bitcoin
Economy
The Disastrous Environmental Impact of Bitcoin and Cryptocurrency
While the benefits and disadvantages of bitcoin and other cryptocurrencies have long been debated, their impact on the environment has only just begun to be discussed.
Some argue that they are shady and untraceable, and others dismiss them as a...
Business
Donald Trump Calls Bitcoin a “Disaster Waiting to Happen”
Former President Donald Trump argued that bitcoin and other cryptocurrencies are "potentially a disaster waiting to happen" during an appearance on Fox Business.
When asked if he himself has invested in Bitcoin, Trump stated that he "likes the currency of...
Business
John Paulson: Cryptocurrency Will “Eventually Prove to be Worthless”
John Paulson, a billionaire who made his money investing in hedge funds and who predicted the huge housing crash in 2008, says all cryptocurrency, like bitcoin, is inherently "worthless" and "will go to zero."
The investor, who was one of...
Business
Massive Protests Erupt in El Salvador Against Bitcoin as Legal Tender
El Salvador is less than two weeks away from making the cryptocurrency Bitcoin one of its official currencies, the other being the United States dollar. This unprecedented move will make El Salvador the first country in the world to...
Economy
Ethereum Takes a Big Risk–and a Big Step Forward– by Going Green
Ethereum--the biggest presence in cryptocurrency behind Bitcoin-- has announced it will be cleaning up its carbon footprint and going green. Ethereum is a decentralized, open source blockchain that uses the token Ether for transactions on its platform. The Ethereum...
Business
Price of Bitcoin Shoots Above $50,000 for First Time Since May
The value of Bitcoin has shot above $50,000, taking it to its highest level since May of this year. The cryptocurrency reached $50,419 on Monday morning, according to CoinMarketCap’s price index, amid a market-wide resurgence.
Ethereum (ether), Cardano (ada) and...
USA
Missouri Mayor Wants to Give Every Resident $1,000 in Bitcoin
The mayor of Cool Valley, a city in the U.S. state of Missouri, is raising funds in order to give up to $1,000 in bitcoin to all residents in his city.
However, Jayson Stewart says he does not want them...
Society
Hackers Steal Over $90 Million From Cryptocurrency Exchange
Hackers have stolen over $90 million from a Japanese cryptocurrency exchange called Liquid. The firm announced that hackers had gained access to wallets they host online, gleaning roughly $91 million in crypto assets. $16 million of these were frozen...
Economy
Crypto Market Hits $2 Trillion Market Cap as Bitcoin Surges
The market value of crypto currency rose back up to $2 trillion this weekend as Bitcoin and other cryptocurrencies continue to ascend in value. Bitcoin, XRP, Cardano, and Dogecoin all saw significant climbs this past week, with Bitcoin at...
Business
Dutch Family Makes Fortune in Bitcoin After Investing Everything
Didi Haitutu, the head of a Dutch family that sold every single cent it had and bought into Bitcoin in 2017, is now living the high life, having taken advantage of a very risky investment and winning big.
Now a...