Tag Archives: currency

Chinese Analyst Describes Bitcoin as Potential “Nuclear Bomb’ In “New Currency War” Between China and USA

News Xiao Lei, a Chinese financial analyst, has published an article that seeks to argue that the spheres of bitcoin and cryptocurrency are increasingly becoming a battleground in “a new currency” war between China and the United States. Despite some bitcoin users describing Lei’s views as conspiratorial, the article has garnered significant […]

If Pastors Are Being Jailed For Laundering It, Bitcoin Might Finally Be A Real Currency

As some of you might know, the Wondrous World of Finance™ has been in something over a dither over the hottest new trend: Bitcoin. See, it’s value is skyrocketing with a speed and potency rarely seen outside Tesla stock after a bad earnings result. Suddenly, something that only the nerdiest of finance nerds even knew […]

Bitcoin has become the currency that’s hard to spend: Don Pittis – Business

You’d have to be crazy to spend $82 million for two pizzas.  But according to bitcoin lore, on May 22, 2010, Laszlo Hanyecz became the first person to buy real physical goods with the sparkling new cryptocurrency when he paid 10,000 bitcoins for two Domino’s pizzas. When Hanyecz bought his pizzas, a bitcoin was worth a fraction of a cent. As bitcoin crashes through new […]

Bitcoin Turns 9 and Already, it Has Evolved into a Global Currency

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Satoshi Nakamoto, the anonymous creator of bitcoin, released the bitcoin whitepaper 9 years ago, on October 31. Since then, based on every indicator imaginable, bitcoin has evolved into a major global currency, store of value, and safe haven asset. The Bitcoin network […]

Central bank digital currency, not cryptocurrency, is the future

Digital currencies issued by central banks will make transactions more efficient while cryptocurrencies serve as a vehicle for illicit activity, economist Barry Eichengreen told CNBC Monday. Asked whether he thought cryptocurrencies like bitcoin and ether would play a major role in the economy, he said: “Not really.” “I think there is a role for central […]

Why the Russian National Digital Currency will be Based on Ethereum?

A recent statement tweeted by Craig Wright managed to stir up controversy. He claimed that Russian officials are showing an interest in Ethereum for CryptoRuble because they have some hidden intentions. “There is a reason Vitalik is selling this to Russians and the Russians are buying. Russia is an Oligarchy. They seek a form of […]

Catalonia Considers Separate Digital Currency and E-Residency Program

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Catalonia, which is fighting for independence from Spain, is considering an e-residency program similar to the one in Estonia. Catalonia is also considering adopting its own digital token or cryptocurrency. The Government of Catalonia, the Generalitat de Catalunya, has sent representatives to […]

Lebanon’s Central Bank Governor Disses Bitcoin at Digital Currency Launch

The bank that prints the money used today in Lebanon plans to launch its own digital currency. Announced Thursday by Riad Salameh, the governor of the Banque du Liban, Lebanon’s central bank, it’s not yet clear if the project will be based on blockchain technology, though the idea appears to have been addressed in conversation. According to […]

Bitcoin Is a Commodity Not a Currency, Says South Korean Central Bank Chief

The head of South Korea’s central bank has ruled out classifying bitcoin as a currency, arguing that cryptocurrencies are a form of commodity instead. According to Seoul-Yonhap News, Bank of Korea governor Lee Ju-yeol rejected the idea when asked on Monday whether it’s possible to accept cryptocurrencies as legal fiat. The declaration is  the latest […]

Bitcoin Price Justified if it’s a Widely Used Currency: NYU’s ‘Dean of Valuation’

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. An academic commonly known as Wall Street’s “dean of valuation” has stressed that bitcoin, while a currency, needs to be widely used to justify its soaring prices. Aswath Damodaran, a professor of corporate finance and valuation at New York University’s Stern School […]

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