Rough ride for the Bitcoin while EU struggles to fight the crypto

Well, back in December I thought that Bitcoin will regain value quite fast after the holidays, but it didn’t, and it stayed true to my first experiment in graph-based-prediction (which I still think is more of a Rorschach test for Dunning-Krugerrands, bu lo, some of them happen to be right sometimes, just as my graph […]

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TransfeWise doesn’t allow you to send money to crypto-related accounts?

You probably know about bitFlyer entering the EU market and while you are waiting your account verification you might have tried to put some money in your EUR account there. I had some funds lying in my TransferWise Borderless Account (which is currently inaccessible), so naturally I tried to move them to the account provided […]

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Bitcoin going down, NH returns, what to mine these days and WTH is wrong with the market?

With Christmas on the doorstep and people cashing out for the holidays, Bitcoin price plummeted to unexpected levels. My worst prediction was around 13k, but we’ve seen prices even under 11k, and that’s not even the worst we could face until after the holidays. Being a miner at times as these pays off though. While […]

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The Bulgarian State Agency for National Security seized 213 519 Bitcoins. Ever heard of that?

Weird as it is, the FBI collecting a pile of Bitcoins from Silk Road turned out as to be smaller than the biggest government agency hit through the years. The Bulgarian SANS (DANS in Bulgarian) that kicked the horned nest out of some customs corruption scheme, confiscating 213 519 bitcoins used as payments between the involved. […]

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The social functions of Bitcoin and the cryptocurrencies

Joseph Stiglitz, Nobel Prize-winning economist, has made the claim that bitcoin ‘ought to be outlawed,’ because it doesn’t have any useful social functions.[1] Bad way to start an article, but I’m triggered. For once, I will begin with stating the obvious, even if it doesn’t seem related: Gold doesn’t have any useful social function (other […]

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Bitcoin breaks 10k with a bang, and there is a Big Bang Theory yet to be aired

Is it a balloon? In my opinion – no. There are always the predictions for a crash. A month ago the BCH tried to overrun the Bitcoin and all it managed was clearing the debris and making it stronger. But why the conviction? Plenty of reasons! First of all, we are all aware we need […]

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