Tag Archives: Bitcoin Economics

Crypto May Fulfill Nobel Winner F.A. Hayek’s Vision for Private Money: Economist

Advertisement F.A. Hayek was a Nobel-prize winning economist. In the 1970s, in the middle of a punishing recession and inflationary period that lasted into the beginning Ronald Reagan’s presidency, Hayek proposed that the solution to government-caused inflation and its associated problems was to allow the issuance of private, irredeemable money to compete with fiat issued by governments in… Read More »

38% of Freelancers Regularly Use Cryptocurrency, Survey Reveals

Advertisement According to a recent Humans.net survey, part of which was covered recently by fellow CCN’s Joseph Young, 38% (385) of the 1100 people surveyed, all freelancers living and working in the US, periodically or regularly use cryptocurrencies, compared with 24% who had never heard of it before. 41% of people had never used them before, and obviously… Read More »

Bitcoin Price Will Hit New All-Time Highs in 2019: Quoine CEO

Bitcoin price will likely reclaim or surpass its all-time high by the end of 2019, guesstimated Mike Kayamori. The Quoine chief told Bloomberg in an interview that while it is difficult to predict how much time bitcoin would take to establish a new peak, he is sure it would touch it nonetheless. Adding that he believed The post Bitcoin… Read More »

#GivingTuesday: 100,000 Venezuelans To Receive Crypto Subsidy

Advertisement Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. The situation on the ground in Venezuela is unimaginable to those of us from the US and other countries where the type of economic chaos and inflation being wreaked upon the citizens of… Read More »

Where’s the Fire? Bitcoin and Major Cryptocurrencies Take Massive Beating

Advertisement Twitter Facebook LinkedIn Source: CoinCap.io Just before lunch on Wednesday, the crypto market looked like a bear’s den, with all ten of the top cryptos by market capitalization having bled more than 5%. The exception of Tether (USDT) is easily explained as the token has a fiduciary responsibility to remain pegged to the US dollar, and thus… Read More »

Bitcoin Market Share Falls to Monthly Low as Ripple and Bitcoin Cash Rally

Advertisement Twitter Facebook LinkedIn Bitcoin market dominance has fallen to a monthly low of just over 51% of the overall market capitalization while Ripple and Bitcoin Cash have both rallied multiple percentage points over the past week. Bitcoin’s overall value in the cryptocurrency market is an important barometer in the progress of the space as a whole. If… Read More »

The US Government Maintains a Fork of Bitcoin

Advertisement The US National Institute of Standards and Technology (NIST) and other government bodies play a role in Bitcoin and other cryptocurrencies. For starters, SHA-256 and most other hashing algorithms using in cryptocurrencies have been reviewed and tested by the Institute in the past. Independent cryptographers are frequently consulted by government agencies and scientists. The NSA and NIST… Read More »

Cryptocurrency Market Loses $16 Billion as Dow Jones, Nasdaq Plummet

Advertisement All top ten cryptocurrencies and stocks from Dow Jones, S&P 500 and Nasdaq, are in the red on Thursday. A Deadly Crypto Dive The price of significant cryptocurrencies dived with nearly $16 billion of value being swept out in a matter of three hours. Source: CoinGecko At the time of this writing, Bitcoin had dropped 4 percent… Read More »

Cryptocurrency Market Slump Sees $642 Billion Dumped So Far in 2018

Advertisement The cryptocurrency market capitalization on September 12 established a new yearly low near circa $187 billion. The drop amounts to a total of $642 billion that has vanished from the market since its all-time high near $829.96 billion. Almost all the leading coins, including Bitcoin, Ethereum, Litecoin, and Ripple, are in the process of forming new bottoms.… Read More »

Bitcoin is Cool: St. Louis Federal Reserve

Advertisement The Federal Reserve Bank of St. Louis has published another research paper validating bitcoin’s legitimacy as a currency, even when used as a tool to facilitate private transactions. The report, which was written by economist Charles Kahn and published by the St. Louis Fed last month, examines the role of private payments in monetary systems. Bitcoin a… Read More »