Some Traders Are Talking Up Cryptocurrencies, Then Dumping Them, Costing Other Millions https://www.wsj.com/graphics/cryptocurrency-schemes-generate-big-coin/?mod=e2tw … vía @WSJGraphics https://twitter.com/PablodelaMac/status/1026172330874155008 How does VISA processing time compare to Bitcoin? Well, Bitcoin does 3.3 transactions per second while VISA does 3,526. So, VISA is over …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Go find someone else to regulate them. Fed Chairman Jerome Powell, during his testimony before the House of Representatives Committee on Financial Services, was asked by representatives Patrick McHenry (R, North Carolina) and Juan Carlos Vargas (D, California) …
by Martin Armstrong QUESTION: It certainly seems that the cryptocurrency world has its flaws and may even be worse than traditional bank accounts and credit cards. They keep getting hacked. So they are trying to defeat central banks but may be …
by Simon Black Hallelujah. After almost a decade since Bitcoin was created, the SEC announced last week the creation of a new, senior position to coordinate the agency’s cryptocurrency and ICO efforts. As usual, the government showed up late to the …
by Martin Armstrong QUESTION: Mr. Armstrong; There are these people so desperate to argue that cryptocurrency will change the world, I have heard the same pitch behind gold and I suspect most are just goldbugs who gave up and moved to …
by Thinker The founder of the world’s second biggest cryptocurrency Ethereum, Vitalik Buterin, has questioned whether the Rothschild conspiracy theory extends to digital money. “Are ‘the Rothschilds’ even well-coordinated enough to be worth caring about as a group these days?” …
The crash of the dollar is not a matter of if…but when! The modus operandi for the inner cabal of the global elite is and always has been to provide order out of chaos…sometimes the chaos happen organically and sometimes …
by Martin Armstrong QUESTION: Do you think Bitcoin can survive? Or has it been a passing fad? MT ANSWER: Bitcoin rose because 70% of the miners were in China. It was NOT simply because energy was cheap. Bitcoin became the LEADING means of money laundering and …
by Martin Armstrong QUESTION: Socrates did an amazing job. It called the high in BitCoin right to the day. That makes me wonder. After thinking quietly about the claim that cryptocurrencies will replace everything as a new world monetary system …
U.S. households likely owe $25 billion in capital gains taxes for their cryptocurrency holdings, Thomas Lee, head of research at Fundstrat Global Advisors, says in a Thursday report. Last year, bitcoin soared more than 13 times in price and hit …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But nothing goes to heck in a straight line. I don’t think there has ever been an entire sector that skyrocketed as much and collapsed as quickly as the cryptocurrency space. The skyrocketing phase culminated at …
TPTB scared shitless of cryptocurrencies. “We lose our contr… our ability to have the dollar be the…” Mr. Sherman is speaking against cryptocurrencies in a very harsh way saying it helps terrorists and criminals and helps fraud, but slipped up …
If your plan was to continue to finance untraceable terrorism in the future, and to pay people off without ever being known, what would you do? Develop an untraceable currency… That is ultimately what cryptocurrencies are being used for. And …
https://www.youtube.com/watch?v=Z-Vormmz_MA Today’s Guest: Jeff Berwick Websites: The Dollar Vigilante http://dollarvigilante.com
by howmuch Banks have largely been against cryptos, often citing the volatility and the ability to be used for money laundering. This is a bit of an ironic criticism coming from banks that are seemingly paying massive sums of money on a …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter This is not like the dotcom crash – though it’s even more brutal. Cryptos are having another bad-hair day, one in many, with just about all the largest ones crashing 12% to 25% this morning. It’s …
From CNBC: One key event that crypto traders are watching next week from CNBC. Bitcoin fell below $8,000 for the third time in four days on Monday amid a broader sell-off in cryptocurrencies that has seen over $60 billion of valued …
Bloomberg, Released on 2/1/18 https://youtu.be/V2lwyuSrCg4 Nouriel Roubini, a professor at NYU’s Stern School of Business and Chairman of Roubini Global Economics, was Senior Economist for International Affairs in the White House’s Council of Economic Advisers during the Clinton Administration. He …
by howmuch Cryptocurrency bag holders often boast that their network transaction speeds are faster than mainstream payment methods, such as Visa or Paypal. As cryptocurrencies continue to rise in popularity, it will be important to determine which blockchain payment networks could eventually …
The Institute of Human Obsolescence (IoHO), a business venture based in The Hague, Netherlands, since 2015 has utilized specially-designed bodysuits to turn excess body heat into digital currency. MORE: https://thenextweb.com/cryptocurrency/2017/12/12/startup-uses-body-heat-to-mine-crypto-for-when-robots-take-jobs/
The bitcoin bandwagon is gathering pace, and now there are few people who haven’t heard of the magical internet currency. Its meteoric rise from nothingness to a value of nearly $18,000 in December 2017 has had investors kicking themselves at …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter I don’t remember ever having seen crazier times of more pandemic proportions. “It is the biggest scam ever, such a huge gigantic scam that’s going to blow up in so many people’s faces. It’s far worse …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter A “collapse” isn’t when something edges down 1% in value or even 10% or 20%; it’s when something plunges 50% in a short time. Ethereum has collapsed 52% in four weeks. The second largest cryptocurrency by market …