Posts Tagged ‘bitcoin’

French High School Students Will Learn About Bitcoin And Crypto

Authored by Joeri Cant via, France is about to introduce an educational module to its high school curriculum that covers Bitcoin (BTC) and cryptocurrencies. image courtesy of CoinTelegraph In June, the French Ministry of National Education amended its study plan to incorporate the world’s largest cryptocurrency. French educators are expected to teach an introductory course that […]

What Bitcoin Can Teach Us

By George Gilder The great Austrian economist Friedrich Hayek said it best: “The root and source of all monetary evil is government control of money.” Ironically, most fully developed by free market economist Milton Freedman, monetarism has become the source and root of the current evils of the world economy–runaway debt, widespread stagnation and the […]

Cryptos Suddenly Collapse – Bitcoin Battered To 5-Month Lows

After failing to break through heavy resistance, Bitcoin has puked back below $8,000… Source: Bloomberg Plunging to $7450 – the lowest since May… Source: Bloomberg The entire crypro-space is a sea of red… Source: Coin360 This is actually the second puke of the day with Litecoin leading the drop… Source: Bloomberg As Cointelegraph reported, analysts believe […]

Cryptos Crash – Bitcoin Battered Back Below $8k

Crypto markets are a sea of red this morning… Source: Coin360 With both bitcoin and altcoins under sudden pressure (seemingly following US retail sales disappointment)… Source: Bloomberg And Bitcoin has broken back below $8,000… Source: Bloomberg “Bitcoin looking pretty ugly here,” popular Twitter trader Crypto Rand meanwhile added in further warnings on Wednesday, continuing:  “Not taking positions […]

5,200 Tobacco Shops In France Now Selling Bitcoin

Authored by Helen Partz via, French crypto startup Keplerk has relaunched its service to accept Bitcoin (BTC) payments in over 5,200 tobacco shops in France starting from Oct. 10. image courtesy of CoinTelegraph Service first launched in January After suspending the service in less than two months after launch in January, Keplerk says that its customers […]

Cryptos Surge After Launch Of First Bitcoin ETF

After years of rejection, the SEC is allowing a pair of firms to launch the first bitcoin ETF, WSJ reports. Two firms are preparing to market a bitcoin ETF, but with a critical stipulation: The product will only be eligible for purchase by brokers, banks, hedge funds and other “qualified institutional buyers.”  image courtesy of […]

The White House Just Blamed Bitcoin for America’s Opioid Crisis

By Graham Smith The opioid epidemic is the new devil Bitcoin is being blamed for inflaming, to be added to the already long list of heinous crimes crypto is supposedly responsible for, like terrorism, money laundering, and trafficking. While it’s painfully clear that the U.S. dollar is a much more common tool for these unethical […]

Mnuchin Bashes Bitcoin, Blasts Bezos For "Destroying" US Retail Industry

On an already busy Wednesday that featured not only a series of critical earnings reports but the long-awaited Congressional testimony of Special Counsel Robert Mueller, Treasury Secretary Steven Mnuchin returned to CNBC for the second time in a week to offer an update on trade talks with China. But his comments on China were hardly […]

Sorry, I Don’t Want to Pay for More Bombs: Bitcoin as a Hedge Against Funding War

By Graham Smith After nearly two decades of U.S.-led coalition bombs falling on the Middle East, peace in the region still has not been achieved. Now the United States is once again bolstering military forces, this time in Saudi Arabia. Meanwhile, taxpayers in multiple countries are being forced to pay for these ill-fated and unethical […]

Bitcoin Back Below $10,000 As Venezuela Sets New Crypto Volume Record

For the fourth time in a month, Bitcoin prices have tested back below the $10,000 Maginot Line this morning and the rest of cryptos are worse. A sea of red… Source: Coin360 Bitcoin is back below $10,000… But Litecoin leads the week’s losses… However, demand remains high elsewhere in the world, as CoinTelegraph’s William Suberg […]

Cryptos Suddenly Panic-Bid, Bitcoin Back Above $10k

Following further selling pressure overnight, someone (or more than one) has decided to buy-the-dip in cryptos this morning, sending Bitcoin (and most of the altcoins) soaring… Bitcoin surged back above $10,000… Ethereum bounced off support at its flash-crash lows… But Litecoin is outperforming on the day… As CoinTelegraph notes, Bitcoin recovered more swiftly from its […]

Bitcoin and the Hypocrisy of Donald Trump

Op-ed by Peter A. Kirby Big Bitcoin news dropped today. In a series of tweets, President Donald Trump attacked Bitcoin, Facebook’s Libra, and cryptocurrencies in general. His tweets are reproduced here: I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin […]

It’s No Bitcoin: Facebook’s Libra Currency Is Tied to Government Currencies

Authored by Ralph Fucetola via The Mises Institute, Nobel laureate F.A. Hayek was, as he says in the 1990 introduction to his Denationalization of Money: The Argument Refined, one of the chief “gold bugs” of the 20th century. And he reminded us, so long as politicians want to control money, gold-backed currency is essential to protect our […]

Bitcoin’s Spectacle Renews Fight Within Hard Money Camp

Authored by Tom Luongo, It was quite a week in money. Gold popped above $1430. The spectacular pump and dump of Bitcoin on Wednesday was something to behold. No sooner had I published a post about it then the market seized up while I was taking my normal Wednesday evening sabbatical from the grind of politics […]

Bitcoin soars above $11,000 for the first time in 15 months

   Bitcoin surged above the $11,000 mark on Monday hitting a more than 15-month high, as a high-profile project from Facebook throws cryptocurrencies back into the spotlight. The digital coin hit an intraday high of $11,307.69 around 5:30 a.m. HK/SIN Monday, according to Coindesk’s Bitcoin Price Index, which takes into account the price of the […]

Iran blames bitcoin mining for surge in electricity consumption

Iran has blamed a surge in activities related to mining of digital currencies like bitcoin for up to seven percent increase in the country’s monthly electricity consumption. A spokesman of Iran’s Ministry of Energy said on Monday that the country’s power grid had become unstable as a result of increased mining of cryptocurrencies. Mostafa […]

Bitcoin Soars Above $11k For First Time Since March 2018, Ether Tops $300

Update (1030ET): Bitcoin just puked some of its overnight gains on a heavy volume spike… *  *  * One day after we reported that Bitcoin futures traded above $10,000 as crypto derivatives markets “are gearing up towards another big weekend as bitcoin approaches $10k”, not only did the spot price surge above $10,000 but just […]

Congressman Calls for Banning Bitcoin Because it ‘Takes Power’ from the Corrupt Federal Reserve

(Support Free Thought) – In 2017, the state of Arizona went after the federal government’s attack on gold and silver by eliminating the capital gains taxes on precious metals. This paved the way to deal a massive blow to the Federal Reserve and end their monopoly on money. While the precious metals move […]

As Crypto Surges, Novogratz Sees Bitcoin Above $20,000 Within 18 Months

Bitcoin is up 10 days in a row, surging above $6300 this morning (as China tensions have escalated)… And Ethereum has followed the trend, albeit as the smaller cryptos have seen a lot of noise and tended to drift a little lower… But, as CoinTelegraph reports, Galaxy Digital CEO Michael Novogratz said that he expects further gains […]

Why do people buy bitcoin?

In the beginning, people were investing in bitcoin because it gave people opportunities to make a big profit. People have become millionaires because of this mentality, especially with people who have invested in bitcoin since the very beginning (considering the price spike that bitcoin experienced in late 2017). In today’s […]

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