There’s a concept in economics called the "Lotus Pond Effect" - suppose one day a lotus leaf emerges in the pond, the next day there are two, and on the third day there are four... till certain point, the lotus leaves will cover half the pond. After that day, the pond will be all covered with...
Bitcoin was barely a year old and trading for less than a penny. Excitement for the world’s first cryptocurrency was still largely bottled up in the infant hobbyist forum Bitcointalk, itself barely half a year old. Here, OGs effervescent with enthusiasm compared notes on economic philosophy, ...
Nearly 100 victims from various parts of the country reported to the Hangzhou police bureau, claiming that they were deceived by two young man named Zhou Yi and Li Xiang, who cheated nearly 7000 bitcoins by exchanging or borrowing bitcoins . Zhou Yi and Li Xiang had previously claimed o...
Tether, a stablecoin tied to the dollar that is meant to mediate the volatility of other cryptocurrencies, is partly backed by bitcoin. As detailed in court documents obtained by The Block, Tether admitted to using some of the cash reserves meant to back its stablecoin to purchase bitcoi...
Dr. Ron Paul was into sound money before it was cool. Before he became an initiate in the Austrian school of economics, he served as a flight surgeon in the United States Airforce and as a private practice OBGYN in Texas. Proselytized by the works of Ludwig von Mises and Ayn...
It's that time again: the price of Bitcoin is rising and many coins are moving from one point to another. It's causing unconfirmed transactions to surge too. Not indeed a bad thing though it only slows down transactions for those who do not set higher fees. But it is a reminder on the need for ...
Ethereum just rose above $260, a increase of over 50% in the week and more than three times its December 2018 low of $82. From the perspective of market turnover and rising momentum, Ethereum almost completely restored to its October 2018 level. In fact, Ethereum is still the preferred public...
As Bitcoin price has broken $8,000 for the first time since July 2018, more and more people turn a curious eye on the primary factor behind the soaring price. One explanation for the rise in the price of Bitcoin is that Bitcoin has been mature as an asset. Bloomberg cited a report from In...
Bitcoin price has broken $8,000 for the first time since July 2018, with most cryptocurrencies trading in the green. The rally has sent bitcoin top the Baidu hot searches (Google Trends equivalent in China) on May 14. As of press time, Bitcoin is trading around $8,135, up over 1...
Bitcoin’s price remains at a peak about $7,300, breaks the record from the recent nine months. Since May 10th, the price of Bitcoin has increased by 4%, 7% and 10% per day respectively, compared with the past three months, the price of Bitcoin has risen by more than 100%. Bitcoin's rise is...
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