Every generation or so, money goes through an evolutionary shift, and 10 years from now the fiat currencies currently in use will be regarded as relics of a bygone age, much like the fax machine.
Browsing: Bitcoin
Cryptocurrencies briefly jumped amid chaotic trading in Asia after China’s stock markets reopened to steep losses following an extended holiday shutdown.
Bitcoin’s infrastructure is more centralised than ever before, raising alarms about the security and viability of what is championed as a decentralised network.
Bitcoin’s claim for being digital gold appears to have another piece of evidence in its corner. In a day where global stocks plunged on concerns over the deadly coronavirus, the cryptocurrency gained as much as 5.8%.
Bitcoin climbed to its highest since November as the debut trade of options linked to the digital currency boosted sentiment.
Whether a planned reduction in rewards for mining bitcoin will boost prices or it’s already factored in is dominating discussions across mediums from Twitter to analyst reports.
Bitcoin climbed to the highest since November after breaching the $8 000 price level. Concerns about an escalation in the conflict between the US and Iran are seen as contributing to the rally.
Emerging out of the ashes of the financial crisis, bitcoin was created as a bypass to the banks and government agencies mired in Wall Street’s greatest calamity in decades. It proved to be the decade’s best-performing asset.
Bitcoin dropped below $7 000 for the first time since November, with the sell-off pushing the cryptocurrency to its lowest level since May.
Three men have been charged by US prosecutors with helping run a $722-million cryptocurrency fraud that amounted to a “high-tech Ponzi scheme”.