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Tag Archives: Cryptocurrencies

CME Unveils Bitcoin Futures Circuit Breakers

Having taken a gamble on bitcoin futures, which are set to begin trading by the end of the year, the CME is now seeking to avoid the consequences of what has emerged as both the cryptocurrency's best and worst selling point: its unprecedented volatility. To do that, the Chicago-based exchange will do what it does to virtually every other asset class traded under its roof, and impose limits on how much prices of bitcoin futures can fluctuate within a day. While the CME already uses daily vol...

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Each Bitcoin Transaction Uses As Much Energy As Your House In A Week

While Bitcoin bulls will probably never have it so good as they have in 2017, we wonder whether many of them have stopped to think about the environmental downside of this roaring bull market. After all, back in the dot.com boom, people had ideas about potential internet businesses, issued pieces of paper representing ownership and watched their prices go parabolic parabolic. All it took was a Powerpoint presentation, some computer programming expertise and a “research” report,...

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Bitcoin Soars To New Record High – Mysterious Creator Satoshi Now Worth Over $7 Billion

Another crisis in another nation and Bitcoin prices surge to another new high. Overnight chaos in Saudi Arabia have prompted Bitcoin to jump to $7590 - a new record high - ironically as prince bin-Talal is arrested for money-laundering a week after calling Bitcoin "a fraud like Enron." With a market cap over $125 billion, the cryptocurrency's mysterious creator is now worth over $7 billion. Oh the irony. A week ago Saudi prince Alwaled bin-Talal made headlines around the world...

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Let’s Clear Up One Confusion About Bitcoin

Authored by Charles Hugh Smith via OfTwoMinds blog, If bitcoin can be converted into fiat currencies at a lower transaction cost than the fiat-to-fiat conversions made by banks and credit card companies, it's a superior means of exchange. One of the most common comments I hear from bitcoin skeptics goes something like this: Bitcoin isn't real money until I can buy a cup of coffee with it. In other words, bitcoin fails the first of the two core tests of "money": that it is a...

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BITCOIN vs. GOLD: Which One’s A Bubble & How Much Energy Do They Really Consume

By the SRSrocco Report, If you are investing in either Bitcoin or Gold, it's important to understand which asset is behaving more like a bubble than the other.  While it's impossible to understand how the market will value these two very different assets in the future, we can provide some logical analysis that might remove some of the mystery associated with the market price of Bitcoin versus Gold. I've read some analysis on Bitcoin profitability and energy consumption that seemed...

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The Economic End Game Continues

Authored by Brandon Smith via Alt-Market.com, In November of 2014 I published an article titled 'The Economic End Game Explained'. In it I outlined what I believed would be the process by which globalists would achieve what they call the "new world order" or what they sometimes call the "global economic reset." As I have shown in great detail in the past, the globalist agenda includes a fiscal end game; a prize or trophy that they hope to obtain. This prize is a...

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Ron Paul Warns “Government Interest In Bitcoin Makes Me Nervous”

Former presidential candidate Ron Paul urged legalization of all competing cryptocurrencies to fiat during a televised phone interview with The Street’s Daniela Cambone, Editor-in-Chief for Canadian outlet Kitco News... As Coinivore reports, Paul noted how the trend seems to be that the government waits until something grows successful enough and then attempts to severely restrict it with regulations. “If Bitcoin is a really good deal and a good...

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Amazon Registers Crypto, Ethereum Domains As Rumors Swirl It May Soon Accept Bitcoin

Over the past week, rumors have swirled that Amazon may be preparing to accept bitcoin as a form of payment, a decision which would lend immediate credibility and legitimacy to the cryptocurrency. Last week, Die Welt reported that fintech sources in Silicon Valley were suggesting that the global online retail giant could soon integrate Bitcoin as a payment option. When questioned, an Amazon spokesman replied to the German publication in a predictably generic fashion: "(Amazon) opts to...

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Bitcoin Surges To New Record High As CME Launches Bitcoin Futures In Q4

As the mainstream continues to embrace cryptocurrencies - much to the chagrin of Jamie Dimon et al. in the establishment - CME Group is "responding to client interest" and launching a Bitcoin Futures contract in Q4. CME Group says new contract will be cash-settled, based on the CME CF Bitcoin Reference Rate (BRR) which serves as a once-a-day reference rate of the U.S. dollar price of bitcoin. This news has sent Bitcoin back up to record highs... Full CME Statement: CME Group, the...

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Norwegian Mining Company Launches First Asset-Backed ICO

While the world debates whether blockchain-based Initial Coin Offerings are a fraudulent pyramid scheme, meant to take advantage of gullible investors who are desperate to get rich quick, or a revolutionary "post-equity" way of raising capital, a Norwegian mining company, Intex Resources ASA, has taken the next step in the latter, and last week announced it was issuing the world's first asset-backed Initial Coin Offering, with the resulting tokens being exchangeable for the physical...

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