In a country with the largest oil reserves in the world, its people are unable to buy food. The national currency, the Bolivar, devalued by 95 percent this week wiping out people’s savings. And millions of Venezuelans have fled their country overwhelming the borders with Colombia and Brazil. There are even stories of Venezuelans who […]
Study into the ecology of cryptocurrencies has found that investors only consider market share when buying Investors in cryptocurrencies do not consider price and underlying technology when they buy virtual currencies, but merely buy those with the highest market share. A study of the cryptocurrency market from 2013 to May 2017 carried out by City, University of […]
Bitcoin has not just been a trendsetter, ushering in a wave of cryptocurrencies built on decentralized peer-to-peer network, it’s become the de facto standard for cryptocurrencies. The currencies inspired by Bitcoin are collectively called altcoins and have tried to present themselves as modified or improved versions of Bitcoin. While some of these currencies are easier to mine than Bitcoin is, there are tradeoffs, […]
This may be one of the shortest vows J.P. Morgan Chase & Co.’s CEO has ever made. A little over a day since saying he wouldn’t talk about bitcoin, a popular digital currency, which he has declared “a fraud,” Jamie Dimon was back at it again on Friday.
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