marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
robot economy
01/24/2022
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By Ramon Tomey
Russia plans to ban crypto mining and trading – regulator report
Russia’s financial regulator has proposed a ban on cryptocurrency-related activities such as trading and mining in the country. To back this proposal, it released a report outlining crypto’s potential use for criminal activity and the high energy requirement of crypto mining. The Central Bank of Russia (CBR) publicized its crypto report on Jan. 20, via […]
09/24/2021
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By Ramon Tomey
Bitcoin price drops following China’s Evergrande fiasco
The price of bitcoin has fallen following the fiasco involving property developer Evergrande Group. According to CoinDesk, bitcoin’s price has fallen to $43,489 as of Sept. 20. The drop reflects an 8.6 percent fall from its Sept. 17 price. Other digital currencies have also seen price drops – with Ether experiencing a 10 percent fall and […]
09/09/2021
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By Ramon Tomey
Cryptocurrency will eventually go to ZERO, investor John Paulson warns, saying it’s scarcity “of nothing”
Legendary investor John Paulson warned that cryptocurrencies such as Bitcoin will eventually go to zero. He said this warning during an Aug. 31 appearance in Bloomberg Wealth with David Rubenstein. Paulson gained prominence after he bet against the U.S. housing market – netting him $20 billion at the cost of kick-starting the worst financial crisis […]
09/09/2021
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By Ramon Tomey
El Salvador adopts bitcoin as legal tender to unsteady start characterized by glitches
The tiny Central American nation of El Salvador saw a rocky start on its first day of adopting the bitcoin cryptocurrency as legal tender. The country passed a law in June 2021 mandating its use as legal currency alongside the U.S. dollar. But the first day of the rollout on Sept. 7 hit a roadblock […]
07/23/2021
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By Ramon Tomey
Bitcoin’s 50 percent drop in value hits crypto loans and derivatives
The 2021 Bitcoin bubble is showing signs of deflation, negatively impacting previously optimistic forecasts on the cryptocurrency. Its current trading price of around $31,700 is near the lower end of its range for the past two months. The price also reflects a fall of about 50 percent from its highest prices this past April. Bitcoin’s drop affected a $1.3 […]
05/17/2021
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By Ramon Tomey
Cryptocurrency scam hits hundreds of small investors
Hundreds of cryptocurrency investors lost all their money in their digital wallets after a cryptocurrency scam. The victims invested in a new cryptocurrency, allowing them to purchase pre-sale tokens through fund transfers. Unfortunately, the fund transfer approvals permitted bad actors to access the victims’ digital wallets – and steal all their money. The affected investors […]
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