Countries around the world have a wide ranging view of the digital currency bitcoin or a “virtual currency.” Western superpowers like the United States and United Kingdom have shown a positive attitude towards the new technology. Some countries like Canada and Australia are still deliberating on what to do about Bitcoin, legally. And the many…
Bitcoin’s meteoric rise [JP Morgan Involved] in price has been accompanied by a predictably parallel rise in the contorted lunacy we seem to witness in every irrational bubble, no matter what its origin. The Bitcoin bubble delusion has become so convincing to some people that they now believe Bitcoin is the “new gold” or “better…
Yet another financial expert is sounding the alarm on what he believes to be a widespread misconception about the nature of Bitcoin. The popular cryptocurrency, Bridgewater Associates founder Ray Dalio stated during a recent interview on CNBC, isn’t stable, nor is it actually worth the amount of money at which it is currently valued. Like…
Recently, Jamie Dimon of Citibank made headlines by labeling Bitcoin a fraud. Whether those comments played any part in Bitcoin’s recent sell off is hard to say, but the true believers reacted with predictable outrage given that the comments came from the ultimate Wall Street insider whose financial supremacy is supposedly threatened by crypto currencies…
Financial Time Period 2008-2017 – China officially imported over 1,500 tons in 2013 with some estimates as high as 2,200 tons. This is in addition to the 400 tons they produce annually which is never leaving the Mainland. – China has now declared that its citizens are privately holding more than 6,000 tons of Gold…
ANOSINO, September 25. /TASS/. The draft law on regulation of cryptocurrencies will be ready in October, according to Head of the State Duma for the Financial Market Committee Anatoly Aksakov. “I think we will determine it within a month. I think in October, and then we will discuss it before submitting it,” Aksakov said. Experts…
