government’s Office for Science released a paper entitled ‘Distributed Ledger Technology: beyond blockchain.’
For many who heard the government’s chief scientist, Sir Mark Walport, discussing the report on BBC’s Radio Four, it might have felt liked they’d banged their heads and woken up a few years later to when a technology called blockchain was being adopted so widely that even the government were paying attention to it. But in reality this is still a relatively new technology that most people haven’t even heard of, yet right now the government, regulators and institutions want a look in.