Bitcoins and Cryptocurrencies

nodle

Forum Nazi
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Apr 27, 2006
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Twitter to start blocking cryptocurrency ads from its platform
The ban comes shortly after Twitter CEO, Jack Dorsey, said that he sees bitcoin as the future single global currency in 10 years time. It also follows similar action taken by other tech giants against crypto ads. Facebook started a ban on ads for cryptocurrencies, ICOs, and binary options in January, describing these practices as deceptive methods of promotion. Earlier this month, Google also announced that it will change the types of ads that will be allowed on its network as part of a broader crackdown on cryptocurrencies.
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nodle

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Apr 27, 2006
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Looks like Reedit has now dumped Bitcoins as well. Your money is going to be no good when nowhere accepts it again.
 

ryanator

Mathematical
Sep 20, 2007
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Makes me question the whole point of the "difficulty" of generating a cryptocurrency? In essence, the rarity of something translates into a higher value in the real world. Bitcoin along with the many many others, are suppose to be harder to generate based on complex math, but this "bug" shows you can generate it quicker (like printing legal money) or is it like counterfeiting? Proves even more how much more vulnerable 'out of thin air' cryptos are more even than fiat "paper" money.
 
Likes: Davidc

nodle

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Apr 27, 2006
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I saw recently someone I know moving back to work at a local mining operation going up. I still don't get it, unless they know something that we don't.
 

nodle

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Apr 27, 2006
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Bitcoin prices are falling off a cliff as a growing heap of bad news for the crypto market piles up.

Government regulators in Japan slapped six exchange operators with business improvement orders, while a South Korean trading-platform said earlier this week that hackers stole about $30 million in digital tokens.
Bitcoin fell to $6,144 today, according to CoinDesk prices, the lowest level for 2018 and down from the peak of $17,135 in January. Ether has fallen almost 40% this year to $473.
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nodle

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Apr 27, 2006
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Boy it's been awhile...

Starbucks has teamed up with Microsoft, Intercontinental Exchange, and BCG to launch a new platform called Bakkt, which will allow customers to store digital currencies and use them to buy items in stores. "It's very big news for bitcoin because people say, 'Where can you spend it?' Now at every single Starbucks," said Brian Kelly, founder and CEO of BKCM.
 

nodle

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Apr 27, 2006
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Bitcoin Drops 10% in a Day
Yesterday, the price of one Bitcoin dropped from $7350 to about $6400 within a 24 hour period. Business Insider claims that the drop was exacerbated by their own report on Goldman Sachs backing away from their crypto trading desk plans. Meanwhile, Etherium has dropped to $229, its lowest price since August of 2017, while other currencies are facing similar steep drops. According the coinmarketcap.com, nearly $40 billion US dollars in virtual currency evaporated from the cryptocurrency market overnight.