Tag Archives: crisis

Bitcoin Emerges as Crisis Currency in Hotspots Such as Zimbabwe

About a third of the customers queuing at La Maison du Bitcoin’s teller windows in Paris aren’t speculating on the value of the cryptocurrency. They’re sending digital money home to Africa. “In many countries in Africa, there are far more cellphones than bank accounts,” said Manuel Valente, co-founder of La Maison. “For bitcoin, all you […]

Tezos, a cryptocurrency that raised $232 million in July, is in crisis

Tezos, a blockchain technology project that made headlines in July by raising $232 million, has been hit with its second class-action lawsuit in less than a month. It’s the latest blow for the project’s founders, husband-and-wife team Arthur and Kathleen Breitman. The Breitmans promised to build a blockchain with a revolutionary new governance model that would […]

Bitcoin CME futures approval sparks fears of financial crisis repeaet

But more than that, he worries that CME’s stamp of approval could legitimize bitcoin and persuade regulators to approve a growing list of requests for exchange-traded funds. Bitcoin’s price surged past $6,400 Tuesday, according to CoinDesk. That would take bitcoin out of the arena of futures markets and cryptocurrency exchanges — where traders should know […]

Bitcoin is a bubble, says Nobel winning economist who predicted US housing crisis

Moneycontrol News Some fifteen years ago, Nobel Prize winning economist Robert Shiller had famously spotted the first housing bubble of the 21st century in the US. Shiller also went on to write a best-selling book Irrational Exuberance on market manias around the world. He has spoken again, and this time he has termed the frenzy […]

Investor Who Predicted 2008 Mortgage Crisis Bearish About Bitcoin

Investor Peter Schiff has remained bearish about the future of Bitcoin and other digital currencies despite their sustained solid performance as of mid-August 2017. Bitcoin’s price has recently hit a new record high of $4,500 per token. However, the continuous phenomenal performance of Bitcoin has also reinforced Schiff’s belief that the digital currency is advancing […]

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