Tag Archives: Bitcoin

Bitcoin perfect example of ‘faddish human behavior’ – Nobel Prize-winning economist Robert Shiller

Nobel laureate Robert Shiller has taken his turn to bash bitcoin, calling the cryptocurrency more of a psychological experiment than a serious investment. “I’m interested in bitcoin as a sort of bubble. It doesn’t mean that it will disappear, that it’ll burst forever. It may be with us for a while,” Shiller told CNBC. “To me, it’s interesting as another ...

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Gold and bitcoin equally useless – Mark Cuban

Tech billionaire Mark Cuban says he despises both gold and bitcoin. They are not viable alternatives to currency, according to the owner of the Dallas Mavericks, who lobbies for a debt-first approach. “I hate gold. Gold is a religion,” the billionaire said in an interview with Kitco News. “As an investment, hate is not strong enough. Hate with extreme prejudice ...

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Going down: Bitcoin & crypto market dropping into danger territory

Bitcoin fell below $ 7,500 on Thursday, moving closer to the lows the world’s number one virtual currency reached in February. The value of all cryptocurrencies has now dipped to $ 280 billion – having lost an astonishing $ 550 billion in value from record highs late last year. This is fueling fears among some investors that the crypto-bubble is ...

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Golden digits: Nelson Mandela’s ‘hands’ bought for $10mn in bitcoin

Solid gold castings of Nelson Mandela’s hands have sold for $ 10 million in bitcoin to a Canadian cryptocurrency exchange. The four golden hands are believed to be the only ones left in the world. This is the first time artifacts of Mandela have been sold in bitcoin. A $ 10-million deal was struck with Ontario-based cryptocurrency company, Arbitrade, at ...

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Bitcoin & other cryptocurrencies crash as Twitter joins advertising ban

Twitter started banning cryptocurrency advertising on Tuesday after rivals Google and Facebook announced the same clampdown earlier. The social network told Reuters that the ban will cover advertising for Initial Coin Offerings (ICOs) and token sales. For Japan, the restrictions will be limited to crypto exchanges regulated by its national financial regulator, Twitter said. Read more Twitter said it had ...

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Bitcoin LEGO mystery: LA artist hides ‘$10,000’ in crypto homage (PHOTOS)

A day rarely goes by without Bitcoin in the news. The stories usually center around its fluctuating value but one artist has made headlines by turning the phenomenon into a literal work of art. Andy Bauch created his ‘New Money’ series brick by brick, using some 100,000 LEGO pieces. Hidden within the collection of more than a dozen works is ...

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From cocaine to crypto: Drug lord Pablo Escobar's brother launches bitcoin spinoff

The brother of notorious drug kingpin Pablo Escobar, Roberto, is launching his own digital token. He was once an accountant for the Medellin cocaine cartel. Read more The cryptocurrency, named diet bitcoin, is one of the numerous bitcoin spin-offs, and, like other spin-offs, claims to be better than the original. “The value will be very high as we are identical ...

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‘Crypto-jacking’: Bitcoin rise prompts hackers to ditch ransomware for mining fraud

As bitcoin soared to the $ 20,000 mark last year, cyber-criminals increasingly turned their attention to cryptocurrency users. ‘Cryto-jacking’ cases catapulted in 2017 as cryptocurrency prices rose, according to new research. The sky-rocketing value of some cryptocurrencies in 2017 apparently prompted hackers to move away from tried and tested ransomware as a source of extortion and direct their attention towards ...

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‘Bitcoin is #1 priority’: NSA targeted cryptocurrency users globally, Snowden leaks show

The US National Security Agency targeted Bitcoin users around the world, according to classified documents released by Edward Snowden. The revelations strike a blow to the financial privacy of bitcoin users, academics warn. The National Security Agency (NSA) managed to find ways to ‘track down senders and receivers’ of Bitcoins, according to an internal NSA report dated March 2013. The findings ...

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Bitcoin resembles dot-com bubble, but collapse is unfolding 15 times faster – Morgan Stanley

American banking giant Morgan Stanley has predicted a dire end to the bitcoin phenomenon, comparing it to the tech bubble of 2000. But this time, according to the bank, events will escalate much faster. Some 18 years ago, the Nasdaq rallied 250 to 280 percent in its most “exuberant” periods ahead of bear markets, just like cryptocurrency market does, Morgan ...

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