Copy - Just how secure is bitcoin?
Brief
Bitcoin has enjoyed a startling rise in value since it first appeared in 2009. Then it was valued at $0.5cents. It hit a high of just above $18,000 per coin in December 2017, but it is highly volatile and fell by more than $4,000 in one week. Supporters argue bitcoin is a transformative technology that allows money to be transferred without costs between borders. The technology that underpins it, blockchain, makes transactions easy to trace, so decreasing the risks of theft, while avoiding the need for a central banking authority, they say. But is it time for global markets watchdogs to ask how safe such virtual money is? Because despite many positives, the risks are many, and include regulatory shortcomings and cyber fraud. Some experts warn they could even trigger a global financial crisis
Madinat Theatre
January 24, 2023 -
11:00 - 12:30
