The COVID-19 pandemic has had a devastating impact on the world’s economy. The Consumer Price Index (CPI) rose by 5.4% from the previous year, with a third of it being caused by the prices of used cars and trucks due to a global semiconductor shortage as a result of the lockdowns. However, consumers have also…
This week Robinhood announced the long awaited feature of Cryptocurrency Wallets. Up until now, Robinhood allowed users to buy and sell cryptocurrency, which was stored on a Robinhood central wallet. Since individual users did not have their own wallets however, sending and receiving cryptocurrency was not an option for Robinhood users. The wallet feature on…
The elusive promise of earning Bitcoin through an app is littered with scams. It’s a tale as old as Bitcoin. There are endless apps known as Faucet Apps that promise to pay you Satoshis, the bigger the promise the more likely it’s a scam. If an app promises to pay you Satoshis right up front…
Elon Musk recently sent bitcoin prices plummeting when he announced that Tesla would no longer accept the cryptocurrency, citing concerns over the environment. “Energy usage trend over past few months is insane,” said Musk, one of bitcoin’s highest-profile supporters, in a May 12 tweet. Tesla & Bitcoin pic.twitter.com/YSswJmVZhP — Elon Musk (@elonmusk) May 12, 2021…
It’s been rough for the stock market in the year of COVID-19. A number of stocks in the hospitality, financial and manufacturing sectors have yet to dig themselves out of the hole and reach their pre-COVID highs. The talk of Wall Street is Tesla, just recently added to the S&P 500 Index, that has far…
At the time of this writing, the cryptocurrency known as Bitcoin has seen its value skyrocket to around $18,000 (11/19/2020 12 AM EST) after dropping down to around just $4,840 in mid-March. This is significant because the all-time high for the cryptocurrency is $19,783 back in December of 2017, only to drop down to as low as…
By Jeffrey A. Tucker Facebook changed the way we communicate, interact, and gather information. You don’t have to love all the results. But the reality of the shift in our lives is undeniable. Will Facebook’s new initiative to create a cryptocurrency do the same for money and payment systems? Most likely no, but the creation…
In the last 3 months, we’ve seen great strides from Crypto making a comeback into Bull Market territory. Bitcoin has once again risen above the $5,000 mark. This is a 35% increase in the last three months. Crypto is known for its volatility and wild swings, but the good news is that this growth has…
Last year, Bitcoin reached over $2,000 and long-term investors were ecstatic. Those that had heard of Bitcoin were kicking themselves for not listening to their libertarian friend preach about a new “blockchain” technology that could decentralize banks. This is no longer the case. Considering that only two years prior Bitcoin was at a little over…
Craig Steven Wright is Satoshi Nakamoto by Joey Clark After years of speculation, Australian entrepreneur Craig Wright has revealed himself to be Satoshi Nakamoto, the creator of Bitcoin. In an interview with the BBC, Wright claims, “I was the main part of it, but other people helped me,” including the now deceased Hal Finney, a world…