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Bitcoin skeptics say the cryptocurrency has no value. Here's why they're wrong In the case of bitcoin, the cryptocurrency has a set cap of 21 million bitcoins. Many analysts note that this set cap makes bitcoin more desirable than other assets, even gold. That's because unlike with gold, there's no need to worry about a digital Gold Rush. A treasure trove of bitcoin won't ever be ...
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Maduro's cryptocurrency scheme met with scepticism When Venezuelan president Nicolás Maduro unveiled plans for the "petro", an oil-backed cryptocurrency, he predicted it would allow the country to become financially independent and circumvent US sanctions. The idea is for the government to issue 100m petros, each backed by a barrel of oil from the ...
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A bitcoin bloodbath highlights these defensive cryptocurrency strategies Many cryptocurrency investors have no intention of selling bitcoin or their other digital-asset holdings until cryptos supplant fiat currencies, or until they "moon", reaching astronomic values, whichever comes first. Here's an explanation of the term hodl. The problem with this strategy is the bitcoin and ...
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Bitcoin sinks 20% Investors in South Korea and Japan, the two largest cryptocurrency trading nations, were sitting on the sidelines Tuesday waiting for the regulatory uncertainty to clear before placing further bets, said Greenspan. He believes the light trading volume caused bitcoin's price to plunge. Bitcoin approached a ...
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Bitcoin drops after South Korea says a cryptocurrency crackdown is still possible "There are no disagreements over regulating speculation," such as requiring the use of real names on accounts and levying taxes on cryptocurrency trading, Kim said. Shutting down digital currency exchanges is "a live option, but government ministries need to very seriously review it," he said.
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Bitcoins and brothels: Cryptocurrency may be coming to the Bunny Ranch The rise of bitcoin may have been one of the biggest stories of 2017, but its acceptance as a means of payment is still limited. Now, the Bunny Ranch, the famous Las Vegas brothel, is looking to cash in on the trend. The setting of the HBO series "Cathouse," The Bunny Ranch announced it "is the latest ...
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Bitcoin Could Hit $100000 This Year, Says Analyst Who's Been Right Before The values of Bitcoin, Ripple, and other cryptocurrencies have been crashing lately, but one analyst is predicting a huge rise ahead for Bitcoin—with a forecast for it to reach as high as $100,000 in 2018. For that to happen, each unit of Bitcoin, currently worth around $12,000, would have to increase by ...
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There's a cryptocurrency named after Theresa May and it's neither strong nor stable Well, you might want to look into a new cryptocurrency named after Prime Minister Theresa May. It's called TheresaMayCoin and has almost tripled in value this year to soar to the giddy heights of, erm, way less than a tenth of a penny. The Bitcoin-style virtual currency was launched last year and has ...
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