The worst swear word, a risky business, and playing by the numbers
Welcome to the CoinDesk Weekly Review 13th September 2013 - a regular look at the hottest, most controversial and thought-provoking events in the world of digital currency through the eyes of skepticism and wonder. Your host ... John Law. High hopes from a low country. Like a fledgling revolutionary state, bitcoin is desperate for international recognition. And, as with many such states, the rest of the world is carefully chewing over the implications of any such acknowledgement. So the latest lukewarm-to-positive statement from Belgium's finance minister that BTC looks mostly harmless has....
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Crashing from an all-time high at around $69,000, Bitcoin has lost over 70% of its value since November 2021. New data reveals that BTC’s price might have entered one of its worst bear markets since its inception, as the cryptocurrency loses critical levels and remains trading in the red on high timeframes. Related Reading: Celsius […]
Ahead of the Friday, Jan. 20 swear-in of US President-Elect Donald Trump, the price of Bitcoin has started picking up from its recent slump. For the first time since the drop or correction in price following the People’s Bank of China’s onsite inspection of key Bitcoin exchanges in the country - taking a dip as low as $755 - the price has followed an upward trend that has seen it rise to the $895 range according to coinmarketcap.com (though it now sits at $883 at the time of writing). Whether this is connected to the Asian stocks and the pound that sagged on Tuesday, as investors await....
After the "horrendous" Bitcoin crash (that bounced right back up) some junior investors that joined a trading competition in Hong Kong says that Bitcoin is too risky and that investors should not include Bitcoin in their portfolio. The students themselves will not invest in Bitcoin because of the uncertainties regarding its future. And we agree that the future to Bitcoin is uncertain and that a lot depends on what the big nations will do with the current unregulated cryptocurrency market. (Personally I have much stronger beliefs in Bitcoin and cryptocurrencies than the junior business....
The world's second-worst currency this year is Ukraine's hryvnia. Being at war with a nuclear-endowed superpower is an expensive business, and Ukraine's economy is crippled even after an international bailout worth $17 billion. And the worst is Bitcoin, Bloomberg View reports. "Bitcoin is second only to gold on the list of topics guaranteed to arouse the wrath of the Internet trolls. Yet relentless promotion can't hide these facts: The digital currency peaked at a value of $1,130 just over a year ago. Its plunge of more than 56 percent in 2014 makes it the world's worst performing currency....
Yesterday, Twitter and Square CEO Jack Dorsey tweeted an announcement for The B Word. A one day summit happening next month, 7/21/21, on all things Bitcoin. The goal, destigmatize bitcoin crypto narratives to business leaders, explain the reasons for crypto adoption, and address issues in the network. The #bitcoin development community above all else. As […]