The socialist regime once cracked down on bitcoin miners. Now it’s mining the digital asset itself. From a report: At a military base outside Caracas, Venezuela, state video footage shows officers in green fatigues cut a blue ribbon donned with a cluster of glossy balloons. Then, the men pry open the doors of a narrow, dimly-lit bunker. But the balloons weren’t…
Tag: Bitcoin
Bitcoin Hits New Record, This Time With Less Talk of a Bubble
Bitcoin is back. Again. From a report: Nearly three years after it went on a hair-bending rise and hit a peak of $19,783, the price of a single Bitcoin rose above that for the first time on Monday, according to the data and news provider CoinDesk. The cryptocurrency has soared since March, after sinking below $4,000 at the outset of the…
Bloomberg Columnist: Bitcoin is Part of a Real Monetary Revolution
In an eloquent essay, Scottish-American historian Niall Ferguson argues that “We are living through a monetary revolution so multifaceted that few of us comprehend its full extent.” The technological transformation of the internet is driving this revolution. The pandemic of 2020 has accelerated it… Covid-19 has been good for Bitcoin and for cryptocurrency generally. First, the pandemic accelerated our advance into…
Bitcoin at $100,000 in 2021? Outrageous To Some, a No-Brainer for Backers
Bitcoin investors, which include top hedge funds and money managers, are betting the virtual currency could more than quintuple to as high as $100,000 in a year. From a report: It’s a wager that has drawn eye-rolls from skeptics who believe the volatile cryptocurrency is a speculative asset rather than a store of value like gold. Since January, bitcoin has gained…
New Research Suggests Satoshi Nakamoto Lived In London While Working On Bitcoin.
An anonymous reader shares a report: Satoshi didn’t leave much behind when he decided to leave the scene for good back in April, 2011. But, he did leave enough for us to conduct a thorough research into his whereabouts when he was working on Bitcoin. To conduct this research, we gathered data from the following:
Satoshi’s Bitcointalk account (539 available posts)
His 34…
Is Bitcoin’s Growth Driven By Speculative Investors?
“Bitcoin is now trading near $18,000, up almost 100% in six months,” notes Bloomberg columnist Lionel Laurent, “and it’s flirting with an all-time high reached in 2017 (which, given it was followed by an ugly crash, faithful Bitcoiners would rather forget)…” . But what exacty does that mean? He challenges the notion that Bitcoin is the new wealth-protecting investment like gold,…
The Few, the Tired, the Open Source Coders
Reader shanen shares a report (and offers this commentary): When the open source concept emerged in the ’90s, it was conceived as a bold new form of communal labor: digital barn raisings. If you made your code open source, dozens or even hundreds of programmers would chip in to improve it. Many hands would make light work. Everyone would feel ownership….
SoftBank CEO Says He Doesn’t Understand Bitcoin, and Watching the Price Fluctuate Was ‘Distracting My Focus On My Own Business’
An anonymous reader quotes a report from Business Insider: Softbank CEO Masayoshi Son said that he “doesn’t understand” bitcoin, and that he spent a good chunk of his time tracking its movement while invested in the cryptocurrency. Son, who made the remarks at The New York Times DealBook conference, said he was told by a friend to invest “1% of his…
Bitcoin Is Gunning for a Record and No One Is Talking About It
Three years ago, Bitcoin’s historic surge dominated Thanksgiving dinner conversations. This year, the cryptocurrency is in the midst of another notable rally and yet almost no one’s talking about it. From a report: How fevered has Bitcoin’s latest leg higher been? With the coin trading around $16,300, it’s been more expensive in only eight other instances in the past decade, Bloomberg…
PayPal Now Lets All US Users Buy, Sell and Hold Cryptocurrency
It was teased last month, and now it’s official: PayPal is bringing its newly-announced support for cryptocurrency to all US accounts. Engadget reports: PayPal says all eligible users can start buying, selling and holding bitcoin, litecoin, ethereum and bitcoin cash. Beginning next year, PayPal also plans to bring cryptocurrency into Venmo and will allow users to pay merchants with their cryptocurrency…