The Feds seize Bitcoin routinely as the result of criminal investigations just as they do luxury boats, houses, cars and traditional bank accounts. They now have an estimated $3 billion worth on their books and as they have on two … Continue reading →
In a major step towards the adoption of crypto currencies by Federal regulators, the Chairman of OCC has issued an Interpretive Letter authorizing the use of public blockchain networks and stablecoins, to perform banking-legal functions, such as payment activities. This … Continue reading →
Money is, and always has been, an evolving concept. In this age of interconnected computers we’ve reached a new turning point. The U.S. Treasury no longer prints a paper dollar for every dollar it creates. Many of the ‘dollars’ are … Continue reading →
The Washington Examiner has posted an overview of the history of Bitcoin along with a speculation as to its future. Worth reading despite the occasional snide comment and a failure to appreciate the big picture Bitcoin embodies. My very best … Continue reading →
Traditional economists and financiers disparage crypto currencies and in particular Bitcoin at every opportunity. They have bet their careers on fiat currencies and trading in stock markets. It is not in their interest to acknowledge that their world is crumbling … Continue reading →
TODAY BITCOIN BROKE $20,000 FOR THE FIRST TIME Unlike Bitcoin’s previous flirt with 20K this one is based on a fundamental change in investors. Bitcoin is increasingly seen as a store of value, a protection from inflation and from government … Continue reading →
EVERYONE, FRIEND OR FOE, USES U.S. DOLLARS As technologies evolve to create new ways to access the international financial system, the range of methods and tactics at the disposal of rogue actors has expanded. The growing use of cryptocurrencies is … Continue reading →
While Bitcoin is a new invention of the digital age, the problem it solves is the transfer of value across time and space. Ammous takes the reader on an engaging journey through the history of technologies performing the functions of … Continue reading →
THE GUGGENHEIM PARTNERS FUND, VALUED AT $200 BILLION, IS POISED TO INVEST HALF A BILLION INTO BITCOIN In a letter to the SEC Guggenheim reserves to right to invest up to 10% of its portfolio in Bitcoin. The current explosion … Continue reading →
As Bitcoin has received greater acceptance both as an investment and as a currency the price has responded accordingly. It is generally accepted that Paypal’s acceptance of Bitcoin has contributed to the recent run up of the cyber currency’s price. … Continue reading →
