‘Bitcoin Billionaires’ Author Writes Crypto for Showtime Hit Drama ‘Billions’

“Bitcoin Billionaires” author Ben Mezrich has joined the hit Showtime TV series “Billions” as a consulting producer. The move will ensure that more crypto story lines will bubble up in forthcoming episodes of the finance-centered show. Mezrich shared the news on Twitter, where he joked that he’s “taking the Acela straight to Hollywood, baby!” I’m …

Economist Bashes Libra, Mocks Facebook Crypto as ‘Fake Money’

In a new article called “Facebook’s Fake Money,” economist Thorsten Polleit bashes Facebook’s foray into cryptocurrency through its Libra token. Facebook Libra Isn’t Sound Money Far from alone in his criticism of Facebook’s fintech ambitions, Polleit bases his doubts on an entirely different set of metrics than do legislators and regulators. Pointing out that consumers …

US Might Have Already Lost Crypto Innovation Race

As U.S. lawmakers wrestle with what to do with Facebook’s Libra, they are being forced to confront another digital currency that they’ve been trying to avoid like the plague – bitcoin. Unfortunately, the longer lawmakers wait, the more left behind the U.S. becomes as crypto innovation goes elsewhere. Even Facebook chose Switzerland for its Libra …

Bitcoin Still ‘Wildly Bullish’ Despite Sharp Recent Retreat, Experts Say

Despite the recent fall of Bitcoin, experts have not yet abandoned their bullish sentiment. In fact, it seems that current events have only served to reinforce this perception. While it is true that bitcoin experienced a sharp drop, breaking essential supports for swing and day traders, in a long term vision it is possible that …

The Bitcoin Price Surged Because Mnuchin Made This Crucial Remark

The bitcoin price surged to an intraday high on Monday after US Treasury Secretary Steven Mnuchin made a crucial comment during his surprise press conference on cryptocurrency regulation. Bitcoin Price Shoots to Daily High During Mnuchin Press Conference The flagship cryptocurrency, which traded down after Mnuchin referred to it as a “national security issue,” suddenly …

The Best Crypto Industry Reaction to Trump’s Bitcoin-Bashing Tweet

Donald Trump weighed in on bitcoin and cryptocurrencies, predictably on Twitter, last week. It wasn’t very positive, to say the least. Trump said he’s “not a fan” of bitcoin and cryptocurrencies. Then he listed the typical objections people like Paul Krugman and Nouriel Roubini have made. Trump also took a shot at Libra, Facebook’s disruptive …

Study Exposes How Russia, Iran, & China Are Weaponizing Crypto

It’s no secret that foes of the United States – including Venezuela, Iran, Russia, and China – are experimenting with cryptocurrency technology as they seek to render their economies immune to crippling US sanctions. However, a new study from the Foundation for Defense of Democracies (FDD) exposes the lengths to which these rogue nations are …

China’s Illegal Crypto Mining Crackdown Could Ignite a Bitcoin Price Rally

Besides fat-fingered whales, the other species HODLers should learn to fear are large-scale Bitcoin miners whose electricity cost is zero. The reason? Their break-even point is low enough to depress the fair market value of the Bitcoin price, dashing the asset’s seven-figure ambitions. Just this week, Chinese police busted a gang of Bitcoin miners that …