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Is Bitcoin tulip Mania for the digital age?

Let's look at the facts! There has been massive media chatter today about the price of bitcoin breaking 9,10, and today 11k. The first question one should ask themselves is, is this price justified? Surely a pull back may be due in the near term. At these prices the market cap of Bitcoin is now around $183 Billion. This is a fraction of the market cap of gold, a fraction of the market cap of stocks and a very small fraction of the market cap of major currencies. So is Bitcoin truly a financial asset or is it more like...

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Jack Bogle says avoid Bitcoin like the Plague as it passes $11,000

As Bitcoin reaches the $11,000 mark after an incredible growth over the past year, index fund revolutionary and legendary investor Jack Bogle has given his input on the cryptocurrency. The founder of Vanguard replied to an audience question with ‘’Avoid Bitcoin like the plague’’ before going on to say ‘’Bitcoin has no underlying rate of return, you know bonds have an interest coupon, stocks have earnings and dividends, gold has nothing. There is nothing to support bitcoin except the hope that you will sell it to someone for more than you paid for it’’ Jamie Dimon, CEO of JPMorgan Chase,...

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Putin Aide believes Russia isn’t ready for Crypto

Russian advisor ‘German Klimenko’ told reports that a state-owned cryptocurrency exchange in Russia, is too early. "The crypto-ruble and the cryptocurrency are not regulated legislatively in my understanding. Therefore, speaking about the cryptocurrency exchange is like skipping ahead a full step," Klimenko noted. Nobody has offered a solution yet on how to take cryptocurrencies out of the "gray zone," he noted. "Firstly, they [cryptocurrencies - TASS] should be legalized and formalized - no such decisions are in place to date. So, the time isn’t ripe for talking about the cryptocurrency exchange," the presidential aide explained. President Putin said in October...

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Turkey announces that Bitcoin is Un-Islamic, as price soars above $10,000

The Authorities in Turkey have announced that bitcoin is not in accordance with the Islamic religion and has warned their citizens against buying the most powerful crypto currency. The Directorate of Religious Affairs said “Cryptocurrency is widely used for nefarious and illegal activities, and is not sufficiently regulated, making it far more volatile than other currencies.” “Buying and selling virtual currencies is not compatible with religion at this time because of the fact that their valuation is open to speculation, they can be easily used in illegal activities like money laundering and they are not under the state’s audit and...

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Developers Discuss the State of Bitcoin Privacy at Baltic Honeybadger Conference

A major highlight of the recent Baltic Honeybadger 2017 conference in Riga, Latvia was the final panel at the end of the second day of events, which consisted of a number of well-known developers in the Bitcoin ecosystem. During the panel discussion, the developers shared their thoughts on the current state of privacy in Bitcoin. Various participants on the panel pointed out the close relationship between privacy and scalability, the privacy issues with light wallets, and how the ecosystem is now on the cusp of a number of different privacy enhancements. Bitcoin Privacy Improves as the Technology Scales by Default...

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