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News & Articles By Ethan Huff
02/18/2018
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By Ethan Huff
Roubini: Bitcoin is “much worse” than tulip bubble mania… “zero intrinsic value”
As excitement returns to the crypto world with Bitcoin rising in value to back over $10,000 per “coin,” as of this writing, a professor of economics at New York University (NYU) has a much gloomier perspective. According to Nouriel Roubini, Bitcoin is “the mother of all bubbles,” and one that he suspects is even worse […]
02/18/2018
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By Ethan Huff
Another Crypto Ponzi scheme collapses: DavorCoin caught defrauding investors who lost nearly everything
Yet another cryptocurrency startup promising massive financial returns to investors has kicked the bucket. Scottsdale, Arizona-based DavorCoins (DAV), which operated a lending scheme similar to the one that resulted in the recent collapse of BitConnect, reportedly left its investors with basically nothing after the value of its coin offering plummeted to almost zero. According to […]
02/15/2018
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By Ethan Huff
Wall Street Journal confirms: Bitcoin is a BUST
Is Bitcoin on the down and out? The Wall Street Journal (WSJ) seems to think so, as writers Steven Russolillo and Kenan Machado recently published an article entitled “Bitcoin Is Falling Fast, Losing More Than Half Its Value in Six Weeks.” The article sends a doomsday message to readers about the future of the popular digital […]
02/06/2018
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By Ethan Huff
India announces determined plan to “eliminate” Bitcoin… cryptos tumble
Yet another country, India, has announced plans to try to squelch the growth of Bitcoin. As reported by Zero Hedge, the government of the seventh largest country in the world now admits that it wants to eliminate the cryptocurrency entirely, as it doesn’t see the digital currency as acceptable. In a recent announcement, India’s finance […]
02/05/2018
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By Ethan Huff
Before it collapsed, BitConnect hucksters thought they were the masters of the universe… hilarious video shows the insanity
Carlos Matos, the shameless scammer behind the infamous BitConnect Ponzi scheme, has become one of the internet’s latest and most hilarious “memes.” That’s because just months prior to the cryptocurrency exchange’s demise, Matos was seen on stage at a New York event screaming and wailing about how great BitConnect supposedly was, which has since earned […]
02/01/2018
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By Ethan Huff
Bitcoin prices artificially pumped up by Bitfinix “Tether” fraud?
Cryptocurrency woes seem to be on the rise as more and more online exchanges come under fire for what some say are questionable business practices. The latest one to land in the regulatory crosshairs is Bitfinex, a cryptocurrency exchange that’s being accused of artificially propping up the price of Bitcoin through the issuance of its […]
01/31/2018
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By Ethan Huff
Bitcoin created by the CIA and NSA, warns co-founder of Kaspersky security software firm
One of the co-founders of a Russian cybersecurity firm recently gave a presentation in which she alleged that the popular cryptocurrency Bitcoin is a project of American intelligence agencies to fund their covert spying operations throughout the world. Natalya Kaspersky, president of the “InfoWatch” group of companies and co-founder and ex-CEO of antivirus security software […]
01/30/2018
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By Ethan Huff
Critical analysis reveals that cryptocurrency ICO “white papers” are mostly complete crap written by clueless noobs who all thought they were the next Steve Jobs
The year 2017 was a big year for cryptocurrency – not only for crypto-king Bitcoin, but also for the hundreds (or even thousands) of new initial coin offerings, or ICOs, that popped up, promising big returns for little investment. But a new analysis by accounting giant Ernst and Young reveals that a shocking number of […]
01/22/2018
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By Ethan Huff
BitConnect collapse reveals that cryptocurrency sites can really only succeed as long as they receive good press to build “confidence”
A major cryptocurrency exchange known as BitConnect has shut down its trading platform and reverted to just a storage wallet following recent crackdowns by state authorities for the alleged unauthorized sale of securities. In a recent blog post published to the company’s website, BitConnect also pointed to “bad press,” which it says eroded consumer confidence […]
01/16/2018
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By Ethan Huff
Bitcoin payments now so SLOW and expensive that a prominent Bitcoin conference has stopped accepting Bitcoin for payment
The day-to-day usefulness of Bitcoin as a method of payment for everyday transactions is so limited that the North American Bitcoin Conference, which actively promotes the cryptocurrency, actually had to stop accepting it from attendees trying to make last-minute ticket purchases. The Keynote event, which is set to take place this week in Miami, features […]
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