The Downfall Of Bitcoin: Part 3

This is part 2 of The Downfall of Bitcoin: The Need For Responsible Mining, if you have not read part one yet, do so here before proceeding to read this part of the story. The following is a work of fiction, the events below have never happened. This article serves as a means to stress the importance of mining responsibility on both the miner's end and the pool owners end and offers a possible situation that could be the downfall of bitcoin. Any companies in the following article are fictional and this story does not pertain to any companies in existence today. The story will be told as a....

The CEO of FTX, one of the world’s largest crypto exchanges, said the most damaging part of the ongoing cryptocurrency turbulence that sent tokens plunging and triggered the downfall of a number of major companies, has likely passed. In recent weeks, FTX big boss Sam Bankman-Fried has become crypto’s lifeline, supplying badly needed funding to crypto companies that […]

The following is a work of fiction, the events below have never happened. This article serves as a means to stress the importance of mining responsibility on both the miner's end and the pool owners end by proposing a possible scenario that could become the downfall of Bitcoin. Any companies in the following article are fictional and this story does not pertain to any companies in existence today. The story will be told as a collection of events from several different perspectives on the events leading up to November 17th, 2014. Disclaimer: All characters appearing in this work are....

Coincheck, the largest bitcoin exchange in Japan follows the current trend to introduce Ethereum support. Japan gets another new cryptocurrency and that is Ethereum. The new cryptocurrency has entered the Japanese market within weeks after the Japanese government tentatively conferred bitcoin with the status of legal tender. Japan has been one of the important geographical regions for the cryptocurrency industry. No, it is not because of the country’s electronics and technology industry but the community participation. The country was on a roll until the downfall of Mt Gox bitcoin exchange....

DAI tops it off as the strongest stablecoin to date despite Terra’s plunge. USDT and UST may have plummeted – but not DAI. It’s been a brutal two weeks in the crypto space especially with the devastating collapse of Terra’s stablecoin UST, which is currently trading at a little below 6 cents. Suggested Reading | […]