Crypto: The Bitcoin Lightning Strike
Lightning: Bitcoin’s Second Layer When Bitcoin arrived in January of 2009, one of the first criticisms was that it was too slow. It takes about an hour for a transaction to finalize on the network.* It was also criticized because the block size limited the number of Bitcoin transactions meaning that Bitcoin couldn’t compete with…
Crypto: Why Cryptocurrency? Why Bitcoin?
There are a zillion crypto currencies available these days, and you may be wondering: “What can they do for me?” Some of them are scams. A few have stood the test of time. A couple have demonstrated novel innovation. And all of them are complicated. Let’s simplify all of that and look at how…
Hackers Demand $70 Million in Bitcoin to Unfreeze Computers in Latest Ransomware Attack on Hundreds of US Companies
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Elizabeth Warren Claims Bitcoin is Fueling Climate Change, Supports Federal Reserve Creating a Crypto Instead (VIDEO)
Kooky Massachusetts Senator Elizabeth Warren told a Senate Banking Subcommittee that Bitcoin is fueling climate change. Warren called for the government to confront crypto threats “head on,” while saying a Federal Reserve-backed digital currency shows “great promise.” “Cryptocurrency has created opportunities to scam investors, assist criminals, and worsen the climate crisis,” she said during the…
JBS, World’s Largest Meat Supplier, Paid $11 Million in Bitcoin to Ransomware Hackers
JBS, the world’s largest supplier of meat, paid $11 million in Bitcoin to ransomware hackers, The Wall Street Journal reported: JBS USA Holdings Inc. paid an $11 million ransom to cybercriminals who last week temporarily knocked out plants that process roughly one-fifth of the nation’s meat supply, the company’s chief executive said. The ransom payment,…
US Feds Seized Most of $4.4 Million Colonial Pipeline Ransom From Bitcoin Wallet
Deputy Attorney General Lisa Monaco Well isn’t this interesting. The Justice Department on Monday announced it seized most of the $4.3 million in Bitcoin (75 BTC) ransom Colonial Pipeline paid to hackers. The largest US refinery shut two crude units in Port Arthur, Texas last month after hackers caused the Colonial Pipeline to shut down….
WATCH: Laura Loomer Crashes Jack Dorsey’s Speech at Bitcoin Conference, Blasts Him For Election Meddling
Laura Loomer crashed an annual bitcoin conference on Friday and confronted Twitter CEO Jack Dorsey. Loomer is often referred to as the “most banned woman in the world.” After Dorsey took the stage, Loomer rushed to the front of the crowd to confront him over his election meddling. In 2018, Loomer was banned from Twitter…
Growth Stocks' "Line In The Sand" Defended Again, Bitcoin Battered
Big-Tech stocks rallied today as Small Caps lagged and the S&P and Dow trod water as yesterday’s exuberance faded with an ugly close… But sentiment, complacency, and ignorance continued to drive to ever higher highs…Over 86% of Nasdaq composite stocks are trading above their 200-day moving average – that is the highest number since February…
Welsh Man Would Give Council Over £50 Million If It Let Him Dig Landfill For Lost Bitcoin
Authored by Lily Zhou via The Epoch Times, A Welsh man on Friday repeated his previous request to the local council for permission to search a landfill site for a lost hard drive, which he claims contains bitcoin now worth around £210 million ($287 million). The 35-year-old said that he’s willing to donate 25 percent of the value of the lost…
ECB's Lagarde Calls For Global Regulation Of "Reprehensible" Bitcoin
Authored by Paul Joseph Watson via Summit News, President of the European Central Bank Christine Lagarde has called for global regulations on Bitcoin, labeling the cryptocurrency “reprehensible.” Lagarde made the comments during a Reuters Next conference earlier today, during which she asserted that Bitcoin was not a currency. “When you look at the most recent…
Ex-Bridgewater Analyst: Yes, Bitcoin Is A Giant Bubble… But The Global Fiat System Is An Even Bigger Bubble
Submitted by Howard Wang, co-founder of Convoy Investments, formerly of Bridgewater In December 2017 I wrote a paper titled “What causes asset bubbles” featuring the chart below. A few days later, Bitcoin prices peaked and fell 85% within a year. It seems Bitcoin is back. I believe we are in the midst of another bubble,…
How Bitcoin Gets To $100,000 Next: Morgan Stanley Boosts Stake In Microstrategy, Opening The Floodgates
Back on August 11, when bitcoin was still trading just above $10,000, publicly traded business intelligence firm Microstrategy (MSTR) made a transformational announcement: the company said that it has purchased 21,454 bitcoins at an aggregate purchase price of $250 million, a purchase made “pursuant to the two-pronged capital allocation strategy” which – in addition to…
BofA: Bitcoin Is Now "The Mother Of All Bubbles"… This Is How It Could Burst
Back in late 2017 when bitcoin surged higher to reach what would be its all time high of just under $20,000, a veritable cottage industry of experts calling bitcoin the biggest bubble in history emerged. But while the bubble-callers were vindicated for a few years, little did they know that just three years later what…
Treasury Yields, Bitcoin And Small Caps Soar; Tech And Dollar Tumble On Possible Georgia Blue Sweep
Bond yields, bitcoin and small cap stocks surged while tech stocks and the dollar tumbled on Wednesday on the prospect of more stimulus and tougher tech regulation if Democrats take control of the U.S. Senate following a run-off election in Georgia. Stocks in Europe rose and those in Asia were mixed as traders digested what’s…
JPMorgan Flip-Flops Again, Says Bitcoin May Hit $100,000 "But Such Price Levels Would Be Unsustainable"
Back at the start of November, JPMorgan quant NIck Panigirtzoglou – perhaps tasked with being the skeptic in-house bitcoin strategist – predicted that based on position indicators and technicals, “bitcoin’s overbought positions by momentum traders such as CTAs could trigger profit taking or mean reversion flows over the near term.” Bitcoin, which was then trading…
Ethereum Erupts Higher, Bitcoin Nears $35k; What's Next?
While Bitcoin has been stealing the headlines, it was Ethereum’s turn overnight as the number 2 crypto spiked back above $900 for the first time since Feb 2018… Source: Bloomberg Ethereum still has over $400 to go to reach its record highs… Source: Bloomberg Bitcoin also pushed higher overnight, nearing $35,000, after correcting sharply to…
Bitcoin Tops $30k As Supply Squeeze Continues
Bitcoin prices accelerated overnight, surging through $30,000 for the first time and nearing $31,000 as we write… Source: Bloomberg Now over $10,000 beyond 2017’s record high… Source: Bloomberg Ethereum was also bid to a new cycle high at $770, but well below its $1400-plus record from Jan 2018… Source: Bloomberg The area immediately below $30,000…
2020: The Year Bitcoin Became Investable For Institutions
Authored by Christopher Woods via Grizzle.com, BITCOIN’S COMING OF AGE If 2020 has been the year of Covid-19, it has also been the year of Bitcoin. Indeed it is the year where Bitcoin has come of age. This writer is not only talking about price performance, though clearly, that has been impressive with Bitcoin up…
GreenPro Doubles Overnight After $100 Million Bitcoin Investment… But Here's The Real News
Just over a month ago, when we discussed the ongoing accumulation of bitcoin by (formerly) business-intelligence company, Microstrategy, whose CEO Michael Saylor has emerged as one of the most vocal supporters of the crypto space (and with good reason – MSTR stock has exploded ever since it first started converting its cash into bitcoin), we…