Monthly Archives: May 2021

Bank of England and UK Parliament get ‘Bitcoin fixes this’ treatment

The BoE has recently taken greater steps towards the rollout of a central bank digital currency. One crypto user is seemingly taking exception to current monetary policy from the Bank of England, or BoE, and expressing their frustration with a laser projector. Reported by Twitter user Dominic Frisby, an unknown person projected “Bitcoin fixes this” and other messages on the exterior walls of both the BoE and the Parliament of the United Kingdom on Saturday. The message appeared underneath Big Ben as well as the front of […]

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Berkshire Hathaway’s Charlie Munger Finds Bitcoin ‘Disgusting and Contrary to the Interest of Civilization’

Berkshire Hathaway Vice Chairman Charlie Munger, Warren Buffett’s right-hand man, says he hates bitcoin’s success. “I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth,” Munger said. Buffett, on the other hand, dodged the question about bitcoin because he did not want to upset the sheer number of investors who are long on the cryptocurrency. Charlie Munger Hates Bitcoin’s Success At Berkshire Hathaway’s annual shareholder meeting Saturday, Vice Chairman Charlie Munger commented about bitcoin. The 97-year-old said during a Q&A session: Of […]

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Ethereum market cap hits $337 billion, surpassing Nestle, P&G and Roche

The value of the Ethereum network soared above major companies like Nestle and P&G after its market cap hit a new high at $337 billion. Ether (ETH) price has rallied more than 200% in 2021, resulting in a massive $337 billion market capitalization. This impressive figure pushed the value of the Ethereum network ahead of the total market cap of major companies like Procter & Gamble’s ($326 billion) and PayPal’s $308 billion. The market cap figure is achieved by multiplying the last trade price by the total […]

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Bitcoin is a ‘disgusting’ product that comes ‘out of thin air,’ says Charlie Munger

“I hate the Bitcoin success, and I don’t welcome a currency that’s so useful to kidnappers and extortionists and so forth,” said the billionaire. Charlie Munger, billionaire investor and vice chair of Warren Buffett’s Berkshire Hathaway conglomerate, did not mince words when it came to describing his feelings on crypto. In the Berkshire Hathaway Annual Shareholders Meeting streamed live on Saturday, Munger addressed questions from investors alongside his fellow billionaire. While Buffett said he would intentionally dodge a question on whether cryptocurrencies were “worthless artificial gold,” Munger’s […]

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Bitcoin Illuminates Inflation In The Fog

Bitcoin disperses the fog which enshrouds the good work capital can produce if allocated in a sound manner. Rule III: Do Not Hide Inflation in the Fog A reimagination of “Beyond Order” by Jordan Peterson through the lens of Bitcoin. Preface This writing mirrors the exact chronological structure of “Beyond Order,” offering reflection through a Bitcoin lens. This is part 3 of a 12-part series. If you read the book, it adds a second dimension. All quotes credited to Jordan Peterson. All reflections inspired by Satoshi Nakamoto. […]

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Top 5 cryptocurrencies to watch this week: BTC, SOL, HT, ETC, AAVE

SOL, HT, ETC and AAVE are pushing toward new highs while Bitcoin trades within a tightening range. Bitcoin (BTC) price closed the month down 1.98% which according to data from Bybit, was its first negative close in April since 2015. In the same month Ether (ETH) price soared over 44% to hit a new all-time high close to $3,000. This wide divergence between the top two cryptocurrencies shows that the markets have matured and Bitcoin’s underperformance is not affecting altcoins as much as it did in the […]

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Comedian Bill Maher excoriates environmental impact of crypto

The mention of Dogecoin still got a few cheers from the socially distanced audience. Bill Maher did not hold back criticizing cryptocurrencies from Bitcoin to Dogecoin, implying the whole space was fake and yet still required an incredible amount of real energy. Speaking in the New Rules segment on his show Real Time with Bill Maher on Friday, the comedian said the goal of mining crypto was to “make something that is purposefully arbitrary.” Comparing the crypto space to a virtual game and speaking about mining in […]

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No. 1 NFL Draft Pick Trevor Lawrence Puts His Signing Bonus in Cryptocurrencies, Estimated Worth $24 Million

No. 1 NFL Draft Pick Trevor Lawrence has reportedly converted his entire signing bonus to cryptocurrencies via crypto firm Blockfolio. Lawrence is the top overall pick in the 2021 National Football League. His signing bonus is estimated to be around $24 million. NFL Draft Pick Trevor Lawrence Converts Signing Bonus to Cryptocurrencies Clemson quarterback Trevor Lawrence was selected No. 1 overall in the 2021 NFL Draft by the Jacksonville Jaguars on Thursday night. The 6-foot-6, 220-pounder has partnered with crypto management and trading platform Blockfolio where has […]

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Spartan Protocol exploit results in loss of $30M

The price of SPARTA token plunged 30% on Sunday as details of the attack came to light. Spartan Protocol, a liquidity platform for synthetic assets on the Binance Smart Chain, was drained of $30 million in a coordinated attack on its liquidity pool late Saturday.  The exploit targeted a “flawed liquidity share calculation” in the SPARTA/WBNB liquidity pool, which enabled the attacker to withdraw the funds, blockchain security company PeckShield explained. The security expert continued: “In particular, the specific hack inflates the asset balance of the pool […]

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2021’s Largest Epoch Drop: Bitcoin Network’s Mining Difficulty Dips Over 12%, Hashrate Nears 200 Exahash

Bitcoin’s mining difficulty has seen a massive drop this week, as the metric slid 12.6% and was the largest difficulty drop in 2021. The mining difficulty decline follows the recent electrical outages in China which had affected the network’s hashrate to some degree. Following the difficulty drop, Bitcoin’s hashrate is climbing northbound again nearing the 200 exahash per second zone. Bitcoin’s Mining Difficulty Drops 12% Allowing the Hashrate to Climb Higher On April 18, 2021, Bitcoin.com News and a number of crypto publications reported on Bitcoin’s (BTC) […]

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