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Bitcoin

News

Corporate Media Intensifies Propaganda Blitz Against Bitcoin, Cryptocurrency

As cryptocurrencies have taken off, the corporate media has attacked the concept on a wide variety of grounds from practicality to environmental concerns. John Oliver of HBO recently took pot shots at Bitcoin during his weekly comedy show, hoping to influence his young audience into rejecting the developing technology. On his show, Oliver compared Bitcoin to $15,000 beanie babies. He featured Bitcoin enthusiasts who he could profile as kooky including Don Tapscott, co-founder of the Blockchain Research Institute, who said that hacking a Bitcoin would be “like turning a Chicken McNugget back into a chicken.” Oliver called Bitcoin “everything you… Keep Reading

Economics

The Next Generation Of Currency Wars: Private Vs. State-Backed Crypto

Recently, Russia announced that it will be unleashing a CryptoRuble, just a week after Vladimir Putin strongly criticized Bitcoin and other private cryptocurrencies.  When announcing the move, Minister of Communications Nikolay Nikiforov acknowledged that it was in part inspired by the aim of getting ahead of other governments: I confidently declare that we run CryptoRuble for one simple reason: if we do not, then after two months our neighbors in the EurAsEC will. In doing so, Russia is following the lead of another country that too has become hostile to private crypto, China. Last July, the People’s Bank of China became the first central… Keep Reading

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