The 6 weirdest alternative currency stories ever
The world of alternative currencies brings with it a host of scammers, stealers and black market sellers. They bring a bad name to decentralized systems like bitcoin. The fact that it is a network of financial value that spread across the globe has seemingly brought to it a degree of strangeness. Today, let's take a look at some of the weirdest alternative currency stories over the past few years. Bitcoin savings & trust. As a hedge fund, Bitcoin Savings & Trust promised its investors spectacular returns. And its investors, seeking more opportunity than just what bitcoins could provide,....
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Today we are starting a new feature, The Alt-Cracks. With a near endless stream of altcoins on the market, altcoin related stories are similarly endless. The Alt-Cracks, and yes, we realize the name is a little funny, will be an attempt to pick up all the stories in the altcoin space that either didn't necessitate their own story or for another reason, fell through the cracks. By no means is it intended as a comprehensive list. The altcoin space is endless. We will miss some stories, and we welcome any leads by altcoin devs, community leaders or users. Likewise, stories covered in their....
For some blockchain enthusiasts and stakeholders alike, it‘s been a year packed with adventures. In 2021, the market cap of cryptocurrencies skyrocketed 286% year over year, uplifting a $2.17 trillion industry into the stratosphere. But, with this vast creation of wealth comes the explosion of peculiar tales throughout the sector. From the suspicious death of multiple crypto-evangelists and crypto scams involving hacked Twitter accounts of heads of states to much-promoted celebrity NFT drops that bombed at the auction, 2021 was truly a wild year for the cryptocurrency cyberspace. Without....
An assembly bill (AB-129) that amends Section 107 of the Corporations Code (with relation to business associations) seeks to make alternative currencies legal in the state. Introduced by Roger Dickenson (Chairman on Banking and Finance) and state assembly member, the amendment says that "current law which bans the issuance or circulation of anything but lawful money of the United States does not prohibit the issuance and use of alternative currency." The amendment most recent status was that it was sent to the Senate Banking and Finance Committee on the 6th of February, following a 75-yes....
Bitcoin's value as a payment protocol is hard to deny. The digital currency offers merchants a number of benefits over traditional fiat and credit card transactions, and for consumers, making payments with bitcoin is secure and convenient. Even with those benefits, however, there was a time when it was nearly impossible to use your bitcoins to buy anything practical. One of the very first real-world purchases made with bitcoin was in 2010, when a computer programmer paid 10,000 BTC (around $6m USD at today's market price) for two pizzas from Papa John's. Luckily for everybody, companies....
Bitcoin isn't the only alternative currency enjoying some momentum and buzz these days. BizX, an 11-year-old company that provides a trading mechanism for its BizX dollars, just scored $700,000 in Series A funding from angel investors ... its first outside investment ever. Based in Bellevue, Washington, the company is different from bitcoin in that its alternative currency doesn't involve currency exchanges. Instead, it functions as an alternative trading mechanism for roughly 2,500 firms, in a closed-loop system that is similar to a bartering network. BizX takes between 12 and 15....