Bitcoin as a global standard would be an ‘absolute economic catastrophe’ – Ernst & Young’s global blockchain leader

(Kitco News) If Bitcoin becomes a global monetary standard, it would be an “absolute economic catastrophe,” said Paul Brody, global blockchain leader at Ernst & Young. The world’s largest cryptocurrency is, by default, considered a deflationary asset in the digital space. What this means in the world of cryptocurrencies is that … Read more

Official Biden Reveals Crypto Plans Amid $2 Trillion Terra Luna Led Bitcoin, Ethereum, BNB, XRP, Solana, Cardano and Dogecoin Price Crash

Bitcoin BTC and cryptocurrencies have been hit hard this year by a brutal crash that brought the price of major cryptocurrencies down. Subscribe Now to Forbes Cryptocurrency and Blockchain Consultant and successfully navigate the volatile bitcoin and cryptocurrency market The price of bitcoin has dropped below $20,000 per bitcoin, down more than 70% from its … Read more

Bitcoin Family Says It Lost $1 Million In Value This Year

‘Bitcoin Family’ opens a bitcoin beach bar in Lagos, Portugal Didi Taihutu The “Bitcoin Family” has dropped more than $1 million in its bitcoin investment since the world’s most popular digital currency hit around $69,000 in November 2021 — but patriarch Didi Taihuttu is more bullish than ever. “I am buying bitcoin daily,” Taihuttu told … Read more

Athletes and public figures who received payment in bitcoin were hit hard

ONEathletes and other public figures who have made a point of getting paid in bitcoin are feeling the pain as cryptocurrencies plummet in value. At its peak last year, bitcoin, the top cryptocurrency, was at $69,000. It has since dropped sharply, with one bitcoin now trading at just over $20,000 – a whopping 70% decline … Read more

Market diversion can do the trick

Bitcoin price creates a case to mark $23,878 upwards. Ethereum price could support 20% of gains if incipient cryptocurrency diversion continues. XRP price appears to outperform Bitcoin and Ethereum with a robust 30% profit forecast. The price of Bitcoin, Ethereum and other cryptocurrencies appears to be diverging from global markets this morning after the third … Read more

Bitcoin firm TDI eyeing former Que River lead and zinc mine on Tasmania’s west coast

A former lead and zinc mine on Tasmania’s west coast could become home to what an Australian bitcoin miner is describing as “Australia’s largest emerging 100% renewable energy bitcoin mine”. Key points: A site such as an abandoned mine offers enough space to build a bitcoin facility Tasmania’s renewable energy and cheaper electricity make it … Read more

Bitcoin Users Shouldn’t Ignore Cryptocurrency’s Fundamental Flaw

Kelvin Low is a professor of law at the National University of Singapore. In light of the recent cryptocurrency meltdown and growing criticism of a technology that promised a lot but delivered little, it’s helpful to revisit Satoshi Nakamoto’s Bitcoin white paper and consider what’s wrong and why many believe blockchains can’t work. . In … Read more

Serious Alert Issued About Bitcoin and Crypto Exchange Binance and Its Ethereum Rival BNB After SEC Bomb Hits its Price

BitcoinBTC and Binance’s ethereum rival BNBBNB has skyrocketed on the crypto charts since its launch in 2017. Subscribe Now to Forbes Cryptocurrency and Blockchain Consultant and successfully navigate the volatile bitcoin and cryptocurrency market The price of BNB has gone up 300 times, giving it a market capitalization of over $18 billion. The massive rally … Read more