marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
finance
08/28/2020
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By Franz Walker
South Korea’s third-largest cryptocurrency exchange seized due to allegations of extreme fraud
South Korean police have seized Coinbit, one of the country’s largest cryptocurrency exchanges, following allegations that it was involved in fraud and wash trading. According to a report by the Seoul Shinmum, the Seoul Metropolitan Investigation Department searched and seized several of the company’s premises, including its headquarters in Seoul’s Gangnam district. This came following reports […]
07/01/2020
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By News Editors
Under this new law, cryptocurrency could become illegal
In early 1775, Benjamin Franklin and his European colleague, Charles Dumas, developed a secret method of communicating with each other. (Article by Simon Black republished from SovereignMan.com) Dumas had spent years gathering intelligence in Europe to assist the Americans in their revolt against Britain. But the two needed a secure way to pass information across […]
06/28/2020
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By Franz Walker
Cryptocurrency is dying as young speculators shift to Robinhood and zero-cost trading
Once the darling of daring young investors looking to get into trading on the cheap, cryptocurrency hasn’t really recovered since the 2018 crash. Now, these same investors seem to have found something new to put their money into – Robinhood. With its innovative “zero-cost” trading model, Robinhood has quickly gained a following among young, tech-savvy but […]
02/03/2020
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By Ethan Huff
John McAfee just withdrew his famous 2020 prediction about Bitcoin, now says the cryptocurrency is essentially obsolete
There was a time when John McAfee of antivirus fame predicted that Bitcoin would reach $1 million by 2020. But he’s since changed his mind and decided that Bitcoin will eventually reach $0 because the cryptocurrency is based on “ancient” technology. Part of McAfee’s former $1 million claim included a personal promise; if it didn’t “shoot the […]
10/14/2019
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By Ethan Huff
Massive Bitcoin mining farm in China goes up in flames… a foreshadow of things to come?
There’s more trouble in cryptocurrency land after a “monstrous data facility” that mined Bitcoin in China reportedly burned to the ground recently, supposedly due to “faulty wiring and bad PSUs.” An omen of what’s to come for the world’s financial system at large, the disaster, which occurred at a company known as Innosilicon, resulted in […]
10/10/2019
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By News Editors
Cannabis and Bitcoin: Two frenzies leaving investors high and dry
Just two years ago, any company name hinting at involvement in cannabis in any way would see their stock skyrocket. If the company was private, then they would consider doing an IPO. It was another brainless speculative frenzy, such as crypto-currencies, or “fake beef” as in ‘Beyond Meat.’ (Article by Dohmen Capital Research republished from […]
05/02/2019
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By Ethan Huff
Cryptocurrency plunge once again illustrates that digital coin manipulation is a rampant problem
Researchers from Cornell Tech and several other universities recently published a paper looking at how many major cryptocurrency exchanges operate – and what they discovered is nothing short of chilling. As it turns out, manipulation is rampant across many crypto exchanges – and it’s typically the little guys that are bearing the brunt of the […]
04/30/2019
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By News Editors
Mike Novogratz’s Crypto Firm Lost A Staggering $273 Million In 2018
Mike Novogratz’s Galaxy Digital has finally released full-year results for 2018. And what started out as a nine-figure loss, according to financials released all the way back in Q3, the firm had already brooked a $134 million loss, combining realized and unrealized losses, by the end of Q1. By the end of Q3, that loss had widened slightly […]
04/03/2019
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By Ethan Huff
The bizarre story of QuadrigaCX reveals why you are a complete fool to trust any crypto exchange
In case you missed it, a major Canadian cryptocurrency exchange went belly-up earlier this year after its CEO was reported to have “died,” supposedly taking with him “to the grave” nearly $200 million worth of other people’s crypto assets. QuadrigaCX, as the exchange was once called, had, at one point, been the largest crypto exchange […]
03/04/2019
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By Ethan Huff
Public pensions risk everything, start piling money into crypto… playing roulette with your retirement
As the price of Bitcoin continues to hover substantially below $4,000 per coin, after reaching earlier all-time highs of around $20,000 per coin, venture capitalists appear to now be swooping in for the kill as they launch brand new crypto schemes using people’s pension funds as financial backing. According to reports, a previously obscure finance […]
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