Bitcoin

5 predictions for bitcoin, NFTs and the future of money

5 predictions for bitcoin, NFTs and the future of money

 | CNET.Com Troy Warren for CNT #NFT  #Technology  #Digital Cryptocurrency made many of the strangest headlines of 2021. Boosters touted digital currencies as a world-changing technology with the potential to create new economies and empower unbanked populations everywhere. Critics pointed to crypto's massive environmental footprint, as well as its popularity in online crime. The chasm between these views will be hard to bridge. Much of the cryptocurrency industry functions as a hype-monster, powered by oddball memes of cute dogs and outer space emoji. The same industry boasts a staggering amount of funding from venture capitalists and private enthusiasts, along with real…
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China says all crypto transactions illegal; Bitcoin tumbles

China says all crypto transactions illegal; Bitcoin tumbles

By The Associated Press Troy Warren for CNT #Business BEIJING — China’s central bank on Friday declared all transactions involving Bitcoin and other virtual currencies illegal, stepping up a campaign to block use of unofficial digital money. Friday’s notice complained Bitcoin, Ethereum and other digital currencies disrupt the financial system and are used in money-laundering and other crimes. “Virtual currency derivative transactions are all illegal financial activities and are strictly prohibited,” the People’s Bank of China said on its website. The price of Bitcoin fell more than 9%, to $41,085, in the hours after the announcement, as did most other crypto…
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Cryptocurrency Firms Spend Big on Hollywood Names to Gain Trust

Cryptocurrency Firms Spend Big on Hollywood Names to Gain Trust

BY ALEX WEPRIN | HollywoodReporter.Com Troy Warren for CNT #Digital FTX, CoinBase and CoinFlip are enlisting stars like Spike Lee, Neil Patrick Harris and Tom Brady (and shelling out for TV ads) to gain wider respectability and convert skeptical consumers. In 1989, the internet was cutting-edge technology. CompuServe, at the time the dominant firm in the nascent sector, wanted to introduce it to the population at large. So it did what any company would do in that situation: It bought ads on TV. “CompuServe combines the power of your computer with the convenience of your telephone,” the company’s first commercial began.…
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