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…
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…
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…
Fiat Bitcoin Centralizers Decided To Do Another Fiat Hard Fork For You On October 25, 2017 Bitcoin’s growing pains continue, it seems. Throughout the year and leading up to the summer, investors, developers, and miners [The Elite Centralizers] engaged in a difficult and at times tense debate about how to scale the cryptocurrency to accommodate the…
SOCHI, October 17. /TASS/. Russia’s Economic Development Minister Maxim Oreshkin compared investment in bitcoin with gambling and stressed that in case with crypto currency there are more risks. He voiced his opinion speaking at the International Festival of Youth and Students in Sochi. “As for bitcoin: if you look at how the value of this…
Bitcoin’s growing pains continue, it seems. Throughout the year and leading up to the summer, investors, developers, and miners [The Elite Centralizers] engaged in a difficult and at times tense debate about how to scale the cryptocurrency to accommodate the growing customer base and transaction volume. The result was the adoption of new protocols which…
With one foot out of the door of Germany’s finance ministry, the former head of the German economy, Wolfgang Schäuble, 75, delivered a fire and brimstone warning over the weekend, telling the FT in an interview that there was a danger of “new bubbles” forming due to the trillions of dollars that central banks have pumped into…
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…
