Bitcoin and Altcoins News: News

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Showing posts with label News. Show all posts
Showing posts with label News. Show all posts

July 31, 2020

Economic Stimulus Package Effectiveness Questioned as GDP Collapses, Jobless Rates Soar

1:48 AM 0

-GDP has declined at the highest rate in history-an annualized 32.9%.-Jobless claims have increased more than 900,000.-Investors have apparently begun moving into safe haven assets to protect against potential stagflation.The actual effectiveness o...

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July 13, 2020

Bitcoin’s Rising Hash Rate Shows Confidence in Fiat is “Collapsing”

11:34 PM 0

Bitcoin’s recent mining rewards halving that took place just a couple of months ago went off without a hitch and has had a negligible adverse impact on the dynamics seen amongst the cryptocurrency’s miners.This comes despite what many analysts had ...

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July 7, 2020

Bitcoin Is Not a Currency, It’s a “Speculative Asset” - Steve Hanke

2:05 PM 0

If you have read Satoshi Nakamoto’s original white paper on Bitcoin, the likely takeaway is that BTC is a currency. Take the following excerpt from the conclusion of the white paper.“We have proposed a system for electronic transactions without rel...

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