Bitcoin is now facing a year-on-year loss in value as the cryptocurrency continues to decline. This comes as it is celebrating its tenth birthday. Ten years ago, Satoshi Nakamoto, Bitcoin’s anonymous founder detailed in a document how Bitcoin would proceed and why it was needed. Almost all of his predictions were incorrect. All of mine…
As was perfectly predictable, the US has decided to attack Venezuela’s new oil backed crypto-currency the Petro. An executive order by US President Donald Trump bans “all transactions related to, provision of financing for, and other dealings in, by a United States person or within the United States, any digital currency, digital coin, or digital…
The top five credit card companies have banned the use of their credit to purchase cryptocurrencies. This is very telling. The banks are concerned that the use of such credit is going to an unsafe investment. Credit cards are meant for consumer purchases, not investments. Much of the Bitcoin phenomenon has been made up of…
It seems digital currencies have been having a terrible year so far. Aside from them reaching the highest price they’ve ever fetched before, they’ve also suffered from the largest crashes they’ve ever suffered as well. Basically, everyone who has ever warned the public about digital currencies has specifically mentioned the instability of an unregulated currency.…
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