BitCoin · Cryptocurrency · Economy · News

Crypto Currencies Crumble: Burst Of Physical Precious Metal Buying

The plotline of the recently-aired season finale of the fifth season of Silicon Valley eerily came to life this past week when nearly $20 million worth of cryptocurrency was stolen from online exchanges. Crypto-mining thieves reportedly took over the digital currency platforms and proceeded to claw whatever they could from user accounts, capturing tens of… Continue reading Crypto Currencies Crumble: Burst Of Physical Precious Metal Buying

BitCoin · Cryptocurrency · News

Bitcoin Bloodbath Thursday: Price Nosedives As $53 Billion In Profit Taking Wiped Off Crypto Market Cap

Bitcoin prices suffered a meltdown Thursday after bottoming out at $7,676 before recovering somewhat. In a sell-off that kicked into high gear yesterday, the market capitalization of the entire cryptocurrency market lost a whopping $53 billion in value. The market cap of all the world's virtual currencies totaled $319.9 billion as of this writing, down from $372.9 billion… Continue reading Bitcoin Bloodbath Thursday: Price Nosedives As $53 Billion In Profit Taking Wiped Off Crypto Market Cap

BitCoin · Cryptocurrency · News · Ponzi Scheme

Nearly Half Of All Cryptocurrency ICOs Have Already Tanked

The collapse of cryptocurrency is continuing apace and yet there are still far too many people who continue to believe it really has a future. In recent days the U.S. Securities and Exchange Commission made a major move against cryptocurrency firms, issuing dozens of subpoenas — perhaps topping 100, some groups estimate — to companies… Continue reading Nearly Half Of All Cryptocurrency ICOs Have Already Tanked

BitCoin · Cryptocurrency · Japan

Japan Shuts Down Cryptocurrency Exchanges Following $530 Million Dollar Cyber Heist

Japan suspended trading on two cryptocurrencies on Thursday, following a reported $530 million cyber heist at Coincheck, one of the country’s largest crypto platforms, in January. The country’s Financial Services Agency (FSA) have ordered Bitstation and FSHO to suspend business for at least a month, Reuters reports, after finding that Bitstation’s executive previously used customer… Continue reading Japan Shuts Down Cryptocurrency Exchanges Following $530 Million Dollar Cyber Heist

BitCoin · Cryptocurrency · Currency · Debt · Economy

Blockchain’s Only Application After 10 Years Has Been A Bitcoin Pyramid Scam

https://youtu.be/V2lwyuSrCg4 Bitcoin is the “biggest bubble in human history” and is coming down “crashing”, Nouriel Roubini, the chairman of Roubini Macro Associates has warned. Bitcoin plummeted to a two month low of $7,695.10 on Friday, according to CoinDesk.com. The cryptocurrency fell 4.72 percent to $8,625.50 at 14:57 in London. Speaking to Bloomberg, Roubini said: “I say… Continue reading Blockchain’s Only Application After 10 Years Has Been A Bitcoin Pyramid Scam

BitCoin · Cryptocurrency · Currency

Bitcoin Price Dives Below $11,000 As Profiteering Deepens: Synchronized Cryptocurrency Market Crashes By $165 Billion

Bitcoin's value plunged on Tuesday, falling to $11,300—the lowest value the virtual currency has seen in 2018. Bitcoin's value is down more than 20 percent over the last 24 hours, and down 42 percent from December's all-time high of around $19,500. Top 11 Countries Which Have Banned Bitcoin Nobel Laureate Economist Joseph Stiglitz Says Bitcoin Doesn’t… Continue reading Bitcoin Price Dives Below $11,000 As Profiteering Deepens: Synchronized Cryptocurrency Market Crashes By $165 Billion

BitCoin · Cryptocurrency · LIBOR

Wall Street Is About To Rip Bitcoin To Shreds

Is there a future for Bitcoin? Not if Wall Street has anything to say about it. YouTuber Gregory Mannarino announced on Sunday that a futures exchange has now been set up for investors to speculate on the future price of Bitcoin – and according to Mannarino, this means that Wall Street could be planning to… Continue reading Wall Street Is About To Rip Bitcoin To Shreds

