May 17, 2020

Bitcoin continues to soar as it hits new heights

Callum Rivett
2 min
Bitcoin has boomed since 2010
Bitcoin has reached new heights as Japanese airline Peach has announced that it will begin to accept the cryptocurrency as official payment.

The curren...

Bitcoin has reached new heights as Japanese airline Peach has announced that it will begin to accept the cryptocurrency as official payment.

The currency hit $2,100 for the first time on Monday, and is now trading 5.2% up at $2,130.69 per coin - making gains of some 125% this year alone. 

A weakened dollar has helped bitcoin to grow even further, whilst the fact that the cryptocurrency has been the fastest growing currency in six of the last seven years shows that it will continue to boom. 

Bitcoin's market cap now stands at $35.9bn, after making gains in 24 of the last 27 sessions and becoming a legal payment method in Japan, with Russia thought to be close behind in legalising the internet currency. 

This all won't go down well for IT technician James Howells, who accidentally threw away an old Dell hard drive which was home to 7,500 bitcoins back in 2013 when they had a total value of around $650,000 - now they stand at about $15,980,175. The hard drive is currently buried somewhere in a Docksway landfill site in Wales, if you fancy a look...

As well as this, Laszlo Hanyecz spent 10,000 bitcoins on two pizzas back in 2010, which set him back $25 in the short term - but around $17m in the long term as the value soared. It was, however, the first purchase of a tangible object with bitcoins.

Kristoffer Koch will be celebrating more enthusiastically than most, having forgotten his $28 purchase of bitcoins that he made back in 2014. When he remembered, his bitcoins were worth about $500,000.

However, the value of bitcoins is rising so rapidly due to a finite supply, with the cryptocurrency predicted to be all mined out by 2021. Not all bitcoins have been used, though - most have gone untouched and forgotten about (much like Koch's) since they were acquired. 



Share article

Jun 15, 2021

Searching for the Top 100 Leaders in Technology

2 min
Have your say and nominate technology industry influencers and legends in our search for the Top 100 Leaders announced at upcoming LIVE event

The search is on for the Top 100 Leaders in Technology 2021 – nominated by readers of Technology magazine and open to all.

The initiative has been launched and nominations are now open, with the final, prestigious Top 100 due to be announced during Technology and AI LIVE running 14-16 September, beamed from London to the world.

This latest, definitive list of the leading executives and influencers in the industry will be announced at the event and shared across social media channels, this website, and presented in a special supplement that honours all of those named in our annual list.

The Top 100 Leaders follows on from the well-received Top 100 Women in Technology that BizClik Media Group (BMG) – publishers of Technology magazine, AI magazine and a growing portfolio of industry-leading titles – produced in March this year to coincide with International Women’s Day. 

“The Top 100 Women recognised the incredible and influential women driving our industry,” says Scott Birch, editorial director, BMG. “The success of that initiative encouraged us to recognise the Top 100 Leaders – individuals championing everything that we love about technology and embracing best practice that’s good for business.”

Nominations are already coming in, with some notable highlights including:

Rhonda Vetere - Herbalife

Bryan Smith - Expedient

Nominate your Top 100 Leader HERE

The deadline for nominations closes on Sunday 1 August 2021, and it is free to nominate. The Top 100 Leaders will be announced across our platforms and at the LIVE event.


Share article