economics of bitcoin
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Bitcoin Freefalls to Two-Month Low After SpaceX Write-Down
If the spectacular failure of Sam Bankman-Fried’s FTX exchange wasn’t evidence enough, the crypto bubble has officially popped. Now, Bitcoin, one of the most widely used cryptocurrencies, has fallen to a two-month low. Reuters reports that today Bitcoin fell to its lowest value since June 16—its value this morning was $US26,172. That’s a slight improvement…
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Warren Buffett Says He Wouldn’t Take All the Bitcoin in the World for $35
Warren Buffett has always been a bitcoin sceptic. But the billionaire investor had his most harsh words yet for the cryptocurrency over the weekend. Buffett made it clear that his opposition to crypto has nothing to do with whether people can make money trading bitcoin. Buffett’s opposition is purely on principle because bitcoin has no…
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Is the Crypto Bubble Going to Burst?
Even if you aren’t paying attention to Bitcoin and other cryptocurrencies, you might have noticed that their value plummeted last week, with the total value of the market tumbling from a high of $US3 trillion last year to about $US1.5 trillion in a matter of days. Bitcoin, the most famous and largest cryptocurrency, saw its…
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Far-Right Leaders Are Raking In Millions From Bitcoin, New Study Shows
Even hardcore investors will likely admit that the crypto community tends to attract some pretty scummy personalities; cyber-criminals, con-artists, and Elon Musk, for starters. Now, it looks like we can add white supremacists to that list as well; a new study from the Southern Poverty Law Centre probed into the crypto transactions of some of…