Search Results for: crypto currency
Virtual currencies spark real concern about national security threat
July 31st, 2018
U.S. government officials are increasingly worried about the potential national security threat posed by the rise of cryptocurrencies. In the past week, the Department of Justice, congressional lawmakers and even Federal Reserve Chairman Jerome Powell have voiced concern about ...
Valuing Gold In A World Awash With Dollars
July 27th, 2018
Summary In this article I point to the pressures on the Fed to moderate monetary policy, but that will only affect the timing of the next cyclical credit crisis. That is going to happen anyway, triggered by the Fed ...
Bitcoin mining company declares itself largest miner by capacity
July 20th, 2018
The virtual currency’s price grew 16% to $7,400 in a week, as the US Congress prepares to examine whether cryptocurrencies constitute money. Hut 8, a Bitcoin mining company out of Toronto, Canada, announced this week that it has finished ...
Billionaire Marc Lasry sees bitcoin reaching up to $40,000
July 19th, 2018
The price of bitcoin could reach up to $40,000 as it becomes more accepted and easier to trade, billionaire investor Marc Lasry told CNBC on Wednesday. “As it gets more into the mainstream, and as more markets end up ...
US seeks record $75m. from marketer for steering victims to Israeli binary scams
July 19th, 2018
While Israeli law enforcement continues to ignore the country’s robust online fraud sector, the United States government has asked a Florida court to impose some $75 million in fines and penalties against a single alleged US-based binary options fraudster. ...
Investor bets $6.3 million on bitcoin to beat Berkshire Hathaway
July 13th, 2018
A “well-known cryptocurrency expert” has asked for a bet with Berkshire Hathaway that the price of a bitcoin will top the notorious crypto skeptic’s share price by 2023. Bitcoin bet: 5 years, $1.2 billion Announcing the pending deal on ...
Irrational Beliefs Are Ruling Markets
July 4th, 2018
To understand the consequences of the credit cycle, we must dismiss pure opinion, and examine the evidence rationally. This article assesses the fate of the dollar on the next credit crisis, a subject of increasing topicality. It concludes ...
Bitcoin will reach $50,000 by end of year, says founder of bitcoin exchange
July 2nd, 2018
Despite the recent bloodbath in cryptocurrencies, Bitcoin bull Arthur Hayes said the popular digital coin will reach $50,000 by the end of the year. Bitcoin’s price has been on a wild roller coaster with investors, but “something that goes ...
Central bankers claim bitcoin could break the internet
June 21st, 2018
Who’s right about bitcoin: the Bank of International Settlements (BIS) or cryptocurrency advocates? The Bank of International Settlements on Sunday said bitcoin is “a poor substitute for the solid institutional backing of money.” Critics in the crypto world say ...
South Korean Supreme Court rules Bitcoin is an asset
June 6th, 2018
South Korean Supreme Court just ruled that bitcoin is a legally recognizable asset. The landmark ruling occurred on May 30, 2018, and it overturns a decision made by one of the country’s lower courts in a case dating back ...
