Shapeshift CEO Defeats Peter Schiff in Bitcoin Debate

“Bitcoin, or a similar form of cryptocurrency, will eventually replace governments’ fiat money as the preferred medium of exchange” was the resolution for a rollicking debate between Shapeshift CEO Erik Voorhees (affirmative) and Euro Pacific Capital Inc CEO Peter Schiff, prominent cryptocurrency skeptic (negative). In a victory for the crypto community at large, Mr. Voorhees … Read more

Will Cryptocurrencies Replace Gold?

The value surge of Bitcoin in 2017 has piqued the interest of the financial community and raised the question as to whether cryptocurrencies will replace gold as the dominant safe haven investment. Mad Money host Jim Cramer argues digital tokens will not be replacing gold as a repository of value in the foreseeable future. Along … Read more

Bitcoin Is Now Accepted at a 550-Year-Old Istanbul Market

Earlier this week, a member of an online Bitcoin community revealed that a 550-year-old market in Istanbul contains merchants accepting Bitcoin. The photograph which the individual posted featured a big Bitcoin logo in a crowded part of the market that is widely acknowledged as a popular tourist destination. Positive Sign Located inside the market at … Read more

Venezuela’s President Launches Crypto Funded Youth Bank, Encourages Mining Farms

State news agency Telesur reports Venezuela president Nicolás Maduro has announced formation of a youth bank funded by the country’s recently launched cryptocurrency, the Petro. Mr. Maduro also took the opportunity to urge countrymen to continue mining its state-backed digital money, including creation of mining farms. Also read: Only 1% of Business CIOs are Actually … Read more