In February, Tesla announced it had purchased $1.5 billion in Bitcoin and would soon accept the cryptocurrency for car purchases. While bolstering Elon Musk’s crypto cred on Twitter, the move has a serious climate impact. Tesla prides itself on being the green car company,...
Silicon Valley billionaire Peter Thiel finds himself in a confusing moral quandary as he struggles to weigh the merits of his nerdish belief in cryptocurrency against his patriotic paranoia focused on China’s economic rivalry with the United States. Participating in “a virtual event held for...
We are now entering the second decade of the existence of cryptocurrency, and it seems that some of the initial predictions of early adopters may have come true. The most commonly cited prediction by the mainstream media was of Bitcoin’s failure, either because of its lack of intrinsic value or...
There is a false frontier between investment and speculation, but Warren Buffett can’t see it. When you’re as rich as Warren Buffett, you must be smart. And if you’re smart, you can clearly establish the difference between things, especially things you’re in contact with in your...
With huge sums being raised by ICOs and the danger of scams proliferating, regulators are seeking ways to create the right framework for supervision. For tech startups hungry for capital, an initial coin offering (ICO) seems to offer a dream: It lets them raise millions of dollars online with...
Venezuela has created its own cryptocurrency and US politicians are not happy. In the past year, cryptocurrencies have taken a significant place in the news cycle for two reasons. First, they intrigue everyone within today’s money-obsessed economy who is on qui vive about opportunities to make...
Despite bitcoin’s growing credibility among individual and institutional investors, the cryptocurrency’s skyrocketing price is causing some concern. Investors and speculators are biting into bitcoin — in a big way. The price of the cryptocurrency surged by nearly 1,900% in 2017, to an...
The cryptocurrency sector is booming, with more and more initiatives being created to help the developing world. Cryptocurrency, or blockchain, is rapidly evolving around the world to cater for virtual peer-to-peer transactions using digital currency. This enables people to send money directly...
