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Sunday, April 5, 2020

Gold Versus Bitcoin Debate Is Distracting Us From An Unfortunate Economic Truth

Authored by Justin O'Connell via ValueWalk.com, Bitcoin has long been heralded as digital gold. “This is like better gold than gold,” said Gavin Andresen, who became lead engineer on Bitcoin after Satoshi Nakamoto, the pseudonymous founder of Bitcoin, handed over the reins. Hal Finney, the first person to receive a bitcoin transaction, which was sent…

Bitcoin Kicks Off 2020 More Secure Than Ever As Hash Rate Hits Record

Authored by William Suberg via CoinTelegraph.com, Bitcoin has already hit a new record in 2020 as the cryptocurrency’s network hash rate once again topped previous all-time highs.  image courtesy of CoinTelegraph Data from multiple monitoring resources including Blockchain and Coin Dance confirmed hash rate was higher than ever on the first day of the new year.  Estimates point to an all-time…

Bitcoin ATM Firm Partners With Largest Shopping Mall Operator In US

Authored by Adrian Zmudzinski via CoinTelegraph.com, Miami-based Bitcoin automatic teller machines (ATM) firm Bitstop has partnered with the largest shopping mall operator in the United States, Simon Malls, to install Bitcoin ATMs at several locations.  image courtesy of CoinTelegraph BitStop announced on Nov. 26 that the firm has already installed Bitcoin ATMs at five Simon Malls locations…

Bitcoin Fixes This: PayPal Cuts Payouts To Over 100,000 Pornhub ‘Models’

Authored by William Suberg via CoinTelegraph.com, Bitcoin is being championed as the solution to a new payment crisis affecting the adult entertainment website Pornhub. In a blog post on Nov. 14, Pornhub revealed that payment processor PayPal had abruptly stopped servicing its models.  image courtesy of CoinTelegraph Pornhub hits out at attack on “livelihoods” Previously, models throughout the world…

Bitcoin Jumps Back Above $9,000 As Bobby Lee Forecasts “Flippening” Of Gold By 2028

Crytpos have taken a leg higher in recent hours, led by a jump in Litecoin... Source: Bloomberg With Bitcoin erasing Friday's plunge, back above $9,000... Source: Bloomberg But, as CoinTelegraph's William Suberg reports, Bitcoin is set to go much higher as well-known industry figure Bobby Lee expects it to surpass the market cap of gold and could ultimately be…

Bitcoin Will Free The World “From The Mercy Of Dictators”, Billionaire VC Tim Draper

Authored by Tim Draper via Medium.com, The Startup Government Preface. Tribalism to globalism. The Startup Religion. We have a particularly diverse student body at Draper University, and in the program, the students are asked to do challenging projects in teams. As a result, they build extraordinarily tight bonds with each other. Most of them overcome…

Day Trading Bitcoin: Why 95% Of Traders Lose Money And Fail

Authored by Scott Melker via CoinTelegraph.com, Almost all traders are aware of the widely publicized statistic that “95% of traders lose money.” When you drill deeper, research implies that this number is likely higher. The profession chews up and spits out aspiring traders at an astounding rate.  So why are so many intelligent people drawn…

North Korea Building Cryptocurrency to Combat U.S. Sanctions

According to a Thursday VICE story, the North Korean regime is building its very own cryptocurrency in order to circumvent U.S. sanctions which have leveled its economy. “Pyongyang has long shown an interest in cryptocurrencies, with the country recently bringing together homegrown experts with foreign companies at its first-ever blockchain and cryptocurrency conference in April,”…

Is “Bitcoin Thursday” Coming?

Authored by Mike Shedlock via MishTalk, Bitcoin has been consolidating for months. Generally, and technically speaking, this suggests a big move is coming. I have no position in Bitcoin and I doubt that changes although I do not rule out a token amount in certain circumstances. That said, I do find the technology fascinating and…

Bitcoin Is A Hedge Against Gov’t “Fiscal Irresponsibility”, Analyst

Authored by Marie Huillet via CoinTelegraph.com, Equities portfolio manager turned crypto fund executive Travis Kling has argued that Bitcoin has come into its own as a unique hedge within the current macroeconomic climate. image courtesy of CoinTelegraph In an interview with CNN on Sept. 15, Kling argued that the specific properties of Bitcoin make it an exceptional…

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