Is Bitcoin denting the economy?
So how big an impact are bitcoins really having on the global economy? The latest market stats show the digital currency continues to show a growing influence on "real" money. Among some recent stats: As of April 2013, more than 11 million bitcoins have been mined so far. The market cap for bitcoins now exceeds $1 billion (US), and briefly stood at a high of over $2.6 billion. The value for a bitcoin reached a high of $237.57 in April 2013 before crashing to a low of $83.66 in a matter of days. While the value has recovered some, even the low far exceeds the $4.98 bitcoin value in early 2012.
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As Bitcoin moves towards becoming a part of the mainstream economy, why should it be any different from the traditional economy? Well, that's what the scenario looks like in the Bitcoin community. It is a well-known fact that 50% of the whole world's economy is controlled by the top 1% of the population, similarly 99% of the Bitcoin is under the control of 1% of Bitcoin community. The only difference between traditional economy and Bitcoin economy is that in the traditional economy, when it comes to fiat currency it is easy to identify how much a person is worth and who are the rich and....
The price of bitcoin dropped below the $44K zone on Wednesday to $43,678 per unit as the entire crypto-economy has shed billions in value. At the time of writing, the overall crypto economy is down 4.5% as it dipped to $2.25 trillion in value. Bitcoin and Crypto Economy Sheds Billions, Crypto Fear & Greed Index Indicates ‘Extreme Fear’ Is in the Air Bitcoin (BTC) slid in value today, roughly 5.4%% during the last 24 hours. Just after 3:00 p.m. (EST) prices dipped from $46K to $43,678 per unit. BTC’s price is just below the $44K price range against the U.S. dollar.....
Anyone in the world can take their financial futures into their own hands right now. Not just in terms of deciding whether or not they want to remain an employee or become their own boss, but also whether or not they can play a role in the sharing economy. Every person on this planet can do or offer some product or service that other people want or need,....
Grassroots efforts have defined much of recent technological history. Whether we're talking about file sharing via BitTorrent, disrupting money via bitcoin, or even the emergence of the web itself, innovation has often trickled up, rather than down. Even some of the companies that dominate today's Internet started small, and gained traction quickly. Could the next generation of sharing economy companies do the same, backed by cryptocurrency-like tokens? The sharing economy. The sharing economy is a potentially huge development. Also sometimes termed 'collaborative consumption' or 'the....
Charles Schwab is launching a crypto economy exchange-traded fund (ETF). According to the company’s filing with the U.S. Securities and Exchange Commission (SEC), “Schwab Crypto Economy ETF” will trade on the NYSE Arca.
Charles Schwab Registers Crypto Economy ETF With SEC
Charles Schwab, one of the largest financial institutions in the U.S., filed a registration statement with the U.S. Securities and Exchange Commission (SEC) Wednesday for “Schwab Crypto Economy ETF.”
The new exchange-traded fund will be listed on the NYSE....