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Bitcoin Prices Skyrocket to $7200 on Zimbabwean Exchange During Economic Turmoil

According to various reports, the African country of Zimbabwe is suffering from severe economic hardships similar to the inflation and currency crisis in Venezuela. Furthermore, demand for bitcoin is skyrocketing as the country’s only exchange is seeing bitcoin trades at US$6150 per BTC at the time of writing. Also Read: Increased South African Bitcoin Adoption…

Markets Update: Bitcoin Prices See Some Uptrend During the Weekend

The price of bitcoin has been trending higher since our last markets update and is currently hovering around the $4,275 – $4,295 zone on September 30 at 11:00 pm EDT. The decentralized cryptocurrency has climbed roughly 2 percent on a daily basis over the course of last week as buyers steadily chew through market resistance.…

IMF Chief Lagarde Tells Central Bankers: “Not Wise to Dismiss Virtual Currencies”

Christine Lagarde, head of the IMF, warns central bankers that bitcoin is rising. She has told them not to discount digital currencies, because they are gaining more adoption and traction. Lagarde addressed this issue in a conference Friday in London. She said digital currencies might give existing currencies “a run for their money.” Also read: Cayman Investment…

The Satoshi Revolution – Chapter 1: A Revolution of Rising Expectations

The Satoshi Revolution: A Revolution of Rising Expectations, Chapter 1 (part 1). by Wendy McElroy Section One: The Trusted Third Party Problem Chapter One: Listening to the Past “The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency,…

Virtual Currencies Expected to be Regulated in China on October 1st

Chinese media outlet Jinse.com has reported that laws governing the use of virtual currencies in China will be enacted on October 1st 2017. Jinse states that Chinese cryptocurrency regulations were incorporated into the nation’s “General Principles of the Civil Law of the People’s Republic of China” legislation, which was voted on and passed on March…