Bitcoin is Becoming a De Facto World Currency
Bitcoin is becoming a world currency. Credibility and safe-haven currency functionality are some of the sine qua non features of a world currency. Signs corroborating that Bitcoin exhibits these two features are appearing more frequently and in ever more significant use-cases. Bitcoin is Gearing Up to be a World Reserve Currency. Recently, The People’s....
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So what if Mt. Gox isn't really the de facto Bitcoin exchange anymore? That isn't stopping traders on the Japan-based exchange from pricing the digital currency from most other exchanges. Today, the price per Bitcoin has passed $500 USD - yet another milestone in a year filled with ups and downs (but mostly ups). Meanwhile at Bitstamp (which is looking to become the next Mt. Gox in terms of becomes a de facto exchange), the price is about $466. The real test, as you're well aware, will be if the price can keep it up. For weeks now people have been saying that we're in some sort of bubble -....
The European Union voted against a de-facto Bitcoin mining ban. In a major event for the entire crypto industry, the coalition’s European Parliament’s Committee on Economic and Monetary Affairs (ECON) rejected a proposal that would have prohibited Proof-of-Work to make crypto assets meet a “minimum environmental sustainability”. Related Reading | Is This A Proposal To […]
Hate all you want; the US dollar is still the most dominant force in finance, and the global reserve currency. It is the de facto base currency in most trading pairs, even against Bitcoin. Because of this, when the dollar moves, so does the rest of the market. Find out why the dollar could be […]
How a small-scale Bitcoin education project involving a former brewery collided with plans for Bitcoin as de facto legal tender. Few crypto enthusiasts around the world could point to the remote island of Roatán prior to the Bitcoin 2022 conference in Miami. Dušan Matuska was one of them, a Bitcoin (BTC) educator whose plans to open a Bitcoin education center in a former brewery entangled with the Satoshi Nakamoto-inspired vision of a special economic zone in Honduras called Próspera. Located on Roatán, Próspera accepts Bitcoin as a de facto legal tender as of April 2022. But how did a....
Bitcoin has been the de facto currency of the Dark Web - the 'hidden' Internet accessible only by Tor - since the pioneering marketplace Silk Road, the 'eBay of drugs', arrived in 2011. But just how much do we know about these new underground economies? Who is buying and selling - and what? Here's what available data can tell us about bitcoin on the Dark Web. Bitcoin on the Dark Web: the Facts