Bitcoin died 91 times in 2018 alone and 337 in total. But despite the latest bear cycle, hard data shows that Bitcoin has grown with more than 82,000 percent in the last 7 years.
According to website Bitcoin Obituaries – there were 91 publications in 2018 proclaiming Bitcoin’s demise.
Interestingly, there were 125 ‘obituaries’ in 2017, the frequency of which actually peaked right when Bitcoin was nearing its all-time high price of $20,000 in December.
Overall, since 2010, doomsayers have buried Bitcoin exactly 337 times, according to the...
To many, Bitcoin is a censorship-resistant, decentralized, immutable, and borderless transactional tool that transcends centralized boundaries. But for many Westerners, these inherent features aren’t something that’s all too useful in day-to-day life. However, with the rise of Internet censorship and anti-“radical” narratives, some believe that the need for decentralized mediums of value and information cannot come fast enough.
On Saturday morning, reports arose that The Hacker News (THN), a trusted, world-renowned outlet for cybersecurity news, had all of its Paypal accounts shut down. THN took to its Twitter feed, which sports 514,000 followers, to...
Payments company Square is moving into new markets by issuing business loans and will soon move to consumer lending. Its data collecting and analyzing algorithms are deciding creditworthiness letting borrowers arrange their loans in a few taps.
According to WSJ reporting, one Texan food truck owner accepted a loan offer within the Square app, then went on to borrow $150,000 to open a gastropub.
The borrower, Billy Joe Wilson, already used Square devices to process the credit card payments for his business. Square’s algorithms had been watching the transactions and monitoring sales before offering the loan which Wilson...
FinExpertiza, a network of Russian auditing and consulting firms, has lambasted Bitcoin as the least profitable investment instrument in 2018.
Russian newspaper Rossiyskaya Gazeta requested a report on the investment ranking of 14 instruments from FinExpertiza. While precious metal palladium turned out to be the most profitable investment, Bitcoin losses were noted to be 71.15% at the time the report was compiled.
Bitcoin’s price surged in the past which led people to believe that it was becoming “digital gold.” One of these advocates included Alex Gurevich, former JPMorgan executive and Mathematics professor, who said that time was working for Bitcoin despite the...