BitCoin · Cryptocurrency · Currency · Debt · Dollar · Economy

Bitcoin Futures Plunge – Fiat Crypto-Space Crumbles: Gold Buying Increases

The day's slide started around 9amET, when a burst of gold buying appears to have reset the correlation between XAU and BTC: Just a few hours later, Bitcoin is back below $16,000. [Who in the world can afford 1 Bitcoin ~ The US Middle Class? Think Again!] Nobel Laureate Economist Joseph Stiglitz Says Bitcoin Doesn’t Serve… Continue reading Bitcoin Futures Plunge – Fiat Crypto-Space Crumbles: Gold Buying Increases

Barack Obama · BitCoin · Comex · Cryptocurrency · Currency · Debt · Economy · Gold · JP Morgan · Rothschild · Silver

Nobel Laureate Economist Joseph Stiglitz Says Bitcoin Doesn’t Serve Any Socially Useful Function

Bitcoin [Very Much Like Non Physical Silver Gold Fiat Paper Rigging Allowed At The Comex] is now operating in the realm of the Madoff Ponzi scheme: Plenty of people understand that it’s going to collapse because it is based on an unsustainable illusion. Plenty of people are warning regulators to not allow this illusion to… Continue reading Nobel Laureate Economist Joseph Stiglitz Says Bitcoin Doesn’t Serve Any Socially Useful Function

Bank · BitCoin · Cryptocurrency · Currency · Debt

5 Ways To Bet Against ‘Short’ Bitcoin

Looking to put [fiat] bitcoin’s rise in context? How about this: Over the last five years, the world’s most valuable digital currency has risen an astonishing 11,000,000%. Furthermore, since Jan. 1, it has climbed 950%, compared with a total return of 18% for the S&P 500. Given the torrid pace of bitcoin’s climb, one would… Continue reading 5 Ways To Bet Against ‘Short’ Bitcoin

BitCoin · Cryptocurrency

Bitcoin Zealots Suddenly Admit It Will Never Work As A Universal Payment System

The toils and troubles of Bitcoin continue but for some reason, the cryptocurrency’s cultists continue trying to reinvent — or, at a minimum reclassify — a fake monetary system whose value has no ties to anything tangible. Now, some want to rebrand Bitcoin as “digital gold” in another desperate attempt to keep it relevant. Digital… Continue reading Bitcoin Zealots Suddenly Admit It Will Never Work As A Universal Payment System

BitCoin · Cryptocurrency · JP Morgan · SDR

Top 11 Countries Which Have Banned Bitcoin

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… Continue reading Top 11 Countries Which Have Banned Bitcoin

Bank · BitCoin · China · Cryptocurrency · Currency · Debt · Gold · Russia · SDR · Silver · South Korea

Rigging Of The Block Chain ~ $300 Million Vanishes With A Click: U.S. Bitcoin Becoming More Isolated

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… Continue reading Rigging Of The Block Chain ~ $300 Million Vanishes With A Click: U.S. Bitcoin Becoming More Isolated

Bank · BitCoin · Cryptocurrency · Currency · Debt · SDR

Billionaire Hedge Fund Pioneer Ray Dalio: Bitcoin Is A Bubble, Not A Currency…Not A Store Of Value

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… Continue reading Billionaire Hedge Fund Pioneer Ray Dalio: Bitcoin Is A Bubble, Not A Currency…Not A Store Of Value

BitCoin · Cryptocurrency · Currency

Bitcoin Digits Coming Under Strict Regulation In Australia: Getting Off The Ship While You Still Can

Australia is moving toward regulating cryptocurrencies like Bitcoin and Ethereum under new anti-money laundering legislation. According to the Australian Broadcasting Corporation (ABC), Parliament will vote on the measure this week. If it passes, it will place Bitcoin and other cryptos under the auspices of Australia’s financial regulatory agency. If the new laws are passed, the financial… Continue reading Bitcoin Digits Coming Under Strict Regulation In Australia: Getting Off The Ship While You Still Can