Moscow and Beijing are going to crack down on bitcoin, resulting in the cryptocurrency’s collapse next year, predicts Saxo Bank. The bank is famous for its ‘outrageous’ predictions published each December. Saxo predicts that in 2018, bitcoin will surge to $60,000 with a market capitalization exceeding $1 trillion. After that, Russia and China will join […]
What’s Ripple & Why Is It Setting Cryptocurrency World on Fire?…
A relatively cheap digital currency called ripple used to be on the crypto market periphery. Ripple has made serious strides this week, having almost tripled in price in the last 48 hours and pushing litecoin aside by market cap value. The world’s fourth most valuable cryptocurrency was trading at 70 cents at 14:40 GMT on […]
Peak Monetary Goofiness: One Thousand People Own 40% of Bitcoin Market…
As in any asset class, large individual holders and large institutional holders can and do collude to manipulate price,’ Amen brother. That’s why we need regulators and oversight that is not ‘captured’ by those same very large institutions and wealthy political donors who are in such a good position to manipulate those markets. And they […]
All You Need to Know About Bitcoin’s Rise, From $0.01 to $11,000…
The initial price of bitcoin, set in 2010, was less than one cent. On Nov. 29, it crossed $11,000. Once seen as the province of nerds, libertarians and drug dealers, bitcoin today is drawing millions of dollars from hedge funds. The recent price surge may be a bubble. Or it could be a belated recognition […]
How to Explain Bitcoin to Your Parents…
New Gold-Backed Debit Card Launched in Partnership With MasterCard…
In recent years, there has been a major debate about the respective merits of gold versus Bitcoin, even though many, not all, gold bulls are also supporters of the latter. Gold advocates generally view favourably Bitcoin’s inherent characteristics of decentralisation, finite supply and ability to operate (so far) outside of the usual interference by western […]
Greek Court Approves U.S. Extradition of BTC-e Operator in $4B Money Laundering Scheme…
Governments Are Testing Their Own Cryptocurrencies…
The people of Sweden are breaking up with cash. The number of banknotes and coins in circulation has fallen to its lowest level in three decades. Riksbank, Sweden’s central bank, estimates that cash transactions made up only 15 percent of all retail transactions last year, down from 40 percent in 2010, thanks in large part […]
If Jamie Dimon Hates It So Much, Why Is JPMorgan Buying Bitcoin In Europe?…
Unless you have been living under a rock for the past week, you will be well aware of JPMorgan CEO Jamie Dimon’s panicked outburst with regard the ‘fraud’ that Bitcoin’s ‘tulip-like’ bubble is. To paraphrase: “It’s a fraud. It’s making stupid people, such as my daughter, feel like they’re geniuses. It’s going to get…
Bitcoin at Crossroads After Shedding Nearly $20B in Value…
Did Jamie Dimon obliterate bitcoin’s buzz? Bitcoin and other digital currencies have been getting absolutely toasted in recent trade, with some wondering if withering criticism from Wall Street heavyweights, like J.P. Morgan Chase’s JPM, +0.29% CEO, and growing regulatory scrutiny in China have finally combined…