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Bitcoin prices back in 2013 touched a high of $1,236 per BTC on December 4, and following that spike the price dropped for more than a year, all the way to $225 per coin on June 1, 2015. Last year in 2017 the price of BTC ran up higher, but this time reached $19,600 per … Read more
Hayden Otto has taken his enthusiasm for bitcoin as a form of currency and peer-to-peer electronic cash to new levels. He’s gone from a curious admirer to full on defender, in fact, producing two compelling videos. They’re both slick, a little tongue-in-cheek, and smuggle-in some education and history without hitting viewers over the head. His … Read more
The Mt. Gox Creditor (mtgoxcreditor) posted Commencement of Civil Rehabilitation Proceedings of Mt. Gox today, indicating a victory for creditors long wondering if an attempt would be made at making them financially whole. The Tokyo District Court ordered commencement of civil rehabilitation proceedings, and as such “enormous assets, which were to be distributed to Mt. … Read more
Unnamed sources suggest popular free crypto and stock trading application (app), Robinhood, is negotiating with US regulators about prospects for it becoming a bank, complete with traditional services such as savings accounts. It’s still early going, and very preliminary, but such an arrangement could well be the future of banking. Also read: Bitcoin More Influential … Read more
What is a proud college dropout, world traveler, Ayn Rand devotee, and son of an international arms dealer doing artfully, doggedly defending bitcoin as a form of cash? Not even out of his 20s, Derek Magill is many times wiser than his chronological age lets on. In fact, he’s arguably the most important apologist around … Read more
Solar Alliance announced Star Trek icon, actor William Shatner, as their celebrity spokesperson for the startup using the sun’s energy to power bitcoin mining. This isn’t Mr. Shatner’s first encounter with cryptocurrency, and even still he readily admits not understanding what it is he’s shilling. Also read: Crypto and Virtual Reality Meet in Ken Liu’s … Read more
As an emerging asset class, cryptocurrency and blockchain technology related investments are gaining begrudging respect among finance professionals. Market slides aside for the moment, a study released by Grayscale Investments attempts to make the case investors should seriously consider adding crypto to their respective portfolios, as they bring better returns and, counterintuitively, reduce risk and … Read more
Bitcoin Mercantile Exchange (Bitmex) released proprietary research reportedly geared toward their VIPs. Researchers find bitcoin core’s (BTC) deflationary aspects interesting for speculation and as a “payment system,” but predict it will ultimately not usurp government paper, describing the BTC phenomenon as simply a “useful niche,” and those who “think Bitcoin would result in a more … Read more
A foundational crypto ecosystem website, Bitcoin.org, promoted its new look this week. Designed to be more enticing and up-to-date, the site’s changes involve more than just cosmetics and graphics. For example, it has removed references to incredibly popular resources such as Coinbase, Blockchain.com, and Bitpay. Also read: Russian Farming Village: Local Crypto, Bitcoin Reserves, … Read more
Leading crypto research firm, Chainalysis, revealed staggering wealth transfer numbers, as reported by legacy news outlet Financial Times, concerning bitcoin core (BTC). From its price high in December of last year through April of 2018, BTC hodlers (supposed longer term investors) dumped $30 billion onto the market, shedding about half their collective positions just in … Read more
